Examples of Relevant Banking Regulator in a sentence
The Issuer may from time to time, subject to the prior written approval of the Relevant Banking Regulator but without the consent of the Noteholders, issue further notes to be assimilated (assimilables) with the Notes as regards their financial service, provided that such further notes and the Notes shall carry rights identical in all respects (or in all respects except for the first payment of interest thereon) and that the terms of such further notes shall provide for such assimilation.
The Issuer may at any time purchase Notes in the open market or otherwise at any price provided that it has obtained the prior approval of the Relevant Banking Regulator.
Relevant Banking Regulator means the SGCB or its successor or any other relevant regulatory authority by which the Issuer is then supervised.
The Issuer may at any time, subject to the prior consent of the Relevant Banking Regulator, purchase Notes in the open market or otherwise (including by way of tender offer) at any price: (a) if the total aggregate principal amount of Notes so purchased shall exceed 10 per cent.
In the case that a Capital Deficiency Event has occurred pursuant to clause (b) of the definition thereof, the amounts by which Broken Interest and, as the case may be, the Current Principal Amount of the Notes are reduced, will be determined by the Issuer with the consent of the Relevant Banking Regulator.
The proceeds of the issue of the Notes will be treated, for regulatory purposes, as fonds propres de base ("Tier 1 Regulatory Capital") within the meaning of Article 2 of the Règlement No. 90-02 dated 23 February 1990, as amended or replaced from time to time, of the Comité de la réglementation bancaire et financière ("CRBF"), or recognised as such by the Relevant Banking Regulator.
Early redemption is subject to the prior approval of the Relevant Banking Regulator except in case of liquidation as more fully described in Condition 6(e) of the Terms and Conditions of the Notes.
On the First Call Date and on any Interest Payment Date falling thereafter, the Issuer may at its sole discretion, subject to (x) the prior written consent of the Relevant Banking Regulator, and (y) having given not more than 45 nor less than 30 days’ prior notice to the Noteholders in accordance with Condition 11 (which notice shall be irrevocable), redeem all, but not some only, of the Notes at their then Original Principal Amount, together with any accrued interest to the date fixed for redemption.
Such early redemption or amendment will be subject to the prior approval of the Relevant Banking Regulator except in case of liquidation as more fully described in the Terms and Conditions of the Notes.
The proceeds of the issue of the Notes will be treated, for regulatory purposes, as fonds propres complémentaires ("Upper Tier 2 Capital") within the meaning of Article 4 (c) of the Règlement No. 90-02 dated 23 February 1990, as amended or replaced from time to time, of the Comité de la réglementation bancaire et financière ("CRBF"), or recognised as such by the Relevant Banking Regulator.