Prevailing Notional Amount definition

Prevailing Notional Amount means the principal amount of each Tier 1 Bond outstanding at any given time, accounting for any Contingent Write-down, Subsequent Write-down or write-off following a Viability Event that may have occurred.
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Prevailing Notional Amount means the principal amount of each 2021 USD Tier 1 Bond outstanding at any given time, accounting for any Contingent Write-down or Subsequent Write-down that may have occurred.
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Prevailing Notional Amount means the principal amount of each 2019 CHF Tier 1 Bond outstanding at any given time, accounting for any Contingent Write-down (as defined below) or Subsequent Write-down (as defined below) that may have occurred.Redemption for Subject to “Redemption Conditions” below and upon the occurrence ofTaxation Reasons: a Tax Event, the 2019 CHF Tier 1 Bonds may be redeemed at the optionof the Issuer in whole, but not in part, at any time, on giving not less than thirty (30) days’ notice to the Holders in accordance with Condition 12 (Notices) and notifying the date fixed for redemption at their Prevailing Notional Amount together with any accrued, but unpaid interest to (but excluding) the date fixed for such redemption.
Sample 1

Examples of Prevailing Notional Amount in a sentence

  • If the Write-down Amount is equal to the Prevailing Notional Amount, the claims of the Holders are reduced to zero and the Tier 1 Bonds shall be cancelled.

  • Subject to Conditions 2(b), 2(c), 8 and 9 below, if interest is required to be paid on any date other than a scheduled Interest Payment Date, it shall be calculated by applying the relevant Rate of Interest to the Prevailing Notional Amount, multiplying the product by the Day Count Fraction, rounding the resulting figure to the nearest cent (half a cent being rounded upwards).

  • If a Viability Event has occurred, the claims of the Holders against the Issuer to receive repayment of the Prevailing Notional Amount on the Redemption Date (if any) shall be reduced to zero with effect as of the relevant Write-down Date.

  • The Issuer will use reasonable endeavours to have the 2019 CHF Tier 1 Bonds listed on the SIX Swiss Exchange and to maintain such listing up to (i) the Redemption Date, if any, pursuant to Condition 3, or (ii) to a Write-down Date, if any, on which the Prevailing Notional Amount of the 2019 CHF Tier 1 Bonds is reduced to zero, pursuant to Condition 8 or 9, as the case may be.

  • Initial Fixed Interest RateThe Tier 1 Bonds will bear interest from (and including) 15 July 2019 (the " Issue Date") to (but excluding) 15 November 2024 (the "First Call Date") at a fixed rate equal to 2.50 per cent per annum, payable annually in arrears on 15 November of each year (each an "Interest Payment Date") on the Prevailing Notional Amount, for the first time on 15 November 2019 (short first coupon) and for the last time on the First Call Date.

  • If the Write-down Amount is equal to the Prevailing Notional Amount, the claims of the Holders are reduced to zero and the 2019 CHF Tier 1 Bonds shall be cancelled.

  • Redemption upon the non-occurrence of the closing of the Acquisition of cashgateSubject to the prior written approval of the Regulator and Condition 3(b)(ii) and (iii), if a Non-Acqui- sition Event has occurred, the Issuer is required to redeem the Tier 1 Bonds at 101% of their Prevailing Notional Amount together with any accrued, but unpaid interest to (but excluding) the Non-Acquisition Event Redemption Date.

  • In either case, if the Write-down Amount is equal to the Original Notional Amount or the Prevailing Notional Amount (as applicable), the claims of the Holders are reduced to zero and the 2020 USD Tier 1 Bonds shall be cancelled.

  • No interest on Write-down Amount, no event of default Following a Contingent Write-down or a Subsequent Write-down, the Tier 1 Bonds shall not carry any interest on any Write-down Amount and interest will only accrue on the resulting Prevailing Notional Amount.

  • Subject to Conditions 2(b), 2(c), 8 and 9 below, if interest is required to be paid on any date, it shall be calculated by applying the relevant Rate of Interest to the Prevailing Notional Amount, multiplying the product by the Day Count Fraction, rounding the resulting figure to the nearest cent (half a cent being rounded upwards).


More Definitions of Prevailing Notional Amount

Prevailing Notional Amount means the principal amount of each 2020 Tier 1 Bond outstanding at any given time, accounting for any Contingent Write-down (as defined below) or Subsequent Write-down (as defined below) that may have occurred. Interest Rate: The rate of interest applicable to the 2020 USD Tier 1 Bonds shall be:
Sample 1

Related to Prevailing Notional Amount

  • Transaction Notional Amount means (A) in respect of any Transaction that is a cross currency hedge, the Base Currency Equivalent of the Currency Amount applicable to Party A’s payment obligations and (B) in respect of any other Transaction, the Base Currency Equivalent of the Notional Amount.

  • Original Notional Amount With respect to the Class X-1 Notional Amount and Class X-2 Notional Amount, the initial Notional Amount thereof as of the Closing Date, as specified in the Preliminary Statement.

  • Additional Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest (as defined in the Indenture) paid by the Depositor on a Like Amount of Debentures for such period.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;