Unsubordinated Obligations definition

Unsubordinated Obligations means unsubordinated obligations, whether in the form of loans, notes or other instruments, of the Issuer that rank senior to Eligible Subordinated Obligations or any other obligation expressed to rank junior to Unsubordinated Obligations;

Unsubordinated Obligations means obligations, whether in the form of bonds or otherwise, which constitute direct, unconditional, unsecured and unsubordinated obligations of the Issuer and rank and will rank pari passu without preference or priority among themselves and (save for certain obligations required to be preferred by French law) pari passu with all other present or future unsecured and unsubordinated obligations of the Issuer.

Unsubordinated Obligations means any obligations (including any bonds or notes) of the Issuer which constitute direct, unconditional, unsecured and unsubordinated obligations of the Issuer and which rank in priority to the Ordinarily Subordinated Obligations.

Examples of Unsubordinated Obligations in a sentence

• Unsubordinated Obligations means any Obligations of the Issuer which are unsubordinated.

• Ordinary Subordinated Obligations means obligations, whether in the form of notes or otherwise, the principal and interest of which constitute direct, unconditional, unsecured and subordinated obligations of the Issuer and rank and will rank pari passu among themselves and pari passu with all other present or future ordinary subordinated obligations, behind Unsubordinated Obligations but in priority to prêts participatifs, if any, and deeply subordinated obligations.

• The obligations of the Guarantor under the Subordinated Guarantee constitute direct, unsecured and subordinated obligations of the Guarantor and rank and will rank pari passu among themselves and pari passu with all other present and future Parity Securities of the Guarantor but shall be subordinated to Ordinary Subordinated Obligations and to Unsubordinated Obligations of, or issued by, the Guarantor.

• No payments will be made to the Noteholders before all amounts due, but unpaid, to all other creditors of the Issuer (including holders of Unsubordinated Obligations, holders of Ordinarily Subordinated Obligations, lenders in relation to prêts participatifs granted to the Issuer and holders of titres participatifs issued by the Issuer, but excluding Parity Securities, which will be paid pro rata with the Notes) have been paid by the Issuer, as ascertained by the judicial liquidator.

• The obligations of the Guarantor under this Deed of Guarantee constitute direct, unsecured and subordinated obligations of the Guarantor and rank and will rank pari passu among themselves and pari passu with all other present and future Parity Securities of the Guarantor but shall be subordinated to Ordinary Subordinated Obligations and to Unsubordinated Obligations of, or issued by, the Guarantor.

More Definitions of Unsubordinated Obligations

Unsubordinated Obligations means unsubordinated obligations of the Issuer which rank in priority to Ordinarily Subordinated Obligations.

Unsubordinated Obligations means direct, unconditional, unsecured and unsubordinated obligations of the Issuer which rank in priority to Ordinarily Subordinated Obligations;

Unsubordinated Obligations means any Obligations (including any bonds or notes) which constitute direct and unsubordinated Obligations of the Issuer and which rank and will at all times rank equally and rateably with any other existing or future Unsubordinated Obligations, but in priority to present and future Equity Securities, Undated Junior Subordinated Obligations, Dated Junior Subordinated Obligations, prêts participatifs granted to, and titres participatifs issued by, the Issuer, Ordinary Subordinated Obligations, Senior Subordinated Obligations and subordinated Obligations expressed to rank senior to Senior Subordinated Obligations (if any). For the avoidance of doubt, the Unsubordinated Obligations include but are not limited to the claims of the policyholders of the Issuer.

Unsubordinated Obligations means any Obligations which constitute direct, unconditional and unsubordinated Obligations of the Issuer and rank and will rank pari passu without any preference among themselves and (save for certain obligations required to be preferred by French law) pari passu with all other present or future Unsubordinated Obligations of the Issuer.

Unsubordinated Obligations means any Obligations of the Issuer which are unsubordinated.

Unsubordinated Obligations means obligations, whether in the form of notes or bonds or otherwise, the principal and interest of which constitute direct, unconditional, unsecured and unsubordinated obligations of the Issuer or the Guarantor (as applicable) and rank and will rank pari passu without preference or priority among themselves and (save for certain obligations required to be preferred by French law (in the case of the Issuer) and Dutch law (in the case of the Guarantor)) equally and rateably with all other present or future unsecured and unsubordinated indebtedness, obligations and guarantees of the Issuer or the Guarantor, as the case may be.

Unsubordinated Obligations means direct, unconditional, unsecured and unsubordinated obligations of the Issuer (including, for the avoidance of doubt, any such obligations of the Issuer ranking as senior non-preferred obligations as provided for in Article L. 613-30-3-I-4° of the French Code monétaire et financier) which rank and will rank in priority to Subordinated Obligations;