Junior Sample Clauses
The "Junior" clause defines the priority ranking of obligations, debts, or claims, specifying that they are subordinate to other, senior obligations. In practice, this means that if a company faces liquidation or bankruptcy, junior claims are paid only after all senior claims have been satisfied. This clause is commonly used in loan agreements or bond issuances to clarify the order in which creditors are repaid. Its core function is to allocate risk among creditors by establishing a clear hierarchy, ensuring that parties understand their position in the event of financial distress.
Junior. Junior to any issued and outstanding class or series of capital stock established after the Original Issue Date by the Board of Directors, the terms of which class or series expressly provide that it ranks senior to the Series I Preferred Shares as to dividend distributions and distributions upon any Liquidation Event (collectively referred to as “Senior Securities”). The Corporation may issue Junior Securities and, subject to Section 5(c)(2) of this Statement of Designation, Parity Securities from time to time in one or more series without the consent of the holders of the Series I Preferred Shares. The Board of Directors has the authority to determine the preferences, powers, qualifications, limitations, restrictions and special or relative rights or privileges, if any, of any such series before the issuance of any shares of that series. The Board of Directors shall also determine the number of shares constituting each series of securities.
Junior. A Junior labor category has less than three (3) years of experience and a Bachelor of Arts (BA)/Bachelor of Science (BS) degree. A Junior labor category is responsible for assisting more senior positions and/or performing functional duties under the oversight of more senior positions.
Junior. A School Assistant (Administration) Junior will have duties as prescribed for Grade
1. The performance of these duties will be subject to close supervision and direction.
Junior. Junior members must be between 4 and 14 years of age, and in any event must be under the age of 14 as of 1 July 2023.
Junior. Plain dark navy shorts Plain black dress trousers (plain black belt) Navy polo shirt King’s socks King’s jersey Dress leather lace-up shoes King’s jacket Plain black dress trousers (plain black belt) Light blue dress shirt School tie School blazer Sleeveless school vest (optional) Dress leather lace-up shoes King’s jacket Black dress socks No school shorts are to be worn by Senior students
Junior. Junior Members with a game day admittance included must be 16 years or under when attending a Central Coast Mariners home game and provide proof of age when requested. Central Coast Mariners does not provide, nor is it responsible for, supervision of Junior Members. Children aged 3 and under at the time of purchase are admitted free if they sit on the knee of an adult, however if they take up a seat, they must pay the applicable junior rate.
Junior. Junior to (i) all of the Company’s indebtedness and other liabilities with respect to assets available to satisfy claims against the Company and (ii) any class or series of capital stock established after the Original Issue Date by the Board of Directors, the terms of which class or series expressly provide that it ranks senior to the Series B Preferred Shares as to dividend distributions and distributions upon any Liquidation Event (collectively referred to as “Senior Securities”).
Junior. A Junior Apprentice will be required to complete satisfactorily the prescribed off-the-job training programme (incorporating relevant work experience), in order to progress to Intermediate Apprentice level, on the basis of, and subject to, the conditions set out in the relevant Individual Learning Plan, and this will be required to be confirmed by issue of an appropriate certificate or notification by the relevant college or training provider.
Junior. Junior staff will have duties as prescribed for Grade 1. However, their performance of these duties will be subject to close supervision and direction.
Junior. Designer with relevant technical education and experience; responsible for development of basic calculations and designs, miscellaneous technical work.