Other Tier I Securities definition

Other Tier I Securities means any securities which are Tier I Capital of the Issuer and which rank on a voluntary or involuntary liquidation or bankruptcy of the Issuer pari passu with the Notes.
Sample 1Sample 2
Other Tier I Securities. ’ means any securities or obligations (however named or designated) which are Tier I Capital of the Issuer and which rank on a voluntary or involuntary liquidation or bankruptcy of the Issuer pari passu with the Notes and which will thus currently include any outstanding ISK 1,000,000,000 CPI Linked Perpetual Bonds, any outstanding ISK 800,000,000 CPI Linked Perpetual Bonds, any outstanding ISK 1,000,000,000 CPI Linked Perpetual Bonds and any outstanding k100,000,000 Non-cumulative Undated EUR TEC10 CNO Indexed Floating Rate Capital Notes, issued in each case by the Issuer.
Sample 1
Other Tier I Securities. ’ means any securities or obligations (however named or designated) which are Tier I Capital of the Issuer and which rank on the insolvency or voluntary or involuntary liquidation of the Issuer pari passu with the Capital Notes.
Sample 1

Examples of Other Tier I Securities in a sentence

  • A more detailed description of the public housing units in Biloxi can be found on pages 75 and 76.

  • At the Deferral End Date the Issuer will make full or partial payment of all deferred but unpaid interest under the Capital Notes, such other Capital Securities, Other Tier I Securities and Tier I Guarantees pro rata to the extent the Issuer has accrued any Unallocated Distributable Pro¢ts, as determined by the Board of Directors of the Issuer, in such ¢scal year.

  • Payments of interest on any Interest Payment Date in respect of Capital Notes may not exceed, taking into account all payments previously made in that ¢scal year in respect of the Capital Notes, other Capital Securities ranking pari passu with the Capital Notes, Other Tier I Securities and Tier I Guarantees, the Available Distributable Funds (as de¢ned below).


More Definitions of Other Tier I Securities

Other Tier I Securities means any securities which are Tier I Capital of the Company and which rank on a voluntary or involuntary liquidation or bankruptcy of the Company pari passu with the Notes.
Sample 1
Other Tier I Securities means any securities which are Tier I Capital of the Issuer and which rank on an insolvency or a voluntary or involuntary liquidation of the Issuer pari passu with the Capital Notes.Subsidiary means, in relation to the Issuer, any company (i) in which the Issuer holds a majority of the voting rights or (ii) of which the Issuer is a member and has the right to appoint or remove a majority of the board of directors or (iii) of which the Issuer is a member and controls a majority of the voting rights, and includes any company which is a Subsidiary of a Subsidiary of the Issuer.
Sample 1

Related to Other Tier I Securities

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.