Solvency Shortfall definition
Solvency Shortfall means the portion of interest that would cause a Solvency Event to occur or be continuing.
Solvency Shortfall means the portion of the Interest Amount that, if paid, would cause a Solvency Event to occur or be continuing.
Solvency Shortfall means, in relation to a member, the amount by which the value of own funds attributable to the member falls below the reporting point for the member as determined under the Minimum Capital Requirement Part of the PRA Rulebook;
Examples of Solvency Shortfall in a sentence
In addition, on any Interest Payment Date in relation to which a Solvency Event has occurred and is continuing at the relevant Reference Date (such date a "Solvency Interest Deferral Date"), the Issuer will be required to defer payment of interest, or as the case may be, the relevant Solvency Shortfall, as more fully described in Condition III 3.
More Definitions of Solvency Shortfall
Solvency Shortfall means the portion of the Interest Amount that would cause a Solvency Event to occur or to be continu- ing.
Solvency Shortfall means, in relation to a member, the value of admissible assets held in respect of the member (after deduction of the amount by which those assets exceed the limits set out in INSPRU 2.1 and disregarding any central assets) falls short of the aggregate value of the member's relevant liabilities and MCR;
Solvency Shortfall means the portion of the interest amount (including, for the avoidance of doubt, Deferred Interest), which would be due under these Conditions but for the occurrence and the continuance of a Solvency Event that would cause a Solvency Event to occur or be continuing.
Solvency Shortfall means that portion of a scheduled interest payment that would cause a Solvency Event to occur or be continuing.
Solvency Shortfall means the portion of the Interest Amount that,