Stay Powers definition

Stay Powers means any suspension of any payment or delivery obligation, the restriction of enforcement of any security interest, the suspension of any termination right or similar or related power existing from time to time under, and exercised in compliance with, any laws, regulations, rules or requirements in effect in the Kingdom of Norway, relating to the Stay Legislation as amended or replaced from time to time and the instruments, rules and standards created thereunder, pursuant to which certain contracts of a regulated entity can be subject to the suspension of any payment or delivery obligation, the restriction of enforcement of any security interest or the suspension of any termination right.
Stay Powers means any suspension of any payment or delivery obligation, the restriction of enforcement of any security interest, the suspension of any termination right or similar or related power existing from time to time under, and exercised in compliance with the Stay Legislation;
Stay Powers means the powers under Articles 33a, 69, 70 and 71 of BRRD and the conditions under Article 68 of BRRD.

Examples of Stay Powers in a sentence

  • References to the Stay Powers as transposed under each Relevant National Law are contained in the EU Stay Law Annex.


More Definitions of Stay Powers

Stay Powers means the powers of the Relevant Resolution Authority, which include the suspension of payment or delivery obligations and/or the suspension of termination rights, as set out in Article 33(a), Article 69, Article 70 and Article 71 of the BRRD and any provision of Danish law transposing or implementing such Articles, including, without limitation, Sections 4(a) and 32-34 of the Danish Act on Recovery and Resolution of certain Financial Businesses and any Executive Orders issued pursuant thereto and any regulatory standards adopted by the European Commission pursuant to Article 71(a) of the BRRD.
Stay Powers means the powers of a relevant resolution authority to suspend or restrict rights and obligations under:
Stay Powers means any suspension of any payment or delivery obligation, the restriction of enforcement of any security interest, the suspension of any termination right or similar or related power existing from time to time under, and exercised in compliance with, any laws, regulations, rules or requirements in effect in the Kingdom of Norway, relating to the Stay Legislation as amended or replaced from time to time and the instruments, rules and standards created thereunder, pursuant to which certain contracts of a regulated entity can be subject to the suspension of any payment or delivery obligation, the restriction of enforcement of any security interest or the suspension of any termination right. SCHEDULE 3 FORM OF DEED OF COVENANT Xxxxx & Xxxxx LLP AMENDED AND RESTATED DEED OF COVENANT SPAREBANK 1 SMN SPAREBANK 1 NORD-NORGE SPAREBANK 1 ØSTLANDET as Issuers Euro Medium Term Note Programme €10,000,000,000 22 June 2022 THIS AMENDED AND RESTATED DEED OF COVENANT is made on 22 June 2022 by SPAREBANK 1 SMN, SPAREBANK 1 NORD-NORGE and SPAREBANK 1 ØSTLANDET (each an Issuer and together the Issuers) in favour of the account holders or participants specified below of Clearstream Banking, S.A. (Clearstream, Luxembourg), Euroclear Bank SA/NV (Euroclear) and/or any other additional clearing system or systems as is specified in the Final Terms, or in the case of Exempt Notes (as defined in the Agency Agreement), the Pricing Supplement relating to any Note (as defined below) (each a Clearing System).
Stay Powers means any suspension of any payment or delivery obligation, the restriction of enforcement of any security interest, the suspension of any termination right or similar or related power existing from time to time under, and exercised in compliance with, any laws, regulations, rules or requirements in effect in the Kingdom of Norway, relating to the Stay Legislation as amended or replaced from time to time and the instruments, rules and standards created thereunder, pursuant to which certain contracts of a regulated entity can be subject to the suspension of any payment or delivery obligation, the restriction of enforcement of any security interest or the suspension of any termination right. SCHEDULE 3 FORM OF DEED OF COVENANT Xxxxx & Xxxxx LLP AMENDED AND RESTATED DEED OF COVENANT SPAREBANK 1 SMN SPAREBANK 1 NORD-NORGE SPAREBANK 1 ØSTLANDET SPAREBANK 1 SØRØST-NORGE as Issuers Euro Medium Term Note Programme €10,000,000,000 22 June 2023 THIS AMENDED AND RESTATED DEED OF COVENANT is made on 22 June 2023 by SPAREBANK 1 SMN, SPAREBANK 1 NORD-NORGE, SPAREBANK 1 ØSTLANDET and SPAREBANK 1 SØRØST-NORGE (each an Issuer and together the Issuers) in favour of the account holders or participants specified below of Clearstream Banking, S.A. (Clearstream, Luxembourg), Euroclear Bank SA/NV (Euroclear) and/or any other additional clearing system or systems as is specified in the Final Terms, or in the case of Exempt Notes (as defined in the Agency Agreement), the Pricing Supplement relating to any Note (as defined below) (each a Clearing System).
Stay Powers means the powers under Articles 33a, 69, 70 and 71 of BRRD and the conditions under Article 68 of BRRD as transposed into Irish law by the Bail-in Legislation.
Stay Powers means the powers of the Relevant Resolution Authority, which include the suspension of payment or delivery obligations and/or the suspension of termination rights, as set out in Article 33(a), Article 69, Article 70 and Article 71 of the BRRD and any provision of Swedish law transposing or implementing such Articles, including but not limited to the Swedish Banking and Financing Business Act (Sw: Lagen (2004:297) om bank- och finansieringsrörelse) and the Swedish Law on Resolution (Sw: Lagen (2015:1016) om resolution), as amended from time to time, and the instruments, rules and standards created thereunder and any Executive Orders issued pursuant thereto and any regulatory standards adopted by the European Commission pursuant to Article 71(a) of the BRRD.
Stay Powers means the powers under Articles 33a, 69, 70 and 71 of BRRD and the conditions under Article 68 of BRRD, as implemented by Articles 34-1, 67, 68 and 69 of the BRR Law 2015;