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.
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 obligations, whether in the form of notes or otherwise, the principal, interest and other amounts due thereof which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and rank and will rank or are expressed to rank pari passu without any preference among themselves and with all other present or future ordinary subordinated obligations, behind Unsubordinated Obligations but in priority
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.