Examples of Relevant Resolution Authority in a sentence
The "Relevant Resolution Authority" is an authority entitled to exercise the Bail-in Power.
No repayment or payment of the Amounts Due will become due and payable or be paid after the exercise of the Bail-in Power by the Relevant Resolution Authority with respect to the Issuer unless, at the time such repayment or payment, respectively, is scheduled to become due, such repayment or payment would be permitted to be made by the Issuer under the laws and regulations in effect in France and the European Union applicable to the Issuer or other members of its group.
In the event that the Bail-in Power is exercised by the Relevant Resolution Authority, the Issuer may elect to treat this event as both an Adjustment Event and an Early Maturity Event, which may result in either an adjustment of the Terms of the Units, or a partial or full Early Maturity of all or some only of the outstanding Units, or both, as required by reference to the exercise of the Bail-in Power.
Upon the Issuer becoming aware of any exercise of the Bail-in Power by the Relevant Resolution Authority with respect to the Units, the Issuer shall notify the Investor in accordance with these Terms.
No payment or repayment of the Total Investment Amount and/or Adviser Fee (to the extent of the portion thereof affected by the exercise of the Bail-in Power) shall be paid by the Issuer to the Investor after the exercise of the Bail-in Power by the Relevant Resolution Authority, unless such payment or repayment would be required to be made by the Issuer under the laws and regulations then applicable to the Issuer.