Examples of Additional Tier 1 Capital in a sentence
The Bank has the right to cancel coupon payment (subject to the requirement as set out in the terms and conditions of the Additional Tier 1 Capital Securities) and the coupon cancelled shall not be cumulative.
In the case of Subordinated Notes or Additional Tier 1 Capital Notes where the Calculation Amount has been adjusted as described in the definition thereof, where the Specified Denomination of a Note is the Original Calculation Amount, the amount of interest payable in respect of such Note shall be the amount (determined in the manner provided above) for the Calculation Amount.
Any reinstatement of some or all of the principal amount of all relevant outstanding Additional Tier 1 Capital instruments, where the principal amount of such Additional Tier 1 Capital instruments has been reduced, may not at any time exceed the reinstatement limit applicable to the Issuer and the Group at such time (the “Reinstatement Limit”).
The coupon will be reset every five years if the Additional Tier 1 Capital Securities are not redeemed to a fixed rate equivalent to the then-prevailing five-year US Treasury rate plus 4.628% per annum.
To the extent that the principal amount of the Additional Tier 1 Capital Notes has been reinstated as described above, interest shall begin to accrue on the reinstated principal amount of the Additional Tier 1 Capital Notes, and become payable in accordance with these Conditions, as from the date of the relevant reinstatement.