Senior Creditors definition

Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

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Senior Creditors means present and future creditors of the Issuer (a) who are unsubordinated creditors of the Issuer, or (b) whose claims are, or are expressed to be, subordinated (whether only in the event of the winding-up (faillissement of vereffening na ontbinding) of the Issuer or otherwise) to the claims of unsubordinated creditors of the Issuer but not further or otherwise, or (c) who are subordinated creditors of the Issuer other than those whose claims are, or are expressed to rank, pari passu with, or junior to, the claims of the Holders;

Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

Examples of Senior Creditors in a sentence

• Each Subordinated Creditor acknowledges and agrees that the Agent’s and the Senior Creditors’ rights under this Agreement are not conditioned upon pursuit by the Agent or the Senior Creditors of any remedy the Agent or the Senior Creditors may have against the Obligors or any other person.

• The faces of any instruments and documents evidencing the Subordinated Indebtedness or any portion thereof will be forthwith inscribed with a legend conspicuously indicating that payment thereon is subordinated to the claims of the Agent and the Senior Creditors and other holders of Senior Indebtedness pursuant to the terms of this Agreement.

• In all other cases, as between the Subordinated Creditors, on the one hand, and the Agent and the Senior Creditors, on the other hand, the prevailing party in any dispute arising under this Agreement shall be entitled to recover its legal fees and costs from the non-prevailing party or parties.

• Each Subordinated Creditor represents and warrants that it has not made or permitted to be made, and covenants and agrees with the Agent and the Senior Creditors that so long as this Agreement is in effect it shall not make or permit, any assignment, transfer, pledge or disposition, for collateral purposes or otherwise, of all or any part of the Subordinated Indebtedness.

• Each Subordinated Creditor acknowledges that the Senior Creditors have the right to sell, assign, transfer, negotiate or grant participations or any interest in, any or all of the Senior Indebtedness and any related obligations, including without limitation this Agreement.

More Definitions of Senior Creditors

Senior Creditors means creditors of the Issuer or the Guarantor (including, in respect of CBD only, depositors of CBD), as applicable, other than creditors in respect of indebtedness where, by the terms of such indebtedness, the claims of the holders of that indebtedness rank or are expressed to rank pari passu with, or junior to, the claims of the holders of the Subordinated Notes; and

Senior Creditors means creditors of the Issuer (including the Issuer’s depositors) other than those whose claims are expressed to rank pari passu or junior to the claims of the holders of the Subordinated Notes;

Senior Creditors means (a) depositors of the Issuer and (b) all unsubordinated creditors of the Issuer (including, inter alia, holders of Senior Preferred Notes) other than creditors in respect of any Non-Preferred Parity Securities and any Statutory Non-Preferred Claims, if any.

Senior Creditors means all holders from time to time of any Senior Indebtedness and shall include, without limitation, the Lender Creditors and the Hedge Creditors.

Senior Creditors means, in relation to an issue of Undated Subordinated Instruments, creditors of the Issuer:

Senior Creditors means (a) depositors of the Issuer and (b) all unsubordinated creditors of the Issuer (including, inter alia, holders of Senior Preferred Notes other than creditors in respect of any Non- Preferred Parity Securities and any Statutory Non-Preferred Claims, if any); and

Senior Creditors means creditors of the Company whose claims are admitted to proof in the winding up, liquidation, administration or other insolvency procedure of the Company and who are unsubordinated creditors of the Company.