Financial Institution Recapitalisation Facility definition

Financial Institution Recapitalisation Facility shall be read as references to the Loan Facility; and
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Financial Institution Recapitalisation Facility means a facility to which the Financial Institution Recapitalisation: Facility Specific Terms set out in Section 4 of the Standard ESM Facility Specific Terms apply.
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Financial Institution Recapitalisation Facility. 31 December 2013
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Examples of Financial Institution Recapitalisation Facility in a sentence

  • Clause 10 (Events of Default) of the General Terms shall apply to this Financial Institution Recapitalisation Facility.

  • Clause 2 (Definitions and Interpretation) of the General Terms shall apply to this Financial Institution Recapitalisation Facility.

  • Clause 9 (Payments) of the General Terms shall apply to this Financial Institution Recapitalisation Facility.

  • Clause 7 (Interests, Costs, Fees and Expenses) of the General Terms shall apply to this Financial Institution Recapitalisation Facility.

  • The obligations of the Resolution Fund as a guarantor are set out in Clause 14 (Guarantee and Indemnity) of the General Terms which Clause shall apply mutatis mutandis to any Financial Assistance provided pursuant to an ECCL Facility, a Financial Institution Recapitalisation Facility or a Loan Facility to finance the SRB Loan Facility Agreement where the Beneficiary Member State makes such contributions via the Resolution Fund.

  • This Financial Institution Recapitalisation Facility shall enter into force when the conditions in Clause 4.1 of the General Terms are satisfied and when the following additional conditions are satisfied:3.1 ESM has received legal opinions satisfactory to it given by the Legal Officer of the Beneficiary Member State and special legal counsel to the Recapitalisation Fund in respect of these Facility Specific Terms substantially in the forms set out in Schedule 2 of the General Terms.

  • The Beneficiary Member State and the Fund shall not use such proceeds for any other purpose.2.2 This Financial Institution Recapitalisation Facility is subject to any additional terms set out in an Acceptance Notice.2.3 The aggregate principal amount of the Financial Assistance Amounts available under this Financial Institution Recapitalisation Facility shall not exceed the Aggregate Financial Institution Recapitalisation Facility Amount.

  • The following variations, supplements or replacements shall apply in relation to the General Terms in relation to an ECCL Facility, a Financial Institution Recapitalisation Facility and to a Loan Facility, where Financial Assistance is being provided to the Beneficiary Member State or the Resolution Fund (if applicable) under such Facility by way of financing the SRB Loan Facility Agreement.

  • Clauses 11 (Information Undertakings), 12 (Undertakings relating to Inspections, Fraud Prevention and Audits), 13 (Notices), 15 (Miscellaneous) and 16 (Governing Law and Jurisdiction) of the General Terms shall applyto this Financial Institution Recapitalisation Facility.

  • The following variations, supplements or replacements shall apply in relation to the Facility Specific Terms in relation to an ECCL Facility, a Financial Institution Recapitalisation Facility and to a Loan Facility, where Financial Assistance is being provided to the Beneficiary Member State or the Resolution Fund (if applicable) under such Facility by way of financing the SRB Loan Facility Agreement.

Related to Financial Institution Recapitalisation Facility

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Licensed financial institution means a financial institution issued a license under this act.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Participating Financial Institution means a Financial Institution that has been approved by the Authority to enroll Qualified Loans in the Program and has agreed to all terms and conditions set forth in the Law and this Article and as may be required by any applicable federal law providing matching funding.

  • Financial institution means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.

  • Holding facility means a designated area for the retention of

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Institutional facility means an organization whose primary purpose is to provide a physical environment for patients to obtain health care services and shall not include those places where physicians, dentists, veterinarians, or other practitioners, who are duly licensed, engage in private practice.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).