Maximum Reinstatement Amount means, with respect to aReinstatement of the principal amount of the Notes pursuant to Condition 6.3 (Reinstatement), the Relevant Group Net Income multiplied by the sum of (A) the Original Principal Amount of the Notes and (B) the initial principal amount of all outstanding Written Down Additional Tier 1 Instruments, divided by the Tier 1 Capital of the Group as at the date of the relevant Reinstatement.The Maximum Distributable Amount is an amount determined in accordance with Article 141 of the CRD IV, based on whether certain capital buffers are maintained by the Group. If any such capital buffer is not maintained, the Maximum Distributable Amount will generally be equal to a percentage of the current period’s net income, group share, with the percentage depending on the extent to which the relevant capital ratios are below the capital buffer levels.The Maximum Distributable Amount will serve as an effective cap on payments and distributions of the kind referred to in Article 141(2) of the CRD IV. These generally include the reinstatement of the principal amount of the Notes and similar instruments, interest payments on the Notes and similar instruments, other payments and distributions on Tier 1 instruments, and certain bonuses paid by entities in the Group.The Maximum Distributable Amount is a novel concept, and the relevant capital buffers will apply at different dates. As a result, it is difficult to predict how the Maximum Distributable Amount will impact Holders of the Notes. See “Regulatory Capital Ratios” and “Risk Factors—Risk Factors Relating to the Notes— Many aspects of the manner in which the CRD IV Rules will be implemented remain uncertain.”Undated Securities: The Notes have no fixed maturity and Holders do not have the rightto call for their redemption. The Issuer is not required to make anypayment of the principal amount of the Notes at any time prior to the time a judgment is issued for the judicial liquidation (liquidation judiciaire) of the Issuer or if the Issuer is liquidated for any other reason.Optional Redemption by the Issuer on any Reset Date:The Issuer may (at its option but subject to Condition 7.8 (Conditions to Redemption and Purchase)) redeem the then outstanding Notes, on the relevant Optional Redemption Date in whole at their Original Principal Amount, together with accrued interest.Optional Redemption Date: Each of the Reset Dates.Optional Redemption by the Issuer upon the Occurrence of a Tax Event or a Capital Event:...
Maximum Reinstatement Amount means, with respect to a Reinstatement of the principal amount of the Notes pursuant to Condition 6.3 (Reinstatement), the Relevant Group Net Income multiplied by the sum of (A) the Original Principal Amount of the Notes and (B) the initial principal amount of all outstanding Written Down Additional Tier 1 Instruments, divided by the Tier 1 Capital of the Group as at the date of the relevant Reinstatement;
Maximum Reinstatement Amount means, in respect of any Reinstatement of a Series of Additional Tier 1 Notes, the lower of:
Examples of Maximum Reinstatement Amount in a sentence
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The amount by which the Outstanding Principal Amount of each Note is to be reinstated is furthermore subject to limitations by reference to the Maximum Reinstatement Amount.
Any Principal Reinstatement of the Notes is furthermore subject to limitations by reference to the Maximum Reinstatement Amount.
Following a Write-Down pursuant to Condition 9.2(a), the Outstanding Nominal Amount of the Additional Tier 1 Notes may be increased up to the Maximum Reinstatement Amount (a “Reinstatement”) at the Issuer’s option and subject to any conditions specified in (i) the applicable Pricing Supplement or (ii) the RBI Guidelines, or as are otherwise notified to the Issuer by the RBI, from time to time.
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More Definitions of Maximum Reinstatement Amount
Maximum Reinstatement Amount means, in respect of any Reinstatement, the Net Profit of the Issuer multiplied by the sum of the aggregate Original Nominal Value of the Additional Tier 1 Temporary Write-Down Note and the aggregate initial principal value of all Written Down Additional Tier 1 Instruments of the Issuer, and divided by the total Tier 1 Capital of the Issuer’s Group as at the date of the relevant Reinstatement, or any higher amount permissible pursuant to Applicable Banking Regulations in force on the date of the relevant Reinstatement.
Maximum Reinstatement Amount means, in respect of any Reinstatement, the lower of :
Maximum Reinstatement Amount means, with respect to a reinstatement of the principal amount of the Notes pursuant to Condition 7.2, the lower of the following:
Maximum Reinstatement Amount means, in respect of any Reinstatement, the maximum amount by which the Outstanding Principal Amount of each Note can be reinstated as at the Reinstatement Effective Date in accordance with the Applicable Banking Regulations then applicable to the Issuer or, as otherwise specified in the relevant Pricing Supplement.
Maximum Reinstatement Amount means, in respect of any Reinstatement, the Distributable Net Period Income multiplied by the Original Face Amount of each Certificate, divided by the total Tier 1 Capital of the Bank as at the date of the relevant Reinstatement;