Common Equity Tier 1 Capital definition
Examples of Common Equity Tier 1 Capital in a sentence
To the extent permitted by applicable law, the rights and claims of Holders of the Notes shall rank prior to all holders of Common Equity Tier 1 Capital, in accordance with and by virtue of the subordination provisions thereof, and equally with any other Parity Liabilities then outstanding.
For such purpose, the total amount of the write-downs to be allocated pro rata shall be equal to the amount required to restore fully the Common Equity Tier 1 Capital Ratio of the Issuer to 5.125 per cent.
In such case, the Company will endeavor to, as soon as practicable after the Company reports or publicly announces, as applicable, its Consolidated Common Equity Tier 1 Capital Ratio, deliver a written notice to the holders of the Securities, the Trustee and the paying agent in accordance with the terms of the Perpetual Subordinated Indenture, confirming that a Capital Ratio Event shall be deemed to have not occurred.
The Notes are (i) the Bank’s direct, unsecured subordinated obligations, subordinated in right of payment to all existing and future Senior Liabilities in accordance with the subordination provisions of this First Supplemental Indenture; (ii) ranked pari passu with the Bank’s Parity Liabilities; and (iii) senior in right of payment to the payment of the Bank’s Common Equity Tier 1 Capital.
In such case, the Company will endeavor, as soon as practicable after the Company reports or publicly announces, as applicable, its Consolidated Common Equity Tier 1 Capital Ratio, to deliver a written notice to the holders of the Securities, the Trustee and the paying agent in accordance with the terms of this Indenture, confirming that a Capital Ratio Event shall be deemed to have not occurred.