Parity Guarantees definition

Parity Guarantees has the meaning provided in Section 6.2(c) hereof.

Parity Guarantees has the meaning provided in Section 6.1(c) hereof.

Parity Guarantees means guarantees that rank, upon liquidation, pari passu with the Debentures.

Examples of Parity Guarantees in a sentence

• We may elect, and under certain circumstances we may be required, to defer payments on the ING Perpetual Debt Securities for any period of time, subject to, other than upon the occurrence of a Regulatory Notification, suspension of payments on our Junior Securities, Parity Securities, Junior Guarantees or Parity Guarantees.

• In lieu of the financial report, the Supervisor is hereby authorized to submit to the Town Clerk, within 90 days after the close of the fiscal year, a copy of the annual update document (AUD) to the State Comptroller, and that the Town Clerk shall cause a summary thereof to be published in accordance with the law (Town Law Section 29(10-a)).

• The Capital Securities will constitute direct, unsecured subordinated obligations of the Company, subject to the Solvency Conditions, and the subordination provisions described herein and in the Indenture, and will rank pari passu with respect to each other and any other Parity Securities or Parity Guarantees and in priority to any Junior Securities or Junior Guarantees.

• This Contingent Guarantee will constitute an unsecured obligation of the Guarantor and will rank (i) subordinate and junior in right of payment to indebtedness of the Guarantor (other than any guarantee or contractual right expressed to rank pari passu with or junior to this Contingent Guarantee), (ii) pari passu with the Guarantor's obligations under the Parity Guarantees, and (iii) senior to the Ordinary Shares.

• Additional Risk Factors in relation to the Capital Securities The Issuer may defer payments on the Capital Securities for any period of time Unless a Mandatory Payment Event occurs, the Issuer may elect to defer payments on the Capital Securities for any period of time, subject to the suspension of payments on the Issuer’s Junior Securities, Parity Securities, Junior Guarantees and Parity Guarantees.

More Definitions of Parity Guarantees

Parity Guarantees means any guarantees, indemnities or other contractual support arrangements we enter into with respect to securities issued by any of our subsidiaries or Undertakings which effectively from a financial point of view

Parity Guarantees has the meaning set forth in Section 2.03(c) hereof.

Parity Guarantees has the meaning set forth in Section 2.01(i)(ix).

Parity Guarantees means the guarantees provided by the Issuer in respect of (i) the 8.03% Non-cumulative Step-up Perpetual Preferred Securities issued by HSBC Capital Funding (Euro 1) LP, (ii) the 9.547% (Series 1) and the 10.176% (Series 2) Non-cumulative Step-up Perpetual Preferred Securities issued by HSBC Capital Funding (Dollar 1) LP, (iii) the 4.61% Non-cumulative Step-up Perpetual Preferred Securities issued by HSBC Capital Funding (Dollar 2) LP, (iv) the 5.3687% Non-cumulative Step-up Perpetual Preferred Securities issued by HSBC Capital Funding (Euro 2) LP, and (v) the 5.13% Non-cumulative Step-up Perpetual Preferred Securities issued by HSBC Capital Funding (Euro 3) LP.

Parity Guarantees has the meaning specified in Section 13.1.

Parity Guarantees 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 5.775% Fixed/Floating ING Perpetual Debt Securities as regards any such distribution or payment or (b) rank pari passu as expressed by such 5.775% Fixed/Floating ING Perpetual Debt Securities’ own terms with the 5.775% Fixed/Floating ING Perpetual Debt Securities. Parity Guarantees include the Company’s guarantees (collectively the “Trust Preferred Securities Guarantees”) of the 8.439% Non-cumulative Guaranteed Trust Preferred Securities issued by ING Capital Funding Trust III.

Parity Guarantees shall have the meaning specified in Section 3.01(b)(iii).