Capital Adequacy Condition definition

Capital Adequacy Condition means that:
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Capital Adequacy Condition means Asahi Life’s Solvency Margin Ratio meets or exceeds the Regulatory Minimum Capital Requirements, and a deferral of interest is not required under the then applicable regulatory requirements in Japan (or an official application or interpretation of such regulations, including a decision of a court or a tribunal in Japan).
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Capital Adequacy Condition. Either: • the ratio of The Prudential Assurance Company Limited’s (“Prudential Assurance”) regulatory assets to regulatory capital is at least 125%; • the Issuer and its wholly owned subsidiary Prudential Assurance, exceed their regulatory capital requirement by at least 25%; • the Issuer’s total Assets exceed total Liabilities, other than liabilities to persons that are not Senior Creditors, by at least 125% of such percentage specified by the FSA as the minimum or notional margin of solvency or minimum regulatory capital or capital required for insurance companies by the FSA (as at 31 December 2009, approximately 6%); or • each EEA insurance subsidiary complies with capital regulations applicable to it. Dividend and Capital Restriction: From and including an Optional Coupon Payment Date on which the Issuer does not make payment in full of all coupon payments to be paid on such date, or any Fixed Amount Coupon payment date on which the Solvency Condition is not met, the Issuer shall not (1) declare or pay a dividend or distribution or make any other payment on any Parity or Junior Securities (other than a dividend on the Shares declared prior to that date), or (2) redeem, purchase, or otherwise acquire any Parity or Junior Securities until the Effective Date.
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Examples of Capital Adequacy Condition in a sentence

  • The Issuer may specify in the applicable Final Terms that the Tier 2 Notes are subject to Optional Interest Deferral or Capital Adequacy Condition Deferral.

  • Accordingly, until then, the Issuer determines whether the Capital Adequacy Condition will be met by reference to the requirements of Solvency II.

  • Accordingly, the Issuer intends to determine whether the Capital Adequacy Condition will be met by reference to the requirements of Solvency II, rather than the requirements of the Insurance Group Directive or Solvency I, as has been the case in previous years.

  • Accordingly, the Issuer determines whether the Capital Adequacy Condition will be met by reference to the requirements of Solvency II.


More Definitions of Capital Adequacy Condition

Capital Adequacy Condition. Either: • the ratio of The Prudential Assurance Company Limited’s (“Prudential Assurance”) regulatory assets to regulatory capital is at least 125%; • the Issuer and its wholly owned subsidiary Prudential Assurance, exceed their regulatory capital requirement by at least 25%; • the Issuer’s total Assets exceed total Liabilities, other than liabilities to persons that are not Senior Creditors, by at least 125% of such percentage specified by the FSA as the minimum or notional margin of solvency or minimum regulatory capital or capital required for insurance companies by the FSA (as at 31 December 2009, approximately 6%); or • each EEA insurance subsidiary complies with capital regulations applicable to it.
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Capital Adequacy Condition shall have the meaning attributable to such term in the applicable Board Resolution or supplemental indenture executed pursuant to Section 3.01 hereof establishing the terms of the relevant series of Securities.
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Related to Capital Adequacy Condition

  • Regulatory Change means, with respect to Bank, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or requests applying to a class of lenders including Bank, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.