Status of Notes definition

Status of Notes. The obligations of each Issuer under the Notes will constitute direct, unconditional, unsubordinated or, with respect to Notes issued by NATIXIS, senior preferred (within the meaning of Article L.613-30-3- I 3° of the French Monetary and Financial Code) and (subject to the Terms and Conditions of the Notes) unsecured obligations of such Issuer, and shall at all times rank pari passu without any preference among themselves, all as described in Condition 3 (Status). Pursuant to the exercise of the bail-in power by the relevant resolution authority of the Issuer, the outstanding amounts of the Notes may be reduced (in whole or in part), converted into equity (in whole or in part) or cancelled and/or the maturity of the Notes or the amount of interest or the date on which interest becomes payable may be amended.
Sample 1Sample 2
Status of Notes. The Notes will constitute unsecured and unsubordinated obligations of the Issuer, all as described in ‘‘Terms and Conditions of the Notes – 3. Status’’. Financial Covenants and Information Undertakings: See ‘‘Terms and Conditions of the Notes – 5. Financial Covenants’’. Negative Pledge: See ‘‘Terms and Conditions of the Notes – 4. Negative Pledge’’. Cross Default: See ‘‘Terms and Conditions of the Notes – 11. Events of Default and Put Events’’. Ratings: The Issuer has been rated BBB-/F3 by Fitch Ratings Limited, BBB-/A-3 by Standard & Poor’s Rating Services and Baa2/Prime-2 by Xxxxx’x Investors Service. Tranches of Notes will be rated or unrated. Where a Tranche of Notes is to be rated, such rating will be specified in the relevant Final Terms. A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency.
Sample 1
Status of Notes. The obligations of each Issuer under the Notes will constitute direct, unconditional, unsubordinated or, with respect to Notes issued by NATIXIS, senior preferred (within the meaning of Article L.613-30-3-I 3° of the French Monetary and Financial Code) and (subject to the provisions of Condition 4 (Negative Pledge) of the Terms and Conditions of the Notes) unsecured obligations of such Issuer, and shall at all times rank pari passu without any preference among themselves, all as described in Condition 3 (Status). Pursuant to the exercise of the bail-in power by the relevant resolution authority of the Issuer, the outstanding amounts of the Notes may be reduced (in whole or in part), converted into equity (in whole or in part) or cancelled and/or the maturity of the Notes or the amount of interest or the date on which interest becomes payable may be amended.
Sample 1

Examples of Status of Notes in a sentence

  • Status of Notes and the Guarantee: The Notes and the Guarantee will constitute unsubordinated and unsecured obligations of the Issuer and the Guarantor, respectively, all as described in “Terms and Conditions of the Notes governed by English Law – Guarantee and Status” and “Terms and Conditions of the Notes governed by Singapore Law – Guarantee and Status”.

  • Its obligations in that respect (the “Guarantee”) are contained in the Deed of Guarantee.(b) Status of Notes and Guarantee: The Notes and the Receipts and Coupons relating to them constitute (subject to Condition 4) unsecured obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves and with all other present and future unsecured obligations of the Guarantor.

  • Status of Notes: The Notes will constitute direct, unconditional and unsecured and unsubordinated obligations of the Issuer, as more fully described in "Terms and Conditions of the Notes".

  • Status of Notes The Notes will constitute unsecured and unsubordinated obligations of the Issuer and will rank pari passu among themselves and pari passu with all other unsecured and unsubordinated obligations of the Issuer, except for any obligation preferred by law.

  • Status of Notes: The Notes will constitute direct, unconditional, unsubordinated and unsecured obligations of the Issuer and will rank pari passu among themselves all as described in "Terms and Conditions of the Notes – Status".

  • Status of Notes: The Fiduciary’s obligations under the Notes rank equally and without preference among themselves.

  • Its obligations in that respect (the “Guarantee”) are contained in the Trust Deed.(h) Status of Notes and Guarantee The Notes and the Receipts and Coupons relating to them constitute (subject to Condition 4) unsecured obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves.

  • Status of Notes: The Notes and the Guarantee will constitute unsubordinated and unsecured obligations of the Issuer and the Guarantors, respectively, as described in “Terms and Conditions of the Notes – Status of Notes”.

  • Status of Notes and Limited Recourse:The Fiduciary’s obligations under the Notes rank equally and without preference among themselves.

  • Status of Notes: Senior Notes will constitute unsubordinated and unsecured obligations of the Issuer and Subordinated Notes will constitute subordinated obligations of the Issuer all as described in "Terms and Conditions of the Notes – Status".


More Definitions of Status of Notes

Status of Notes. The obligations of each Issuer under the Notes will constitute direct, unconditional, unsubordinated or, with respect to Notes issued by NATIXIS, senior preferred (within the meaning of Article L.613-30-3- I 3° of the French Monetary and Financial Code) and (subject to the Terms and Conditions of the Notes) unsecured obligations of such Issuer, and shall at all times rank pari passu without any preference among themselves, all as described in Condition 3 (Status).
Sample 1