Examples of Tier 3 Notes in a sentence
Any arrears of principal shall continue to bear interest at the rate applicable to the relevant Tier 3 Notes.
If redemption of Dated Tier 3 Notes is deferred, the Dated Tier 3 Notes will only become due for redemption in the circumstances described in Conditions 6(a)(iii) and 6(a)(iv).
The Undated Tier 3 Notes may, subject as provided in Condition 6, be redeemed at their Optional Redemption Amount together with any interest accrued to (but excluding) the date fixed for redemption and any Arrears of Interest at the option of the Issuer on any Optional Redemption Date.
The issue of any such securities may reduce the amount recoverable by holders of Dated Tier 3 Notes on a winding-up of the Issuer and/or may increase the likelihood of a deferral of payments under the Dated Tier 3 Notes.
The Issuer is under no obligation to redeem the Undated Tier 3 Notes at any time and the holders of Undated Tier 3 Notes have no right to call for their redemption.
If redemption of Undated Tier 3 Notes is deferred, the Undated Tier 3 Notes will only become due for redemption in the circumstances described in Conditions 6(a)(iii) and 6(a)(iv).
Capitalised expressions used below have the definitions ascribed to them in the Terms and Conditions of the Tier 3 Notes, as expressed to be applicable to Notes in relation to which no Maturity Date is specified and references to any numbered Condition shall be construed accordingly.
The issue of any such securities may reduce the amount recoverable by holders of Undated Tier 3 Notes on a winding-up of the Issuer and/or may increase the likelihood of a deferral of payments under the Undated Tier 3 Notes.
The Dated Tier 3 Notes may, subject as provided in Condition 6, be redeemed at their Optional Redemption Amount together with any interest accrued to (but excluding) the date fixed for redemption and any Arrears of Interest at the option of the Issuer on any Optional Redemption Date.
Capitalised expressions used below have the definitions ascribed to them in the Terms and Conditions of the Tier 3 Notes, as expressed to be applicable to Notes in relation to which a Maturity Date is specified and references to any numbered Condition shall be construed accordingly.