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 described in Article 389/1, 3° of the Belgian Banking Law 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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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.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;