Examples of Common Equity Tier 1 Capital Ratio in a sentence
Under the Terms and Conditions of the Notes, the nominal amount of the Notes is subject to a write-down ("Write-down") if the Issuer's common equity tier 1 capital ratio pursuant to Article 92(2)(a) of Regulation (EU) No. 575/2013, as supplemented or amended from time to time (Capital Requirements Regulation, "CRR"), determined on a consolidated basis (the "Common Equity Tier 1 Capital Ratio") falls below 5.125% (the "Trigger Event").
If a Write Down Event has occurred any Write Down Measures that are being applied shall apply until the Common Equity Tier 1 Capital Ratio of the Borrower is not less than 5.125 per cent.
Moreover, the capital conservation buffer is newly introduced limits and minima by Basel III, such as minimum Common Equity Tier 1 Capital Ratio “CET1” of 9 percent (including CCB) and minimum T1 Capital Ratio of 10.5 percent (including CCB).
Furthermore, upon the occurrence of an Automatic Conversion, the Holders will not be entitled to any compensation in the event of any improvement in the Group's Common Equity Tier 1 Capital Ratio after the Conversion Date.
See "The circumstances surrounding or triggering an Automatic Conversion are unpredictable, and there are a number of factors that could affect the Common Equity Tier 1 Capital Ratio of the Group" below.