Tier 1 Qualification Election definition

Tier 1 Qualification Election has the meaning set forth in the LLC Agreement.
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Tier 1 Qualification Election has the meaning specified in Section 10.04(k) hereof.
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Tier 1 Qualification Election means the election of the Bank by notice to the Company to replace specified terms of all or a portion of each and every Trust Preferred Security or Class B Preferred Security, as applicable, with terms specified to be applicable from and after such election. The date written on such Tier 1 Qualification Election notice to the Company is the date of the Tier 1 Qualification Election.
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Examples of Tier 1 Qualification Election in a sentence

  • As a result of the Tier 1 Qualification Election, the capital payments (as defined in the Agreement) will be modified from cumulative to noncumulative capital payments from the date of the election on a prospective basis.On October 10, 2008 DBAG elected to make the one-time Tier 1 Qualification Election as more fully described above.

  • As a result of the Tier 1 Qualification Election, the capital payments (as defined in the Agreement) will be modified from cumulative to noncumulative capital payments from the date of the election on a prospective basis.On October 10, 2008, DBAG elected to make the one time Tier 1 Qualification Election as more fully described above.

  • On October 10, 2008, DBAG elected to make the one time Tier 1 Qualification Election as more fully described above.

  • As a result of the Tier 1 Qualification Election, the Capital Payments (as defined in the Agreement) were modified from cumulative to noncumulative Capital Payments from the date of the election on a prospective basis.

  • As a result of the Tier 1 Qualification Election, the Capital Payments (as defined in the Agreement) are modified from cumulative to noncumulative Capital Payments from the date of the election on a prospective basis.

  • The provisions of this Section 7.02 shall apply solely with respect to Capital Payments in respect of the Tier 1 Percentage for all Payment Periods from and including the Payment Period during which the Tier 1 Qualification Election with respect to the Specified Increment arising from such Tier 1 Qualification Election, occurred.

  • On October 10, 2008 DBAG elected to make the one-time Tier 1 Qualification Election as more fully described above.

  • To the extent and in the manner described in the Trust Agreement, (x) Capital Payments on the Upper Tier 2 Percentage of the Trust Preferred Securities shall be cumulative and (y) Capital Payments on each portion of the Tier 1 Percentage of the Trust Preferred Securities shall be noncumulative from the first day of the Payment Period during which the related Tier 1 Qualification Election occurred, if any, with respect to such portion.

  • As a result of the Tier 1 Qualification Election, the capital payments (as defined in the Agreement) will be modified from cumulative to noncumulative capital payments from the date of the election on a prospective basis.

  • As a result of the Tier 1 Qualification Election, the capital payments (as defined in the Agreement) would be modified from cumulative to noncumulative capital payments from the date of the election on a prospective basis.


More Definitions of Tier 1 Qualification Election

Tier 1 Qualification Election means the election of the Bank, made pursuant to Section 10.04(k) of the LLC Agreement, to treat all or a percentage of each and every Class B Preferred Security as consolidated Tier 1 Regulatory Capital and as a consequence to replace, from and after the first day of the Payment Period during which such election occurs, specified terms of all or such portion of each and every Class B Preferred Security and Trust Preferred Security with terms specified in the LLC Agreement and this Agreement, as applicable, to be then applicable to the Tier 1 Percentage of the Class B Preferred Securities and Trust Preferred Securities, as applicable.
Sample 1Sample 2
Tier 1 Qualification Election means the election of the Bank to replace specified terms of all or a portion of each and every Trust Preferred Security or Class B Preferred Security, as applicable, with terms specified to be applicable from and after such election.
Sample 1Sample 2
Tier 1 Qualification Election means the election of the Bank on one or more occasions prior to June 30, 2013 to treat all or a portion of each and every Class B Preferred Security as consolidated Tier 1 regulatory capital and as a consequence to replace, from and after the first day of the Payment Period during which such election occurs, specified terms of all or such portion of each and every Class B Preferred Security and Trust Preferred Security with terms specified to be then applicable.
Sample 1
Tier 1 Qualification Election means the election of the Bank, made pursuant to Section 10.04(k) of the LLC Agreement, to treat all or a percentage of each and every Class B Preferred Security as consolidated Tier 1 Regulatory Capital and as a consequence to replace, from and after the first day of the Payment Period during which such election occurs, specified terms of all or such portion of each and every
Sample 1
Tier 1 Qualification Election means the election of the Bank on one or more occasions prior to June 30, 2013 to treat all or a portion of each and every Class B Preferred Security issued on or about March 30, 2010 as consolidated Tier 1 regulatory capital and as a consequence to replace, from and after the first day of the Payment Period during which such election occurs, specified terms of all or such portion of each and every Class B Preferred Security issued on or about March 30, 2010 and Trust Preferred Security issued on or about March 30, 2010 with terms specified to be then applicable.
Sample 1

Related to Tier 1 Qualification Election

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Qualification Period means the period of time in which a CDC Owner, Operator or a Qualified Colocation Tenant is eligible for Program benefits and means specifically (a) in respect to a CDC Owner or Operator, as defined in subsection IX.A. and (b) in respect to a CDC Qualified Colocation Tenant, as defined in subsection IX.B.

  • Qualification Date means the date as of which the Offering Statement was or will be qualified with the Commission pursuant to Regulation A, the Act and the Rules and Regulations; and

  • pre-qualification means a screening process designed to ensure that invitations to bid are confined to capable providers;

  • Primary election means any regular primary election held under the election

  • Local special election means a special election called by the governing body of a

  • Qualification Deadline has the meaning set forth in Section 2(a)(ii).

  • Statewide special election means a special election called by the governor or the

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Special election means an election held as authorized by Section 20A-1-203.

  • Regular primary election means the election on the fourth Tuesday of June of

  • LCA Election has the meaning specified in Section 1.09(a).

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Early Opt-in Election means the occurrence of:

  • Nondisqualification Opinion An Opinion of Counsel, prepared at the Trust’s expense and payable from the Collection Account, that a contemplated action will not cause (i) either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or (ii) a “prohibited transaction” or “prohibited contributions” tax to be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC at any time that any Certificates are outstanding.

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Impermissible Qualification means, relative to the opinion or certification of any independent public accountant as to any financial statement of the Borrower, any qualification or exception to such opinion or certification:

  • Section 336(e) Election has the meaning set forth in Section 7.06.