Subordinated Claims definition

Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.

Subordinated Claims means the aggregate amount of all claims admitted to proof in the winding-up of the Issuer which are claims in respect of Subordinated Debts of the Issuer;

Examples of Subordinated Claims in a sentence

Subordinated Claims include without limitation all rights and claims of each Borrower Party, each other Pledgor and General Partner, as applicable, against an Investor under the Constituent Documents of such Person or under the Subscription Agreements.
At any time a Borrowing Base Deficiency exists, and until the mandatory prepayment pursuant to Section 3.04 in connection therewith, if any, is paid and satisfied in full, or, during the existence and continuation of an Event of Default, neither any Borrower Party, any other Pledgor nor General Partner, as applicable, may receive or collect, directly or indirectly any amount upon the Subordinated Claims, other than to obtain funds required to make any mandatory prepayment pursuant to Section 3.04.
Subordinated Claims include without limitation all rights and claims of each Borrower Party, each other Pledgor and General Partner against an Investor under the Constituent Documents of such Person or under the Subscription Agreements.
At any time a Borrowing Base Deficiency exists, and until the mandatory prepayment pursuant to Section 3.04 in connection therewith, if any, is paid and satisfied in full, or, during the existence and continuation of an Event of Default, neither any Borrower Party, any other Pledgor nor General Partner may receive or collect, directly or indirectly any amount upon the Subordinated Claims, other than to obtain funds required to make any mandatory prepayment pursuant to Section 3.04.

More Definitions of Subordinated Claims

Subordinated Claims means any claim subordinated pursuant to section 510(b) of the Bankruptcy Code, which shall include any claim arising from the rescission of a purchase or sale of any Old Equity claim for damages arising from the purchase or sale of Old Equity or any claim for reimbursement, contribution or indemnification on account of any such claim.

Subordinated Claims is defined in Section 5.03.

Subordinated Claims means all Claims against a Debtor, whether secured or unsecured, for any fine, penalty, forfeiture, attorneys’ fees (to the extend such attorneys’ fees are punitive in nature), multiple, exemplary or punitive damages, or for any other amount that does not represent compensation for actual pecuniary loss suffered by the holder of such Claim, and all Claims against any of the Debtors of the type described in sections 510(a), (b) or (c) of the Bankruptcy Code, other than Class 8 Claims, including any Claim against Lyondell Chemical for unexchanged shares of Lyondell Chemical or MCI that were not exchanged in connection with the 2007 Merger.

Subordinated Claims means any Claim that is subject to subordination in accordance with sections 510(b)-(c) of the Bankruptcy Code or otherwise.

Subordinated Claims means Claims that are subordinated by section 510 of the Bankruptcy Code or otherwise applicable law.

Subordinated Claims means: (a) any Claim, or a portion of a Claim, that is subject to subordination under section 510 of the Code, and (b) any Claim, or portion of a Claim, for fines, penalties, forfeitures, or for multiple, exemplary, or punitive damages, or other non-compensatory damages.

Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which are claims in respect of Tertiary Non-Preferential Debts of the Issuer, including (without limitation) claims of creditors in respect of obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital (including, without limitation, the Issuer’s permanent interest bearing shares) or CET1 Capital (including the Issuer’s core capital deferred shares);