Tier 2 Conditions definition

Tier 2 Conditions means, in respect of the Tier 2 Notes of each Series, the terms and conditions applicable except that, in relation to any particular Tranche of Notes, it means such Conditions as completed by the relevant Final Terms or, as applicable, as supplemented, amended and/or replaced to the extent described in the Drawdown Prospectus or Securities Note (as the case may be) and any reference to a numbered Condition shall be construed accordingly.
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Tier 2 Conditions means, in respect of the Tier 2 Notes of each Series, the terms and conditions applicable thereto which shall be substantially in the form set out in Schedule 2 Part C Part 2 as modified, with respect to any Tier 2 Notes represented by a Global Certificate or a Global Note, by the provisions of such Global Certificate or Global Note, shall incorporate any additional provisions forming part of such terms and conditions set out in the Final Terms relating to the Tier 2 Notes of that Series, shall be in the case of Tier 2 Notes which are also Exempt Notes as modified and/or replaced by the applicable Final Terms relating to the Tier 2 Notes of that Series and shall be endorsed on the Definitive Notes subject to amendment and completion as referred to in the first paragraph of Schedule 2 Part C Part 2 and any reference to a particularly numbered Tier 2 Condition shall be construed accordingly;
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Examples of Tier 2 Conditions in a sentence

  • Redemption for tax reasons) of the Tier 2 Conditions or the Tier 3 Conditions, as the case may be, become relevant in relation to any Notes, the documents required thereunder.

  • The Trustee may agree with the Issuer without the consent of Noteholders or Couponholders to any modification to this Trust Deed, the Tier 2 Conditions or Tier 3 Conditions, the Agency Agreement or the Calculation Agency Agreement in relation to the Tier 2 Notes or Tier 3 Notes (as applicable) which, in the opinion of the Trustee, is of a formal, minor or technical nature or to correct a manifest error.

  • The Trustee shall not be under any duty to monitor whether any event or circumstance has happened or exists within Condition 6 of the Tier 2 Conditions or Condition 6 of the Tier 3 Conditions and will not be responsible to Noteholders for any loss arising from any failure by it to do so.

  • The Trustee may agree with the Issuer without the consent of the Noteholders or Couponholders to any modification to this Trust Deed, the Tier 2 Conditions or Tier 3 Conditions, the Agency Agreement or the Calculation Agency Agreement in relation to the Tier 2 Notes or Tier 3 Notes (as applicable) which is in its opinion not materially prejudicial to the interests of the Noteholders, provided that such power shall not extend to any of the matters specified in the proviso to paragraph 2 of Schedule 3.

  • No modification to the Tier 2 Conditions or Tier 3 Conditions or any provisions of the Trust Deed or substitution under Clause 15.2 shall become effective unless the Issuer shall have given at least one month's prior written notice to, and received no objection from, the Relevant Regulator (or such shorter period of notice as the Relevant Regulator may accept) (so long as there is a requirement to give such notice).

  • The tiers are as follows:• Tier 1: Conditions for STIP approval• Tier 2: Conditions for STIP amendment approval• Tier 3: Conditions for project approvals Federal Action DefinitionsThe FPF outlines the Federal planning regulations for which there are findings based on review of the STIP and other required planning processes and activities.

  • For the avoidance of doubt, any payment which is deferred or suspended in accordance with Tier 2 Conditions shall not be considered due for the purposes of this Clause 7.1.

  • The Tier 2 Conditions are based on English law, (in respect of certain provisions in relation to Notes issued by Sampo) Finnish law and (in respect of certain provisions in relation to Notes issued by If P&C) Swedish law in effect as at the date of this Base Prospectus.

  • The Tier 2 Conditions are based on English law and (in respect of certain provisions) Finnish law in effect as at the date of this Base Prospectus.

  • No modification to the Tier 2 Conditions or Tier 3 Conditions or any provisions of the Trust Deed or substitution under Clause 15.2 shall become effective unless the Issuer shall have given at least one month’s prior written notice to, and received no objection from, the Relevant Regulator (or such shorter period of notice as the Relevant Regulator may accept) (so long as there is a requirement to give such notice).

Related to Tier 2 Conditions

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Minimum Condition has the meaning set forth in Annex I.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without limitation, the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be but are not required to be measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; (xxviii) gross or net authorizations; (xxix) backlog; or (xxx) any combination of the foregoing. Any one or more of the aforementioned performance criteria may be stated as a percentage of another performance criteria, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices.

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Qualifying medical condition means seizure disorder,

  • Additional Conditions means the terms and conditions set out in the Offer Document.

  • Extension Conditions Defined in Section 3.06(a).

  • Eligibility and selection criteria means criteria for determining:

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

  • Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement.

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Change in condition means a change in physical condition of the employee as well as any change