Preferred Tier 1 Securities definition

Preferred Tier 1 Securities means, at any time, collectively, the most senior ranking preference shares or any other instrument issued and outstanding from time to time by (i) the Guarantor or (ii) any subsidiary of the Guarantor subject to any Preferred Tier 1 Guarantee.
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Preferred Tier 1 Securities means (i) each class of the most senior ranking preference shares of the Bank, if any, and (ii) preference shares or any other instrument of any subsidiary of the Bank subject to any guarantee or support agreement of the Bank which guarantee or support undertaking ranks on parity with the obligations of the Bank under the Guarantees.
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Preferred Tier 1 Securities of any person means each class of the most senior ranking preference shares of such person and any other instruments of such person (other than common shares) qualify- ing as Tier 1 Regulatory Capital and, if such person is the Bank, Preferred Tier 1 Subsidiary Securities.
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Examples of Preferred Tier 1 Securities in a sentence

  • The Bank hereby agrees to pay a commission of 1.000% of the aggregate liquidation preference of the U.S.$1,000,000,000 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (the “Underwriting Commission”) to the Underwriters, in consideration of the Underwriters agreeing severally, and not jointly, to purchase the Securities from the Bank subject to, and in accordance with, the terms and conditions set forth in this Agreement.

  • The Series 10 4.750% Non-step-up Non-cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (the “Dollar Notes”) shall have no fixed maturity or fixed redemption date.

  • Final Term Sheet dated January 7, 2025 related to Banco Bilbao Vizcaya Argentaria, S.A. Series 14 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities To the Representatives named from time to time in the applicable Pricing Agreement hereinafter described.

  • The Series 13 9.625% Non-step-up Non-cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (the “First Tranche Notes”) shall have no fixed maturity or fixed redemption date.


More Definitions of Preferred Tier 1 Securities

Preferred Tier 1 Securities means (i) each class of our most senior ranking preference shares, if any, and (ii) preference shares or any other instrument of any subsidiary of ours subject to any guarantee or support agreement of ours which guarantee or support undertaking ranks on parity with the our obligations under the Guarantees.
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Preferred Tier 1 Securities means each class of the most senior ranking preference shares of the Bank, if any, and Preferred Tier 1 Subsidiary Securities.
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