Qualifying Notes definition
Qualifying Notes means, at any time, any securities (other than the Notes) issued directly or indirectly by the Issuer:
Qualifying Notes means, with respect to each applicable series of senior preferred debt securities, each series of senior non preferred debt securities and each series of subordinated debt securities, at any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the senior preferred debt securities of such series, senior non preferred debt securities of such series or subordinated debt securities of such series than the terms of the senior preferred debt securities of such series, senior non preferred debt securities of such series or subordinated debt securities of such series, as applicable, provided that Banco Santander shall have delivered a certificate signed by two directors of Banco Santander to that effect to the Trustee not less than five Business Days prior to (x) in the case of a substitution of the senior preferred debt securities of the applicable series, the senior non preferred debt securities of any series or the subordinated debt securities of any series, as applicable, pursuant to “—Substitution and Variation”, the issue date of the relevant securities or (y) in the case of a variation of the senior preferred debt securities of the applicable series, the senior non preferred debt securities of any series or the subordinated debt securities of any series, as applicable, pursuant to “—Substitution and Variation”, the date such variation becomes effective, provided that such securities shall:
Qualifying Notes means, at any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the Notes than the terms of the Notes, provided that such securities shall:
Examples of Qualifying Notes in a sentence
The Appointing Holders shall notify the Trustee and the Company in writing of their then current holdings of Qualifying Notes in connection with any action taken by their respective Designees pursuant to the Indenture.
Any such notice shall specify the details of such substitution or variation, as the case may be, including the date on which such substitution or variation, as the case may be, shall take effect and details of where the Noteholders can inspect or obtain copies of the new or amended terms and conditions of the Qualifying Notes.
The agreement or approval of the Noteholders shall not be required in the case of any variation of these Conditions required to be made in the circumstances described in Condition 6 (Exchange and Variation) in connection with the exchange or variation of the terms of the Notes so that they remain or become Qualifying Notes.
Qualifying Notes: At any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the Euro Notes than the terms of the Euro Notes.
Qualifying Notes: At any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the Dollar Notes than the terms of the Dollar Notes.
More Definitions of Qualifying Notes
Qualifying Notes means, at any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the relevant Notes than the terms of the relevant Notes, provided that Banco Santander shall have delivered a certificate signed by two directors of Banco Santander to that effect to the Trustee not less than five Business Days prior to (x) in the case of a substitution of the affected Notes as described above, the issue date of the affected Notes or (y) in the case of a variation of the Notes as described above, the date such variation becomes effective, provided that such securities shall:
Qualifying Notes means, at any time, any securities issued or guaranteed by the Issuer that:
Qualifying Notes means, with respect to each series of second ranking senior debt securities and each series of subordinated debt securities, at any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the second ranking senior debt securities of such series or subordinated debt securities of such series than the terms of the second ranking senior debt securities of such series or subordinated debt securities of such series, as applicable, provided that Banco Santander shall have delivered a certificate signed by two directors of Banco Santander to that effect to the Trustee not less than five Business Days prior to (x) in the case of a substitution of the second ranking senior debt securities of any series or the subordinated debt securities of any series, as applicable, pursuant to “—Substitution and Variation”, the issue date of the relevant securities or (y) in the case of a variation of the second ranking senior debt securities of any series or the subordinated debt securities of any series, as applicable, pursuant to “—Substitution and Variation”, the date such variation becomes effective, provided that such securities shall:
Qualifying Notes means, at any time, any securities issued directly by the Issuer that:
Qualifying Notes means, with respect to each series of Senior Non Preferred Debt Securities, at any time, any securities issued directly by the Company that have terms not otherwise materially less favorable to the Holders of the Senior Non Preferred Debt Securities of such series than the terms of the Senior Non Preferred Debt Securities of such series, provided that such securities shall:
Qualifying Notes means, at any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the Notes of the relevant series, than the terms of the Notes of such series, provided that such securities shall:
Qualifying Notes means, with respect to each series of Subordinated Debt Securities, at any time, any securities issued directly by the Company that have terms not otherwise materially less favorable to the holders of the Subordinated Debt Securities of such series than the terms of the Subordinated Debt Securities of such series, provided that the Company shall have delivered a certificate signed by two directors of the Company to that effect to the Trustee not less than five Business Days prior to (x) in the case of a substitution of the Subordinated Debt Securities of any series pursuant to Section 8.04, the issue date of the relevant securities or (y) in the case of a variation of the Subordinated Debt Securities of any series pursuant to Section 8.04, the date such variation becomes effective, provided that such securities shall: