Examples of Additional Tier 1 Capital in a sentence
A Capital Event shall occur if there is a change in the regulatory classification of the Capital Securities that has resulted or would be likely to result in the Capital Securities being excluded, in whole or in part, from the Additional Tier 1 Capital of the Issuer or reclassified own funds of a lower quality form of the Issuer (in each case on a consolidated and/or solo basis, as applicable), which change in regulatory classification (or reclassification) becomes effective on or after the Issue Date.
Additional Tier 1 Capital means the additional tier 1 capital of the Issuer within the meaning of Chapter 3 (Additional Tier 1 capital) of Title I (Elements of own funds) of Part Two (Own Funds) of CRR, as implemented and/or applicable in the Netherlands, and/or any such equivalent or substitute term under Applicable Banking Regulations, including any applicable transitional, phasing in or similar provisions.
Therefore, the Capital Securities, as so substituted or varied, must be eligible as Additional Tier 1 Capital in accordance with the then prevailing Applicable Banking Regulations, which may include a requirement that (save in certain prescribed circumstances) the Capital Securities may not be redeemed or repurchased prior to five years after the effective date of such substitution or variation.