MREL Requirement definition

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;

MREL Requirement means the requirement for own funds and eligible liabilities or loss absorbing capacity, which is or, as the case may be, will be, applicable to the Issuer (whether on a solo or (sub)consolidated basis).

MREL Requirement means the minimum requirements for eligible liabilities (MREL) which are or, as the case may be, will be, applicable to the Issuer and/or the Issuer's MREL Group in accordance with

Examples of MREL Requirement in a sentence

• The Senior Preferred Notes and the Senior Non-Preferred Notes are intended to be MREL Eligible Liabilities which are available to meet any MREL Requirement (however called or defined by the Applicable MREL Regulations then applicable) of the Issuer and the Group.

• The Notes constitute direct, unsecured and non-preferred obligations of the Issuer and are intended to qualify as eligible liabilities instruments (within the meaning of point (a) of Article 72a(1) and Article 72b CRR) of the Issuer for the MREL Requirement.

• The Notes are intended to qualify as eligible liabilities of the Issuer for the MREL Requirement.

• The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer and are intended to qualify as eligible liabilities instruments (within the meaning of point (a) of Article 72a(1) and Article 72b CRR with the exception of point (d) of Article 72b(2) CRR) of the Issuer for the MREL Requirement.

• The Senior Non-Preferred Notes are intended to be MREL Eligible Liabilities which are available to meet any MREL Requirement (however called or defined by the Applicable MREL Regulations then applicable) of the Issuer and the Group.

More Definitions of MREL Requirement

MREL Requirement means the minimum requirement of eligible liabilities referred to in the BRRD and relevant implementing legislation in Denmark;

MREL Requirement means the total loss-absorbing capacity requirement and/or the minimum requirement for own funds and eligible liabilities, in each case which is or, as the case may be, will be, applicable to the Issuer and/or the Group;

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 and/or the Group;

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

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 Bank or the Group, as the case may be; Relevant Regulator means (to the extent applicable to the relevant Notes at the relevant time) (i) (in respect of the Subordinated Notes) the FSA and (ii) (in respect of the Senior Preferred Notes and the Senior Non-Preferred Notes) the Relevant Resolution Authority (as defined in Condition 18) and/or such other authority tasked with matters relating to the qualification of securities of the Bank and/or the Group, as the case may be, under the Applicable MREL Regulations; Senior Non-Preferred Liabilities means liabilities having Senior Non-Preferred Ranking; Senior Non-Preferred Ranking means the ranking for senior non-preferred notes or senior non- preferred debt instruments as described in Article 85 (a) of Act No. 70/2020 on Recovery and Resolution of Credit Institutions and Investment Firms, as amended by the Hierarchy of Claims Act, that expressly provides that upon the insolvency of a financial institution regulated under Act No. 70/2020 on Recovery and Resolution of Credit Institutions and Investment Firms such senior non- preferred notes or senior non-preferred debt instruments will rank below other unsubordinated and unsecured liabilities with higher priority ranking of the financial institution; and in addition, with respect to Senior Non-Preferred Liabilities that constitute Senior Non-Preferred Notes, the ranking set forth in Condition 3.2; Tier 2 capital means Tier 2 capital as defined in Applicable Banking Regulations; and

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 (whether on a solo or (sub)consolidated basis) and including any subordination requirement that may become applicable to the Issuer pursuant to a decision of the Resolution Authority;

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 or the Group, as the case may be; NGN means a Temporary Global Note or a Permanent Global Note and in either case in respect of which the applicable Final Terms indicates is a New Global Note; Notes means notes (whether in bearer or registered form) in or substantially in the forms set out in the Schedules hereto comprising the Global Medium Term Notes constituted by these presents and for the time being outstanding or, as the context may require, a specific number of them and includes any replacement Notes issued pursuant to Condition 11; NSS means the New Safekeeping Structure for registered global Securities which are intended to constitute eligible collateral for Eurosystem monetary policy operations; outstanding means, in relation to the Notes, all the Notes issued other than: