Senior Creditors of the Issuer definition

Senior Creditors of the Issuer. ’ means creditors of the Issuer (a) who are unsubordinated creditors of the Issuer, or (b) who are subordinated creditors of the Issuer whose claims are expressed to rank in priority to the claims of the holders of Dated Subordinated Notes (whether only in the winding up of the Issuer or otherwise).

Senior Creditors of the Issuer means (a) creditors of the Issuer whose claims are admitted to proof in the winding-up of the Issuer and who are unsubordinated creditors of the Issuer and (b) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims relate to obligations which constitute, or would, but for any applicable limitation on the amount of such capital, constitute Tier 1 Instruments or Tier 2 Instruments of the Issuer, or whose claims otherwise rank or are expressed to rank pari passu with, or junior to, the claims of holders of the Subordinated Notes);

Senior Creditors of the Issuer means creditors of the Issuer (a) who are unsubordinated creditors of the Issuer, or (b) who are subordinated creditors of the Issuer whose claims are

Examples of Senior Creditors of the Issuer in a sentence

• The rights and claims of the Holders under the Securities are subordinated to the claims of Senior Creditors of the Issuer, present and future.

• The rights of the holders of Subordinated Notes against the Issuer are subordinated in right of payment to the claims of all Senior Creditors of the Issuer.

• The Subordinated Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any claims of Senior Creditors of the Issuer, if any, as the case may be, which may at any time be held by it, to the same extent as any other Senior Creditors of the Issuer, if any, as the case may be, and nothing in this Subordinated Indenture shall deprive the Subordinated Trustee of any of its rights as such holder.

• The provisions of this Article Thirteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities of each series on the one hand and the Senior Creditors of the Issuer on the other hand.

• In particular, on the winding- up or administration of the Issuer, the Capital Securities shall rank junior to the claims of all Senior Creditors of the Issuer and any notional class of preference shares in the capital of the Issuer by reference to which the amount payable in respect of any Junior Subordinated Debt in a winding-up or administration of the Issuer is determined.

More Definitions of Senior Creditors of the Issuer

Senior Creditors of the Issuer means (a) unsubordinated creditors of the Issuer and (b) subordinated creditors of the Issuer, other than those whose claims constitute (or relate to a guarantee or other like or similar undertaking or arrangement given by the Issuer in respect of any obligation of any other person which constitute), or would but for any applicable limitation on the amount of any such capital, constitute Tier 1

Senior Creditors of the Issuer has the meaning ascribed thereto in Condition 2(d);

Senior Creditors of the Issuer means all unsubordinated creditors of the Issuer.

Senior Creditors of the Issuer. (to Senior Non-Preferred Notes)” means creditors of the Issuer whose claims rank or are expressed to rank in priority to the claims of the holders of any Senior Non-Preferred Notes, including (without limitation) any Senior Creditors of the Issuer (to Senior Preferred) and the holders of any Senior Preferred Liquidity Notes and Senior Preferred Notes.

Senior Creditors of the Issuer. ’ means (a) creditors of the Issuer who are unsubordinated creditors of the Issuer and (b) other creditors of the Issuer whose claims are, or are expressed to be, subordinated to the claims of other creditors of the Issuer (other than those whose claims constitute (or relate to a guarantee or other like or similar undertaking or arrangement given by the Issuer in respect of any obligation of any other person which constitute), or would but for any applicable limitation on the amount of any such capital, constitute Tier 1 Capital, Upper Tier 2 Capital (issued prior to Solvency II Implementation), Lower Tier 2 Capital (issued prior to Solvency II Implementation), or Tier 2 Capital (issued on or after Solvency II Implementation) or whose claims otherwise rank, or are expressed to rank, pari passu with, or junior to, the claims of the Noteholders);

Senior Creditors of the Issuer means creditors of the Issuer who (A) are depositors of the Issuer or other unsubordinated creditors of the Issuer, or (B) are subordinated creditors of the Issuer other than (x) in the case of Dated Subordinated Notes, those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the holders of the Dated Subordinated Notes and (y) in the case of Undated Subordinated Notes, Other Pari Passu Claims (as defined on Condition 2(d) of the Terms and Conditions).

Senior Creditors of the Issuer means creditors of the Issuer who (A) are depositors of the Issuer or other unsubordinated creditors of the Issuer, or (B) are subordinated creditors of the Issuer other than