Examples of Competent Authority in a sentence
In the case of redemption upon the occurrence of a Capital Event, the Issuer has demonstrated to the satisfaction of the Competent Authority that the change in the regulatory classification of the Bonds was not reasonably foreseeable as at the Issue Date.
For the avoidance of doubt, any refusal of the Competent Authority to grant permission in accordance with Article 78 of the CRR shall not constitute a default for any purpose.
Based on this feedback, a prima-facie decision for banning / or otherwise shall be taken by the Competent Authority.
For the avoidance of doubt, changes in the assessment of the Competent Authority regarding tax effects are not considered as a Tax Law Change.
If any provision of this Agreement is or becomes invalid, unenforceable or illegal by a judgement or decision of any court of competent jurisdiction or any Competent Authority to which it is subject or by order of the relevant body of the European Union, the same shall be deemed severable and the remainder of this Agreement shall remain in full force and effect.