Before - Euroclear EMTN 2022 prospectus
The Senior Non-Preferred Notes are issued pursuant to the provisions of article 389/1, 2° of the Belgian Banking Law. The Senior Non-Preferred Notes will be direct, unconditional and unsecured (chirographaires/chirografaire) obligations of the Issuer and rank at all times (i) pari passu, without any preference among themselves, with all other Senior Non-Preferred Obligations of the Issuer, present and future, but, in the event of insolvency, only to the extent permitted by laws relating to creditors’ rights, (ii) senior to any subordinated obligations of the Issuer and (iii) junior to present or future claims of (a) depositors of the Issuer, (b) other unsubordinated creditors of the Issuer that are not creditors in respect of Senior Non-Preferred Obligations of the Issuer and (c) all other present and future claims as may be preferred by laws of general application
After - Euroclear EMTN 2023 prospectus
We issue Senior Non-Preferred Notes pursuant to article 389/1, 2° of the Belgian Banking Law. They are our direct, unconditional, senior and unsecured (chirographaires/chirografaire) obligations.
They rank at all times equally (pari passu), without any preference among themselves, with our other present and future Senior Non-Preferred Obligations. If we are insolvent, this ranking will only apply to the extent allowed by laws on creditors' rights.
The Senior Non-Preferred Notes also rank according to the following table: