Write Down means the direct reduction of the carrying amount of a loan on the balance sheet due to its impairment;
Write Down means, with reference to these Notes, a reduction of the Outstanding Principal Amount of each Note by the relevant Write-Down Amount in accordance with Condition 6 (Loss Absorption following a Trigger Event) and “written down” shall be construed accordingly.
Write Down means the write down of the Outstanding Nominal Value of each Additional Tier 1 Temporary Write-Down Note (in whole or in part, as applicable) by writing down such Outstanding Nominal Value (in whole or in part, as applicable) in accordance with the Write Down Procedure.
Examples of Write Down in a sentence
The aggregate amount of the bond loan will on the Amendment Date, following the Write-Down, be an amount of SEK 114,999,936 which will be represented by Bonds, each of a nominal amount corresponding to the Nominal Amount. All Initial Bonds were issued on a fully paid basis at an issue price of 100.00 per cent.
More Definitions of Write Down
Write Down means a determination by the Manager for a particular Note Investment or other Company investment (which determination has been verified by the Company’s accountants as being in conformity with generally accepted accounting principles) that the fair market value of the investment at the time the determination is made is less than the amount actually paid or allocated to the purchase of the investment, which determination shall be made by the Company and its accountants within thirty (30) days of the end of each calendar quarter and any Write-down shall be effective on the last day of the relevant calendar quarter during the term of this Agreement.
Write Down means, in respect of a Series of Additional Tier 1 Notes, a write down of the Outstanding Principal Amount of the Additional Tier 1 Notes of such Series (in whole or in part, as applicable) in accordance with the Write Down Procedure;
Write Down means the amount by which the Liquidation Amount is less than the corresponding Investment.
Write Down means the write down of the total Nominal Amount of all Bonds in an amount of SEK 365,000,064 made in connection with the Amendment Date, pursuant to which the Nominal Amount of each Bond is written down pro rata (rounded down to the nearest SEK).
Write Down means, with respect to any Underlying Loan, a write down by Lender on its books and records of the unpaid principal balance of any Underlying Loan (regardless as to whether Borrower writes down any unpaid principal balance of any Underlying Loan on its books and records or whether the principal balance of the Underlying Loan is actually reduced).
Write Down means a write down of the Outstanding Principal Amount of each Note (in whole or in part, as applicable) in accordance with the Write Down Procedure;
Write Down means the write-down power referred to in Article 57(2) and 61(1) of the BRR Act 2015.