Principal Write Down Measure definition

Principal Write Down Measure means the writing down in whole or in part of the principal amount of the Loan.
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Principal Write Down Measure has the meaning given to it in Clause 5.4 (Loss Absorption).
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Examples of Principal Write Down Measure in a sentence

  • If a Write Down Event has occurred and is continuing, Sberbank will promptly and unconditionally (irrespective of whether Sberbank has incurred any losses) apply the Write Down Measures on the Write Down Measure Effective Date provided that the Principal Write Down Measure shall be applied by Sberbank only if, after cancellation of interest accrued as of the Write Down Measure Effective Date in whole under the Interest Cancellation Measure, the Write Down Event would still be continuing.

  • Pursuant to Clause 8 of the Loan Agreement, if a Write Down Event has occurred and is continuing, on the Write Down Measure Effective Date the Borrower’s obligations under the Loan Agreement to repay the principal amount of the Loan shall be terminated in full or in part and the Borrower shall (irrespective of whether the Borrower has incurred any losses) Write Down the Write Down Amount for the purposes of the Principal Write Down Measure, as all such terms are defined in the Loan Agreement.

  • Unless otherwise specified, all proprietary materials shall be used and placed in strict accordance with the relevant manufacturer's instructions.

  • Following any application of the Principal Write Down Measure in accordance with this Clause 4.5, references in this Agreement to the outstanding principal amount of the Loan (howsoever described) shall be construed accordingly.

  • Pursuant to Clause 8 of the Subordinated Loan Agreement, if a Write Down Event has occurred and is continuing, then on the Write Down Measure Effective Date RSB's obligations under the Subordinated Loan Agreement to repay the principal amount of the Loan will be terminated in whole or in part and RSB shall Write Down the Write Down Amount for the purposes of the Principal Write Down Measure, as all such terms are defined in the Subordinated Loan Agreement.

  • Following any Principal Write Down Measure in accordance with this Clause 8, references herein to "outstanding principal amount" of the Subordinated Loan shall be construed as references to the Outstanding Principal Amount.

Related to Principal Write Down Measure

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