Subordinated Creditors definition
Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;
Subordinated Creditors means any Person now or in the future subordinating indebtedness of Company held by that Person to the payment of the Indebtedness.
Subordinated Creditors is defined in the preamble.
Examples of Subordinated Creditors in a sentence
Without the prior written consent of the Instructing Group, the Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any Group Member in respect of any of the Subordinated Liabilities prior to the Discharge Date (unless otherwise permitted under condition 8.3 or condition 8.4 of the Bond Instruments).
More Definitions of Subordinated Creditors
Subordinated Creditors each shall have the meaning set forth in the introductory paragraph hereof.
Subordinated Creditors means, at any time, the holders and owners of Subordinated Obligations.
Subordinated Creditors means and includes the Subordinated Lenders, the Subordinated Creditor Representative, and each and all of the holders at any time and from time to time of the Subordinated Debt, in each case together with their successors and assigns, and including any lender or other financial institution extending credit to refinance, in whole or in part (but, if in part, with the prior written consent of the Subordinated Creditor Representative), the Subordinated Debt then outstanding.
Subordinated Creditors means the Shareholder Creditors and the Intra-Group Lenders.
Subordinated Creditors the holders of the Junior Subordinated Notes.
Subordinated Creditors means, collectively, and in each case solely in their respective capacities as holders of Subordinated Debt, (a) the Parent Company, (b) each of the other Parent Affiliated Companies identified in Schedule C attached hereto (as amended or supplemented from time to time), and (c) each of the other Parent Affiliated Companies that, at any time after the date hereof, shall execute and deliver to the Administrative Agent a Subordinated Creditor Supplement and thereby become a party hereto and bound hereby as a “Subordinated Creditor” hereunder.
Subordinated Creditors shall have the meaning given to that term in the introductory paragraph hereof.