Liquidation Claim definition
Liquidation Claim has the meaning set forth in Section 12.02.
Liquidation Claim means the claim of each holder of the Securities then outstanding in a liquidation proceeding (seisan) (excluding a special liquidation proceeding (tokubetsu seisan)) with respect to the Company, in an amount equal to the Current Principal Amount of the Securities held by such holder on the date on which such claim becomes and due and payable pursuant to the subordination provisions herein, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Section 3.10 or Section 3.11 and any Additional Amounts, if any, excluding any amounts that shall have become due and payable on or before the date of the occurrence of a Liquidation Event and remain unpaid).
Liquidation Claim means the claim of each Holder of any series of Securities then Outstanding in a liquidation proceeding (seisan) with respect to the Issuer (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount of such series of Securities held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions in this Article 12, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (excluding any amounts that shall have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid).
Examples of Liquidation Claim in a sentence
For so long as such Liquidation Event continues, no payments in respect of a Liquidation Claim shall be made unless and until a Condition for Liquidation Payment shall have been met.
At any time prior to the payment of a Liquidation Claim in accordance with the subordination provisions herein, a Liquidation Claim shall be subject to a Going Concern Write-Down or a Write-Down and Cancellation upon the occurrence of a Capital Ratio Event, Non-Viability Event or Bankruptcy Event, as the case may be.
Payments made in respect of a Liquidation Claim shall not exceed the applicable Liquidation Distributable Amount.
If a Liquidation Event has occurred, and so long as any such Liquidation Event shall continue, each holder of the Securities will only have a Liquidation Claim.
More Definitions of Liquidation Claim
Liquidation Claim means the claim of each Holder of the Securities then outstanding in a liquidation proceeding (seisan) with respect to the Company (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount (as defined below) of the Securities held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions as provided in Article 12 of the Indenture, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Article 3 of the Indenture) and any Additional Amounts (as defined below), if any, excluding any amounts that have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid.
Liquidation Claim means the claim of each holder of the notes then outstanding in a liquidation proceeding (seisan) with respect to us (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount (as defined below) of the notes held by such holder on the date on which such claim becomes due and payable pursuant to the subordination provisions of the notes, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (excluding any amounts that shall have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid).
Liquidation Claim means the claim of each Holder of this Security then outstanding in a liquidation proceeding (seisan) (excluding a special liquidation proceeding (tokubetsu seisan)) with respect to the Company, in an amount equal to the Current Principal Amount (as defined below) of this Security held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions as provided in Article 12 of the Indenture, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Article 3 of the Indenture) and any Additional Amounts, if any, excluding any amounts that have become due and payable on or before the date of the occurrence of a Liquidation Event and remain unpaid.
Liquidation Claim means the claim of each Holder of this Security then outstanding in a liquidation proceeding (seisan) with respect to the Company (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount of this Security held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions as provided in Article 12 of the Indenture, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Article 3 of the Indenture) and any Additional Amounts , if any, excluding any amounts that have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid.