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 all creditors of ANZBGL (including all depositors of ANZBGL) other than:

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

Examples of Unsubordinated Creditors in a sentence

• 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.

• 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.

• Suncorp’s obligations under Notes rank subordinate and junior in a winding up to Suncorp’s obligations to holders of senior ranking securities and instruments,and all Unsubordinated Creditors.

• In the event of the winding up of ANZBGL (see Condition 11 (Subordination)) the principal amount of, any premium or interest on, and any other payments, including additional amounts, in respect of the Subordinated Notes will be subordinated to the claims of all Unsubordinated Creditors.

• The Notes rank: Behind all Unsubordinated Creditors of ANZ, including secured creditors and creditors preferred by law. Behind unsecured subordinated obligations of ANZ; Equally with preference shares and other capital notes; and Ahead of ordinary shares.While referred to as Capital Notes, investors need to be aware that this security ranks behind both senior and subordinated notes and equally with preference shares.

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

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

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

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