Solvency Condition definition
Solvency Condition has the meaning set forth in Section 5.01(c) 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
Solvency Condition means the conditions set out in Condition 4.3;
Examples of Solvency Condition in a sentence
Any payment of interest that would have been due and payable but for the Solvency Condition not being satisfied shall be cancelled.
For the avoidance of doubt, unless a Guarantor Winding-Up has occurred, no amount shall be due from the Guarantor in those circumstances where payment of such amount could not be made in compliance with the Solvency Condition or is deferred in accordance with Conditions 9(b) and 9(d).
More Definitions of Solvency Condition
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 has the meaning specified in Section 12.01(b).
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 means 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 they fall due and (b) its total Assets exceeding its total Liabilities other that Liabilities to persons that are not Senior Creditors by at least 4% or such other percentage specified by the Financial Services Authority from time to time as the Regulatory Capital Requirement. "Regulatory Capital Requirement" means any minimum or notional margin of solvency or minimum regulatory capital or capital ratios required for insurance companies or insurance holding companies or financial groups by the Financial Services Authority or any successor regulatory body.
Solvency Condition. ’ means that the Bank is solvent by virtue of (i) its assets exceeding its liabilities (other than its liabilities to persons who are not Senior Creditors) and (ii) its being able to pay its debts as they fall due.
Solvency Condition has the meaning given in Condition 3(d);
Solvency Condition means the Issuer Solvency Condition and/or the Guarantor Solvency Condition, as applicable.