Ordinary Subordinated Creditors definition

Ordinary Subordinated Creditors means any person(s) to whom/which the Issuer owes an Ordinary Subordinated Obligation.
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Ordinary Subordinated Creditors means creditors of the Issuer whose claims are in respect of obligations which are subordinated to those of Senior Creditors or which otherwise rank, or are expressed to rank, junior to obligations owed by the Issuer to Senior Creditors, and which do not constitute Tier 1 Capital or Tier 2 Capital of the Issuer (including the Subordinated Tier 2 Notes).
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Ordinary Subordinated Creditors means any person(s) to whom/which the Issuer or the Guarantor, as the case may be, owes an Ordinary Subordinated Obligation.
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Examples of Ordinary Subordinated Creditors in a sentence

  • Ordinary Subordinated Creditors means any Person to whom the Issuer owes an Ordinary Subordinated Obligation.


More Definitions of Ordinary Subordinated Creditors

Ordinary Subordinated Creditors means any Person(s) to which a Person owes an Ordinary Subordinated Obligation.
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Related to Ordinary Subordinated Creditors

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.