Examples of Upper Tier 2 Capital in a sentence
Subordinated Notes the proceeds of which constitute Upper Tier 2 Capital shall be Undated Subordinated Notes.
Subordinated Notes the proceeds of which constitute Tier 1 Capital or Upper Tier 2 Capital shall be Undated Subordinated Notes.
In the case of a Series of Subordinated Notes the proceeds of which constitute Upper Tier 2 Capital, Lower Tier 2 Capital or Tier 3 Capital, any such purchase will be subject to the prior notification of the FSA and the prior approval of the SG ACP (i) if made in the open market, if it relates (individually or when aggregated with any previous purchase) to more than ten per cent.
In the case of Subordinated Notes the proceeds of which constitute Tier 1 Capital, Upper Tier 2 Capital, Lower Tier 2 Capital or Tier 3 Capital any such purchase will be subject to the prior approval of the ACP (i) if made in the open market, if it relates (individually or when aggregated with any previous purchase of such Notes) to more than ten per cent.
In the case of a Series of Subordinated Notes the proceeds of which constitute Upper Tier 2 Capital, Lower Tier 2 Capital or Tier 3 Capital, any such purchase will be subject to the non-objection of the FSA and the prior approval of the SGCB if it relates (individually or when aggregated with any previous purchase) to approximately ten per cent.
Upper Tier 2 Capital consists of general provision for Doubtful Debts and other APRA approved Upper Tier 2 Capital instruments.
Unless previously redeemed, purchased and cancelled as provided below or its maturity is extended pursuant to any Issuer's option in accordance with Condition 7(b) or any Noteholder's option in accordance with Condition 7(c), each Note shall be finally redeemed on the Maturity Date specified in the relevant Final Terms at its Final Redemption Amount which is its nominal amount Subordinated Notes the proceeds of which constitute Upper Tier 2 Capital shall be Undated Subordinated Notes.
The surplusportion of the Existing Preference Shares will initially count towards the Group’s Upper Tier 2 Capital and will be treated as Innovative Tier 1 Capital when there is additional capacity.1.1.6 Do RES Holders need to pay anything further for their Existing RES to be governed by the Amended RES Terms?No. If the Amendments are approved, Existing RES will be governed by the Amended RES Terms without any further action on RES Holders’ part.
In the case of a Series of Subordinated Notes the proceeds of which constitute Upper Tier 2 Capital, Lower Tier 2 Capital or Tier 3 Capital, any such purchase will be subject to the prior notification of the FSA and the prior approval of the SGCB if it relates (individually or when aggregated with any previous purchase) to approximately ten per cent.
In the case of a Series of Subordinated Notes the proceeds of which constitute Upper Tier 2 Capital, Lower Tier 2 Capital or Tier 3 Capital, any such purchase will be subject to the prior notification of the FSA and the prior approval of the ACP (i) if made in the open market, if it relates (individually or when aggregated with any previous purchase) to more than ten per cent.