Ordinarily Subordinated Obligations definition
Ordinarily Subordinated Obligations means any subordinated obligations or other instruments issued by the Issuer which rank, or are expressed to rank, pari passu among themselves, and constitute direct, unconditional, unsecured and subordinated obligations of the Issuer but in priority to prêts participatifs granted to the Issuer, titres participatifs issued by the Issuer and any deeply subordinated obligations of the Issuer (engagements dits "super subordonnés", i.e. engagements subordonnés de dernier rang).
Ordinarily Subordinated Obligations means any obligations (including any bonds or notes) of the Issuer which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and which at all times rank pari passu and without any preference among themselves and equally and ratably with any other existing or future Ordinarily Subordinated Obligations, behind Unsubordinated Obligations but in priority to Equity Securities, the Notes, Parity Securities, prêts participatifs granted to the Issuer and titres participatifs issued by the Issuer.
Ordinarily Subordinated Obligations means subordinated obligations of the Issuer, whether in the form of notes or loans or otherwise, which rank in priority to the present and future prêts participatifs granted to the Issuer, the present and future titres participatifs issued by the Issuer, Support Agreement Claims, Deeply Subordinated Obligations and the Notes.
More Definitions of Ordinarily Subordinated Obligations
Ordinarily Subordinated Obligations means any subordinated obligations or other instruments issued by the Issuer which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer.
Ordinarily Subordinated Obligations means direct, unconditional, unsecured and subordinated obligations of the Issuer which rank in priority to any prêts participatifs granted to the Issuer, any titres participatifs issued by the Issuer, any Tier 1 Subordinated Notes and the Notes;
Ordinarily Subordinated Obligations means any obligations (including any bonds or notes) of the Issuer which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and which at all times rank pari passu and without any preference among themselves and equally and ratably with any other existing or future
Ordinarily Subordinated Obligations means any subordinated obligations or other instruments issued by the Issuer which rank, or are expressed to rank, pari passu among themselves, and
Ordinarily Subordinated Obligations means any subordinated obligations or other instruments issued by the Issuer which rank, or are expressed to rank, pari passu among themselves and with the Notes, and constitute direct, unconditional, unsecured and subordinated obligations of the Issuer. For the avoidance of doubt, the Issuer does not have any outstanding Ordinarily Subordinated Obligations as at the Issue Date except an intra group undated subordinated loan for an amount of €300,000.
Ordinarily Subordinated Obligations means any obligations (including any bonds or notes) of the Issuer which constitute direct,
Ordinarily Subordinated Obligations means any present or future subordinated obligations or other instruments issued by the Issuer which constitute direct, unconditional, unsecured and ordinarily subordinated obligations of the Issuer and which rank, or are expressed to rank, (i) equally and rateably with any other Ordinarily Subordinated Obligations, (ii) in priority to all present and future titres participatifs issued by the Issuer, present and future prêts participatifs granted to the Issuer, Deeply Subordinated Obligations and any class of Equity Securities but