Common use of Regulatory Event Redemption Clause in Contracts

Regulatory Event Redemption. Subject to Section 2.07 of this Second Supplemental Indenture and Sections 11.10 and 11.11 of the Base Indenture as amended hereby, the Company may, at the Company’s option, at any time, redeem the Securities, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but excluding) the date fixed for redemption, if, on or after the Issue Date, there occurs a change in the regulatory classification of the Securities that results in, or would be likely to result in the whole or any part of the outstanding aggregate principal amount of the Securities at any time being excluded from or ceasing to count towards, the Group’s Tier 2 Capital.

Appears in 1 contract

Samples: Indenture (Barclays PLC)

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Regulatory Event Redemption. Subject to Section 2.07 2.06 of this Second Fifth Supplemental Indenture and Sections 11.10 and 11.11 of the Base Indenture as amended herebyIndenture, the Company may, at the Company’s option, at any time, redeem the Securities, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but excluding) the date fixed for redemption, if, on or after the Issue Date, there occurs a change in the regulatory classification of the Securities that results in, or would be likely to result in the whole or any part of the outstanding aggregate principal amount of the Securities at any time being excluded from or ceasing to count towards, the Group’s Tier 2 Capital.

Appears in 1 contract

Samples: Indenture (Barclays PLC)

Regulatory Event Redemption. Subject to Section 2.07 2.06 of this Second Fourth Supplemental Indenture and Sections 11.10 and 11.11 of the Base Indenture as amended herebyIndenture, the Company may, at the Company’s option, at any time, redeem the Securities, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but excluding) the date fixed for redemption, if, on or after the Issue Date, there occurs a change in the regulatory classification of the Securities that results in, or would be likely to result in the whole or any part of the outstanding aggregate principal amount of the Securities at any time being excluded from or ceasing to count towards, the Group’s Tier 2 Capital.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Barclays PLC)

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Regulatory Event Redemption. Subject to Section 2.07 of this Second First Supplemental Indenture and Sections 11.10 and 11.11 of the Base Indenture as amended herebyIndenture, the Company may, at the Company’s option, at any time, redeem the Securities, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but excluding) the date fixed for redemption, if, on or after the Issue Date, there occurs a change in the regulatory classification of the Securities that results in, or would be likely to result in the whole or any part of the outstanding aggregate principal amount of the Securities at any time being excluded from or ceasing to count towards, the Group’s Tier 2 CapitalCapital (a “Regulatory Event”).

Appears in 1 contract

Samples: Indenture (Barclays PLC)

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