Examples of Compliant Securities in a sentence
No. 20Mover: Councillor Michael Columbus Seconder: Councillor C.H. Luke THAT the Delhi Harvestfest be designated as a Community Festival for the purpose of obtaining a liquor license.
Prior to the giving of any notice of substitution or variation, the Company must deliver to the Trustee an officer’s certificate stating that a Regulatory Event or Tax Event, as the case may be, has occurred, setting out the details thereof, and stating that the terms of the relevant Compliant Securities comply with the definition thereof.
If a Capital Event has occurred and is continuing, then the Issuer may, subject to Condition 7(b) (without any requirement for the consent or approval of the Holders) either substitute all (but not some only) of the Capital Securities for, or vary the terms of the Capital Securities so that they remain or, as appropriate, become, Compliant Securities.
While Compliant Securities must otherwise contain terms that are not materially less favourable to Securityholders than the original terms of the Securities, there can be no assurance that the terms of any Compliant Securities will be viewed by the market as equally favourable to Securityholders, or that such Compliant Securities will trade at prices that are equal to the prices at which the Securities would have traded on the basis of their original terms.
Compliant Securities are securities issued directly or indirectly by the Issuer that have terms that comply with the then current requirements of the Relevant Regulator in relation to Additional Tier 1 Capital and that are not otherwise materially less favorable to the Noteholders than the terms of the relevant Notes.