Tier 2 Instrument means any contractually subordinated obligation (créditos subordinados) of Banco Santander according to Article 92.2º of the Spanish Insolvency Law, ranking as a tier 2 instrument (instrumentos de capital de nivel 2) under Additional Provision 14.3º(b) of Law 11/2015.
Tier 2 Instrument means any (directly or indirectly issued) capital instrument or subordinated loan instrument of the Issuer that qualifies as a Tier 2 instrument pursuant to Article 63 CRR (including, but not limited to, any capital instrument or subordinated loan instrument or other instrument that qualifies as Tier 2 instrument pursuant to transitional provisions under the CRR).
Tier 2 Instrument means any instrument of the Company qualifying as Tier 2 Capital in whole or in part from time to time.
Examples of Tier 2 Instrument in a sentence
Tier 2 Instrument means any contractually subordinated obligation of the Issuer constituting a Tier2 instrument (instrumentos de capital de nivel 2) in accordance with the Applicable Banking Regulations and as referred to in Additional Provision 14.3(b) of Law 11/2015, as amended or replaced.
Tier 2 Instrument means any contractually subordinated obligation of the Issuer constituting a Tier2 instrument (instrumentos de capital de nivel 2) in accordance with the Applicable Banking Regulations.
Tier 2 Instrument means any contractually subordinated obligation of the Issuer constituting a Tier2 instrument (instrumentos de capital de nivel 2) in accordance with the Applicable Banking Regulations and as referred to in Additional Provision 14.2(b) of Law 11/2015, as amended or replaced.
Agreement and Acknowledgment of Subordination Provisions: Banco Santander agrees with respect to the Tier 2 Instruments and each holder of Tier 2 Instruments, by his or her acquisition of a Tier 2 Instrument, will be deemed to have agreed to the subordination provisions described in the preliminary prospectus supplement.
Increased capital buffers are recommended, together with a medium-term objective of raising CAR norms.
More Definitions of Tier 2 Instrument
Tier 2 Instrument means any contractually subordinated obligation (créditos subordinados) of the Bank in accordance with Article 92.2º of the Insolvency Law constituting a tier 2 instrument (instrumento de capital de nivel 2) in accordance with the Applicable Banking Regulations and as referred to under Additional Provision 14.3º(b) of Law 11/2015; and
Tier 2 Instrument means any (directly or indirectly issued) capital instrument or subordinated loan instrument of the Issuer that qualifies as tier 2 instrument pursuant to Article 63 CRR, including any capital instrument or subordinated loan instrument that qualifies as tier 2 instrument pursuant to transitional provisions under the CRR.] (2) No Noteholder has at any time a right to set-off his claims under the Notes against any claim the Issuer has or may have against such Noteholder. Neither the Issuer nor any third party may secure the rights under the Notes by providing any form of guarantee or security in favour of the Noteholders. No such guarantee or security may be provided at any later time. No subsequent agreement may limit the subordination pursuant to the provisions set out in this § 2 or amend the Maturity Date in respect of the Notes to any earlier date or shorten any applicable notice period (Kündigungsfrist). Note to the Noteholders: Prior to any insolvency or liquidation of the Issuer, under bank resolution laws applicable to the Issuer from time to time, the competent resolution authority may write down (including to zero) the obligations of the Issuer under the Notes, convert them into equity (e.g. ordinary shares of the Issuer) or apply any other resolution measure, including (but not limited to) any transfer of the obligations to another entity, an amendment of the Terms and Conditions or a cancellation of the Notes.] [In the case of Covered Bonds insert: STATUS
Tier 2 Instrument means any instrument of Banco Santander qualifying as Tier 2 Capital in whole or in part from time to time.
Tier 2 Instrument means any security, other instrument, loan or other obligation that constitutes Tier 2 Capital of the Issuer.
Tier 2 Instrument means any contractually subordinated obligation (créditos subordinados) of the Issuer according to Article 281.1.2º of the Insolvency Law, ranking as a tier 2 instrument (instrumentos de capital de nivel 2) under Additional Provision 14.3º(b) of Law 11/2015.
Tier 2 Instrument means any instrument of the Company qualifying as Tier 2 Capital in whole or in part from time to time. The provisions of Section 13.01 of the Contingent Convertible Capital Securities Indenture and Section 2.01(w) of the Second Supplemental Indenture shall apply only to rights or claims payable with respect to the Tier 1 Notes and nothing herein shall affect or prejudice the payment of the costs, charges, expenses, liabilities, indemnity or remuneration of the Trustee, the first lien rights of the Trustee under Section 7.08 of the Base Indenture, or the rights and remedies of the Trustee in respect thereof. The Company agrees with respect to this Tier 1 Note and each Holder of this Tier 1 Note, by his or her acquisition of this Tier 1 Note, will be deemed to have agreed to the above-described subordination. Each such Holder will be deemed to have irrevocably waived his or her rights of priority which would otherwise be accorded to him or her under the laws of Spain, to the extent necessary to effectuate the subordination provisions of this Tier 1 Note. In addition, each Holder of this Tier 1 Note by his or her acquisition of this Tier 1 Note authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination of this Tier 1 Note as provided in the Contingent Convertible Capital Securities Indenture and as summarized herein and appoints the Trustee as his or her attorney-in-fact for any and all such purposes. Notwithstanding any other term of this Tier 1 Note or any other agreements, arrangements, or understandings between the Company and any Holder of this Tier 1 Note, by its acquisition of this Tier 1 Note, each Holder (which includes each holder of a beneficial interest in this Tier 1 Note) acknowledges, accepts, consents to and agrees:
Tier 2 Instrument means any subordinated obligation (crédito subordinado) of Banco Santander qualifying as tier 2 capital (capital de nivel 2) of Banco Santander in accordance with Chapter 4 (Tier 2 capital) of Title I (Elements of own funds) of Part Two (Own Funds and Eligible Liabilities) of the CRR and/or Applicable Banking Regulations at such time, including any applicable transitional, phasing in or similar provisions.