Parity Notes definition

Parity Notes has the meaning ascribed to such term in Section 5.3;

Parity Notes means any class or series of Issuer indebtedness currently outstanding or hereafter created which ranks on a parity with the Notes (prior to any Automatic Conversion) as to distributions upon liquidation, dissolution or winding-up.

Parity Notes means any class or series of Company indebtedness currently outstanding or hereafter created which ranks on a parity with the Notes (prior to any Automatic Conversion) as to distributions upon liquidation, dissolution or winding-up, and includes the Company’s $750,000,000 6.00% Fixed-to-Floating Rate Subordinated Notes Series 2016-A due 2077, the Company’s $1,000,000,000 5.50% Fixed-to-Floating Rate Subordinated Notes Series 2017-A due 2077, the Company’s CAD$1,650,000,000 5.375% Fixed-to-Floating Rate Subordinated Notes Series 2017-B due 2077, the Company’s US$850,000,000 6.25% Fixed-to-Floating Rate Subordinated Notes Series 2018-A due 2078 and the Company’s CAD$750,000,000 6.625% Fixed-to-Floating Rate Subordinated Notes Series 2018-C due 2078.

Examples of Parity Notes in a sentence

• Upon the earlier of a Conversion Event or the Maturity Date, the Holder shall be paid all accrued and unpaid interest on this Note, in parity with all oustanding Parity Notes, either in cash if an election was made under Section 3(c), or through the issuance of Common Membership Interests if no election was made.

• Other than the Indebtedness represented by the Mortgage Notes, the 2000 Parity Notes and the 2001 Parity Notes, and the Indebtedness incurred hereunder and under the Working Capital and Acquisition Facility Credit Agreement, none of the Borrower and the Restricted Subsidiaries has any secured or unsecured Indebtedness outstanding as of the Closing Date.

• The Company shall maintain a register on which the Holders of the Note and all Parity Notes are recorded.

• No suit or other collection may be undertaken with respect to this Note unless all Holders of all Parity Notes are made parties to the suit or other action and the suit or other action is brought for the parity benefit of all such Holders.

• DEFINED TERM DEFINED IN SECTION Automatic Conversion 601 CDS 202 Conversion Time 601 DEFINED TERM DEFINED IN SECTION Deferred Interest 303 Deferral Period 303 Deferral Right 202 Dividend Restricted Shares 501 Maturity Date 301 Parity Notes 501 Permitted Purchase 501 SECTION 103.

More Definitions of Parity Notes

Parity Notes means all Parity Notes issued by the City from time to time pursuant to Section 7.3.

Parity Notes means any class or series of Emera indebtedness currently outstanding or hereafter created which ranks on a parity with the Notes (prior to any Automatic Conversion (as defined below)) as to distributions upon liquidation, dissolution or winding-up.

Parity Notes means any obligations of:

Parity Notes means $13.0 million in aggregate principal amount of the Company's 101/8% Series A Senior Subordinated Notes due 2008, issued under the Indenture.

Parity Notes means commercial paper notes or other obligations payable from or secured by Available Transportation System Revenues on a subordinate basis to the lien on Transportation System Revenues securing the Senior Lien Revenue Bonds.

Parity Notes means Plant Fund Capital Loan Notes payable solely from the Plant Fund Tax and Voted Tax Fund on an equal basis with the Notes herein authorized to be issued and the Prior Notes;

Parity Notes means the City’s Combined Utility Systems Tax-Exempt Program Notes.]