Subordinated Capital Notes definition

Subordinated Capital Notes means, as it relates to Limestone, $25 million in 5.75% fixed-to-floating rate subordinated notes issued under an Indenture, dated July 23, 2019, by and between Limestone and Wilmington Trust, National Association, as trustee, as supplemented by that certain Authentication Order of Limestone, dated July 31, 2020.
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Subordinated Capital Notes means Subordinated Notes the proceeds of which are intended to qualify as Regulatory Capital in accordance with the relevant Regulatory Capital Requirements;
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Subordinated Capital Notes has the meaning set out in Condition 3.8; "Subordinated Notes" has the meaning set out in Condition 3.8;‌
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Examples of Subordinated Capital Notes in a sentence

  • Amendment Option to disapply the Contractual Write Off Condition for Subordinated Capital Notes pursuant to Condition 6.10 (Disapplication of Contractual Conversion Condition or Contractual Write Off Condition)Not applicable68.

  • Substitution and variation for Subordinated Capital Notes upon a Change in LawNot applicable66.

  • Amendment Option to disapply the Contractual Conversion Condition for Subordinated Capital Notes pursuant to Condition 6.10 (Disapplication of Contractual Conversion Condition or Contractual Write Off Condition)Not applicable67.

  • Any redemption of Tier 2 Notes prior to their Maturity Date (other than redemption for regulatory capital reasons as contemplated in Condition 11.5 (Redemption of Subordinated Capital Notes for Regulatory Capital reasons)), requires the prior written approval of the Relevant Authority.

  • Amendment Option to disapply the Contractual Conversion Condition for Subordinated Capital Notes pursuantNot applicableto Condition 6.10 ( Disapplication ofContractual Conversion Condition or Contractual Write Off Condition) 67.

  • For the avoidance of doubt, Subordinated Supplementary Capital Notes combine certain terms and conditions of Supplementary Capital Notes and Subordinated Capital Notes and are aimed to be accountable (if the Issuer so decides) as Supplementary Capital for the first five years of their term and as Subordinated Capital for the remainder of their term.

  • Subject to the Regulatory Capital Requirements and the written instructions received from the Relevant Authority, Write Off or Conversion of Subordinated Capital Notes, as applicable, need only occur up until the point where the Issuer is deemed by the Relevant Authority to be viable again, as specified in writing by the Relevant Authority.

  • Investor Put: [Applicable/Not Applicable]( If not applicable, delete the remaining subparagraphs of this paragraph) Consent of the Prudential Authority will be necessary where Notes are Subordinated Notes that are also Subordinated Capital Notes.

  • Subordinated Notes that are not Subordinated Capital Notes constitute direct, unsecured and subordinated obligations of the Issuer and rank pari passu without any preference among themselves and at least pari passu with all other Subordinated Indebtedness, save for those which have been accorded preferential rights by law, or as otherwise set out in the Applicable Pricing Supplement (Notes).

  • This Condition 6.7 ( Conversion of Convertible Subordinated Capital Notes upon a Trigger Event) applies only to Convertible Subordinated Capital Notes and is referred to as the “Contractual Conversion Condition” in the Note Terms and Conditions.

Related to Subordinated Capital Notes

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Principal Debt means, for a Lender and at any time, the unpaid principal balance of all outstanding Borrowings from such Lender hereunder.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.