Pari Passu Creditors means creditors of the Issuer whose claims rank, or are expressed to rank pari passu with, the claims of the Noteholders including holders of Pari Passu Securities;

Pari Passu Creditors means the lenders or other creditors in respect of any Pari Passu Debt and the Pari Passu Debt Representative(s).

Pari Passu Creditors means creditors of the Issuer whose claims rank, or are expressed to rank, pari passu

Examples of Pari Passu Creditors in a sentence

We further refer to clause 22.3 (Change of Senior Lender, Pari Passu Creditors, Second Lien Lender and Noteholders) of the Intercreditor Agreement.
Prior to the Final Discharge Date, the Intra-Group Lenders may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Intra-Group Liabilities unless the prior consent of the Majority Super Senior Creditors and the Required Pari Passu Creditors is obtained.
Required Pari Passu Creditors may (after having consulted with the Parent), by notice to the Common Security Agent, require it to resign in accordance with paragraph (b) above.
Tier III Pari Passu Creditors (as defined below) will be satisfied together and pro rata with the holders of the Tier III Subordinated Notes, without any preference or priority.
For the purposes of this Condition 3(f), the Issuer will be “solvent” if (i) it is able to pay its debts owed to Senior Creditors and Pari Passu Creditors as they fall due and (ii) its Assets exceed its Liabilities.

More Definitions of Pari Passu Creditors

Pari Passu Creditors means creditors in respect of securities or other obligations of the Issuer which, by their terms, rank or are expressed to rank pari passu with the Notes in a winding-up, liquidation or other return of capital prior to the occurrence of a Trigger Event (including, without limitation, shares of any class which may be issued or deemed to be in issue for the time being in the capital of the Issuer which, by their terms, rank or are expressed to rank pari passu with the Notional Preference Shares in a winding- up, liquidation or other return of capital).

Pari Passu Creditors means any Hedge Counterparty (other than any Super Senior Hedge Counterparty), the Bondholders, Bond Trustee, the bondholders under OKEA04 and any Permitted Additional Secured Bond Issues and the bond trustee in respect thereof.

Pari Passu Creditors means the Bondholders, the Bond Trustee and each other creditor which pursuant to section "Ranking and priority" above shall rank (a) in right and priority of payment and (b) in respect of any Guarantee and Transaction Security pari passu with the Bondholders and the Bond Trustee and without any preference between them.

Pari Passu Creditors means, collectively, (i) all Purchasers and (ii) all Other Pari Passu Creditors.

Pari Passu Creditors is defined in the Preamble and includes their successors and assigneds.

Pari Passu Creditors means the creditors in respect of any Parity Obligations. Prior Approval of the Relevant Supervisory Authority means in respect of any proposed act on the part of the Issuer, the prior written approval or consent of, or notification to the Relevant Supervisory Authority, if such approval, notification or consent is required at the time under any Applicable Regulations or an official application or interpretation thereof. Reinsurance Undertaking has the meaning given to such term in article 13 of the Solvency II Directive. Solvency II Directive means Directive No 2009/138/EC of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) including, where applicable, the implementing measures thereunder, as the same may be amended from time to time.