Liability Management Exercise definition

Liability Management Exercise means any purchase, repurchase, redemption or liability reduction exercise commenced by the Issuer or any member of the Group within six months of the Issue Date, in respect of any of the Group’s securities (other than units of Ordinary Stock and Other Securities) where such exercise has been approved by the Competent Authority including, but not limited to: (i) the exchange offers of the Issuer launched on 8 June 2011; (ii) the CAD138,721,000 Fixed/Floating Dated Subordinated Notes due September 2015 (ISIN: CA062786AA67); and (iii) the GBP75,000,000 13.375 per cent. Unsecured Perpetual Subordinated Bonds (ISIN: GB0000510312);
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Liability Management Exercise means the liability management exercise announced or to be announced by BOI in April 2010.
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Liability Management Exercise means the liability management exercise referred to in the Society’s announcement dated 8 March 2018 in respect of the PPDS and the Society’s permanent interest bearing shares;
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Examples of Liability Management Exercise in a sentence

  • Assuming completion of the EBS Merger prior to 31 July 2011, those requirements require AIB to generate c.€14.8 billion of additional capital to meet the PCAR Requirement.It is anticipated that the portion of the PCAR Requirement that has not been satisfied by the Placing, the Contingent Capital Notes Issue, the June 2011 Liability Management Exercise, the EBS LME and any further burden-sharing with the Group’s subordinated debt holders will be satisfied by the Capital Contribution.

  • The Group generated Core Tier 1 Capital from the January 2011 Liability Management Exercise of approximately €1.5 billion.• On 24 February 2011, AIB announced that it had agreed, pursuant to a transfer order issued by the High Court under the Stabilisation Act, to the immediate transfer of deposits of €7.1 billion and NAMA senior bonds with a nominal value of €12.2 billion from Anglo to AIB.

  • Further Core Tier 1 Capital may be generated when the final results of the June 2011 Liability Management Exercise are known.• On 31 May 2011, EBS launched a liability management exercise comprising an offer to purchase the EBS Subordinated Notes and the modification of the terms and conditions of the EBS Subordinated Notes, and it announced that it intended to use any capital generated by that exercise to meet the EBS PCAR Requirement.

  • JBS Announces US$500 Million in Senior Notes and Liability Management Exercise.

  • OVERVIEW OF THE LIABILITY MANAGEMENT EXERCISEThe EMTN Liability Management Exercise is being conducted as part of the wider Bank Liability Management Exercise which, in turn, forms part of the Restructuring.

  • Customer deposits increased by Euro 3.9 billion (+15.2%) year-on-year, of which Euro 1.8 billion was a result of the LME (Liability Management Exercise) concluded in October 2017.

  • Moreover, the Directors do not believe, at the present time, that there is an alternative source to meet the Remaining Capital Requirement other than the Liability Management Exercise, the possible disposal of the Irish Life Group and the State Investment.The Group’s banking business experienced significant growth in lending in the period 2005 to 2007, with loan balances increasing by €13 billion.

  • The conditions which must be satisfied or waived, if applicable, on or before 30 June 2016 in order for the EMTN Liability Management Exercise to be implemented, as more fully described in paragraph 4 of Part 1 of Section B to this Exchange Offer Document.

  • The invitations described in this Exchange Offer Document by the Bank to Eligible Holders to exchange their Existing Notes for the relevant series of the Good Bank Notes, Senior Stub Instruments and the Cash Payment and receive the Coupon Service Payment under the EMTN Liability Management Exercise (and the invitation in respect of each Series being an “Exchange Offer”).

  • The Liability Management Exercise announced by the Society on 13December 2017, comprising the Offers, the PIBS Tender Offer and certain other variations to the PPDS Conditions which were made on 19 January 2018.


More Definitions of Liability Management Exercise

Liability Management Exercise means the liability management exercise (in respect of, amongst other securities, the Bonds) described in the announcement made by the Issuer and/or Co-operative Group Limited on or around 4 November 2013.” 2. assents to and sanctions, to the fullest extent permitted by law and under the Trust Deed, in respect of all holders of 5.5555% Bonds:
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Liability Management Exercise means any purchase, repurchase, redemption or liability reduction exercise commenced by the Issuer or any member of the Group within six months of the Issue Date, in respect of any of the Group‟s securities (other than units of Ordinary Stock and Other Securities) where such exercise has beenapproved by the Competent Authority including, but not limited to: (i) the exchange offers of the Issuer launched on 8 June 2011; (ii) the CAD138,721,000 Fixed/Floating Dated Subordinated Notes due September 2015 (ISIN: CA062786AA67); and (iii) the GBP75,000,000 13.375 per cent. Unsecured Perpetual Subordinated Bonds (ISIN: GB0000510312);
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Liability Management Exercise any exercise intended to commute, reshape, or transfer out benefits from the Pension Scheme or any section of the Pension Scheme in relation to all or part of the Pension Scheme or any section of the Pension Scheme with a view to improving the funding position of the Pension Scheme or any section of the Pension Scheme by offering an additional option or options to members (or certain members) of the Pension Scheme or any section of the Pension Scheme, including but not limited to:
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Liability Management Exercise means the liability management exercise to be carried out in 2011 by the Society with the agreement of the NTMA in relation to the Society’s subordinated debt and hybrid debt securities;
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Liability Management Exercise means the Exchange Offers and Scheme which form part of the Recapitalisation Plan of the Bank; Loan has the meaning given to it in the Intra-Group Loan;
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Liability Management Exercise means the steps contemplated by the Exchange Offers and the Scheme which form part of the recapitalisation plan of the Bank.
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Related to Liability Management Exercise

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • export of services means the supply of any service when,––

  • disaster management means a continuous and integrated process of planning, organising, coordinating and implementing measures which are necessary or expedient for—

  • Procurement Management means the Director of Lee County’s Procurement Management Department or designee.

  • Home health aide services means the personal care and maintenance activities provided to individuals for the purpose of promoting normal standards of health and hygiene.

  • Quality Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.3 of Exhibit B to the ITP.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Extra Services means those services set forth in Schedule “B” that are requested by the Municipality for itself or on behalf of its citizens and provided by the Company in accordance with paragraph 7 of this Agreement;

  • Enrollee point-of-service cost-sharing or "cost-sharing" means amounts paid to health carriers directly providing services, health care providers, or health care facilities by enrollees and may include copayments, coinsurance, or deductibles.

  • Appraisal management services means one or more of the following:

  • Outpatient services means those services rendered in a practitioner’s office or in the department of an approved facility where services are rendered to persons who have not had an overnight stay and are not charged for room and board.

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Medically Necessary Services means those covered services that are, under the terms and conditions of the contract, determined through contractor utilization management to be:

  • Adopt a comprehensive land use plan means to enact a new

  • Floodplain Management means the operation of an overall program of corrective and preventive measures for reducing flood damage, including but not limited to emergency preparedness plans, flood control works and floodplain management regulations.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Basic generation service provider or "provider" means a

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Procurement Services shall refer to a business unit of OGS, formerly known as New York State Procurement (“NYSPro”) and Procurement Services Group (“PSG”).

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Basic health plan services means that schedule of covered

  • Supply of services means any transaction which does not constitute a supply of goods.

  • Multiphase professional services contract means a contract for the providing of professional

  • Passenger Services means, those railway passenger services provided by or on behalf of the Beneficiary pursuant to the permission to use track granted in accordance with the Track Access Agreement;