Automatic Conversion Notice means the written notice (substantially in the form attached hereto as Exhibit B) to be delivered by the Company to the Trustee and the Paying Agent directly and to the Holders, in the case of Global Securities, via DTC (or, if the Securities are definitive Securities, to the Holders at their addresses shown on the Register) specifying (i) that a Capital Adequacy Trigger Event has occurred, (ii) the Conversion Date or expected Conversion Date, (iii) that the Company has the option, at its sole and absolute discretion, to elect that a Conversion Shares Offer be conducted and that the Company shall issue a Conversion Shares Offer Notice within ten (10) Business Days following the Conversion Date notifying Holders of the Company’s election and (iv) that the Securities shall remain in existence for the sole purpose of evidencing the right of the Holders to receive Conversion Shares or Conversion Shares Offer Consideration, as applicable, from the Conversion Shares Depository (or the relevant recipient pursuant to Section 2.15), and that the Securities may continue to be transferable until the Suspension Date, which shall be specified in the Conversion Shares Offer Notice.
Automatic Conversion Notice means the written notice to be delivered by the Issuer to the Trustee directly and to the Holders in accordance with Condition 16 (Notices) specifying (i) that a Capital Adequacy Trigger Event has occurred, (ii) the Conversion Date or expected Conversion Date, (iii) the Conversion Price, (iv) that the Issuer has the option, at its sole and absolute discretion, to elect that a Conversion Shares Offer be conducted and that the Issuer will issue a Conversion Shares Offer Notice in accordance with Condition 16 (Notices) within 10 business days following the Conversion Date notifying Holders of the Issuer's election and (v) that the Securities shall remain in existence for the sole purpose of evidencing (a) the Holder's right to receive Conversion Shares or Conversion Shares Offer Consideration, as applicable, from the Conversion Shares Depository and (b) the Issuer's CSO Obligations, if any, and that the Securities may continue to be transferable until the Suspension Date, which shall be specified in the Conversion Shares Offer Notice.
Automatic Conversion Notice has the meaning set forth in Section 5.9(b)(v)(A).
Examples of Automatic Conversion Notice in a sentence
The Issuer shall not be entitled to deliver a notice of redemption after an Automatic Conversion Notice has been published.
More Definitions of Automatic Conversion Notice
Automatic Conversion Notice shall have the meaning specified in Section 15.12(b).
Automatic Conversion Notice means the written notice (substantially in the form attached hereto as Exhibit B) to be delivered by the Company to the Trustee directly and to the Holders of the Global Securities via DTC (or, if the Securities are definitive Securities, by the Company to the Trustee directly and to the Holders at their addresses shown on the Contingent Capital Security Register) specifying (i) that a Capital Adequacy Trigger Event has occurred, (ii) the Conversion Date or expected Conversion Date, (iii) the Conversion Price, (iv) that the Company has the option, at its sole and absolute discretion, to elect that a Conversion Shares Offer be conducted and that the Company will issue a Conversion Shares Offer Notice via DTC within ten (10) Business Days following the Conversion Date notifying Holders of the Company’s election and (v) that the Securities shall remain in existence for the sole purpose of evidencing (a) the right of the Holders to receive Conversion Shares or Conversion Shares Offer Consideration, as applicable, from the Conversion Shares Depository and (b) the Company’s CSO Obligations, if any, and that the Securities may continue to be transferable until the Suspension Date, which shall be specified in the Conversion Shares Offer Notice.
Automatic Conversion Notice means the written notice to be delivered by the Issuer to the Noteholders in accordance with Condition 17 (Notices) specifying (i) that a Trigger Event has occurred, (ii) the CET1 Ratio as at the relevant time, (iii) the Conversion Date and the expected Registration Date, (iv) the Conversion Price then prevailing and (v) instructions for Noteholders to receive the relevant Conversion Shares from the Settlement Shares Depositary as described in Condition 5(d) (Settlement Procedure) or, if the Issuer has been unable to appoint the Settlement Shares Depositary, the other arrangements for the Noteholders to receive the relevant Conversion Shares as referred to in the last paragraph of Condition 5(d) (Settlement Procedure);
Automatic Conversion Notice means the written notice to be delivered by the Issuer to the Trustee directly and to the Holders of the Notes through the ISA’s website (Magna) and the TASE announcement system (MAYA) (or, if the Notes are held in definitive form, by the Issuer to the Trustee directly and to the Holders at their addresses shown on the register for the Notes) specifying (i) the Conversion Date, (ii) the Conversion Price, and (iii) the number of Ordinary Shares that will be issued in respect of the Automatic Conversion per Note, and in total.
Automatic Conversion Notice means the written notice to be delivered by us to the Trustee directly and to the holders of the Securities through DTC (or, if the Securities are held in definitive form, by us to the Trustee directly and to the holders at their addresses shown on the register for the Securities) specifying (i) that a Capital Adequacy Trigger Event has occurred, (ii) the Conversion Date or expected Conversion Date, (iii) the Conversion Price, (iv) that we have the option, at our sole and absolute discretion, to elect that a Conversion Shares Offer be conducted and that we will issue a Conversion Shares Offer Notice via DTC within ten
Automatic Conversion Notice means the notice in the form set out in Schedule 6; Automatic Conversion Price means the Conversion Price; and