Examples of Unsecured Notes in a sentence
When the Issuer Debt Ratio is at least equal to the Conversion Threshold, the Issuer may (but shall not be obliged to) notify the Trustee that the Secured Notes are to be converted into Unsecured Notes.
The Unsecured Notes constitute unsecured, direct, general and unconditional obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for certain mandatory exceptions of applicable law.
Condition 5(d) ( Special Provisions of Secured Notes – Conversion from Secured Notes to Unsecured Notes) is applicable to the Notes only if both the “Secured Note Provisions” and the “Conversion from Secured Notes to Unsecured Notes” are specified in the relevant Final Terms as being applicable.
Represents USD250 million of Senior Unsecured Notes into the US Private Placement market.