Subordinated Junior Securities means all classes of share capital of the Issuer and any obligations of the Issuer ranking or expressed to rank junior to the Notes (which shall include, for the avoidance of doubt, any obligations of the Issuer which are recognised as Additional Tier 1 Capital by the Relevant Regulator);
Subordinated Junior Securities means all classes of share capital of the Issuer and any obligations of the Issuer ranking or expressed to rank junior to the claims of the holders of Subordinated Notes.