Prevailing Principal Amount definition

Prevailing Principal Amount means, in respect of a Capital Security, the initial principal amount of such Capital Security as reduced by any Write-down of such Capital Security (on one or more occasions) pursuant to Condition 10 (Write-down at the Point of Non-Viability);

Prevailing Principal Amount means, in respect of a Capital Security at any time, the Original Principal Amount of such Capital Security as reduced by any Principal Write-down of such Capital Security at or prior to such time pursuant to Condition 7 (Principal Write-down and Principal Write-up) (on one or more occasions) and, if applicable following any Principal Write-down, as subsequently increased by any Principal Write-up of such Capital Security (on one or more occasions) at or prior to such time pursuant to Condition 7 (Principal Write-down and Principal Write-up).

Prevailing Principal Amount means, in relation to each Capital Security at any time, the principal amount of such Capital Security at that time, being its Initial Principal Amount, as adjusted from time to time for any Write Down and/or Write Up, in accordance with Condition 6 and/or as otherwise required by then current legislation and/or regulations applicable to the Issuer;

Examples of Prevailing Principal Amount in a sentence

• To the extent this Note has been Written-Down in part, the Issuer may Write-Up this Note up to a maximum of its Initial Principal Amount pursuant to Condition 6.5. Accordingly, the Prevailing Principal Amount of this Note at any time shall be the Initial Principal Amount of this Note as reduced (on one or more occasions) by any Write-Down or increased (on one or more occasions) by any Write-Up, in each case at or prior to such time.

• To the extent the Prevailing Principal Amount of the Notes is less than their Initial Principal Amount at any time as a result of a Trigger Event Write-Down, the Issuer may increase the Prevailing Principal Amount of each Note (a "Write-Up") up to a maximum of its Initial Principal Amount.

• Details of the Prevailing Principal Amount of this Note at any time may be obtained during office hours at the specified office of the Registrar.

• This Certificate is issued in respect of Notes having an aggregate nominal amount of: USD ⚫ (⚫ UNITED STATES DOLLARS) and Prevailing Principal Amount of: USD ⚫ (⚫ UNITED STATES DOLLARS) THIS IS TO CERTIFY that [ ] is/are the registered holder(s) of the Notes to which this Certificate relates and is/are entitled to such interest and other amounts as are payable by the Issuer under the Conditions, all subject to and in accordance with the Conditions.

More Definitions of Prevailing Principal Amount

Prevailing Principal Amount means, in respect of a Note at any time, the Initial Principal Amount of that Note as reduced (on one or more occasion(s)) by any Write-Down (as defined in Condition 6.1) at or prior to such time,

Prevailing Principal Amount means, in relation to each Subordinated Note at any time, the outstanding principal amount of such Subordinated note at that time, being its initial principal amount, or any such lesser amount following any Write Down (as defined in Condition 6(a) below) in accordance with these Conditions;

Prevailing Principal Amount means, in respect of a Security at any time, the Original Principal Amount of such Security as reduced by any Principal Write-down of such Security (on one or more occasions) at or prior to such time pursuant to Condition 7 and, if applicable following any Principal Write-down, as subsequently increased by any Principal Write-up of such Security (on one or more occasions) at or prior to such time pursuant to Condition 7.

Prevailing Principal Amount means, in respect of a Note at any time, the Initial Principal Amount of that Note as reduced (on one or more occasions) by any Write-Down (as defined in Condition 6.1) at or prior to such time.

Prevailing Principal Amount means, in respect of a Note at any time, the Initial Principal Amount of that Note as reduced (on one or more occasions) by any Write- Down (as defined in Condition 6 (Loss Absorption and Discretionary Reinstatement) below) and increased (on one or more occasions) by any Write-Up (as defined below), in each case at or prior to such time;

Prevailing Principal Amount means, in respect of a Note at any time, the Original Principal Amount of such Note as reduced by any Principal Write-down of such Note (on one or more occasions) at or prior to such time pursuant to Condition 8 (Principal Write-down and Principal Write- up) and, if applicable following any Principal Write-down, as subsequently increased by any Principal Write-up of such Note (on one or more occasions) at or prior to such time pursuant to Condition 8 (Principal Write-down and Principal Write-up).

Prevailing Principal Amount means, in respect of a Note at any time, the Initial Principal Amount of that Note as reduced (on one or more occasion(s)) by any Write-Down at or prior to such time (with respect to a Global Note or Definitive Note, a reference to a Prevailing Principal Amount refers to the aggregate Prevailing Principal Amount of the Notes represented thereby),