Senior Higher Priority Liabilities definition

Senior Higher Priority Liabilities means any obligations in respect of principal of the Issuer under any Notes and any other unsecured and unsubordinated obligations (créditos ordinarios) of the Issuer, other than the Senior Non Preferred Liabilities; and

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Senior Higher Priority Liabilities means the unsubordinated and unsecured obligations (créditos ordinarios) of Banco Santander, other than the Senior Non Preferred Liabilities.

Senior Higher Priority Liabilities means any obligations of the Company which specify their status as ordinary senior instruments and any other unsecured and unsubordinated obligations (créditos ordinarios) of the Company, other than the Senior Non Preferred Liabilities.

Examples of Senior Higher Priority Liabilities in a sentence

• The Trustee shall not be deemed to owe any fiduciary duty to the creditors of Senior Higher Priority Liabilities and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders of Second Ranking Senior Debt Securities of the series or to the Company or to any other Person cash, property or securities to which any creditors of Senior Higher Priority Liabilities shall be entitled by virtue of this Article or otherwise.

• Trustee Not Fiduciary for Creditors of Senior Higher Priority Liabilities 83 Section 12.07.

• The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders of the Second Ranking Senior Debt Securities of each series on the one hand and the creditors of the Senior Higher Priority Liabilities on the other hand.

• The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any claims of creditors of Senior Higher Priority Liabilities which may at any time be held by it, to the same extent as any other creditors of Senior Higher Priority Liabilities, and nothing in this Senior Non Preferred Debt Securities Indenture or the Trust Indenture Act shall deprive the Trustee of any of its rights as such holder.

• Rights of Trustee as Creditor of Senior Higher Priority Liabilities; Preservation of Trustee’s Rights 84 Section 12.08.

More Definitions of Senior Higher Priority Liabilities

Senior Higher Priority Liabilities means any unsecured, unsubordinated and unguaranteed obligations of the Issuer other than Senior Non Preferred Liabilities;

Senior Higher Priority Liabilities means any obligations of the Issuer under any Ordinary Senior Notes and any other unsecured and unsubordinated obligations of the Issuer other than Senior Non Preferred Liabilities;

Senior Higher Priority Liabilities means the unsubordinated and unsecured obligations (créditos ordinarios) of Banco Santander (which will include, among others, the ordinary senior debt securities), other than those under the second ranking senior debt securities and the Senior Parity Liabilities.

Senior Higher Priority Liabilities means the unsubordinated and unsecured obligations (créditos ordinarios) of the Company, other than the Senior Non Preferred Liabilities.

Senior Higher Priority Liabilities means any obligations of Banco Santander which specify their status as ordinary senior instruments and any other unsecured and unsubordinated obligations (créditos ordinarios) of Banco Santander, other than the Senior Non Preferred Liabilities.

Senior Higher Priority Liabilities means the unsubordinated and unsecured obligations (créditos ordinarios) of Banco Santander (which will include, among others, the senior preferred debt securities), other than the Senior Non Preferred Liabilities.

Senior Higher Priority Liabilities means any unsecured, unsubordinated and unguaranteed obligations of the Issuer other than Senior Non-Preferred Liabilities;