Examples of Dated Tier 2 Notes in a sentence
The issue of any such securities may reduce the amount recoverable by holders of Dated Tier 2 Notes on a winding-up of the Issuer and/or may increase the likelihood of a deferral of payments under the Dated Tier 2 Notes.
The Dated Tier 2 Notes will constitute direct, unsecured and subordinated obligations of the Issuer and rank pari passu and without any preference among themselves.
The Dated 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.
If redemption of Dated Tier 2 Notes is deferred, the Dated Tier 2 Notes will only become due for redemption in the circumstances described in Conditions 6(a)(iii) and 6(a)(iv).
Any such repayment will be subordinated as described above.Although Dated 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 Dated Tier 2 Notes will lose all or some of its investment should the Issuer become insolvent.
The Issuer will specify in the relevant Final Terms whether any issue of Notes is an issue of Dated Tier 2 Notes the proceeds of which are intended to qualify as Dated Secondary Capital or Undated Tier 2 Notes the proceeds of which are intended to qualify as Undated Secondary Capital or an issue of Tier 3 Notes the proceeds of which are intended to qualify as Tertiary Capital.
As such, the Issuer may, at any time upon the occurrence of a Regulatory Event: (a) substitute the Notes, in whole but not in part, for; or (b) vary the Terms and Conditions of the Dated Tier 2 Notes and/or the terms of the Trust Deed such that the Notes are treated as an issue of, Qualifying Tier 2 Capital in accordance with the procedures specified in Condition 7.6 of the Terms and Conditions of the Dated Tier 2 Notes.
All my questions have been answered to my satisfaction.I authorize access to my personal health information, and research study data as explained in this form.This signature on this consent form means that I agree to take part in this study.
Consulting firms are required to come up with a practical timeline given the aforementioned date and the table above.
If such proposals were to be implemented on the terms currently proposed and if such powers were to be subsequently exercised in respect of the Issuer, as the Dated Tier 2 Notes are subordinated liabilities it is likely that they would be amongst the first liabilities of the Issuer to be written down, and may be written down in full before any liabilities ranking in priority to the Dated Tier 2 Notes are written down (including the Senior Notes and the Tier 3 Notes).