Examples of Material Entity in a sentence
Each Material Entity is a legal entity duly organized, validly existing and in good standing (or the equivalent thereof) under the Laws of its respective jurisdiction of incorporation or organization and has all requisite power and authority to own, lease and operate its properties and to carry on its business as currently conducted.
Such Material Entity capital and liquidity triggers (e.g., those which are based on regulatory capital minimums), as appropriate, have been included within the applicable capital and liquidity policies.
RCEN represents the amount of internal loss absorbing capacity required by each Material Entity to stabilize the entity subsequent to the failure of the Firm and to allow the entity to operate post-filing to execute the Resolution Strategy.
However, depending on the nature of its underlying activities and resulting exposures, a Material Entity may experience its peak funding requirement during or subsequent to the Stabilization Period.
The U.S. Entities generally have no material operational interconnections with each other, with HNCB, or with the non-banking operations of HNFHC outside the U.S. Further, as defined by the Rule, neither of these U.S. Entities is a Material Entity, as neither conducts a Core Business Line for HNFHC or a Critical Operation.