STATUS OF THE NOTES AND THE GUARANTEE Sample Clauses
The "Status of the Notes and the Guarantee" clause defines the legal standing and priority of the notes and any associated guarantee within the issuer's capital structure. It typically clarifies whether the notes are senior, subordinated, or unsecured, and specifies that the guarantee, if provided, ranks equally with other unsecured obligations of the guarantor. This clause ensures that investors understand their rights to repayment relative to other creditors, thereby providing transparency and reducing uncertainty about the risk and enforceability of the notes and guarantee.
STATUS OF THE NOTES AND THE GUARANTEE. (a) Status of the Notes
STATUS OF THE NOTES AND THE GUARANTEE. (a) Status of the Notes: The Notes and any related Coupons are direct, unconditional, unsubordinated and (subject to the provisions of Condition 3) unsecured obligations of the Issuer and (subject as aforesaid) rank and will rank pari passu without any preference among themselves, with all other present and future outstanding unsubordinated and unsecured obligations of the Issuer (subject to mandatorily preferred obligations under applicable laws).
STATUS OF THE NOTES AND THE GUARANTEE. (a) Status of the Notes The Notes and the relative Coupons (if any) constitute unsecured and unsubordinated obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves. The payment obligations of the Issuer under the Notes and the relative Coupons (if any) shall, save for such exceptions as may be provided by applicable legislation, at all times rank at least equally with all its other present and future unsecured and unsubordinated obligations.
STATUS OF THE NOTES AND THE GUARANTEE. (a) Status of the Notes The Notes and any relative Receipts and Coupons are direct, unconditional, unsubordinated and (subject to the provisions of Condition 4) unsecured obligations of the Issuer and rank pari passu among themselves and (save for certain obligations required to be preferred by law) equally with all other unsecured obligations (other than subordinated obligations, if any) of the Issuer, from time to time outstanding.
(b) Status of the Guarantee The obligations of the Guarantor under the Guarantee are direct, unconditional, unsubordinated and (subject to the provisions of Condition 4) unsecured obligations of the Guarantor and (save for certain obligations required to be preferred by law) rank equally with all other unsecured obligations (other than subordinated obligations, if any) of the Guarantor, from time to time outstanding.
STATUS OF THE NOTES AND THE GUARANTEE. The Notes are either Senior Notes or Tier 2 Notes, as specified in the relevant Final Terms.
STATUS OF THE NOTES AND THE GUARANTEE