Applicable Banking Regulations definition
Examples of Applicable Banking Regulations in a sentence
Any modification or waiver of these Conditions will be effected in accordance with Applicable Banking Regulations.
Contingent Convertible Capital Securities of any series may not be redeemed except in accordance with provisions of the Applicable Banking Regulations.
A “Capital Event” will be deemed to have occurred with respect to the Preferred Securities if there is a change (or any pending change which the Regulator considers to be sufficiently certain) in Spanish law or Applicable Banking Regulations that results (or would result) in any of the outstanding aggregate Liquidation Preference of the Preferred Securities ceasing to be included in, or counting towards, the Group’s or the Company’s Tier 1 Capital.
Redemption at the option of the Company pursuant to this Section 11.10 will be subject to the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations in force at the relevant time.
Unless otherwise provided as contemplated by Section 3.01 with respect to the Contingent Convertible Capital Securities of any series, the Contingent Convertible Capital Securities of any series may be redeemed by the Company in whole but not in part, in accordance with Applicable Banking Regulations in force at the relevant time, and subject to the consent of the Regulator.