Tier 2 Instruments definition

Tier 2 Instruments means any (directly or indirectly issued) capital instruments of the Issuer that qualify as Tier 2 instruments pursuant to Article 63 CRR, including any capital (or other) instruments that qualify as Tier 2 items pursuant to transitional provisions under the CRR.]

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Tier 2 Instruments means at any time tier 2 instruments as interpreted and applied in accordance with the Applicable Banking Regulations;

Tier 2 Instruments means capital instruments or subordinated loans that meet the conditions laid down in Article 63 of Regulation (EU) No 575/2013;

Examples of Tier 2 Instruments in a sentence

• If the Securities are deemed not to have qualified as Tier 2 Instruments or other Own Funds Instruments or at any time cease to so qualify, the obligations under the Securities will, pursuant to Section 46f(7a) sentence 3 of the German Banking Act, rank senior to all obligations under Own Funds Instruments.

• 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 the Tier 2 Instruments.

• The obligations under the Notes shall constitute unsecured and subordinated obligations of the Issuer, ranking pari passu among themselves and, pari passu with all other equally subordinated obligations of the Issuer from time to time constituting Own Funds Instruments in the form of Tier 2 Instruments.

• No person shall have any right to enforce any term or condition of the AT1 Instruments, Tier 2 Instruments, Loss Absorbing Non-Preferred Instruments or this Deed by virtue of the Contracts (Rights of Third Parties) Ordinance (Cap.

• Early Redemption for Capital Disqualification Event: “Capital Disqualification Event” means a change in Spanish law, Applicable Banking Regulations or any change in the application or official interpretation thereof that results or is likely to result in the entire outstanding aggregate principal amount of the Tier 2 Instruments ceasing to be included in, or counting towards, Banco Santander’s and/or the Group’s Tier 2 Capital.

More Definitions of Tier 2 Instruments

Tier 2 Instruments means any and all securities or other obligations issued (a) by CSG or CS (in either case whether or not acting through a branch) or (b) by any Subsidiary of CSG and having the benefit of a guarantee, credit support agreement or similar undertaking of CSG or CS, each of which securities or other obligations under (a) and (b) qualify, or are issued in respect of a security that qualifies, as Tier 2 Capital of CSG, CS and/or the Group (without regard to quantitative limits on such capital) on a consolidated (Finanzgruppe) or on an unconsolidated (Einzelinstitut) basis;

Tier 2 Instruments means basic and ancillary own-fund items that meet the conditions laid down in Article 94(2) of Directive 2009/38/EC;

Tier 2 Instruments means capital instruments that qualify as own funds under Article 57(f) and (h) of Directive 2006/48/EC;

Tier 2 Instruments means capital instruments or subordinated loans that meet the conditions laid down in Article 63 of Regu- lation (EU) No 575/2013;

Tier 2 Instruments means any subordinated obligation (créditos subordinados) of the Bank according to Article 281.1.2 of the Insolvency Law, qualifying as tier 2 instruments under Additional Provision 14.3 (b) of Law 11/2015.

Tier 2 Instruments means any securities or other instruments that at the time of issuance constitute Tier 2 capital of the Issuer.

Tier 2 Instruments means any (directly or indirectly issued) capital instruments of the Issuer that qualify as Tier 2 instruments pursuant to Article 63 CRR.]