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.
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.
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.

Examples of Preferred Tier 1 Securities in a sentence

  • BANCO BILBAO VIZCAYA ARGENTARIA, S.A. $1,000,000,000 Series 9 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities No.[•] $[•] CUSIP NO.

  • Series 2 €1,500,000,000 Non-Step-up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities.

  • BANCO BILBAO VIZCAYA ARGENTARIA, S.A. $1,000,000,000 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities No. $500,000,000 CUSIP NO.

  • If the dividend or other pay- ment or distribution on Preferred Tier 1 Securities was in the full stated amount payable on such Pre- ferred Tier 1 Securities in the then current fiscal year through the Payment Date, Capital Payments will be deemed declared at the Stated Rate in full for the then current fiscal year through such Payment Date.

  • Series 1 $1,500,000,000 Non-Step-up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities.

  • By /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Managing Director By /s/ Xxxxxx X Xxxxxx Name: Xxxxxx X Xxxxxx Title: Vice President SCHEDULE I Name of Underwriter Liquidation Preference of U.S.$1,000,000,000 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities Barclays Capital Inc.

  • This is, as I think all parties were disposed to accept, an area of law which is in the course of development and in my judgment Samsung has a realistic prospect of persuading a judge at a full trial that in the circumstances of this case Article 101 TFEU required the effective transfer to UP of Ericsson’s FRAND obligation so that UP could not obtain more favourable terms from its licensees than Ericsson could itself have obtained.

  • BANCO BILBAO VIZCAYA ARGENTARIA, S.A. $1,000,000,000 Series 12 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities No. [•] $[•] CUSIP NO.

  • 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.

  • 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.


More Definitions of Preferred Tier 1 Securities

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.
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.

Related to Preferred Tier 1 Securities

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

  • Preferred Equity Interest in any Person, means an Equity Interest of any class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over Equity Interests of any other class in such Person.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Hybrid Preferred Securities Subsidiary means any Delaware business trust (or similar entity) (i) all of the common equity interest of which is owned (either directly or indirectly through one or more wholly-owned Subsidiaries of the Company) at all times by the Company or a wholly-owned direct or indirect Subsidiary of the Company, (ii) that has been formed for the purpose of issuing Hybrid Preferred Securities and (iii) substantially all of the assets of which consist at all times solely of Junior Subordinated Debt issued by the Company or a wholly-owned direct or indirect Subsidiary of the Company (as the case may be) and payments made from time to time on such Junior Subordinated Debt.

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Preferred Equity means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Parity Securities has the meaning specified therefor in Section 2.02(b) of this Agreement.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • 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.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).