Common use of PRA Clause in Contracts

PRA. The Company may only make a Company Request as provided under Article 4 of this Subordinated Debt Securities Indenture provided that (a) such right shall only apply to the extent not prohibited by CRD and (b) the Company (except to the extent that the Capital Regulations do not so require) has notified the PRA of its intention to do so before the Company makes such Company Request, the PRA has granted permission and the Company has complied with any other requirement of the Capital Regulations and/or PRA applicable at the time.

PRA. The Company may only make a Company Request as provided under Article 4 of this Subordinated Debt Securities Indenture provided that (a) such right shall only apply to the extent not prohibited by CRD IV and (b) the Company (except to the extent that the Capital Regulations do not so require) has notified the PRA of its intention to do so before the Company makes such Company Request, the PRA has granted permission and the Company has complied with any other requirement of the Capital Regulations and/or PRA applicable at the time.

PRA. The Company may only make a Company Request as provided under Article 4 of this Subordinated Debt Securities Indenture provided that (a) such right shall only apply to the extent not prohibited by CRD and IV, (b) the Company (except to the extent that the Capital Regulations do not PRA no longer so requirerequires) has notified the PRA of its intention to do so at least one month (or such other, longer or shorter period, as the PRA may then require or accept) before the Company makes such Company Request, Request and no objection thereto has been raised by the PRA or (if required) the PRA has granted permission provided its consent thereto and (c) the Company has complied with any other requirement of the Capital Regulations and/or PRA applicable at the time.