Capital Breach Event definition

Capital Breach Event means the occurrence of a breach by the Issuer or the Group or any member of the Group of the Capital Regulations applicable to the Issuer or the Group or any member of the Group, as the case may be (whether or not such requirements, guidelines or measures have the force of law and whether they are applied generally or specifically to the Issuer or the Group or any member of the Group, as the case may be);
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Capital Breach Event means the occurrence of a breach by the Issuer or the HBOS Group or any member of the HBOS Group of the United Kingdom capital adequacy requirements, guidelines or measures or any other regulatory capital requirements, guidelines or measures applicable to the Issuer or the HBOS Group or any member of the HBOS Group, as the case may be (whether or not such requirements, guidelines or measures have the force of law and whether they are applied
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Capital Breach Event means the occurrence of a breach by [the]*/[a]** Guarantor or the LBG Group or any member of the LBG Group of the United Kingdom capital adequacy requirements, guidelines or measures applicable to [the]*/[such]** Guarantor or the LBG Group or any member of the LBG Group, as the case may be (whether or not such requirements, guidelines or measures have the force of law and whether they are applied generally or specifically to [the]*/[a]** Guarantor or the LBG Group or any member of the LBG Group, as the case may be); a “Capital Disqualification Event” is deemed to have occurred (1) if, at any time LBG or, where LTSB is a or the Guarantor, LTSB is required under Regulatory Capital Requirements to have regulatory capital, the ECNs would no longer be eligible to qualify in whole or in part (save where such non-qualification is only as a result of any applicable limitation on the amount of such capital) for inclusion in the Upper Tier 2 Capital of LBG or, as the case may be, LTSB on a consolidated basis; or (2) if as a result of any changes to the Regulatory Capital Requirements or any change in the interpretation or application thereof by the FSA, the ECNs shall cease to be taken into account in whole or in part (save where this is only as a result of any applicable limitation on the amount that may be so taken into account) for the purposes of any “stress test” applied by the FSA in respect of the Consolidated Core Tier 1 Ratio;
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Examples of Capital Breach Event in a sentence

  • The Trustee shall not be obliged to monitor compliance by LBG with this Condition 8(g) or to ascertain at any time whether or not a Capital Breach Event or Market Disruption Event has occurred or whether any payment has been or may be deferred and shall be entitled to assume, unless it has actual knowledge to the contrary pursuant to the Trust Deed, that LBG is complying with its obligations under this Condition 8(g) and that no such event has occurred.

  • The Trustee need not notify anyone of the execution of this Trust Deed or do anything to find out if an Event of Default, Potential Event of Default, breach of this Trust Deed, Conversion Trigger, Capital Disqualification Event, Relevant Event, Tax Event or, in the case of Undated ECNs only, Capital Breach Event or Market Disruption Event has occurred.

Related to Capital Breach Event

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Breach means the acquisition, access, use, or disclosure of PHI in a manner not permitted 9 under the HIPAA Privacy Rule which compromises the security or privacy of the PHI.

  • Data Breach means the unauthorized access by an unauthorized person that results in the use, disclosure or theft of Customer Data.

  • Data Breaches Party shall report to AHS, though its Chief Information Officer (CIO), any impermissible use or disclosure that compromises the security, confidentiality or privacy of any form of protected personal information identified above within 24 hours of the discovery of the breach. Party shall in addition comply with any other data breach notification requirements required under federal or state law.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Non-Breaching Party has the meaning set forth in Section 9.2.1.

  • Purchase and Sale Termination Event has the meaning set forth in Section 8.1 of the Sale Agreement.

  • Event of Termination has the meaning specified in Section 7.01.

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.