Tier 2 Notes means Subordinated Notes which qualify as ‘Tier 2 Capital’ under the Solvency Rules.

Tier 2 Notes means the Notes specified as such in this Applicable Pricing Supplement, the proceeds of which are capable of qualifying as Tier 2 Capital on the Issue Date;

Tier 2 Notes means collectively the Dated Tier 2 Notes and the Undated Tier 2 Notes;

Examples of Tier 2 Notes in a sentence

The payment obligations of the Issuer under Tier 2 Notes will rank behind Senior Creditors.
The Tier 2 Notes and the Coupons relating thereto (if any) constitute unsecured and, in accordance with paragraph (ii) below, subordinated obligations of the Issuer and rank pari passu without any preference among themselves.
The investment in, and disposal or write off upon the occurrence of a Trigger Event of, Tier 2 Notes, may have considerable tax consequences in the hands of Tier 2 Noteholders, the Issuer or both.
Upon the occurrence of a Trigger Event, Tier 2 Notes will be cancelled (in the case of a write off in whole) or written off in part on a pro rata basis (in the case of a write off in part) in accordance with the Write Off/Conversion Provisions.
Potential investors should consider reinvestment risk in light of other investments available at that time.In respect of any Tier 2 Notes, the Issuer may, subject to the applicable Regulatory Capital Requirements, also redeem all outstanding Notes in the event of a Regulatory Capital Event.

More Definitions of Tier 2 Notes

Tier 2 Notes means Notes specified as such in the relevant Final Terms and the proceeds of which are capable of qualifying as Tier 2 Capital on the Issue Date;

Tier 2 Notes means Notes specified as such in the Applicable Pricing Supplement and complying with the Tier 2 Capital Regulations;

Tier 2 Notes means 11 per cent. Fixed Rate Subordinated Tier 2 Notes due 2038 to be issued by the Society, to be consolidated and form a single series with the tier 2 notes issued by the Society pursuant to the Liability Management Exercise.

Tier 2 Notes means Notes specified as such in the applicable Final Terms.

Tier 2 Notes means Notes specified as such in the relevant Final Terms and complying with the Tier 2 Capital Regulations; A "Trigger Event": (d) in the case of Subordinated Capital Notes the proceeds of which are intended to qualify as Tier 2 Capital and Subordinated Capital Notes the proceeds of which are intended to qualify as Additional Tier 1 Capital which are accounted for as equity, shall occur when a "trigger event", as specified in a notice in writing by the Prudential Authority to the Issuer in accordance with the Regulatory Capital Requirements, has occurred; provided that, as a minimum, the aforesaid "trigger event" shall be the earlier of:

Tier 2 Notes means the promissory notes issued to certain creditors of the Acquired Entity in full satisfaction of the Acquired Entity's obligation to them as described on Exhibit 3.