Senior Instruments definition

Senior Instruments means securities, instruments or obligations of the Issuer:

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Senior Instruments means the Class A Notes and the Senior Schuldschein Loans, collectively.

Senior Instruments means securities, instruments or obligations of the Company: (i) the holders of which are unsubordinated creditors of the Company (“Unsubordinated Instruments”), or (ii) which are, or are expressed to be, subordinated (whether only in the event of the liquidation of the Company or otherwise) to Unsubordinated Instruments but not further or otherwise, or (iii) which in a liquidation, moratorium or bankruptcy of the Company occurring prior to the Trigger Event are, or are expressed to be, further or otherwise subordinated, other than those which in such event rank, or are expressed to rank, pari passu with or junior to the Securities. For the avoidance of doubt, “Senior Instruments” includes securities, instruments or obligations of the Company which are Tier 2 instruments within the meaning of Article 52(1)(d) of the CRR.

Examples of Senior Instruments in a sentence

• Upon full redemption of all Senior Instruments, the foregoing sentence shall apply with the modification that the required Lender of a Senior Schuldschein Loan or Noteholder of a Class A Notes consent as set out under (b) shall be replaced by consent of Lenders of the Junior Schuldschein Loans or Noteholders of the Class B Notes evidencing not less than a majority of the aggregate outstanding principal amount of the outstanding Junior Instruments.

• Without prejudice to the generality of the foregoing in the event that the provisions of Condition 7.2 (in the case of Senior Instruments) or Condition 6.2 (in the case of Subordinated Instruments) become relevant, the Issue and Paying Agent shall make available for inspection by Holders the documents referred to therein.

• Borrower shall not, without the prior written consent of Lender, enter into any modification, extension, amendment, agreement or arrangement in connection with any of the Senior Instruments.

• Borrower covenants and agrees to comply with all of the terms and provisions of the Senior Instruments.

• Upon the occurrence of such default, in addition to any other rights or remedies available to Lender, Lender may, but need not, make any payment or perform any act required to cure or attempt to cure any said default under any of the Senior Instruments in any manner and form deemed expedient by ▇▇▇▇▇▇.

• The rights and claims of the Holders and Beneficial Owners of the Securities in respect of or arising from the Securities shall be subordinated to the claims of holders of Senior Instruments.

• Lender shall not be responsible for determining the validity or accuracy of any claim of default made by the Senior Lender under the Senior Instruments and the payment of any sum by ▇▇▇▇▇▇ in curing or attempting to cure any alleged default or omission shall be presumed conclusively to have been reasonable, justified and authorized.

• Borrower shall give Lender a copy of all notices given Mortgagor with respect to any of the Senior Instruments within fifteen (15) business days after receiving such notice.

• In the event Borrower is declared by the holder of any of the Senior Instruments to be in default with respect to any requirement of any of the Senior Instruments, ▇▇▇▇▇▇▇▇ agrees that said default shall constitute a default hereunder and under this Mortgage and the Loan Documents.

• By virtue of such subordination, any payments to the Holders of the Securities upon any Liquidation Event shall only be made after all payment obligations of the Company in respect of Senior Instruments have been satisfied.

More Definitions of Senior Instruments

Senior Instruments means securities, instruments or obligations of the Issuer: (i) the holders of which are unsubordinated creditors of the Issuer (“Unsubordinated Instruments”), or (ii) which are, or are expressed to be, subordinated (whether only in the event of the liquidation of the Issuer or otherwise) to Unsubordinated Instruments but not further or otherwise, or (iii) which in a liquidation, moratorium or bankruptcy of the Issuer occurring prior to the Trigger Event are, or are expressed to be, further or otherwise subordinated, other than those which in such event rank, or are expressed to rank, pari passu with or junior to the Securities. For the avoidance of doubt, “Senior Instruments” includes securities, instruments or obligations of the Issuer which are Tier 2 instruments within the meaning of Article 52(1)(d) of the CRR.

Senior Instruments means, collectively, the Credit Agreement, the Credit Facilities and any other securities (debt, equity or otherwise) or indebtedness of the Company or any of its Subsidiaries ranking senior to, or pari passu with, the Convertible Securities or the 2025 Convertible Securities.

Senior Instruments means senior Instruments issued by an Issuer in accordance with the Terms and Conditions of the Senior Instruments;

Senior Instruments means senior Instruments issued by the relevant Issuer in accordance with the Terms and Conditions of the Senior Instruments as set out in Part 1 of Schedule 1 to the Trust Deed; Subordinated Instruments means subordinated Instruments issued by EDP in accordance with the Terms and Conditions of the Subordinated Instruments as set out in Part 2 of Schedule 1 to the Trust Deed; Trust Deed means the trust deed dated 14 March 2001 made between the Issuers and the Trustee as amended, modified, supplemented or restated from time to time pursuant to which Instruments will, on issue, be constituted and which sets out the terms and conditions upon and subject to which the Trustee has agreed to act as trustee; and Trustee means Deutsche Trustee Company Limited and shall, whenever the context so admits, include such company and/or other trustees for the time being for the holders of the Instruments under the Trust Deed.

Senior Instruments means the Senior Loan Agreement, and all notes now or hereafter evidencing the Senior Indebtedness, all guaranties of the Senior Indebtedness, all documents and instruments securing the repayment of the Senior Indebtedness and all other documents or instruments executed and delivered to Senior Lender evidencing or pertaining to the Senior Indebtedness as any of the same may be modified, extended, supplemented, amended and/or restated from time to time.