PNC Bank 2012 Annual Report Download - page 213

Table 117: Summary of Contractual Commitments of Perpetual Trust Securities
Trust Description of Restrictions on Dividend Payments (c)
PNC Preferred Funding Trust I (a) If full dividends are not paid in a dividend period, neither PNC Bank, N.A. nor its subsidiaries will
declare or pay dividends or other distributions with respect to, or redeem, purchase or acquire or
make a liquidation payment with respect to, any of its equity capital securities during the next
succeeding period (other than to holders of the LLC Preferred Securities and any parity equity
securities issued by the LLC). (d)
PNC Preferred Funding Trust II (b) If full dividends are not paid in a dividend period, PNC will not declare or pay dividends with
respect to, or redeem, purchase or acquire, any of its equity capital securities during the next
succeeding dividend period. (e)
PNC Preferred Funding Trust III (b) If full dividends are not paid in a dividend period, PNC will not declare or pay dividends with
respect to, or redeem, purchase or acquire, any of its equity capital securities during the next
succeeding dividend period. (e)
(a) Contractual commitments made by PNC Bank, N.A.
(b) Contractual commitments made by PNC.
(c) Applies to the applicable Trust Securities and the LLC Preferred Securities.
(d) Except: (i) in the case of dividends payable to subsidiaries of PNC Bank, N.A., to PNC Bank, N.A. or another wholly-owned subsidiary of PNC Bank, N.A. or (ii) in the case of
dividends payable to persons that are not subsidiaries of PNC Bank, N.A., to such persons only if, (A) in the case of a cash dividend, (PNC has first irrevocably committed to
contribute amounts at least equal to such cash dividend or (B) in the case of in-kind dividends payable by PNC REIT Corp., PNC has committed to purchase such in-kind dividend
from the applicable PNC REIT Corp. holders in exchange for a cash payment representing the market value of such in-kind dividend, and PNC has committed to contribute such in-
kind dividend to PNC Bank, N.A.
(e) Except for: (i) purchases, redemptions or other acquisitions of shares of capital stock of PNC in connection with any employment contract, benefit plan or other similar arrangement
with or for the benefit of employees, officers, directors or consultants, (ii) purchases of shares of common stock of PNC pursuant to a contractually binding requirement to buy stock
existing prior to the commencement of the extension period, including under a contractually binding stock repurchase plan, (iii) any dividend in connection with the implementation of
a shareholders’ rights plan, or the redemption or repurchase of any rights under any such plan, (iv) as a result of any exchange or conversion of any class or series of PNC’s capital
stock for any other class or series of PNC’s capital stock, (v) the purchase of fractional interests in shares of PNC capital stock pursuant to the conversion or exchange provisions of
such stock or the security being converted or exchanged or (vi) any stock dividends paid by PNC where the dividend stock is the same stock as that on which the dividend is being
paid.
194 The PNC Financial Services Group, Inc. – Form 10-K