Preferred Obligations definition

Preferred Obligations means all obligations of the Borrower, the Co-Obligors, or any of them, to any of the Finance Parties whether now existing or arising in the future and whether fixed, prospective or contingent under or in respect of any of the Finance Documents whether for principal outstanding, interest, fees, costs, expenses, indemnities or otherwise.
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Preferred Obligations all of the obligations of Borrower to Parent and Parent to Junior Subordinated Lenders under the Preferred Dividend Instruments and all other amounts now or hereafter owed by Borrower to Parent and by Parent to Junior Subordinated Lenders, in their capacity as owners of the Preferred Stock.
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Preferred Obligations means the 7-3/4% Trust Convertible Preferred Securities of Kmart Financing I, a Delaware Statutory business trust and Debtor.
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Examples of Preferred Obligations in a sentence

  • In the event that the Class of Prepetition Notes rejects the Plan, holders of Trust Preferred Obligations shall not receive or retain any property or interest in property on account of such Obligations under the Plan.

  • To the extent permitted by applicable law, the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article 13 with respect to any claims of creditors of Senior Preferred Obligations which may at any time be held by it, to the same extent as any other creditor of Senior Preferred Obligations, and nothing in this Indenture or the Trust Indenture Act shall deprive the Trustee of any of its rights as such holder.

  • Senior Preferred Obligations means any obligations of the Issuer with respect to any ordinary claims (créditos ordinarios) against the Issuer, other than the Senior Non-Preferred Obligations.

  • Pursuant to Section 46f (5)-(7) of the KWG, certain unsecured and unsubordinated debt instruments of the Issuer (hereinafter referred to as "Unsubordinated Non-Preferred Obligations") rank below the Issuer's other senior liabilities (hereinafter referred to as "Unsubordinated Preferred Obligations") in insolvency or in the event of the imposition of resolution measures, such as the Bail-in Tool, affecting the Issuer.

  • A Subordinated Noteholder may therefore recover less than the holders of deposit liabilities or the holders of other unsubordinated (including Statutory Senior Non- Preferred Obligations such as the Senior Non-Preferred Notes) or subordinated liabilities of the Issuer.

  • Make or permit any amendment or modification to any indenture, note or other agreements evidencing or governing any Qualifying Trust Preferred Obligations, or if any Default or Event of Default has occurred and is continuing or would arise as a result thereof, directly or indirectly pay, prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire any Qualifying Trust Preferred Obligations.

  • The execution of this Agreement, shall not constitute any type of novation, amendment or payment of the Preferred Obligations.

  • The Settlors expressly reserve themselves the right or reversion in order for all the assets and rights, present or future, conveyed by each one of the Settlors or to those who legally would have the right and that are part of the Trust Estate in the moment in which all the Preferred Obligations had been paid, are returned to the Trustee, in accordance to the instructions of the Representative of the Settlors.

  • In addition, Senior Non-Preferred Notes rank behind any other ordinary claims (créditos ordinarios) against the Issuer, including without limitation, the Issuer's Senior Preferred Obligations.

  • Consider recommending adoption of an ordinance of the City of Denton, Texas to declare the intent to reimburse capital program expenditures of the Electric Utility ($37,649,374), Solid Waste ($3,120,000), Water ($2,421,800), Wastewater ($11,360,000), and General Government ($36,331,000) with Tax- Preferred Obligations (Certificates of Obligation and General Obligation Bonds) with an aggregate maximum principal amount not to exceed $90,882,174; and providing an effective date.


More Definitions of Preferred Obligations

Preferred Obligations means the claims of all current and future creditors of the Company within the meaning of Section 39 para. 1 no. 1 to 5 of the German Insolvency Code (Insolvenzordnung). Restriction on new Restricted Indebtedness under the USV MS Convertible BondsAs long as any amounts of principal or interest remain outstanding under the USV MS Convertible Bonds, the Company will not incur any New Restricted Indebtedness without the prior consent of each of USV MS A and USV MS B.
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Preferred Obligations means (a) the stated value of all outstanding shares of preferred stock of the Company or any of its Subsidiaries (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares), plus (b) all accrued and unpaid dividends on such shares.
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Preferred Obligations means all amounts due to the holders of the outstanding shares of the Maker’s Series A-1 Redeemable Preferred Stock, Series A-2 Redeemable Preferred Stock, and 12% Cumulative Exchangeable Preferred Stock (or any securities redeemable or exchangeable for any of the foregoing) upon a Change of Control, upon the voluntary or involuntary liquidation, dissolution or winding up of the affairs of Maker, or otherwise.
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Preferred Obligations means all outstanding liabilities and/or payment obligations of the Company in respect of any Preferred Units issued in accordance with the provisions of this Agreement.
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Preferred Obligations means the claims of all current and future creditors of the Company within the meaning of Section 39 para. 1 no. 1 to 5 of the German Insolvency Code (Insolvenzordnung).
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Related to Preferred Obligations

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.

  • Secured Obligations shall have the meaning assigned in Section 3.1.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Subordinated Obligations has the meaning specified in Section 7.05.

  • Parity Obligation means any instrument or other obligation issued or entered into by the Issuer that constitutes or qualifies as Additional Tier 1 Capital (or its equivalent) under applicable Capital Regulations or any instrument or other obligation issued, entered into, or guaranteed by the Issuer that ranks or is expressed to rank pari passu with the Capital Securities by operation of law or contract, which for the avoidance of doubt, excludes any Junior Obligations of the Issuer.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Guarantor Subordinated Obligation means, with respect to a Guarantor, any Indebtedness of such Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Guarantor under its Note Guarantee pursuant to a written agreement.