Tier II Capital definition
Examples of Tier II Capital in a sentence
Provided that in the case of any Bonds which form part of the Issuer’s Tier II Capital, the right of the Issuer to an early redemption of the Bond shall be subject to the prior approval of the CBN and shall comply with the requirements of Condition 3.5 below.
For the avoidance of doubt it is clarified that any progressive discount of the IFC Bond for capital adequacy purposes as referred to in Section 7.05 of this Agreement will not be deemed to be a non classification of the IFC Bond as Upper Tier II Capital for purposes of this Section.
The purpose of the Subscription is to provide the Bank with Upper Tier II Capital by subscribing to the IFC Bond for augmenting the capital base of the Bank and thereby enhancing its long term resources to finance growth in the areas of retail and rural banking.
Provided that in the case of any Bonds which form part of the Issuer’s Tier II Capital, the Issuer shall have no right to redeem unless it complies with the requirements of Condition 3.5 below.
If RBS Advanta gives notice to the Company or any of the Company's Affiliates of a need for additional capital, including without limitation Tier II Capital, subsequent to the Closing Date, the Company shall promptly deliver such notice to the LLC and shall, at the sole cost and expense of the LLC, take such actions in response to the request for capital as the LLC shall direct.