Examples of Relevant Profits in a sentence
Any Discretionary Reinstatement shall be applied concurrently (or substantially concurrently) and pro rata with other write-ups to be effected out of the Relevant Profits in respect of any Written-Down Additional Tier 1 Instruments.
The Bank will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does so on a pro rata basis with a Discretionary Reinstatement of the Notes.
The Bank will not reinstate the principal amount of any Written-Down Additional Tier 1 Instrument that have terms permitting a write-up of such principal amount to occur out of the Relevant Profits on a similar basis to that set out in respect of the Notes unless it does do on a pro rata basis with a Discretionary Reinstatement of the Notes.
Write-up of Written-Down Additional Tier 1 InstrumentsAny Discretionary Reinstatement shall be applied concurrently (or substantially concurrently) and pro rata with other write-ups to be effected out of the Relevant Profits in respect of any Written-Down Additional Tier 1 Instruments.
Some countries favoured an approach that permitted unilateral, selective action with ex post facto review by a Committee on Safeguard Measures.