Loss Absorption Event Notice means a notice which specifies that a Contingency Event has occurred, the Write- Down Amount (as a percentage of the Initial Principal Amount resulting in a pro rata decrease in the Prevailing Principal Amount of each Note), including the method of calculation of the Write-Down Amount, and the date on which the Write-Down will take effect (the “Write-Down Effective Date”). Any Loss Absorption Event Notice delivered to the Trustee and the Paying Agent must be accompanied by a certificate signed by the authorized signatories stating that the Contingency Event has occurred and setting out the method of calculation of the relevant Write-Down Amount.
Loss Absorption Event Notice means a notice which specifies that a PONV Trigger Event or CET1 Trigger Event (as applicable) has occurred, the Write-Down Amount and the date on which the Write-Down will take effect. Any Loss Absorption Event Notice must be accompanied by a certificate signed by an authorized officer of the Issuer (as defined in Condition 8) stating that the PONV Trigger Event or CET1 Trigger Event, as relevant, has occurred. The Trustee and Principal Paying Agent shall be entitled to rely absolutely on such certificate and notice, which shall be binding upon all Noteholders, Couponholders and Receiptholders;
Loss Absorption Event Notice means an irrevocable notice specifying that a Loss Absorption Event has occurred, which shall be issued by the Issuer not later than one Business Day after the occurrence of a Loss Absorption Event to the holders of the Subordinated Notes in accordance with Condition 16 and to the Trustee and the Issuing and Paying Agent;
Examples of Loss Absorption Event Notice in a sentence
Transfers of interests in any Subordinated Notes that are the subject of a Loss Absorption Event Notice issued in accordance with Condition 6 shall not be permitted during any Suspension Period (as defined in Condition 2(g)).
Upon the occurrence of a Loss Absorption Event, the Issuer shall give a Loss Absorption Event Notice.
As soon as practicable following the occurrence of a Loss Absorption Event, NAB must give notice of the Loss Absorption Event (a Loss Absorption Event Notice) to the Registrar, and the Holders which states the Loss Absorption Event Conversion Date, the aggregate Principal Amount of Capital Notes Converted or Written Off and the aggregate principal amount of Relevant Tier 1 Capital Instruments converted into Ordinary Shares or written off.
A Loss Absorption Event Notice to the holders of any Subordinated Notes shall be deemed to have been validly given on the date on which such notice is published on the website of the SGX-ST (www.sgx.com) or on the Issuer’s website.
Proposer may offer compliance services but must also commit to work and/or coordinate with UNLVSOM’s outside vendors if requested.
More Definitions of Loss Absorption Event Notice
Loss Absorption Event Notice means an irrevocable notice specifying that a Loss Absorption Event has occurred, which shall be signed by a director of the Issuer and given not later than one business day after the occurrence of the Loss Absorption Event, to Securityholders and the Trustee.
Loss Absorption Event Notice means, unless otherwise specified hereon, a notice which specifies (at a minimum) that a Non-Viability Event has occurred, any amount of write-down or write-off required of the Tier 2 Subordinated Notes as a result of the occurrence of the Non- Viability Event and the date on which the write-down becomes effective, and if the Tier 2 Subordinated Notes are represented in global form upon the occurrence of the Non-Viability Event, such notice shall also contain an instruction by the Issuer (through the Paying Agent) to Euroclear Bank SA/NV and Clearstream Banking S.A. to cease all clearance and settlement of transfers in the Tier 2 Subordinated Notes during a Suspension Period, or such other instructions that may be relevant according to the then applicable rules and regulations of such clearing systems. 3 Status
Loss Absorption Event Notice means a notice substantially in the form attached as Schedule 5 to the Agency Agreement specifying that a Trigger Event or a Non-Viability Event has occurred, the Write-Down Amount and the Loss Absorption Effective Date, and if the Additional Tier 1 Subordinated Notes are represented in global form at the time of occurrence of the Trigger Event or the Non-Viability Event, such notice shall contain an instruction by the Issuer (through the Paying Agent) to Euroclear and Clearstream to cease all clearance and settlement of transfers in the Additional Tier 1 Subordinated Notes during the Suspension Period;
Loss Absorption Event Notice means a notice which specifies that a Non-Viability Event has occurred, the Write-Down Amount and the Loss Absorption Effective Date. Any Loss Absorption Event Notice must be accompanied by a certificate signed by two directors of the Issuer stating that the Non-Viability Event has occurred;
Loss Absorption Event Notice means a notice in writing which shall be given by the Borrower as provided under this Agreement to its shareholder(s), the Lender and the Trustee being substantially in the form set out in Schedule 1 hereto.
Loss Absorption Event Notice has the meaning given to such term in Condition 6.1 (Loss absorption);
Loss Absorption Event Notice means a notice which specifies that a Contingency Event has occurred, the Write-Down Amount (as a percentage of the Initial Principal Amount resulting in a pro rata decrease in the Prevailing Principal Amount of each Note), including the method of calculation of the Write-Down Amount, and the date on which the Write-Down will take effect (the Write- Down Effective Date). Any Loss Absorption Event Notice delivered to the Fiscal Agent must be accompanied by a certificate signed by the Authorised Signatories stating that the Contingency Event has occurred and setting out the method of calculation of the relevant Write-Down Amount.