Non-Viability Event definition

Non-Viability Event means the earlier of:

Non-Viability Event means the determination by the BRSA that, upon the incurrence of a loss by the Issuer (on a consolidated or non-consolidated basis), the Issuer has become, or it is probable that the Issuer will become, Non-Viable,

Non-Viability Event means that the Regulator has notified the Issuer in writing that it has determined that the Issuer has, or will, become Non-Viable without:

Examples of Non-Viability Event in a sentence

• See “Risk Factors–Risks Related to Subordinated Notes issued by SMFG–The Subordinated Notes contain non-viability loss absorption provisions which subject the Subordinated Notes to a Write-Down upon the occurrence of a Non-Viability Event, as a result of which the holders of the Subordinated Notes may lose the entire value of their investment.

• Further, no notice of redemption shall be given in the period following the giving of a Non-Viability Notice and prior to the relevant Non-Viability Event Write-down Date.

• A Write-down will occur on the Non-Viability Event Write-down Date.

• In these Conditions, “Suspension Period” means the period commencing on the Business Day immediately following the date of a Non-Viability Event Notice (as defined in Condition 6(k)) and ending on the close of business in Hong Kong on the effective date of the related Write-off.

• If a Non-Viability Event occurs, a Write-down (in whole or in part, as applicable) will take place in accordance with Condition 11.2 (Non-Viability Notice).

More Definitions of Non-Viability Event

Non-Viability Event means that the Financial Regulator has informed the Bank in writing that it has determined that a Trigger Event has occurred;

Non-Viability Event means that the Financial Regulator has notified the Bank in writing that it has determined that the Bank is, or will become, Non-Viable without:

Non-Viability Event means that:

Non-Viability Event has the meaning set forth in Section 13.01.

Non-Viability Event means the earliest of the following:

Non-Viability Event means when APRA: (i) issues a written notice to us that it is necessary that Relevant Tier 1 Securities (including the Securities) be subject to Loss Absorption because, without such Loss Absorption, APRA considers that we would become non-viable; or (ii) notifies MBL in writing that it has determined that, without a public sector injection of capital or equivalent support, MBL would become non-viable;

Non-Viability Event means the occurrence of the earlier of either: