Liquidation Parity Securities definition
Liquidation Parity Securities means any class or series of Capital Stock of the Corporation hereafter authorized, classified, reclassified or otherwise created in compliance with the terms of this Certificate of Designations the terms of which expressly provide that such class or series ranks pari passu with the Series A Convertible Preferred Stock as to rights on the distribution of assets upon Liquidation or redemption, and includes the Series A Convertible Preferred Stock authorized and created in compliance with the terms of this Certificate of Designations.
Liquidation Parity Securities means any securities issued by the Company (other than the Preferred Stock), the terms of which would result in such securities ranking equally with the Preferred Stock with respect to the distribution of assets upon the Company’s liquidation, dissolution or winding up. For the avoidance of doubt, Liquidation Parity Securities will not include any securities of the Company’s Subsidiaries.
Liquidation Parity Securities means any equity securities issued by the Company (other than the Convertible Preferred Stock), the terms of which would result in such securities ranking equally with the Convertible Preferred Stock with respect to the distribution of assets upon the Company’s liquidation, dissolution or winding up. For the avoidance of doubt, Liquidation Parity Securities will include any Mirror Preferred Stock issued in accordance with the terms hereof, but does not include any securities of the Company’s Subsidiaries.
More Definitions of Liquidation Parity Securities
Liquidation Parity Securities means the Series A convertible preferred shares, par value $0.0001, and any class or series of Capital Stock of the Corporation hereafter authorized, classified, reclassified or otherwise created in compliance with the terms of this Certificate of Designations the terms of which expressly provide that such class or series ranks pari passu with the Series B Convertible Preferred Stock as to rights on the distribution of assets upon Liquidation or redemption, and includes the Series B Convertible Preferred Stock authorized and created in compliance with the terms of this Certificate of Designations.
Liquidation Parity Securities means any securities (including Distribution Parity Securities) or instruments issued, entered into or guaranteed by the Issuer which, in each case, rank (or in relation to which the Issuer’s payment obligations under any relevant guarantee rank), by their terms or by operation of law, pari passu with the claims of the holders of the Securities as regards entitlement to distributions representing principal on the voluntary or involuntary liquidation, dissolution or winding up of the Issuer.
Liquidation Parity Securities means each other class of capital stock of the corporation created after the date of this Amendment the terms of which expressly provide that
Liquidation Parity Securities means (i) any preference shares of the Company ranking most senior in priority of payment as to liquidation distributions, (ii) any other preferred or preference shares of any affiliate of the Company which shall be entitled to the benefits of a guarantee of the Company ranking pari passu in priority of payment as to liquidation distributions with the Junior Subordinated Securities, and (iii) any other liabilities of the Company with terms and conditions substantially equivalent or subordinate in priority of payment as to liquidation distributions to the liabilities of the Company stipulated in Section 1302 with respect to the Junior Subordinated Securities.
Liquidation Parity Securities means (i) any preference shares of the [Issuer/Bank](3) ranking most senior in priority of payment as to liquidation distributions, (ii) any other preferred or preference shares of any affiliate of the [Issuer/Bank](3) which shall be entitled to the benefits of a guarantee of the [Issuer/Bank](3) ranking pari passu in priority of payment as to liquidation distributions with the [Notes/Guarantee](3), and
Liquidation Parity Securities. ’ means (i) any preference shares of SMBC ranking most senior in priority of payment as to liquidation distributions; (ii) any other preferred or preference shares of any affiliate of SMBC which shall be entitled to the benefits of a guarantee of SMBC ranking pari passu in priority of payment as to liquidation distributions with the Bonds; and (iii) any other liabilities of SMBC with terms and conditions substantially equivalent or subordinate in priority of payment as to liquidation distributions to the liabilities of SMBC stipulated above in this Condition 2. For the purpose of (iii) above, such liabilities shall include any liabilities with terms and conditions substantially equivalent or subordinate in priority of payment as to liquidation distributions to such liabilities except for the absence of item (iii) of the definition of the ‘‘Subordination Event’’ below and item (iii) of the definition of the ‘‘Condition for Liquidation Payment’’ above;
Liquidation Parity Securities means (i) our $2 billion aggregate principal amount of 5.20% step-up callable subordinated notes due 2045, ¥100 billion aggregate principal amount of subordinated notes due 2046 with interest deferral options, ¥100 billion aggregate principal amount of subordinated notes due 2047 with interest deferral options and ¥15 billion aggregate principal amount of subordinated notes due 2051 with interest deferral options and (ii) any other liabilities that are expressly designated as being on a parity with, or ranking pari passu with, the Notes as to priority of liquidation payment, and, for the avoidance of doubt, Liquidation Parity Securities shall not include foundation funds (kikin). See “Description of the Notes—Status of the Notes; Subordination.”