Undated Tier 2 Notes definition

Undated Tier 2 Notes. ’ means Notes specified as such in the relevant Final Terms and complying with the Undated Tier 2 Capital Regulations;
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Undated Tier 2 Notes means undated subordinated notes with terms capable of qualifying as Tier 2 Capital; and
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Undated Tier 2 Notes means Notes specified as such in the Applicable Pricing Supplement and complying with the Undated Tier 2 Capital Regulations;
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Examples of Undated Tier 2 Notes in a sentence

  • There can be no assurance that Noteholders will be able to reinvest the amount received upon any redemption or sale of Undated Tier 2 Notes at a rate that will provide the same rate of return as their investment in such Undated Tier 2 Notes.

  • The Undated Tier 2 Notes will constitute direct, unsecured and subordinated obligations of the Issuer and rank pari passu and without any preference among themselves.

  • If redemption of Undated Tier 2 Notes is deferred, the Undated Tier 2 Notes will only become due for redemption in the circumstances described in Conditions 6(a)(iii) and 6(a)(iv).

  • This means that Noteholders have no ability to liquidate their investment in any Undated Tier 2 Notes, except: (i) if the Issuer exercises its rights to redeem or purchase the Undated Tier 2 Notes in the limited circumstances described in Condition 6; (ii) if permitted in the circumstances described in Condition 8; or (iii) by selling their Undated Tier 2 Notes in the secondary market.

  • The Issuer is under no obligation to redeem the Undated Tier 2 Notes at any time and the holders of Undated Tier 2 Notes have no right to call for their redemption.

  • The redemption of any Undated Tier 2 Notes by the Issuer is subject to the satisfaction of certain conditions which are more particularly described Condition 6(b).

  • Any such repayment will be subordinated as described above.Although Undated Tier 2 Notes may bear a higher rate of interest than comparable Notes which are not subordinated, there is a significant risk that an investor in Undated Tier 2 Notes will lose all or some of its investment should the Issuer become insolvent.

  • The issue of any such securities may reduce the amount recoverable by holders of Undated Tier 2 Notes on a winding-up of the Issuer and/or may increase the likelihood of a deferral of payments under the Undated Tier 2 Notes.

  • Interest payments on the Undated Tier 2 Notes will be cumulative.

  • The Undated Tier 2 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.

Related to Undated Tier 2 Notes

  • Class A-2a Notes means the Class A-2a 5.05% Asset-Backed Notes, substantially in the form of Exhibit A-2a to the Indenture.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • Class A-2C Certificate Any Certificate designated as a "Class A-2C Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Initial Class A-2 Note Balance means $235,000,000.