Bail-In Power Sample Clauses
Bail-In Power. The Notes may be subject to the U.K. bail-in power as described in the Prospectus. Sinking Fund Provisions: No sinking fund provisions. Closing location for delivery of Notes: Offices of Dxxxx Xxxx & Wxxxxxxx London LLP, 5 Xxxxxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx Names and addresses of Representatives: Designated Representatives: [ ] Address for Notices: [ ] CUSIP: [ ] ISIN: [ ] Stock Exchange Listing: The Company intends to apply to list the Notes on the New York Stock Exchange in accordance with its rules. Other Terms: The Notes will have additional terms as more fully described in the Disclosure Package and the Prospectus and shall be governed by the Indenture. Nil Nil Issuer The Royal Bank of Scotland Group plc Securities $2,650,000,000 aggregate principal amount of 3.875% Senior Notes due 2023 (the “Senior Notes”). Ranking The Senior Notes will constitute our direct, unconditional, unsecured and unsubordinated obligations ranking pari passu without any preference among themselves, equally with all our other outstanding unsecured and unsubordinated obligations, present and future, except such obligations as are preferred by operation of law. Specified Currency USD Issue Size $2,650,000,000 Issue Price 99.970% Trade Date September 7, 2016 Settlement Date September 12, 2016 (T+3) Maturity September 12, 2023 Coupon 3.875% per annum Call Option Not applicable Interest Payment Dates Semi-annually on each 12th day of March and September, commencing on March 12, 2017, up to and including September 12, 2023 Interest Payment Record Dates On the 24th day of each February and August, commencing on February 24, 2017 Format SEC-registered US Treasury Benchmark 1.375% due August 31, 2023 US Treasury Benchmark Yield 1.380% Re-Offer Yield 3.880% Re-Offer Spread to UST T+250 bps Underwriting Discount 0.375% All-in price 99.595% Proceeds, before expenses, to the Issuer $2,639,267,500 Day Count 30/360 Day Count Convention Following, unadjusted Business Days New York and London Agreement with Respect to the Exercise of U.K. Bail-in Notwithstanding any other agreements, arrangements, or understandings between RBSG and any holder or beneficial owner of the Senior Notes, by its acquisition of Power the Senior Notes, each holder and beneficial owner of the Senior Notes acknowledges, accepts, agrees to be bound by and consents to the exercise of any UK bail-in power by the relevant UK resolution authority which may result in (i) the reduction or cancellation of all,...
Bail-In Power. The Notes may be subject to the U.K. bail-in power as described in the Prospectus. Sinking Fund Provisions: No sinking fund provisions. Closing location for delivery of Notes: Offices of Xxxxx Xxxx & Xxxxxxxx London LLP, 0 Xxxxxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx Names and addresses of Representatives: Designated Representatives: [ ] Address for Notices: [ ] CUSIP: [ ] for the Notes ISIN: [ ] for the Notes Stock Exchange Listing: The Company intends to apply to list the Notes on the New York Stock Exchange in accordance with its rules. Other Terms: The Notes will have additional terms as more fully described in the Disclosure Package and the Prospectus and shall be governed by the Indenture.
Bail-In Power. (1) Notwithstanding any other term of this Agreement or any other agreements, arrangements, or understanding among the Bank, any Manager organized in a member state of the European Economic Area which has implemented the Bail-in Legislation or the United Kingdom (together with the Bank, each a “BRRD Party”) and the Managers, each BRRD Party and each Manager acknowledges and accepts that a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority, and acknowledges, accepts, and agrees to be bound by:
(a) the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of a BRRD Party (“Relevant BRRD Party”) to the other BRRD Party or to such Manager under this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof:
(i) the reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon on a permanent basis;
(ii) the conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of the Relevant BRRD Party or another person, and the issue to or conferral on the other BRRD Party or such Manager of such shares, securities or obligations;
(iii) the cancellation of the BRRD Liability; and/or
(iv) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and
(b) the variation of the terms of this Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority.
(2) Neither a reduction, in part or in full, of any BRRD Liability, the conversion thereof into another security or obligation of the Relevant BRRD Party or another person, as a result of the exercise of the Bail-in Power by the Relevant Resolution Authority with respect to the Relevant BRRD Party, nor the exercise of any Bail-in Power by the Relevant Resolution Authority with respect to the Agreement will be an event of default or otherwise constitute non-performance of a contractual obligation, or entitle the Manager to any remedies (including equitable remedies), which are hereby expressly waived.
