Parity Creditors means creditors of Intesa Sanpaolo (including, without limitation, the Subordinated Noteholders, and the Subordinated Couponholders) whose claims against Intesa Sanpaolo are, or are expressed to be, subordinated in the event of the winding up of Intesa Sanpaolo in any manner to the claims of any unsecured and unsubordinated creditor of Intesa Sanpaolo, but excluding those subordinated creditors of Intesa Sanpaolo (if any) whose claims rank, or are expressed to rank, junior or senior to the claims of the Subordinated Noteholders and Subordinated Couponholders and/or to the claims of any other creditors of Intesa Sanpaolo whose claims rank, or are expressed to rank, pari passu with the claims of the Subordinated Noteholders and Subordinated Couponholders or with whose claims the claims of the Subordinated Noteholders and Subordinated Couponholders rank, or are expressed to rank, pari passu.
Parity Creditors means creditors of the Issuer (including, without limitation, the Noteholders and the Couponholders of Subordinated Notes or Coupons) whose claims against the Issuer are, or are expressed to be, subordinated in the event of the winding up of the Issuer in any manner to the claims of any unsecured and unsubordinated creditor of the Issuer, but excluding those subordinated creditors of the Issuer (if any) whose claims rank, or are expressed to rank, junior or senior to the claims of the Noteholders and the Couponholders of Subordinated Notes or Coupons and/or to the claims of any other creditors of the Issuer whose claims rank, or are expressed to rank, pari passu with the claims of the Noteholders and the Couponholders of Subordinated Notes or Coupons or with whose claims the claims of the Noteholders and the Couponholders of Subordinated Notes or Coupons rank, or are expressed to rank, pari passu.
Parity Creditors means creditors of the Issuer who are holders of the $2,250,000,000 5.125% Subordinated Tier 2 Notes due 2024 (ISIN US780099CH81), the $750,000,000 Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 2029 (ISIN US780097BM20), the £1,000,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 14 August 2030 (ISIN XS2172960481), £1,000,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 28 November 2031 (ISIN XS2346516250), €750,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 14 September 2032 (ISIN XS2382950330) and the $850,000,000 Fixed-to- Fixed Reset Rate Subordinated Tier 2 Notes due 2035 (ISIN US639057AB46), and in each case any other obligations of the Issuer which rank or are expressed to rank pari passu with any of such obligations;
Examples of Parity Creditors in a sentence
In the event of compulsory winding-up (liquidazione coatta amministrativa) pursuant to Articles 80 and following of the Consolidated Banking Act or voluntary winding-up (liquidazione volontaria) in accordance with Article 96-quinquies of the Consolidated Banking Act, the payment obligations of the Issuer in respect of principal and interest under the Subordinated Notes will be subordinated to the claims of the Senior Creditors (as defined below) and will rank pari passu with Parity Creditors.
For these purposes, the Guarantor will be “solvent” if (i) it is able to pay its debts owed to Senior Creditors and Parity Creditors as they fall due and (ii) its Assets exceed its Liabilities.
Parity Creditors and Covenants 37 ARTICLE VI NEGATIVE COVENANTS AND COVENANTS ANCILLARY THERETO Section 6.01.
Parity Creditors and Covenants 36 ARTICLE VI NEGATIVE COVENANTS AND COVENANTS ANCILLARY THERETO Section 6.01.
When calculating seismic responses of seismic Category 1I structures, dynamic analysis (response spectrum analysis method or time history analysis method) should be performed.
More Definitions of Parity Creditors
Parity Creditors means creditors of the Company who are holders of any Tier 2 Capital issued by the Company, and in each case any other obligations of the Company which rank or are expressed to rank pari passu with any of such obligations.
Parity Creditors means creditors of the Issuer in respect of subordinated obligations (including guarantee credit support or similar obligations) of the Issuer which by law rank, or by their terms are expressed to rank, pari passu with the claims of Tier 2 Noteholders and/or Tier 2 Couponholders;
Parity Creditors means creditors of the Issuer who are holders of the $2,250,000,000 5.125% Subordinated Tier 2 Notes due 2024 (US780099CH81), the €1,000,000,000 3.625 per cent. Subordinated Tier 2 Notes due 25 March 2024 (XS1049037200) and the $750,000,000 Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 2029 (US780097BM20), and in each case any other obligations of the Issuer which rank or are expressed to rank pari passu with any of such obligations;
Parity Creditors means creditors of the Issuer who are holders of the $2,250,000,000 5.125% Subordinated Tier 2 Notes due 2024 (ISIN US780099CH81), the $750,000,000 Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 2029 (ISIN US780097BM20), the £1,000,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 14 August 2030 (ISIN XS2172960481), £1,000,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 28 November 2031 (ISIN XS2346516250 0,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 14 September 2032 (ISIN XS2382950330) and the $850,000,000 Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 2035 (ISIN US639057AB46), and in each case any other obligations of the Issuer which rank or are expressed to rank pari passu with any of such obligations; "secondary non-preferential debts" shall have the meaning given to it in the Banks and Building Societies (Priorities on Insolvency) Order 2018 and any other law or regulation applicable to the Issuer which is amended by such Order, as each may be amended or replaced from time to time; and
Parity Creditors means creditors of the Guarantor whose claims (including claims in respect of any guarantee given by the Guarantor) rank, or are expressed to rank, pari passu with the claims of the Noteholders (or the Trustee on their behalf) under the Guarantee, including holders of Parity Obligations;
Parity Creditors means creditors of the Guarantor whose claims rank, or are expressed to rank, pari passuwith the claims of the Noteholders including holders of Parity Obligations; “Parity Obligations” has the meaning given in Condition 4(b);
Parity Creditors means creditors of the Issuer who are holders of the $2,250,000,000 5.125% Subordinated Tier 2 Notes due 2024 (ISIN US780099CH81), the $750,000,000 Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 2029 (ISIN US780097BM20), the £1,000,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 14 August 2030 (ISIN XS2172960481), £1,000,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 28 November 2031 (ISIN XS2346516250), €750,000,000 Fixed-to-Fixed Rate Reset Tier 2 Notes due 14 September 2032 (ISIN XS2382950330), the $850,000,000 Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 2035 (ISIN US639057AB46), the $2,250,000,000 6.125% Subordinated Tier 2 Notes due 2022 (ISIN US780099CE50), the $1,000,000,000 6.100% Subordinated Tier 2 Notes due 2023 (ISIN US780097AY76 and the $2,000,000,000 6.000% Subordinated Tier 2 Notes due 2023 (ISIN US780097AZ42) and in each case any other obligations of the Issuer which rank or are expressed to rank pari passu with any of such obligations; "secondary non-preferential debts" shall have the meaning given to it in the Banks and Building Societies (Priorities on Insolvency) Order 2018 and any other law or regulation applicable to the Issuer which is amended by such Order, as each may be amended or replaced from time to time; and