The liabilities referred to in point (b) shall be senior to the liabilities with the ranking referred to in points (a), (b) and (c) of Article 108(2) and in Article 108 (3) and, if debt instruments, must be secured.
Obveznosti iz točke (b) so nadrejene obveznostim, ki se obravnavajo po vrstnem redu iz točk (a), (b) in (c) člena 108(2) ter iz člena 108(3), in, če so dolžniški instrumenti, morajo biti zavarovane.