Capital Disqualification Event Redemption. Subject to the satisfaction of the Solvency Condition and the pre-conditions described in Section 3.13 and Section 3.14 hereof, the Company may, at the Company’s option and in its sole discretion, at any time redeem the Contingent Capital Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Contingent Capital Notes together with any Accrued Interest to (but excluding) the date fixed for redemption, if, at any time on or after the Issue Date, a Capital Disqualification Event has occurred.
Appears in 2 contracts
Samples: Eighth Supplemental Indenture (NatWest Group PLC), Fourth Supplemental Indenture (Royal Bank of Scotland Group PLC)
Capital Disqualification Event Redemption. Subject to the satisfaction of the Solvency Condition and the pre-conditions described in Section 3.13 2.12 and Section 3.14 2.13 hereof, the Company may, at the Company’s option and in its sole discretion, at any time redeem the Contingent Capital Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Contingent Capital Notes together with any Accrued Interest to (but excluding) the date fixed for redemption, if, at any time on or after the Issue Date, a Capital Disqualification Event has occurredoccurred and is continuing.
Appears in 1 contract
Samples: First Supplemental Indenture (Royal Bank of Scotland Group PLC)
Capital Disqualification Event Redemption. Subject to the satisfaction of the Solvency Condition and the pre-conditions described in Section 3.13 3.12 and Section 3.14 3.13 hereof, the Company may, at the Company’s option and in its sole discretion, at any time redeem the Contingent Capital Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Contingent Capital Notes together with any Accrued Interest to (but excluding) the date fixed for redemption, if, at any time on or after the Issue Date, a Capital Disqualification Event has occurred.
Appears in 1 contract
Samples: Third Supplemental Indenture (Royal Bank of Scotland Group PLC)