MREL Notes definition

MREL Notes means the Senior MREL Notes, Senior Non-Preferred Notes and Senior Subordinated Notes which constitute the Issuer’s own funds and eligible liabilities under the BGF Act;
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Examples of MREL Notes in a sentence

  • The Notes may be Fixed Rate Notes, Fixed Reset Notes, Floating Rate Notes or Zero Coupon Notes, or a combination of any of the foregoing, depending upon the Interest Basis shown in the relevant Final Terms.Terms and Conditions of the Notes The Notes may be Unsubordinated Notes, Unsubordinated MREL Notes, Senior Non-Preferred Notes or Subordinated Notes as indicated in the relevant Final Terms.

  • In the case of any Senior MREL Notes, Senior Non-Preferred Notes, Senior Subordinated Notes and Tier 2 Subordinated Notes, no Noteholder shall be entitled to exercise any right of set-off or counterclaim against moneys owed by the Issuer in respect of such Notes or relative Coupons.

  • Condition 5.1(b) is applicable in relation to Unsubordinated MREL Notes only.

  • An additional grant of £10K has also been secured to support people impacted by the pandemic in returning to exercise.

  • This Condition 10.7 is applicable (if so specified in the relevant Final Terms) only in relation to Notes specified in the relevant Final Terms as being Unsubordinated MREL Notes or Senior Non- Preferred Notes and references to “Notes” and “Noteholders” shall be construed accordingly.

  • In particular, in the event of the resolution of the Issuer, the Relevant Resolution Authority may write-down or convert the MREL Notes ahead of the Notes which do not constitute MREL Notes.

  • They also show that depending on the business a company is in, as well as the standards of industry price models, the importance of certain dimensions in the SBIFT model may differ.

  • This Condition 3.1 is applicable in relation to Notes specified in the applicable Final Terms as being Ordinary Senior Notes (including Senior MREL Notes), and references to "Notes" in this Condition 3.1 shall be construed accordingly.

  • Any refusal by (in the case of the Tier 2 Subordinated Notes) the Competent Authority or (in the case of the Senior MREL Notes, the Senior Non-Preferred Notes or the Senior Subordinated Notes) the Relevant Resolution Authority to grant its approval or permission as described above will not constitute an Event of Default under the relevant Notes.

  • Further to the notice dated 15 August 2019, notice is hereby given to the holders of the MREL Notes that, on 20 August 2019, the Supplemental Trust Deed implementing the Proposals in respect of the MREL Notes was executed and CYBG PLC was substituted in place of the Issuer in its capacity as issuer and principal debtor under MREL Notes.

Related to MREL Notes

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Notes shall have the meaning assigned to such term in the recitals.

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2029 Notes has the meaning specified in the recitals of this Supplemental Indenture.

  • Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.

  • Company Notes means the 5.500% Senior Notes of the Company due 2027 issued under the Indenture.

  • 2022 Notes means the 6.25% Senior Notes due 2022 issued by the MLP and Finance.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Series D Notes is defined in Section 1.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • B Notes means each of Note B-1 and Note B-2.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Permitted Notes means and include (i) any Permitted Junior Notes and (ii) any Permitted Pari Passu Notes.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • DTC Notes means Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.

  • Public Notes means the Notes that have been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As of the Closing Date, the Public Notes include the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, other than any Notes held by the Depositor (or any other entity whose separate existence from the Trust is disregarded for federal income tax purposes).