Examples of Resolution Authority in a sentence

Upon the exercise of the Bail-in Power by the Resolution Authority with respect to the Perpetual Capital Securities, the Society shall notify the Principal Paying Agent in writing of such exercise and give notice of the same to Securityholders in accordance with Condition 17.
No repayment or payment of Amounts Due on the Perpetual Capital Securities will become due and payable or be paid after the exercise of any Bail-in Power by the Resolution Authority, if and to the extent such amounts have been reduced, converted, cancelled, suspended (for so long as such suspension or moratorium is outstanding), amended or altered as a result of such exercise.
Neither a reduction or cancellation, in part or in full, of the Amounts Due, the conversion thereof into another security or obligation of the Society or another person, as a result of the exercise of the Bail-in Power by the Resolution Authority with respect to the Society, nor the exercise of the Bail-in Power by the Resolution Authority with respect to the Perpetual Capital Securities will be an event of default under these Conditions or otherwise or constitute a default for any purpose.

More Definitions of Resolution Authority

Resolution Authority means an authority designated by a Member State in accordance with Article 3;

Resolution Authority means any body which has authority to exercise any Write-down and Conversion Powers;

Resolution Authority means a resolution authority as defined in point (18) of Article 2(1) of Directive 2014/59/EU;

Resolution Authority means the resolution authority pursuant to Article 4(1)(130) CRR which is responsible for recovery or resolution of the Issuer on an individual and/or consolidated basis.

Resolution Authority means any public administrative authority or any person entrusted with public administrative authority to exercise any Write-down and Conversion Powers.