Relevant Profits definition

Relevant Profits means the lowest of the relevant Net Profit of the Bank, the Bank Group and the DNB Group;

Relevant Profits means the lowest of the Net Profit of the Issuer and the Issuer Consolidated Situation.

Relevant Profits means the net profit (Jahresüberschuss) or net loss (Jahresfehlbetrag) of the Bank as shown on the Bank’s unconsolidated income statement of the financial statements for the relevant Profit Period as audited by an auditing firm which is notified by the Bank to the BaFin, plus withdrawals from other revenue reserves, if any, accumulated during the term of the Participation Agreement, minus any loss carried forward from the previous year and minus any amount to be allocated to the statutory reserves pursuant to Section 300 of the German Stock Corporation Act, all in compliance and determined in accordance with Applicable Accounting Standards. If, during the term of the silent partnership, the Bank enters into a profit and loss transfer agreement as controlled company, the effect of such profit and loss transfer agreement shall be disregarded when determining the net profit or net loss, provided, however, that in respect of Profit Participation Payments the position of the Silent Partner shall not be less favourable than the position of a holder of other present or future instruments of the Bank qualifying as core capital.

Examples of Relevant Profits in a sentence

• Any Discretionary Reinstatement shall be applied concurrently (or substantially concurrently) and pro rata with other write-ups to be effected out of the Relevant Profits in respect of any Written-Down Additional Tier 1 Instruments.

• The Bank will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does so on a pro rata basis with a Discretionary Reinstatement of the Notes.

• The Relevant Profits will be determined by reference to the Net Profit of Xxxxxxxx as shown by such audited accounts.

• The Bank will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does do on a pro rata basis with a Discretionary Reinstatement of the Notes.

• The Issuer will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does so on a pro rata basis with a Discretionary Reinstatement of the Notes.

More Definitions of Relevant Profits

Relevant Profits means profits, from the employment, in respect of which Class 4 contributions are payable under section 15 for the relevant tax year (or would be payable if the amount of the profits were to exceed the amount specified in subsection (3)(a) of that section in excess of which the main Class 4 percentage is payable).

Relevant Profits means the Net Profits of the Issuer’s Group.

Relevant Profits means the relevant Net Profit of the Bank or the DNB Group, whichever is lower;

Relevant Profits means and be computed in accordance with ---------------- paragraph 2 of this schedule and calculated by reference to the Relevant Accounts;

Relevant Profits as set out in the Schedule

Relevant Profits means assessable profits—

Relevant Profits means the lowest of the relevant Net Profit of the Issuer and the Group;