TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CLAUSE SOLIDARITE [1 record]

Record 1 2004-06-15

English

Subject field(s)
  • Investment
  • Stock Exchange
DEF

Clause in loan agreement precluding subordination of the loan to other debt. In the issue of new shares, it states that the new shares will rank equally for dividend with an existing similar issue.

French

Domaine(s)
  • Investissements et placements
  • Bourse
DEF

Clause par laquelle l'émetteur d'un emprunt obligataire s'engage à ne pas consentir ultérieurement au profit de nouveaux créanciers certaines garanties ou conditions sans en faire bénéficier également les obligataires de l'émission en cours.

Spanish

Campo(s) temático(s)
  • Inversiones
  • Bolsa de valores
DEF

Cláusula por la que el prestatario se compromete a no conceder a un nuevo acreedor garantías o condiciones más ventajosas que las otorgadas a los prestamistas en cuyo contrato se incluye esta cláusula.

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