Danish Recovery and Resolution Act definition

Danish Recovery and Resolution Act means the Danish Recovery and Resolution Act of Certain Financial Undertakings (Consolidated Act No. 24 of 4 January 2019, as amended or replaced from time to time);
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Danish Recovery and Resolution Act means the Danish Act on Restructuring and Resolution of Certain Financial Undertakings (Consolidated Act no. 24 of 4 January 2019, as amended);
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Danish Recovery and Resolution Act means the Danish Act on Restructuring and Resolution of Certain Financial Undertakings (Consolidated Act no. 333 of 31 March 2015, as amended);
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Examples of Danish Recovery and Resolution Act in a sentence

  • Accordingly, resolution (in Danish: afvikling) within the meaning of the Danish Recovery and Resolution Act, or suspension of payment and/or delivery obligations (moratorium) pursuant to section 4a of the Danish Recovery and Resolution Act, in each case in respect of the Issuer and/or the Notes, as the case may be, shall not constitute an Enforcement Event in relation to the Notes.

  • Recovery and Resolution Directive The Issuer is subject to the BRRD, an EU-wide framework for the recovery and resolution of credit institutions, including the general bail-in tool and the minimum requirement for own funds and eligible liabilities (“MREL”), which is implemented into Danish law by way of the Danish Recovery and Resolution Act and by amendments to the Danish Financial Business Act.

  • If this occurs, the Issuer may not have enough assets remaining after these payments are made to pay amounts due under the Additional Tier 1 Capital Notes.According to section 13(4) of the Danish Recovery and Resolution Act, implementing Article 48(7) of the BRRD, liabilities resulting from fully or partially recognised own funds instruments (within the meaning of the CRR, and including the Additional Tier 1 Capital Notes) shall rank junior to all other liabilities.

  • Capital Notes) and (iv) creditors of the Issuer that as a result of section 13(4) of the Danish Recovery and Resolution Act, implementing Article 48(7) of the BRRD and/or section 13(5) of the Danish Recovery and Resolution Act, rank or shall rank senior to the Additional Tier 1 Capital Notes in full before it can make any payments on the Additional Tier 1 Capital Notes.

  • The annex to the Statement requires the terms of a business transfer specifically to protect the pensions of transferees.

  • For example, according to section 49 of the Danish Recovery and Resolution Act, the Danish Resolution Authority can only exercise its powers to write-down or convert the Senior Non-Preferred Notes as described in Condition 6 (Loss absorption following a Resolution Event) to the extent that the holdersof Senior Non-Preferred Notes do not incur greater losses than they would have incurred had the Issuer been wound up under normal insolvency proceedings.

  • Pursuant to their agreement, Stoffregen had no expectation that the Bromwells would pay anything further nor did he plan on billing the Bromwells for any of the other costs incurred for the construction work.

  • Accordingly, resolution (in Danish: afvikling) within the meaning of the Danish Recovery and Resolution Act, or suspension of payment and/or delivery obligations (moratorium) pursuant to Section 4a of the Danish Recovery and Resolution Act, in each case in respect of the Issuer and/or the Notes, as the case may be, shall not constitute an Enforcement Event in relation to the Notes.

  • The Unitary Development Plan: London Borough of Hammersmith and Fulham, adopted August 2003.

Related to Danish Recovery and Resolution Act

  • Bond Resolution means the resolution to be adopted by the Governing Body prescribing the terms and details of the Bonds and making covenants with respect thereto.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Project Implementing Entity’s Legislation means the Charter of the Municipal Development Fund established pursuant to Decree No. 118 of the Government of Georgia dated July 23, 2005, as amended to date.

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • Certificate of Arrangement means the certificate of arrangement to be issued by the Director pursuant to subsection 192(7) of the CBCA in respect of the Articles of Arrangement;

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Resolutions shall have the meaning set forth in Section 7.5.

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • Rail Safety Act means the Rail Safety Act 1998 (WA);

  • Competition Act means the Competition Act (Canada).

  • Education Act means the Education Act, R.S.O. 1990, c. E.2, as amended.

  • Regulations of the U.S. Department of Transportation means the regulations in 49 CFR Parts 100-189.

  • unanimous resolution means, subject to subsection (3), a resolution-

  • Company Articles means the Articles of Incorporation of the Company, as amended.