Examples of Senior Preferred Obligations in a sentence
For the avoidance of doubt, all unsubordinated debt securities issued by the Issuer prior to 11 December 2016 constitute Senior Preferred Obligations.
Subject to applicable law, in the event of the voluntary or judicial liquidation (liquidation amiable ou liquidation judiciaire) of the Issuer, bankruptcy proceedings or any other similar proceedings affecting the Issuer, the rights of Noteholders to payment under the Senior Non Preferred Notes rank: (A) junior to Senior Preferred Obligations; and (B) senior to Ordinarily Subordinated Obligations and any other present or future claims otherwise ranking junior to Senior Non Preferred Obligations.
Senior Preferred Obligations means any senior (chirographaires) obligations (including the Senior Preferred Notes) of, or other instruments issued by, the Issuer, which fall or are expressed to fall within the category of obligations described in article L.
Until recently, this has involved placing services within an independent trust, as has occurred in Doncaster and Slough, but has since broadened to encompass other models including inter authority arrangements.
For the avoidance of doubt, all Notes outstanding issued prior to the Effective Date or (ii) not specified in the applicable Final Terms as being Senior Non Preferred Notes (and issued prior to the Effective Date) constitute Senior Preferred Obligations from the Effective Date.