Tier 1 Instruments definition
Examples of Tier 1 Instruments in a sentence
The Issuer will further not write-up or otherwise reinstate the principal amount of any Written-Down Additional Tier 1 Instruments of the Issuer or the Group that have terms permitting a write-up of such principal amount to occur on a similar basis to that set out in these provisions unless it does so on a pro rata basis with a Write-Up of the Notes.
Notice is hereby given that pursuant to Condition 6 (Loss absorption and reinstatement of principal amount) of the Terms and Conditions of the Notes, the Prevailing Principal Amount of the Notes shall be increased on a pro rata basis with the other Notes and with any Written-Down Additional Tier 1 Instruments by an amount equal to [ ]% of the principal amount of each Note (the Write-Up Amount).
The obligations under the Capital Securities shall constitute unsecured and subordinated obligations of the Issuer, ranking pari passu among themselves and, pari passu with all other equally subordinated obligations of the Issuer under other instruments issued as, and qualifying from time to time as, own funds instruments in the form of Additional Tier 1 Instruments.
No payment shall be made on the Tier 1 Notes (whether by way of a repayment of the Liquidation Preference, the payment of any Distribution or otherwise) if and to the extent that such payment would cause a breach of any regulatory restriction or prohibition on payments on Additional Tier 1 Instruments pursuant to Applicable Banking Regulations (including, without limitation, any such restriction or prohibition relating to any Maximum Distributable Amount applicable to the Company and/or the Group).