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Annex II LIST OF CONDITIONS REFERRED TO IN ARTICLE 2

United Kingdom

Original text. Later amendments are not shown.

The restructuring phase is to end on 31 December 2014. The following conditions apply during the restructuring phase, provided the commitment in question does not state otherwise.

  1. 1.1Division 1.1
  2. 1.2Division 1.2
  3. 1.3Division 1.3
  4. 1.4Division 1.4
  5. 1.5Division 1.5
  6. 1.6Division 1.6
  7. 1.7In so far as the obligation to pay the additional premium would result in HSH’s ratio of common equity, calculated in accordance with the regulatory requirements in force at the time and including market price risks (common equity ratio), falling below 10 % (minimum common equity ratio) at the time the additional premium entitlement arises, or if an already existing shortfall increases further, HSH Finanzfonds AöR will waive that part of the entitlement which would lead to the common equity ratio falling below the minimum common equity ratio (deferred additional premium entitlement), with effect from the time the entitlement arises in return for the provision of a debtor warrant pursuant to the provisions of this point of this Annex:
  8. 1.8Division 1.8
  9. 1.9Division 1.9
  10. 1.10Division 1.10
  11. 1.11Division 1.11
  12. 1.12Division 1.12
  13. 1.13Division 1.13
  14. 1.14Division 1.14
  15. 1.15Division 1.15
  16. 2Division 2
  17. 3Division 3
  18. 4Division 4