Relevant Capital definition

Relevant Capital means lower additional capital (in the case of Notes which have a Maturity Date) or upper additional capital in the case of Notes which do not have a Maturity Date or, following the implementation of any Future Regulations, Future Tier Two Capital;

Relevant Capital means Tier 1 Capital.

Relevant Capital means Tier 1 Capital. “Relevant Profits” means the Net Profits.

Examples of Relevant Capital in a sentence

• Nothing in these Conditions shall confer rights on the Holder of any Relevant Capital Instrument or any other person other than the Holders.

• Neither IAL nor IAG has any obligation to issue or to keep on issue any Relevant Tier 1 Securities or Relevant Tier 2 Securities.The following table is a simplified diagram of the order in which conversion or write-off of Relevant Capital Instruments is required to occur if a Non-Viability Determination is made in respect of either IAG or IAL and the determination does not require all Relevant Capital Instruments to be converted or written-off.

• To the extent that those losses are insufficient to relieve the whole of the Relevant Capital Gain and any other capital gains realised by the Shareholder in the Year of Disposal, CGT will be payable by the Shareholder if and to the extent that the net capital gains exceed the Annual Exemption for that year.

• See the section entitled Risk Factors—Risks Relating to the Subordinated Notes—Risk of mandatory Conversion or Write-Off on account of non-viability of the Issuer or Statutory Fund—Conversion or write-off of Relevant Capital Instruments above.

• Such Power to Write-Down and Convert Capital Instruments will, in particular, be given if either (i) the conditions for resolution as set out above have been met, (ii) the appropriate authority determines that unless that power is exercised in relation to the Relevant Capital Instruments, the institution or group will no longer be viable (the so- called point of non-viability or PONV) or (iii) the institution requires public financial support.

• On the date on which a Non-Viability Trigger Event occurs (the Conversion Date), the Issuer must convert or write-off Relevant Capital Instruments (including the Subordinated Notes in accordance with this Condition 8.2(b)), in accordance with the Non-Viability Determination.

• While a person remains a Limited Partner, he is not entitled either directly or indirectly to draw out or receive back the whole or part of any Relevant Capital Contribution made by him to the Partnership.

• Transportation of such material shall be provided by the Contractor.

• Occurrence of a Non-Viability Trigger EventA Non-Viability Trigger Event occurs when APRA has provided a written determination to the Issuer that the conversion or write-off of certain Relevant Capital Instruments is necessary because (i) without the conversion or write-off, APRA considers that the Issuer would become non-viable or (ii) without a public sector injection of capital into, or equivalent capital support with respect to the Issuer, APRA considers that the Issuer would become non-viable.

• In the case of a Non-Viability Determination provided in accordance with Condition 8.2(a)(ii), all Relevant Capital Instruments then outstanding shall be converted or written-off by the Issuer (and accordingly, in such circumstances, the Non-Viability Amount shall be the aggregate face value of all Relevant Capital Instruments).

More Definitions of Relevant Capital

Relevant Capital means any capital belonging to the applicant or partner (to include all savings, investments, shares, property and other valuable items with a single item value in excess of £1000) excluding the value of any equity in the

Relevant Capital means any capital belonging to the applicant or partner (to include all savings, investments, shares, property and other valuable items with a single item value in excess of £1000) excluding the value of any equity in the applicant’s principal private dwelling house (up to £200,000), and excluding the value of the applicant’s main motor vehicle (up to £5000).

Relevant Capital means, in respect of any Dated Subordinated Notes, Tier 2 Capital and, in the respect of any Additional Tier 1 Notes, Tier 1 Capital.

Relevant Capital the amount of MOP25,000 in the equity capital of the Company, representing the entire issued equity capital of the Company as at the date hereof and as at Completion;