(3) For purposes of this Article 14:
Bail-In Power. Notwithstanding any other agreements, arrangements, or understandings between the Company and any Holder or Beneficial Owner of the Contingent Capital Notes, by its acquisition of the Contingent Capital Notes, each Holder and Beneficial Owner acknowledges, accepts, agrees to be bound by and consents to the exercise of any U.K. bail-in power by the relevant U.K. resolution authority that may result in (i) the reduction or cancellation of all, or a portion, of the principal amount of, or interest on, the Contingent Capital Notes, (ii) the conversion of all, or a portion of, the principal amount of, or interest on, the Contingent Capital Notes into ordinary shares or other securities or other obligations of the Company or another person and/or (iii) the amendment of the amount of interest due on the Contingent Capital Notes, or the dates on which interest becomes payable, including by suspending payment for a temporary period; which U.K. bail-in power may be exercised by means of variation to the terms of the Contingent Capital Notes solely to give effect to the above. With respect to (i), (ii) and (iii) above, references to principal and interest shall include payments of principal and interest that have become due and payable, but which have not been paid, prior to the exercise of any U.K. bail-in power. Each Holder and Beneficial Owner of the Contingent Capital Notes further acknowledges and agrees that the rights of the Holders and/or Beneficial Owners under the Contingent Capital Notes are subject to, and will be varied, if necessary, solely to give effect to the exercise of any U.K. bail-in power by the relevant U.K. resolution authority. For the avoidance of doubt, the potential conversion of the Contingent Capital Notes into ordinary shares, other securities or other obligations in connection with the exercise of any U.K. bail-in power by the relevant U.K. resolution authority is separate and distinct from the Automatic Conversion following a Conversion Trigger Event.
Bail-In Power. Notwithstanding any other agreements, arrangements, or understandings between the Company and any Holder or Beneficial Owner of the Additional Tier 1 Securities, by purchasing or acquiring the Additional Tier 1 Securities, each Holder (including each Beneficial Owner) of the Additional Tier 1 Securities acknowledges, accepts, agrees to be bound by and consents to the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority that may result in (i) the reduction or cancellation of all, or a portion, of the principal amount of, or interest on, the Additional Tier 1 Securities; (ii) the conversion of all, or a portion, of the principal amount of, or interest on, the Additional Tier 1 Securities into shares or other securities or other obligations of the Company or another person; and/or (iii) the amendment or alteration of the maturity of the Additional Tier 1 Securities, or amendment of the amount of interest due on the Additional Tier 1 Securities, or the dates on which interest becomes payable, including by suspending payment for a temporary period; any U.K. Bail-in Power may be exercised by means of variation of the terms of the Additional Tier 1 Securities solely to give effect to the exercise by the Relevant U.K. Resolution Authority of such U.K. Bail-in Power. With respect to (i), (ii) and (iii) above, references to principal and interest shall include payments of principal and interest that have become due and payable, but which have not been paid, prior to the exercise of any U.K. Bail-in Power. Each Holder and each Beneficial Owner of the Additional Tier 1 Securities further acknowledges and agrees that the rights of the Holders and/or Beneficial Owners under the Additional Tier 1 Securities are subject to, and will be varied, if necessary, solely to give effect to, the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority.
Bail-In Power. The Notes may be subject to the U.K. bail-in power as described in the Prospectus. No sinking fund provisions. Offices of Xxxxx Xxxx & Xxxxxxxx London LLP, 0 Xxxxxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx Designated Representatives: [ ] Address for Notices: [ ] [ ] for the Notes [ ] for the Notes [The Company intends to apply to list the Notes on the New York Stock Exchange in accordance with its rules.]
Bail-In Power. The Senior Notes may be subject to the U.K. bail-in power as described in the Prospectus. No sinking fund provisions. Offices of Xxxxx Xxxx & Xxxxxxxx London LLP, 0 Xxxxxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx Designated Representatives: NatWest Markets Securities Inc. Address for Notices: 000 Xxxxxxxxxx Xxxxxxxxx, Xxxxxxxx, XX 00000, XxxxxxXxxxxx xx Xxxxxxx 639057 AS7 for the Fixed Reset Rate Notes 639057 AR9 for the Floating Rate Notes US639057AS70 for the Fixed Reset Rate Notes US639057AR97 for the Floating Rate Notes
Bail-In Power. The Contingent Capital Notes may be subject to the U.K. bail-in power as described in the Prospectus. Sinking Fund Provisions: No sinking fund provisions. Closing location for delivery of Notes: Offices of Dxxxx Xxxx & Wxxxxxxx London LLP, 5 Xxxxxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx Names and addresses of Representative: Designated Representative: NatWest Markets Securities Inc. Address for Notices: 600 Xxxxxxxxxx Xxxxxxxxx, Xxxxxxxx, XX 00000, Xxxxxx Xxxxxx of America CUSIP: 600000XX0 for the Contingent Capital Notes ISIN: US639057AD02 for the Contingent Capital Notes Stock Exchange Listing: Application has been made to the London Stock Exchange for the Contingent Capital Notes to be admitted to trading on the International Securities Market.
Bail-In Power. The following provisions relate solely to the New Securities for which “Bail-In Agreement” has been specified as being applicable on the face of the relevant Global Security: