Examples of Senior Guarantee in a sentence
The payment obligations of the Issuer under the Senior Notes and the Coupons relating to them and of the Guarantor under the Senior Guarantee shall, save for such exceptions as may be provided by applicable legislation and subject to Condition 4, at all times rank at least equally with all other outstanding, present and future, unsecured and unsubordinated obligations of the Issuer and the Guarantor respectively.
The obligations of the Guarantor under the Senior Guarantee (as defined in the Trust Deed) are contained in the Trust Deed.
References in Condition 10.1 to obligations under the Senior Notes shall be deemed to include obligations under the Deed Poll and, where the Deed Poll contains a Senior Guarantee, the events listed in Conditions 10.1(a) and 10.1(b) shall be deemed to include such Senior Guarantee not being (or being claimed by the Guarantor not to be) in full force and effect.
The payment obligations of the Guarantor under the Senior Guarantee and the Trust Deed constitute direct, unconditional, unsubordinated and unsecured obligations of the Guarantor and shall rank pari passu with all other unsecured obligations (other than subordinated obligations and priorities created by law) of the Guarantor.
In relation to each Series of Senior Guaranteed Notes and the Receipts and Coupons relating to them, claims in respect of the Senior Guarantee rank, at the date of issue of such Notes, pari passu with all other present and future unsecured and unsubordinated obligations of DSB other than any such obligations as are preferred by provisions of law that are both mandatory and of general application.