Parity Guarantee means any guarantee issued by the Guarantor from time to time of any equity preferred or preference shares issued by any subsidiary of the Guarantor from time to time, if such guarantee ranks pari passu with the Guarantor's obligations under this Guarantee.
Parity Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by the Issuer in respect of securities (regardless of name or designation) issued by a Subsidiary or an Undertaking or other securities (regardless of name or designation) of the Issuer or such Subsidiary or Undertaking which rank on a winding-up (faillissement of vereffening na ontbinding) of the Issuer or in respect of distributions or payments thereon pari passu with the Securities;
Parity Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by the Issuer or the Guarantor, as applicable, in respect of securities (regardless of name or designation) issued by a Subsidiary or an Undertaking which rank pari passu with the Step-Up Fixed-Floating Securities on a winding-up (faillissement of vereffening na ontbinding) of the Issuer or the Guarantor, as applicable, or in respect of distributions or payment of dividends or any other payments thereon, excluding however (i) the Comparable Floating Securities and the Comparable Fixed Securities proposed to be issued by the Issuer simultaneously with the Step-Up Fixed-Floating Securities and (ii) the €400,000,000 Floating Rate Noncumulative Guaranteed Trust Capital Securities (ISIN: USU3456R1006) issued by Fortis Floating Rate Capital Funding Trust, the €200,000,000 Fixed Rate Annual Noncumulative Guaranteed Trust Capital Securities (ISIN: USU3456N1091) issued by Fortis Fixed Rate Capital Funding Trust and the €50,000,000 Fortis Fixed Rate Quarterly Noncumulative Guaranteed Trust Capital Securities (ISIN: USU3456P1040) issued by Fortis Fixed Rate Quarterly Capital Funding Trust and the underlying Capital B Securities issued by Fortis Capital Funding LP, all of which securities have been guaranteed by the Guarantor;
Examples of Parity Guarantee in a sentence
If, upon any such winding-up, liquidation or bankruptcy, the assets available for repayment are insufficient to pay in full the amounts payable with respect to the Notes and any other Parity Instruments and/or Parity Guarantee, the Noteholder and the holders of such Parity Instruments and Parity Guarantee will share rateably in any such distribution of surplus assets of the Issuer in proportion to the full respective amounts to which they are entitled.
As part of the Availability Parity Guarantee, you will ensure that We will at all times have “last room availability” (“LRA”).
More Definitions of Parity Guarantee
Parity Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by the Company of securities (regardless of name or designation) issued by a Subsidiary or Undertaking that ranks in the Company’s Winding Up or in respect of distributions or payments of dividends and/or any other amounts thereunder by the Company pari passu with the ING Perpetual Hybrid Capital Securities. Parity Guarantee includes the Company’s guarantees of the 8.439% Non-cumulative Guaranteed Trust Preferred Securities issued by ING Capital Funding Trust III on December 15, 2000.
Parity Guarantee. ’ means any guarantee, indemnity or other contractual support arrangement we enter into with respect to securities (regardless of name or designation) issued by any of our subsidiaries or Undertakings that rank on our winding-up (faillissement or vereffening na ontbinding) or in respect of distributions or payments thereon equally with the Capital Securities.
Parity Guarantee means any guarantee, indemnity or other contractual support arrangements of the Company of securities of any Subsidiary or Undertaking, under which the holder of such securities as the party who has the benefit of any such guarantee, indemnity or other contractual support agreement is entitled, effectively from a financial point of view, to distributions on a return of assets or on a liquidation, moratorium of payments or bankruptcy of the Company or to distributions or payments of dividends and/or any other amounts thereunder by the Company, to the same extent as the most senior class of preference shares and which (a) are expressed to be similarly subordinated to Senior Debt as, and accordingly rank pari passu with, the 6.20% ING Perpetual Debt Securities as regards any such distribution or payment or (b) rank pari passu as expressed by such 6.20% ING Perpetual Debt Securities' own terms with the 6.20% ING Perpetual Debt Securities. Parity Guarantee includes the Company's guarantees (collectively the "TRUST PREFERRED SECURITIES GUARANTEES") of the: - 7.70% Non-cumulative Guaranteed Trust Preferred Securities issued by ING Capital Funding Trust I; - 9.20% Non-cumulative Guaranteed Trust Preferred Securities issued by ING Capital Funding Trust II; and
Parity Guarantee has the meaning specified in Section 6.7(d) hereof.
Parity Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by the Issuer in respect of securities or instruments (regardless of name or designation) issued, or entered into, by a Subsidiary which are akin to capital loans (pääomalaina) of the Issuer under the Act and ranking, in respect of the right to receive periodic payments or the right to receive repayment of capital on a winding-up, liquidation or bankruptcy, voluntary or otherwise, of the Issuer or in respect of any other payments thereon, pari passu with the Notes. “Parity Instrument” means any subordinated and undated instrument (debt or any other non-equity instrument) of the Issuer, which qualify as capital loan (pääomalaina) under the Act, and rank pari passu, as to either interest or other payments or on a winding- up, liquidation or bankruptcy, voluntary or otherwise, with the Notes.
Parity Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by the Issuer or the Guarantor, as applicable, in respect of securities (regardless of name or designation) issued by a Subsidiary or an Undertaking which rank pari passu with the Comparable Floating Securities on a winding-up (faillissement of vereffening na ontbinding) of the Issuer or the Guarantor, as applicable, or in respect of distributions or payment of dividends or any other payments thereon, excluding however the Step-Up Fixed-Floating Securities and the Non Step-Up Fixed Securities, which securities will be guaranteed by the Guarantor;
Parity Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by us in respect of securities (regardless of name or designation) issued by a Subsidiary or an Undertaking that ranks in our Winding Up or in respect of distributions or payments of dividends or any other payments thereunder by us pari passu with the Securities and includes our guarantees of the 8.439% Noncumulative Guaranteed Trust Preferred Securities issued by ING Capital Funding Trust III on December 15, 2000.