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);
Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.
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
Examples of Senior Creditors in a sentence
Notwithstanding anything else in this Supplemental Indenture or the Indenture (including, but not limited to, Article Four of the Indenture), the Holders may not direct the Trustee to take any action to enforce the payment of the principal of (or premium, if any) or interest on the Notes unless and until the Company has been fully released and discharged from its obligations under the Senior Indebtedness by the Senior Creditors.
More Definitions of Senior Creditors
Senior Creditors means creditors of the Company (i) who are unsubordinated creditors; (ii) whose claims are, or are expressed to be, subordinated to the claims of the Company’s unsubordinated creditors but not further or otherwise; or (iii) whose claims are, or are expressed to be, junior to the claims of the Company’s other creditors, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders or Beneficial Owners in a winding-up occurring prior to a Capital Adequacy Trigger Event. For the avoidance of doubt, holders of any of the Company’s existing or future Tier 2 capital instruments shall be Senior Creditors.
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 Other Creditors.
Senior Creditors. ’ means creditors of the Issuer (i) who are depositors and/or other unsubordinated creditors of the Issuer or (ii) whose claims are, or are expressed to be, subordinated to the claims of depositors and other unsubordinated creditors of the Issuer (whether only in the event of a winding up of the Issuer or otherwise) but not further or otherwise or (iii) who are subordinated creditors of the Issuer (whether as aforesaid or otherwise) other than those whose claims are expressed to rank pari passu with or junior to the claims of the Noteholders and Couponholders and any claims ranking pari passu with such last mentioned claims.
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