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.