Capital Adequacy Trigger Event shall occur if the Fully Loaded CET1 Ratio as of any Quarterly Financial Period End Date or Extraordinary Calculation Date, as the case may be, is less than 7.00% on such date.
Capital Adequacy Trigger Event shall occur if at any time the Fully Loaded CET1 Ratio (as defined herein) is less than 7.00%. Whether a Capital Adequacy Trigger Event has occurred at any time shall be determined by the Company and such determination shall be binding on the Trustee and Holders of the Securities.
Capital Adequacy Trigger Event means either (i) a Trigger Event for Principal Loss Absorption; or (ii) a Trigger Event for Non-Viability.
Examples of Capital Adequacy Trigger Event in a sentence
If a Winding-up Event occurs before the occurrence of a Capital Adequacy Trigger Event, subject to the prior consent of the Relevant Regulator, the Trustee may demand immediate repayment of the principal amount.
More Definitions of Capital Adequacy Trigger Event
Capital Adequacy Trigger Event shall occur if at any time the End-point CET1 Ratio is less than 7.0%.
Capital Adequacy Trigger Event shall occur if at any time the Non-transitional CET1 Ratio is less than 7.0%.
Capital Adequacy Trigger Event means the CET1 Ratio as of any Quarterly Financial Period End Date or Extraordinary Calculation Date, as the case may be, is less than 7.00% on such date.
Capital Adequacy Trigger Event. A “Capital Adequacy Trigger Event” shall occur if the CET1 Ratio as of the last day of each fiscal quarter or as of any other business day on which the CET1 Ratio is calculated upon the instruction of the Prudential Regulation Authority (as defined in the prospectus supplement) (the “PRA”), as the case may be, is less than 7.00% on such date. “CET1 Ratio” means, on the relevant date, the ratio of CET1 Capital to the Risk Weighted Assets (each as defined in the prospectus supplement) of Barclays PLC and its consolidated subsidiaries (the “Group”), calculated by Barclays PLC on a consolidated basis in accordance with PRA guidelines applicable to the Group, expressed as a percentage. “CET1 Capital” means, on the relevant date, (i) before the CRD IV implementation date, “core tier 1 capital” of the Group, less applicable deductions, and (ii) after the CRD IV implementation date, the “common equity tier 1 capital” of the Group, less applicable deductions, in either case as calculated by Barclays PLC on a consolidated basis in accordance with PRA guidelines applicable to the Group (as more fully described in the prospectus supplement). The term “core tier 1 capital” shall have the meaning assigned to such term in the capital adequacy standards and guidelines of the PRA and “common equity tier 1 capital” shall have the meaning assigned to such term in CRD IV, subject to the transitional arrangements as implemented by the PRA.
Capital Adequacy Trigger Event shall occur if the fully loaded CET1 Ratio (as defined below) as of the last day of each fiscal quarter or as of any other business day on which the fully loaded CET1 Ratio is calculated upon the instruction of the PRA (as defined in the Prospectus Supplement) or at the Issuer’s discretion, as the case may be, is less than 7.00% on such date.
Capital Adequacy Trigger Event with respect to each series of Contingent Convertible Securities issued under this Contingent Convertible Securities Indenture, shall have the meaning set forth in the supplemental indenture establishing the terms for such series of Contingent Convertible Securities.
Capital Adequacy Trigger Event shall occur if the fully loaded CET1 Ratio (as defined below) as of the last day of each fiscal quarter or as of any other business day on which the fully loaded CET1 Ratio is calculated upon the instruction of the PRA (as defined in the Prospectus Supplement) or at the Issuer’s discretion, as the case may be, is less than 7.00% on such date. “fully loaded CET1 Ratio” means, as of the relevant date, the ratio of CET1 Capital (as defined in the Prospectus Supplement) as of such date to the Risk Weighted Assets (as defined in the Prospectus Supplement) of Barclays PLC and its consolidated subsidiaries (the “Group”) as of the same date, expressed as a percentage and on the basis that all measures used in such calculation shall be calculated without applying the transitional provisions set out in Part Ten of the CRD IV Regulation (as defined in the Prospectus Supplement) (as may be amended from time to time).