MREL or TLAC Requirements definition

MREL or TLAC Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss-absorbing capacity instruments applicable to the Issuer and/or the Group, from time to time, including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the Republic of Italy, a Competent Authority, a Relevant Resolution Authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.
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MREL or TLAC Requirements means the minimum requirements for own funds and eligible liabilities and/or total loss-absorbing capacity requirements applicable to the Issuer and/or the Group referred to in the BRRD and CRD, or any other EU laws and regulations implemented in French laws and regulations and/or as set out in policies and/or principles of the SRB as the case may be, and/or as per the FSB TLAC Term Sheet dated November 9, 2015, as amended from time to time.
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MREL or TLAC Requirements means the minimum requirements for own funds and eligible liabilities and/or total loss-absorbing capacity requirements applicable to the MREL Group referred to in the BRRD, or any other EU laws and regulations implemented in French laws and regulations as the case may be, and/or, if applicable to the MREL Group, as per the FSB TLAC Term Sheet dated November 9, 2015, as amended from time to time.
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Examples of MREL or TLAC Requirements in a sentence

  • The Issuer is currently unable to predict whether all or part of the Notes may cease to comply with the minimum requirements for own funds and eligible liabilities and/or total loss absorbing capacity requirements applicable to the Issuer and/or the Group and thus be excluded fully or partially from the MREL or TLAC Requirements.

  • The non-compliance with the MREL or TLAC Requirements could result in the occurrence of a MREL or TLAC Disqualification Event.

  • Subject as provided in the following paragraph, and, in the case of Senior Notes issued in accordance with MREL or TLAC Requirements, to the provisions of Condition 10.14 (Conditions to Redemption and Purchase of Senior Notes Issued in Accordance With MREL or TLAC Requirements), the Issuer or any Subsidiary may at any time purchase Notes (provided that, in the case of definitive Notes, all unmatured Receipts appertaining thereto are purchased therewith) at any price in the open market or otherwise.

  • Notes constituting Tier 2 Capital Instruments or eligible liabilities under MREL or TLAC Requirements may also be Positive Impact Notes.

  • Any failure by the Issuer and/or the Group to comply with its MREL or TLAC Requirements may have a material adverse effect on the Issuer’s or the Group’s business, financial conditions and results of operations and could result, among other things, in the imposition of restrictions or prohibitions on discretionary payments by the Issuer.

  • At the date of this Base Prospectus, the Issuer is above its MREL and TLAC Requirements.Any failure by the Issuer and/or the Group to comply with its MREL or TLAC Requirements may have a material adverse effect on the Issuer’s or the Group’s business, financial conditions and results of operations and could result, among other things, in the imposition of restrictions on payments by the Issuer.

  • At the date of this Base Prospectus, the Issuer meets its MREL and TLAC requirements.Any failure by the Issuer and/or the Group to comply with its MREL or TLAC Requirements may have a material adverse effect on the Issuer’s or the Group’s business, financial conditions and results of operations and could result, among other things, in the imposition of restrictions or prohibitions on discretionary payments by the Issuer.

  • At the date of this Base Prospectus, the Issuer is above its MREL or TLAC Requirements.Any failure by the Issuer and/or the Group to comply with its MREL or TLAC Requirements may have a material adverse effect on the Issuer’s or the Group’s business, financial conditions and results of operations and could result, among other things, in the imposition of restrictions on payments by the Issuer.

  • For the avoidance of doubt, the exclusion of a Series of Senior Non-Preferred Notes from the eligible liabilities available to meet the MREL or TLAC Requirements due to the remaining maturity of such Senior Non-Preferred Notes being less than any period prescribed thereunder, does not constitute a MREL or TLAC Disqualification Event.

  • The Notes issued by Societe Generale specified in the applicable Final Terms as Senior Preferred Notes are intended to be eligible liabilities available to meet the MREL or TLAC Requirements (as defined in Condition 2 of the German Law Notes, of the English Law Notes and of the French Law Notes).

Related to MREL or TLAC Requirements

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Program Requirements means certain minimum program entry requirements as well as ongoing program requirements, to be fulfilled by Partner, some of which are general PartnerEdge requirements, some of which are specific for the “Sell Engagement” and some of which are specific for the different “Cloud” Product Families, including, without limitation payment of the Program Fee(s), meeting certain minimum annual revenue requirements, upholding a Sell Authorization for at least one “Cloud” Product Family and other requirements as set out in detail in the PartnerEdge Program Guide and the RSPI.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Applicable Technical Requirements and Standards means those certain technical requirements and standards applicable to interconnections of generation and/or transmission facilities with the facilities of an Interconnected Transmission Owner or, as the case may be and to the extent applicable, of an Electric Distributor, as published by Transmission Provider in a PJM Manual provided, however, that, with respect to any generation facilities with maximum generating capacity of 2 MW or less (synchronous) or 5 MW or less (inverter-based) for which the Interconnection Customer executes a Construction Service Agreement or Interconnection Service Agreement on or after March 19, 2005, “Applicable Technical Requirements and Standards” shall refer to the “PJM Small Generator Interconnection Applicable Technical Requirements and Standards.” All Applicable Technical Requirements and Standards shall be publicly available through postings on Transmission Provider’s internet website.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • Authority Requirements means the operational requirements, functions and characteristics of the Framework set out in Schedule 1 (Statement of Requirements)

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Resource Adequacy Requirements has the meaning set forth in Section 3.3.

  • Governmental Requirements means all judgments, orders, writs, injunctions, decrees, awards, laws, ordinances, statutes, regulations, rules, franchises, permits, certificates, licenses, authorizations and the like and any other requirements of any government or any commission, board, court, agency, instrumentality or political subdivision thereof.

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Data Protection Requirements means all applicable (i) Data Protection Laws, (ii) Privacy Policies and (iii) those terms of any Contracts imposing obligations on the Company or its Subsidiaries with respect to the Company’s collection, use, storage, disclosure, or cross-border transfer of Personal Data.

  • essential requirements means all the conditions set out in Annex III which must be met by the rail system, the subsystems, and the interoperability constituents, including interfaces;

  • Relevant Requirements means all applicable Law relating to bribery, corruption and fraud, including the Bribery Act 2010 and any guidance issued by the Secretary of State for Justice pursuant to section 9 of the Bribery Act 2010;