Tier 2 Own Funds definition

Tier 2 Own Funds means own funds eligible to be classified as Tier 2 (or whatever the terminology employed by the Future Regulations, including any transitional arrangements as applicable) under the Future Regulations.

Tier 2 Own Funds means own funds which have the necessary features to be classified as Tier 2 (or whatever the terminology employed by the Relevant Regulations, including any transitional arrangements as applicable) under the Relevant Regulations.

Tier 2 Own Funds means own funds which have the necessary features to be classified as Tier 2 under the Applicable Regulations;

Examples of Tier 2 Own Funds in a sentence

• Notwithstanding any other provision of this Condition 3.4, no substitute or successor rate will be adopted, nor will any other amendment to the terms of the Notes be made, if and to the extent that, as confirmed by a certificate signed by two AuthorisedSignatories of the Issuer, the same would cause the Notes to cease qualifying as Tier 2 Own Funds of the Issuer under the Applicable Regulations.

• Investors should note that Notes issued which are not eligible to qualify as Tier 2 Own Funds or Tier 2 Capital and/or are issued with terms which do not comply with the applicable rules relating to Solvency II may be immediately subject to the applicable redemption, variation or substitution rights of the Issuer, as specified in the applicable Final Terms.

• If the operation of the above provisions would cause the Notes to cease qualifying as Tier 2 Own Funds by reason of the level of the substitute or successor rate (as confirmed by a certificate signed by two (2) Authorised Signatories of the Issuer), the Margin will be adjusted to such extent as is necessary (as confirmed by the same certificate signed by two Authorised Signatories of the Issuer) to ensure continued qualification as Tier 2 Own Funds, provided that the Margin shall never be negative.

• Tier 2 Own Funds has the meaning given to such term by the Applicable Regulations from time to time.

• Other eligible ≥ 1 year Senior Unsecured ≥ 1 year Own Funds – Tier 2 Own Funds – Tier 1 Organic capital generation and acceleration of balance sheet deleverage to contribute positively to MREL evolution.

More Definitions of Tier 2 Own Funds

Tier 2 Own Funds means own funds which have the necessary features to be classified as Tier 2 (or whatever the terminology employed by the Future Regulations) under the Future Regulations;

Tier 2 Own Funds means own funds classified as Tier 2 under the Applicable Regulations; "Tier 3 Own Funds" means own funds classified as Tier 3 under the Applicable Regulations.2.2 InterpretationIn these Conditions:

Tier 2 Own Funds has the meaning given to such term by the Applicable Regulations from time to time.

Tier 2 Own Funds has the meaning given to such termby the Applicable Regulations from t ime to time.

Tier 2 Own Funds means own funds eligible to be classified as Tier 2 (or other equivalent terminology employed by the Future Regulations, including any transitional arrangements as applicable) under the Future Regulations. 2.2 InterpretationIn these Conditions:

Tier 2 Own Funds means own funds eligible to be classified as Tier 2 (or other equivalent terminology employed by the Future Regulations, including any transitional arrangements asapplicable) under the Future Regulations. Deferred Interest: Deferred Interest may, at the option of the Issuer, be paid in wholeor in part (in such latter case the payment in respect of any Note and in respect of any period will be made pro rata to the total amount of all Deferred Interest) at any time; and shall become due and payable, in whole, on the earliest of:

Tier 2 Own Funds means own funds which have the necessary features to be classified as Tier 2 (or whatever the terminology employed by the Relevant Regulations, including any transitional arrangements as applicable) under the Relevant Regulations. Deferred Interest: Deferred Interest may, subject to the provisions of Condition 5(a)(Mandatory deferral of interest), at the option of the Issuer, be paid in whole or in part (in such latter case the payment in respect of any Note and in respect of any period will be made pro rata to the total amount of all unpaid Deferred Interest in respect of that period to the date of payment) at any time; and shall become due and payable, in whole, on the earliest of: