Unsubordinated Creditors definition

Unsubordinated Creditors means (a) all depositors of the Issuer and (b) all other creditors of the Issuer other than creditors in respect of Subordinated Indebtedness and creditors that rank or are expressed to rank pari passu in right of payment with the Subordinated Notes (in each case including liabilities of the offices and branches of the Issuer, wherever located); and

Unsubordinated Creditors means any person(s) to whom/which the Issuer owes an Unsubordinated Obligation.

Unsubordinated Creditors means all creditors of ANZBGL (including all depositors of ANZBGL) other than:

Examples of Unsubordinated Creditors in a sentence

• For the purposes of this Condition, CBA is taken to be “Solvent” if: (a) it is able to pay its debts to Unsubordinated Creditors as they fall due; and (b) its Assets exceed its Liabilities.

• The rights of the holders of the Dated Subordinated Notes and the Receipts and Coupons relating to them are subordinated on a winding- up to the claims of Unsubordinated Creditors (as defined below) and accordingly amounts payable in respect of such principal and interest shall be payable in such winding-up only if and to the extent that the Bank could be considered solvent at the time of payment thereof and still be considered solvent immediately thereafter.

• The Lender, the Debtor and ASIC agree that the repayment of the Debt shall be subordinated at all times, unless and until ASIC gives a written consent under Clauses 5.1 or 5.2(a), to all the claims, demands, rights and causes of action of all Unsubordinated Creditors.

• Instructors must attend Instructor In-service training every two years, or as determined by The Association from time to time, to maintain their Accreditation.

• Subordinated Indebtedness means any indebtedness (present and future) of the Issuer which by its terms is, or is expressed to be, subordinated in a Winding Up of the Issuer to the claims of its Unsubordinated Creditors.

More Definitions of Unsubordinated Creditors

Unsubordinated Creditors means the Debtor’s creditors (whether present or future, secured or unsecured) other than the Lender.

Unsubordinated Creditors means creditors of the Bank who are unsubordinated depositors or other unsubordinated creditors of the Bank, including (without limitation) holders of Senior Notes.

Unsubordinated Creditors means any person(s) to whom/which the Issuer or the Guarantor, as the case may be, owes an Unsubordinated Obligation.

Unsubordinated Creditors means all the creditors (present and future) of the Issuer:

Unsubordinated Creditors means creditors of the Issuer who are unsubordinated creditors of the Issuer.

Unsubordinated Creditors means any Person(s) to which a Person owes an Unsubordinated Obligation.

Unsubordinated Creditors means creditors of the relevant Issuer who are unsubordinated depositors or other unsubordinated creditors of the relevant Issuer.