Limitations to the Guarantee Payments in relation to the Distributions. Notwithstanding Clause 2.1, the Bank will not be obliged to make any Guarantee Payment in respect of Distributions (including accrued and unpaid Distributions relating to the Redemption Price or Liquidation Distribution) on any Preferred Securities to the extent that:
Appears in 2 contracts
Samples: Guarantee (Banco Santander, S.A.), Guarantee (Banco Santander, S.A.)
Limitations to the Guarantee Payments in relation to the Distributions. Notwithstanding Clause 2.12.1 (Guarantee), the Bank will not be obliged to make any Guarantee Payment in respect of Distributions (including accrued and unpaid Distributions relating to the Redemption Price or Liquidation Distribution) on any Series 9 Preferred Securities to the extent that:
Appears in 1 contract
Samples: Banco Santander, S.A.
Limitations to the Guarantee Payments in relation to the Distributions. Notwithstanding Clause 2.12.1 (Guarantee), the Bank will not be obliged to make any Guarantee Payment in respect of Distributions (including accrued and unpaid Distributions relating to the Redemption Price or Liquidation Distribution) on any Series 8 Preferred Securities to the extent that:
Appears in 1 contract
Samples: Guarantee (Banco Santander, S.A.)
