Ranking Legislation definition

Ranking Legislation means the Order and any law or regulation applicable to the Issuer which is amended by the Order;

Ranking Legislation means the Companies Act, the Bank Recovery and Resolution Regulations and any other law or regulation designating or affecting the relative ranking of creditors upon a winding-up or insolvency of the Issuer, in each case as may be applicable to the Issuer. Subordinated Debts means liabilities in respect of the items listed in subparagraphs (a) to (d) of Regulation 87(1) of the 2015 Regulations (including, without limitation, claims in respect of obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 instruments), which are subordinated in the manner set out in section 1428A(1)(d) of the Companies Act.

Ranking Legislation means the Companies Act, the Bank Recovery and Resolution Regulations and any other law or regulation designating or affecting the relative ranking of creditors upon a winding-up or insolvency of the Issuer, in each case as may be applicable to the Issuer;

Examples of Ranking Legislation in a sentence

• Accordingly, subject to the Ranking Legislation (as defined below), the Notes form part of the class of Ordinary Unsecured Debts of the Issuer under the Ranking Legislation.

• The Subordinated Notes and any relative Coupons are direct and unsecured obligations of the Issuer and constitute tertiary non-preferential debt for the purposes of the Ranking Legislation.

• The Senior Non-Preferred Notes and any relative Coupons are direct and unsecured obligations of the Issuer and constitute secondary non-preferential debt for the purposes of the Ranking Legislation.

• Subject to the Ranking Legislation, the Subordinated Notes and any relative Coupons rank junior to the Senior Non-Preferred Notes and any relative Coupons.

• The Senior Preferred Notes and the relative Coupons are direct, unconditional, unsubordinated and (subject to the provisions of Condition 3) unsecured obligations of the Issuer and (subject to the provisions of Condition 3) constitute ordinary non-preferential debt for the purposes of the Ranking Legislation.

More Definitions of Ranking Legislation

Ranking Legislation means the Insolvency Act, the Hierarchy Order and, if and to the extent applicable to the Issuer, any other law or regulation which is amended by the Hierarchy Order;

Ranking Legislation means the Insolvency Act 1986, as amended (including by the Order) and any other law or regulation applicable to the Issuer which is amended by the Order;

Ranking Legislation means the Order and any other law or regulation applicable to the Company which is amended by the Order.

Ranking Legislation means the Insolvency Act, the Hierarchy Order and, if and to the extent applicable to the Issuer, any other law or regulation which is amended by the Hierarchy Order. “Secondary Non-Preferential Debts” means ‘secondary non-preferential debts’ as defined in Section 387A(3)(b) of the Insolvency Act (or, as the case may be, in the relevant section of any other Ranking Legislation).

Ranking Legislation means (i) Companies Law, Cap.113 (as amended), (ii) Business of Credit Institutions Law,

Ranking Legislation means (i) Companies Law, Cap.113 (as amended), (ii) Business of Credit Institutions Law, (iii) Resolution of Credit Institutions and Investment Firms Law, Law 22(I)/2016 (as amended), (iv) Regulation (EU) 806/2014, and (v) any other law or regulation designating or affecting the relative ranking of creditors upon a winding-up or insolvency of the Issuer, in each case as may be applicable to the Issuer from time to time;

Ranking Legislation means (i) the Act (ii) the Insolvency Act and (iii) any other law or regulation from time to time which is applicable to the Issuer and relevant for determining the rights of members and creditors of the Issuer in a winding up or dissolution of the Issuer;