Solvency Condition definition

Solvency Condition has the meaning set forth in Section 5.01(c) hereof.

Solvency Condition has the meaning set forth in ‎Section 5.01 hereof.

Solvency Condition means the condition that, other than in the event of our winding-up or administration, as described in “Description of the Securities—Subordination,” or with respect to the payment of the cash proceeds from any Conversion Shares Offer Consideration, as described under “Description of the Securities— Automatic Conversion Upon Capital Adequacy Trigger Event— Conversion Shares Offer,” payments in respect of, or arising from, the Securities will be conditional (x) upon our being solvent at the time of payment by us, and (y) in that no sum in respect of or arising from the Securities may fall due and be paid except to the extent that we could make such payment and still be solvent immediately thereafter. For purposes of determining whether the Solvency Condition is met, we will be considered to be solvent at a particular point in time if (x) we are able to pay our debts owed to Senior Creditors as they fall due and

Examples of Solvency Condition in a sentence

• For purposes of determining whether the Solvency Condition is met, the Company shall be considered to be solvent at a particular point in time if (i) it is able to pay its debts owed to Senior Creditors as they fall due and (ii) the Balance Sheet Condition has been met.

• Subject to Conditions 6(a) and 6(b) and the Solvency Condition, upon the expiry of such notice the Issuer shall redeem the Notes.

• If the Company fails to make a payment because the Solvency Condition is not satisfied, such payment shall not be or become due and payable and shall be deemed cancelled.

• For purposes of determining whether the Solvency Condition is met, the Company shall be considered to be solvent at a particular point in time if (i) it is able to pay its debts owed to Senior Creditors as they fall due and (ii) its Assets are at least equal to its Liabilities.

• Mandatory cancellation of interest – Solvency Condition The Issuer will cancel any Interest Amount (or part thereof) otherwise scheduled to be paid on an Interest Payment Date to the extent that the Solvency Condition is not satisfied in respect of such Interest Amount (or part thereof).

More Definitions of Solvency Condition

Solvency Condition means the conditions set out in Condition 4.3;

Solvency Condition means the condition that, other than in the event of our winding-up or administration, as described in “Description of the Securities—Subordination,” or with respect to the payment of the cash proceeds from any Conversion Shares Offer Consideration, as described under “Description of the Securities— Automatic Conversion Upon Capital Adequacy Trigger Event— Conversion Shares Offer,” payments in respect of, or arising from, the Securities will be conditional (x) upon our being solvent at the time of payment by us, and

Solvency Condition means that the Company is solvent by virtue of (i) its assets exceeding its liabilities (other than its liabilities to Persons who are not holders of Senior Indebtedness) and (ii) its being able to pay its debts as they fall due.

Solvency Condition has the meaning specified in Section 12.01(c)(i).

Solvency Condition has the meaning specified in Section 12.01(b).

Solvency Condition means, when used with respect to any series of Securities, that, at and immediately after the relevant time, the Issuer is solvent by virtue of, (a) it being able to pay its debts to its Senior Creditors (as such term is defined for such series of Securities) as they fall due and (b) its total Assets exceeding its total Liabilities other than Liabilities to persons that are not Senior Creditors (as such term is defined for such series of Securities) by at least 4% or such other percentage specified by the Financial Services Authority from time to time as the Regulatory Capital Requirement (or such other percentage as may be specified by the Issuer in the Board Resolution and Officers’ Certificate or supplemental indenture establishing such series of Securities). The determination of whether the Solvency Condition has been satisfied shall be made in accordance with Section 13.01(b) or as otherwise provided in the Board Resolution or supplemental indenture establishing the terms of such series of Securities.

Solvency Condition. All payments shall be subject to the Issuer meeting the Solvency Condition both at the time of, and immediately after, the relevant payment. The Issuer shall satisfy the Solvency Condition if it is able to pay its debts to Senior Creditors as they fall due and its total Assets (non-consolidated gross assets) exceed its total Liabilities (non-consolidated gross liabilities) (excluding subordinated Liabilities) by at least 4% or such other percentage as specified by the Financial Services Authority (“FSA”).