Applicable Statutory Loss Absorption Regime definition

Applicable Statutory Loss Absorption Regime means a Statutory Loss Absorption Regime that is applicable to the Certificates and which, alone or together with any other law(s) or regulation(s), has the effect that Conditions 11.2 (Non-Viability Event) and 11.3 (Non-Viability Notice) could cease to apply to the Certificates without giving rise to a Capital Event;
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Applicable Statutory Loss Absorption Regime means a Statutory Loss Absorption Regime that is applicable to the Notes;
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Applicable Statutory Loss Absorption Regime has the meaning given to it in the Conditions;
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Examples of Applicable Statutory Loss Absorption Regime in a sentence

  • If the Bank becomes Non-Viable on or after the Effective Date, the Financial Regulator (or the Bank on instructions from the Financial Regulator) may take such action in respect of the Certificates as is required or permitted by such Applicable Statutory Loss Absorption Regime.

  • The provisions of this Condition 11 (Write-down at the Point of Non-Viability) will lapse and cease to apply with effect from (and including) the date on which the Applicable Statutory Loss Absorption Regime becomes effective in respect of the Certificates (the “Effective Date”), except to the extent such provisions are required by the Applicable Statutory Loss Absorption Regime.

  • The provisions of this Condition 11 (Write-down at the Point of Non-Viability) will lapse and cease to apply with effect from (and including) the date on which the Applicable Statutory Loss Absorption Regime becomes effective in respect of the Certificates (the Effective Date), except to the extent such provisions are required by the Applicable Statutory Loss Absorption Regime.

  • If a Non‐Viability Event occurs on or after such date, the Regulator (or SABB following instructions from the Regulator) may take such action in respect of the Subordinated Certificates as is required or permitted by such Applicable Statutory Loss Absorption Regime.

  • The provisions of this Condition 11 (Write-down at the Point of Non-Viability) will lapse and cease to apply with effect from (and including) the date on which the Applicable Statutory Loss Absorption Regime becomes effective in respect of the Certificates (the “Effective Date”), except to the extent such provisions are required by the Applicable Statutory Loss Absorption Regime or the Financial Regulator in the exercise of its powers thereunder.

  • With effect on and from the date on which the Applicable Statutory Loss Absorption Regime becomes effective, the foregoing provisions of this Condition 11 (Write-Down at the Point of Non-Viability for Subordinated Certificates) will lapse and cease to have any effect, except to the extent such provisions are required by the Applicable Statutory Loss Absorption Regime.

  • If the Mudareb becomes Non-Viable on or after the Effective Date, the Financial Regulator (or the Mudareb on instructions from the Financial Regulator) may take such action in respect of the Certificates as is required or permitted by such Applicable Statutory Loss Absorption Regime.

  • If a Non-Viability Event occurs on or after such date, the Relevant Resolution Authority (or the Bank following instructions from the Relevant Resolution Authority) may (without any requirement for the consent or approval of Noteholders or anynotice to be given to Noteholders) take such action in respect of the Notes as is required or permitted by such Applicable Statutory Loss Absorption Regime.


More Definitions of Applicable Statutory Loss Absorption Regime

Applicable Statutory Loss Absorption Regime means a Statutory Loss Absorption Regime that is applicable to the Subordinated Certificates;
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