Dated Subordinated Notes definition

Dated Subordinated Notes means Notes specified in the applicable Pricing Supplement as dated subordinated notes;
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Dated Subordinated Notes means those Notes whose status is specified as “Dated Subordinated” in the relative Final Terms or Pricing Supplement;
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Dated Subordinated Notes means Notes which are specified in the Final Terms as being dated subordinated Notes;
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Examples of Dated Subordinated Notes in a sentence

  • Conditions to redemption of the Dated Subordinated Notes and, if applicable, Senior Notes issued by Santander UK Group Holdings: Any optional redemption or purchase by Santander UK Group Holdings of Dated Subordinated Notes (and/or Senior Notes issued by Santander UK Group Holdings, if applicable pursuant to any Loss Absorption Regulations) is subject to Santander UK Group Holdings having obtained Regulatory Approval and being in compliance with the Regulatory Preconditions.

  • Unless otherwise permitted by the prevailing Capital Rules, Dated Subordinated Notes will have a minimum maturity of five years.

  • The Dated Subordinated Notes will constitute direct, subordinated and unsecured obligations of Santander UK Group Holdings and will rank pari passu without preference among themselves.

  • Waiver of set-off The holders of the Dated Subordinated Notes and the Senior Notes of Santander UK Group Holdings waive any rights of set-off, compensation and retention in relation to such Notes insofar as permitted by applicable law.

  • The Dated Subordinated Notes will constitute direct, subordinated and unsecured obligations of Santander UK Group Holdings and will rank without preference among themselves.

  • Waiver of set-off The holders of the Dated Subordinated Notes and the Senior Notes of Santander UK Group Holdings waive any rights of set-off in relation to such Notes insofar as permitted by applicable law.

  • Under applicable laws and regulations at the date of this Offering Circular, Dated Subordinated Notes and Dated Subordinated Guaranteed Notes which are intended to constitute Category II Supplementary Capital of DSB must have a minimum maturity of more than five years.

  • Payments of interest in respect of Dated Subordinated Notes and Dated Subordinated Guaranteed Notes will be made subject to the provisions of Condition 3(b) and Condition 3(e), respectively.

  • As a result of these changes, Notes issued under the Programme that are (i) subject to statutory, contractual or structural subordination (including Dated Subordinated Notes issued by Santander UK Group Holdings) and/or (ii) issued by either Issuer after the United Kingdom has withdrawn from the European Union will be ineligible as collateral for Eurosystem monetary policy and intra-day credit operations.

  • An investor may not be able to reinvest the redemption proceeds at an effective interest rate as high as the interest rate on the Dated Subordinated Notes being redeemed and may only be able to do so at a significantly lower rate.


More Definitions of Dated Subordinated Notes

Dated Subordinated Notes means the Notes described in Condition 3(b);
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Dated Subordinated Notes means, collectively, Tier 3 Notes and Dated Tier 2 Notes;
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Related to Dated Subordinated Notes

  • Senior Subordinated Notes means the Borrower’s 9.75% Senior Subordinated Notes due 2014, in an original aggregate principal amount of $225,000,000.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.

  • Permitted Subordinated Debt means Indebtedness of any of the Borrowers which has been subordinated and made junior to the Full Payment of the Obligations, and evidenced as such by a subordination agreement containing subordination provisions substantially in the form of Exhibit I, or otherwise in form and substance reasonably satisfactory to the Administrative Agent; provided that (a) at the time such Permitted Subordinated Debt is incurred, no Default or Event of Default has occurred or would occur as a result of such incurrence, and (b) the documentation evidencing such Permitted Subordinated Debt shall have been delivered to the Administrative Agent and shall contain all of the following characteristics: (i) it shall be unsecured, (ii) it shall bear interest at a rate not to exceed the market rate as determined in good faith by the applicable Borrower, (iii) it shall not require unscheduled principal repayments thereof prior to the maturity date of such debt, (iv) if it has any covenants, such covenants (including covenants relating to incurrence of indebtedness) shall be less restrictive than those set forth herein, (v) it shall have no restrictions on the Borrowers’ ability to grant liens securing indebtedness ranking senior to such Permitted Subordinated Debt, (vi) it shall permit the incurrence of senior indebtedness under this Agreement, (vii) it may be cross-accelerated with the Obligations and other senior indebtedness of the Borrowers (but shall not be cross-defaulted except for payment defaults which the senior lenders have not waived) and may be accelerated upon bankruptcy, and (viii) it shall provide for the complete, automatic and unconditional release of any and all guarantees of such Permitted Subordinated Debt granted by any Borrower in the event of the sale by any Person of such Borrower or the sale by any Person of all or substantially all of such Borrower’s assets (including in the case of a foreclosure).