# Commission Decision (EU) 2015/218 of 7 May 2014 on the State aid Nos SA.29786 (ex N 633/09), SA.33296 (11/N), SA.31891 (ex N 553/10), N 241/09, N 160/10 and SA.30995 (ex C 25/10) implemented by Ireland for the restructuring of Allied Irish Banks plc and EBS Building Society (notified under document C(2014) 2638) (Only the English text is authentic) (Text with EEA relevance), Division 7.1: Ireland commits that AIB will not make discretionary payments of coupons or exercise voluntary call options on capital instruments during the Restructuring Period, unless:

Extent: E+W+S+N.I.

7.1.1. the Commission provides consent to the payment or call option;
7.1.2. the coupon payment is paid to the State (provided that such payments would not trigger coupon payments to other investors that otherwise would not be mandatory); or
7.1.3. the payment arises under a newly issued instrument (meaning instruments issued on or after the Date of the Final Decision), provided that any payment of coupons on such newly issued instruments does not create a legal obligation to make any coupon payments on AIB's securities existing prior to the Date of the Final Decision.

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Source: https://www.legislation.gov.uk/eudn/2015/218/annex/division/1/division/7/division/7.1 (the official version)
Page: https://openlegislation.uk/eu-decision-2015-218/annex/division-1/division-7/division-7.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.