Addition of Provisions with Respect to Clean-up Redemption. With respect to the Tier 1 Notes only, the following paragraph is hereby added as new Section 12.13 of the Base Indenture: Clean-up Redemption. If 75% or more of the initial aggregate Liquidation Preference of the Tier 1 Notes (which, for the avoidance of doubt, includes any additional issuances issued subsequently and constituting a single series of Tier 1 Notes under this Contingent Convertible Capital Securities Indenture, in accordance with Section 3.16 of this Contingent Convertible Capital Securities Indenture) have been redeemed or purchased by, or on behalf of, the Company and cancelled, the Company may, on any date that is a Distribution Payment Date, at its option, redeem in whole but not in part the outstanding Tier 1 Notes at the Redemption Price, in accordance with Articles 77 and 78 of CRR, Article 29 of the Commission Delegated Regulation (EU) No. 241/2014 (including the prior consent of the Regulator as required) and/or any other Applicable Banking Regulations then in force.
Addition of Provisions with Respect to Clean-up Redemption. With respect to the Tier 1 Notes only, the following paragraph is hereby added as Section 12.13 of the Base Indenture:
