Additional Tier 1 Instrument definition

Additional Tier 1 Instrument means any contractually subordinated obligation (créditos subordinados) of Banco Santander according to Article 92.2º of the Spanish Insolvency Law, ranking as an additional tier 1 instrument (instrumentos de capital adicional de nivel 1) under Additional Provision 14.3º(c) of Law 11/2015.
Additional Tier 1 Instrument means any instrument of the Company qualifying as Additional Tier 1 Capital in whole or in part from time to time.
Additional Tier 1 Instrument means any contractually subordinated obligation (crédito subordinado) of the Bank according to Article 92.2º of the Insolvency Law, ranking as an additional tier 1 instrument (instrumentos de capital adicional de nivel 1) under Additional Provision 14.3º. (c) of Law 11/2015;

Examples of Additional Tier 1 Instrument in a sentence

  • The Bank will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does so on a pro rata basis with a Discretionary Reinstatement of the Notes.

  • The Bank will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does do on a pro rata basis with a Discretionary Reinstatement of the Notes.

  • Additional Tier 1 Instrument means any contractually subordinated obligation of the Issuer constituting an Additional Tier 1 instrument (instrumento de capital de nivel 1 adicional) in accordance with Applicable Banking Regulations and as referred to in Additional Provision 14.3(c) of Law 11/2015, as amended or replaced from time to time.

  • Additional Tier 1 Instrument means any contractually subordinated obligation of the Issuer constituting an Additional Tier 1 instrument (instrumento de capital de nivel 1 adicional) in accordance with Applicable Banking Regulations and as referred to in Additional Provision 14.3(c) of Law 11/2015, as amended or replaced.

  • Such Additional Tier 1 Instrument can be recognized as Tier 1 capital.


More Definitions of Additional Tier 1 Instrument

Additional Tier 1 Instrument means any contractually subordinated obligation (créditos subordinados) of the Bank in accordance with Article 92.2º of the Insolvency Law constituting an additional tier 1 instrument (instrumento de capital de nivel 1 adicional) in accordance with the Applicable Banking Regulations and as referred to under Additional Provision 14.3º(c) of Law 11/2015;
Additional Tier 1 Instrument means any subordinated obligation (créditos subordinados) of the Issuer qualifying as additional tier 1 capital (capital de nivel 1 adicional) of Banco Santander in accordance with Chapter 3 (Additional Tier 1 capital) of Title I (Elements of own funds) of Part Two (Own Funds and Eligible Liabilities) of the CRR and/or Applicable Banking Regulations at such time, including any applicable transitional, phasing in or similar provisions;
Additional Tier 1 Instrument means (i) any instruments of the Issuer that at the time of issuance comply with the then current requirements under Applicable Banking Regulations in relation to Additional Tier 1 Capital and (ii) any instrument, security or other obligation of the Issuer which ranks, or is expressed to rank, on a voluntary or involuntary liquidation or bankruptcy of the Issuer, pari passu with Additional Tier 1 Instruments.
Additional Tier 1 Instrument means any subordinated obligation (crédito subordinado) of Banco Santander according to Article 281.1.2º of the Spanish Insolvency Law, qualifying as an additional Tier 1 instrument (instrumento de capital adicional de nivel 1) under Additional Provision 14.3º(c) of Law 11/2015.
Additional Tier 1 Instrument means an instrument—
Additional Tier 1 Instrument means any instrument of the Issuer qualifying as Additional Tier 1 Capital in whole or in part from time to time;
Additional Tier 1 Instrument means any security, other instrument, loan or other obligation that constitutes Additional Tier 1 Capital of the Issuer,