Senior Ranking Amendment Legislation definition

Senior Ranking Amendment Legislation means, if and as applicable, a Spanish law that expressly provides for the possibility that, upon the insolvency (concurso) of a Regulated Entity issuer of debt securities (i) the obligations under certain unsubordinated and unsecured liabilities (créditos ordinarios) (the “Statutory Second Ranking Senior Liabilities”) may rank below those of other unsubordinated and unsecured liabilities (créditos ordinarios) with higher priority ranking (the “Statutory Ordinary Senior Liabilities”), or (ii) different sub-classes within the unsubordinated and unsecured liabilities (créditos ordinarios) class are contractually agreed.
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Senior Ranking Amendment Legislation means, if and as applicable, a Spanish law that expressly provides for the possibility that, upon the insolvency (concurso) of a Regulated Entity issuer of debt securities
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Senior Ranking Amendment Legislation means a Danish piece of legislation expressly contemplating the possibility that upon the insolvency of a Regulated Entity issuer of debt securities (i) the obligations under certain unsubordinated and unsecured liabilities may rank below other unsubordinated and unsecured liabilities with higher priority ranking, or (ii) different sub-classes within the unsubordinated and unsecured liabilities class are contractually agreed;
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Examples of Senior Ranking Amendment Legislation in a sentence

  • Claims for principal in respect of the Notes are intended to constitute Statutory Second Ranking Senior Liabilities ranking below Statutory Ordinary Senior Liabilities pursuant to any Senior Ranking Amendment Legislation (to the extent permitted by such Senior Ranking Amendment Legislation) but ahead of claims in respect of present and future subordinated obligations (créditos subordinados) of Banco Santander.

  • You may obtain additional copies of these documents at your request, and at no cost, by calling toll free at 1(866) 998-8298; by writing to us at Harvest Portfolios Group Inc., 610 Chartwell Road, Suite 204, Oakville, Ontario, L6J 4A5; or by visiting our website at www.harvestportfolios.com; or on SEDAR at www.sedar.com.

  • By virtue of its subscription and/or purchase and holding of the Senior Non-Preferred Notes, each holder of Senior Non-Preferred Notes will be deemed to have irrevocably accepted the status of the Senior Non-Preferred Notes as Senior Non-Preferred Obligations of Nykredit Realkredit following the occurrence of a Senior Ranking Amendment Legislation Implementation.

  • By virtue of its subscription and/or purchase and holding of the Notes, each holder of Notes will be deemed to have irrevocably accepted the status of the Notes as Senior Non-Preferred Obligations of the Issuer as of the Senior Ranking Amendment Legislation Effective Date.

  • By virtue of its subscription and/or purchase and holding of the Non-Preferred Senior Notes, each holder of Non-Preferred Senior Notes will be deemed to have irrevocably accepted the status of the Non-Preferred Senior Notes as Non-Preferred Senior Obligations of the Issuer as of the Senior Ranking Amendment Legislation Effective Date.


More Definitions of Senior Ranking Amendment Legislation

Senior Ranking Amendment Legislation means, if and as applicable, a Spanish piece of legislation that expressly provides for the possibility that, upon the insolvency (concurso) of a Regulated Entity issuer of debt securities (i) the obligations under certain unsubordinated and unsecured liabilities (créditos ordinarios) (the “Statutory Second Ranking Senior Liabilities”) may rank below those of other unsubordinated and unsecured liabilities (créditos ordinarios) with higher priority ranking (the “Statutory Ordinary Senior Liabilities”), or (ii) different sub-classes within the unsubordinated and unsecured liabilities (créditos ordinarios) class are contractually agreed. Notwithstanding any other term of this Note or any other agreements, arrangements, or understandings between the Company and any Holder of the Floating Rate Notes, by its acquisition of this Note, each Holder (which, for the purposes of this clause, includes each holder of a beneficial interest in this Note) acknowledges, accepts, consents to and agrees to be bound by the exercise of any Bail-in Power by the Relevant Resolution Authority that may result in the write-down or cancellation of all or a portion of the Amounts Due on this Note and/or the conversion of all or a portion of the Amounts Due on this Note into shares or other securities or other obligations of the Company or another person, including by means of a variation to the terms of the Floating Rate Notes to give effect to the exercise by the Relevant Resolution Authority of such Bail-in Power. Each Holder of this further acknowledges and agrees that the rights of the Holders of the Floating Rate Notes are subject to—and will be varied, if necessary, so as to give effect to— the exercise of any Bail-in Power by the Relevant Resolution Authority:
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Senior Ranking Amendment Legislation means the Luxembourg law of 25 July 2018; “Statutory Ordinary Senior Liabilities” has the meaning given to it in Condition 2; “Statutory Second Ranking Senior Liabilities” has the meaning given to it in Condition 2; “Subordinated Obligations” has the meaning given to it in Condition 2;
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Senior Ranking Amendment Legislation means Section 20 of Bill no. 184 published before the Danish Parliament on 14 March 2018 (or, if such bill is withdrawn before being passed, any other piece of legislation), proposing amendments to the Danish Recovery and Resolution Act that expressly provides for the possibility that, upon the insolvency of a Regulated Entity issuer of debt securities, the obligations under certain unsubordinated and unsecured liabilities (the “Senior Non-Preferred Obligations”) may rank below other unsubordinated and unsecured liabilities with higher priority ranking;
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Senior Ranking Amendment Legislation means Section 20 of Bill no. 184 published before the Danish Parliament on 14 March 2018 and finally adopted on 29 May 2018, containing amendments to the Danish Recovery and Resolution Act to implement the changes to article 108 of BRRD set out in article 1 of Directive 2399/2017/EU that expressly provides for the possibility that, upon the insolvency of a Regulated Entity issuer of debt securities, the obligations under certain unsubordinated and unsecured liabilities (the “Senior Non-Preferred Obligations”) may rank below other unsubordinated and unsecured liabilities with higher priority ranking;
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Related to Senior Ranking Amendment Legislation

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Other Loans or Other Commitments being incurred or provided pursuant thereto, in accordance with Section 2.15.

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Security Documents means the Security Agreement, the Mortgages, the Intellectual Property Security Agreement, the Pledge Agreement, the Facility Guarantee, and each other security agreement or other instrument or document executed and delivered pursuant to this Agreement or any other Loan Document that creates a Lien in favor of the Collateral Agent to secure any of the Obligations.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Facility Agreement means an agreement or arrangement between a State Party and the Organization relating to a specific facility subject to on-site verification pursuant to Articles IV, V and VI.

  • Senior Secured Note Indenture means the Indenture dated as of November 5, 2009, among the Issuers, the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time;

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Senior Note Indenture the Indenture entered into by Holdings, the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Notes, together with all instruments and other agreements entered into by Holdings, the Borrower or such Subsidiaries in connection therewith.

  • Foreign Security Documents means the collective reference to the security agreements, debentures, pledge agreements, charges and other similar documents and agreements pursuant to which any Grantor purports to pledge or grant a security interest in any property or assets located outside of the United States (including any Pledged Equity Interests of any Issuer organized under a jurisdiction other than the United States or any state or locality thereof securing the Secured Obligations).

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • ABL Security Documents means any agreement, document or instrument pursuant to which a Lien is granted securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed.