Excluded Change means any amendment to, or change in, the Loss Absorption Regulations to implement the proposals in the form originally announced by the European Commission on 23 November 2016 in order to further strengthen the resilience of EU banks (the "Proposals") or, if the Proposals have been amended as at the Issue Date of the Bonds, in the form as so amended as at such date.

Excluded Change means changes to the Swedish rules on tax deductibility of interest expenses that was introduced on 1 January 2019 following the Government Bill 2017/18:245 (Nya skatteregler för företagssektorn) that was adopted by Swedish Parliament on 14 June 2018;

Excluded Change means the implementation of a minimum capitalization rule for banks and insurance companies on the terms as set out in the Tax Plan 2020 (Pakket Belastingplan 2020) published by the Dutch Ministry of Finance on September 17, 2019.

Examples of Excluded Change in a sentence

At its sole cost and expense, Tenant shall promptly comply with all such governmental measures, other than the making of structural changes to the Building (the “Excluded Change”); provided, however, to the extent such Excluded Change is required due to or triggered by Tenant’s use of the Premises or Tenant’s Alterations or improvements to the Building, then Tenant shall be responsible to make such Excluded Change.

More Definitions of Excluded Change

Excluded Change means the introduction of legislation implementing the proposals announced originally in the 2016 UK Budget and confirmed in the 2016 Autumn Statement (and outlined in the May 2016 joint HM Treasury and HMRC consultation document on the “tax deductibility of corporate interest expense”) to limit by reference to a specified measure of earnings the tax relief that companies may claim for their UK interest expense;

Excluded Change means, in relation to paragraph 2.1.1(a) of Part 7, a change to the arrangements established between Network Rail and any other person in respect of the payment of any amount under sections 6 or 8 of the Railways Xxx 0000;

Excluded Change means the enactment of legislation substantially in the form of the draft legislation relating to the restriction of relief for interest expenses set out in Schedule 1 of the Finance Bill 2017 published on 13 July 2017; and

Excluded Change means the codification in Dutch law of a “thin-capitalization” rule for insurers that is substantially similar to the policy intentions described in item N151 on page 67 of the Coalition Agreement of the (then) proposed Dutch Government (Regeerakkoord) 2017-2021 published on October 10, 2017.(b) Optional Early Redemption (Call)We may, subject to our having received the prior approval of our Supervisory Authority if required pursuant to the then applicable Capital Adequacy Regulations, and having given notice in accordance with “—Notice of Redemption” below, redeem the Subordinated Notes in whole (but not in part) at our option on April 11, 2028, or on any Interest Payment Date thereafter, at their Base Redemption Price.

Excluded Change means, in relation to paragraph 2.1.1 of Part 7, a

Excluded Change means any amendment to, or change in, the Loss Absorption Regulations to implement the proposals in the form originally announced by the European Commission on November 23, 2016