Liability Management Exercise definition

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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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 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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Examples of Liability Management Exercise in a sentence

  • The FROB will carry out a Liability Management Exercise regarding hybrid instruments and subordinated debt issued by BVA, in accordance with Royal Decree Law 9/2012 in order to achieve the contribution by the holders of such instruments, so that BVA will face no liability for such instruments, as foreseen in the pro forma balance sheet that the FROB and BVA provided on 22 November 2012.

  • The capital reduction will result in a reduction of […]% of the nominal value of the shares (from a unitary nominal value of EUR 0.2 to a unitary nominal value of EUR […]).6.2. Holders of preference shares, perpetual and dated subordinated debt will be subject to a Liability Management Exercise ("LME").

  • The Standby State Investment may be reduced by capital generated from the combination of the Liability Management Exercise and future asset disposals including a possible disposal of the Irish Life Group.

  • 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.

  • Additional Preference Shares has the meaning given to that term in paragraph 3.7 of Part C (Overview of the Liability Management Exercise) of this Explanatory Statement.

  • The Committee is asked to note the background to and features of Brent’s new Apprenticeship Programme.

  • Other reserves includes the capital redemption reserve created as a result of the Bank’s Liability Management Exercise in 2013, and the defined benefit pension reserve created in 2016.

  • The Institutional Offering is expected to be completed by end of November 2015, subject to obtaining required approvals (note 24).In combination with the aforementioned planned share capital increase a Liability Management Exercise (LME), was launched by Eurobank on 29 October 2015 referring to the tender offer on € 877 million (face value) of outstanding eligible senior unsecured, Tier I and Tier II securities.

  • 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.


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 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 13% 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 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 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 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; Lock-up has the meaning given to it in clause 4.1;
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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.

  • Payment Infrastructure Provider means a payments clearance system or other third party which forms part of a payment system infrastructure, including without limitation communications, clearing or payment systems and intermediary banks or correspondent banks who are not agents of the Service Provider;

  • 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 means amounts paid to

  • 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.

  • 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:

  • Electric generation service means the provision of retail

  • 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

  • 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 the Franchisee's railway passenger services as specified in any Timetable and/or Plan of the Day including those railway passenger services which the Franchisee may delegate or subcontract or otherwise secure through any other person from time to time in accordance with the Franchise Agreement;

  • Inpatient services means services provided to you as an admitted inpatient in a recognised private or public hospital for treatment that is in an included clinical category, has a Medicare item number allocated and a Medicare benefit is payable.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.