German Special Resolution Regime definition

German Special Resolution Regime means, other than any Ring-fence Provisions, (a) the German Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz), (b) the German Credit Institutions Reorganization Act (Kreditinstitute-Reorganisationsgesetz), and (c) Section 36a in conjunction with Sections 30 through 36 of the German Covered Bonds Act (Pfandbriefgesetz), and each of their implementing regulations and measures, each as the same may be amended from time to time; provided that the German Special Resolution Regime shall not include Sections 82 through 84, 144, and 169 of the German Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz) to the extent that they relate to the exercise of “crisis prevention measures” (Krisenpräventionsmaßnahme) as defined in Section 2(3) no. 37 of the German Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz) other than the exercise of powers to write down or convert relevant capital instruments that are exercised in the circumstances described in Article 59.1(b) of the BRRD. For the avoidance of doubt, the provisions of Section 1(b) of the Attachment will not apply with respect to the imposition of a moratorium on payments and dispositions within the meaning of Section 46(1), sentence 2, number (4) of the German Banking Act (Kreditwesengesetz), if applicable, in respect of Covered Agreements or Covered Credit Enhancements to Adhering Parties from the entity subject to Resolution.
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German Special Resolution Regime means, subject to the German Annex, other than any Ring-fence Provisions, (a) the German Credit Institutions Reorganization Act (Kreditinstitute-Reorganisationsgesetz),(b) Sections 48a through 48t of the German Banking Act (Kreditwesengesetz) and (c) Section 36a in conjunction with Sections 30 through 36 of the German Covered Bonds Act (Pfandbriefgesetz), and their implementing regulations and measures, as the same may be amended from time to time.
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Examples of German Special Resolution Regime in a sentence

  • Condition on Opt-in to Resolutions under the German Special Resolution Regime.

  • Amendments to the German Special Resolution Regime in compliance with clause 2 of this German Annex do not constitute “material and adverse” amendments to the German Special Resolution Regime under Section 4(b)(i)(B) of the Attachment, and accordingly their enactment (including through the enactment of the German Restructuring and Resolution Act (Sanierungs- undAbwicklungsgesetz ) will not change the status of the German Special Resolution Regime as an Identified Regime.

  • In the event of any inconsistencies between the Attachment and this German Annex, this German Annex will prevail with respect to the German Special Resolution Regime.

Related to German Special Resolution Regime

  • 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.

  • 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.

  • U.S. Special Resolution Regimes has the meaning specified in Section 11.21.

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

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

  • Initial Resolution Period As defined in Section 2.03(b).

  • 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;

  • 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.

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • Series Resolution means a resolution of the Corporation authorizing the issuance of a Series of Bonds in accordance with the terms and provisions of the General Trust Indenture, adopted by the Corporation in accordance with Section 204 of the General Trust Indenture.

  • Relevant UK Resolution Authority means any authority with the ability to exercise a UK Bail-in Power.

  • 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;

  • Member Association means any national football association affiliated to FIFA, irrespective of whether its representative team is participating in the Competition.

  • Articles of Association means the articles of association of the Company, as amended from time to time.

  • UK Resolution Authority means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

  • Ordinary Resolution means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • 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.

  • resolution power means a power referred to in Articles 63 to 72;

  • Regional Board means a California regional water quality control board.

  • Master association means an organization that is authorized to exercise some or all of the powers of one or more associations on behalf of one or more common interest communities or for the benefit of the unit owners of one or more common interest communities.

  • 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.

  • Resolution shall have the meaning specified in Section 8(E).

  • Governing Council means the Governing Council of the University;

  • Clinical supervisor means any of the following:

  • Protocol means, in respect of any category of object and associated rights to which this Convention applies, the Protocol in respect of that category of object and associated rights;