Relevant Tier 2 Security definition

Relevant Tier 2 Security means, where a Non-Viability Trigger Event occurs, a Tier 2 Capital Security that, in accordance with its terms or by operation of law, is capable of being converted into Ordinary Shares or written-off upon the occurrence of that event.
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Relevant Tier 2 Security means a security forming part of the Tier 2 Capital of the Issuer on a “Level 1 basis” or “Level 2 basis” in accordance with the Prudential Standards which, upon the occurrence of a Non-Viability Trigger Event, may be either:
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Relevant Tier 2 Security means a security and any other security forming part of the Tier 2 Capital of MBL that is capable of being subject to Loss Absorption where a Non-Viability Event occurs;
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Examples of Relevant Tier 2 Security in a sentence

  • Relevant Tier 2 Security means a security (other than the Notes) forming part of the Tier 2 Capital of Westpac on a Level 1 basis or Level 2 basis as described in the Prudential Standards which, upon the occurrence of a Non-Viability Trigger Event, may be either: (a) converted into Ordinary Shares; or (b) written-off or written-down (and all rights and claims of the holders terminated).

  • Information retrieval can successfully provide services like search or recommen- dation only once different senses in the corpus are distinguished.

  • Equal Ranking Obligations means any instrument that ranks in a Winding-Up of the Issuer as the most junior claim in the Winding-Up of the Issuer ranking senior to Junior Ranking Obligations and includes the Subordinated Notes of any Series any other instrument issued as a Relevant Tier 2 Security or which ranks or is expressed to rank equally with the Subordinated Notes of any Series or any of the Issuer’s other Relevant Tier 2 Securities.


More Definitions of Relevant Tier 2 Security

Relevant Tier 2 Security means a security forming part of our Tier 2 Capital on a Level 1 basis or Level 2 basis.
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Relevant Tier 2 Security means, where a Non-Viability Trigger Event occurs, a Tier 2 Capital Security, including the Subordinated Notes that, in accordance with its terms or by operation of law, is capable of being converted into Ordinary Shares or written-off where that event occurs.
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Relevant Tier 2 Security means a security forming part of the Tier 2 Capital of the Issuer on a Level 1 basis or Level 2 basis;
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Relevant Tier 2 Security means, where a Non-Viability Trigger Event occurs, a Tier 2 Capital Security that, in accordance with its terms or by operation
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Related to Relevant Tier 2 Security

  • Unrestricted Certificated Security means a Certificated Security that is not a Restricted Security.

  • Restricted Security has the meaning assigned to such term in Rule 144(a)(3) under the Securities Act; provided, however, that the Trustee shall be entitled to receive, at its request, and conclusively rely on an Opinion of Counsel with respect to whether any Note constitutes a Restricted Security.