Ordinary Subordinated Obligations definition

Ordinary Subordinated Obligations means obligations, whether in the form of notes or otherwise, which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and rank and will rank or are expressed to rank pari passu among themselves and pari passu with all other present or future ordinary subordinated obligations, behind Unsubordinated Obligations but in priority to prêts participatifs, if any, granted to, and deeply subordinated obligations of, the Issuer.

Ordinary Subordinated Obligations means any Obligations of the Issuer which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and which rank and will rank pari passu among themselves and pari passu with all other present and future Ordinary Subordinated Obligations, but in priority to the prêts participatifs granted to, and titres participatifs issued by, the Issuer and Deeply Subordinated Obligations.

Ordinary Subordinated Obligations means any Obligations (including any bonds or notes) which constitute direct, unsecured and subordinated obligations of the Issuer and which rank and will at all times rank (i) equally and rateably with any other existing or future Ordinary Subordinated Obligations, (ii) in priority to present and future Equity Securities, Undated Junior Subordinated Obligations, Dated Junior Subordinated Obligations, prêts participatifs granted to, and titres participatifs issued by the Issuer, and (iii) behind subordinated Obligations expressed to rank senior to Ordinary Subordinated Obligations (including any Senior Subordinated Obligations) if any, and behind Unsubordinated Obligations.

Examples of Ordinary Subordinated Obligations in a sentence

• The obligations of the Guarantor under the Subordinated Guarantee constitute direct, unsecured and subordinated obligations of the Guarantor and rank and will rank pari passu among themselves and pari passu with all other present and future Parity Securities of the Guarantor but shall be subordinated to Ordinary Subordinated Obligations and to Unsubordinated Obligations of, or issued by, the Guarantor.

• The obligations of the Guarantor under this Deed of Guarantee constitute direct, unsecured and subordinated obligations of the Guarantor and rank and will rank pari passu among themselves and pari passu with all other present and future Parity Securities of the Guarantor but shall be subordinated to Ordinary Subordinated Obligations and to Unsubordinated Obligations of, or issued by, the Guarantor.

• As of the date of issue of the Notes, the Relevant Supervisory Authority is the Autorite´ de Controˆle des Assurances et des Mutuelles (ACAM).Unsubordinated Obligations means, in relation to the Issuer or any Relevant Affiliated Entity, any Obligations of such person which are unsubordinated and rank in priority to any Ordinary Subordinated Obligations of such person.

• Ordinary Subordinated Obligations means any Obligations of the Issuer which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and which rank and will at all times rank equally and rateably with any other existing or future Ordinary Subordinated Obligations but in priority to all present and future titres participatifs issued by the Issuer, prêts participatifs granted to the Issuer and Deeply Subordinated Obligations of the Issuer.

• In this study, we develop an explanation based on the evolution of the establishment size wage premium, which followed the opposite trajectory to the average establishment size.

More Definitions of Ordinary Subordinated Obligations

Ordinary Subordinated Obligations means any Obligations of the Issuer which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and which in an insolvency rank and will rank or are expressed to rank pari passu among themselves and pari passu with all other present and future Ordinary Subordinated Obligations, but in priority to prêts participatifs or any equivalent (to the extent existing) under Luxembourg law granted to, and titres participatifs or any equivalent (to the extent existing) under Luxembourg law issued by, the Issuer and in priority to any Parity Securities.

Ordinary Subordinated Obligations means any Obligations of the Issuer or the Guarantor, as the case may be, which constitute direct, unsecured and subordinated obligations of the Issuer or the Guarantor, as the case may be, and which in an insolvency rank and will rank, by their terms, by operation of law or otherwise, pari passu among themselves and pari passu with all other present and future Ordinary Subordinated Obligations, but in the case of the Issuer, in priority to prêts participatifs granted to the Issuer and in the case of the Issuer or the Guarantor, as the case may be, in priority to any Parity Securities.

Ordinary Subordinated Obligations means any Obligations (including any bonds or notes) of the Issuer which constitute direct, unsecured and subordinated obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves and equally and rateably with any other existing or future Ordinary Subordinated Obligations, but in priority to Undated Junior Subordinated Obligations, Dated Junior Subordinated Obligations, prêts participatifs granted to, and titres participatifs issued by, the Issuer, and behind Unsubordinated Obligations of the Issuer.

Ordinary Subordinated Obligations means any Obligations which constitute direct, unconditional, unsecured and subordinated Obligations of the Issuer and rank and will rank pari passu without any preference among themselves and pari passu with all other present or future Ordinary Subordinated Obligations, behind Unsubordinated Obligations but in priority to any prêts participatifs granted to the Issuer and Deeply Subordinated Obligations.

Ordinary Subordinated Obligations means any Obligations of a Person which constitute direct, unconditional, unsecured and subordinated obligations of such Person and which rank and will rank pari passu among themselves and pari passu with all other present and future Ordinary Subordinated Obligations, but in priority to prêts participatifs granted to, and titres participatifs issued by, such Person, Deeply Subordinated Obligations of such Person and any class of share capital or other equity securities issued by the Issuer.

Ordinary Subordinated Obligations means any Obligations of the Issuer which constitute direct, unsecured and subordinated obligations of the Issuer and which in an insolvency rank and will rank, by their terms, by operation of law or otherwise, pari passu among themselves and pari passu with all other present and future Ordinary Subordinated Obligations, but in priority to the Bonds and any Parity Securities.

Ordinary Subordinated Obligations means any present of future Obligations which constitute direct, unconditional, unsecured and subordinated Obligations of the Issuer and which rank and will rank equally and rateably with any other present or future Ordinary Subordinated Obligations of the Issuer, but senior to present and future Equity Securities, Deeply Subordinated Obligations, prêts participatifs granted to, and titres participatifs issued by the Issuer, and junior to all present and future Senior Subordinated Obligations and Unsubordinated Obligations of the Issuer.