Examples of Swiss Resolution Authority in a sentence
The Company shall notify the Trustee and each Agent, as applicable, in writing if the approval, consent or authorization of the Swiss Resolution Authority is required for the Company’s, the Guarantor’s or the Trustee’s performance under the Securities, the Guarantee or this Indenture and whether or not such has been obtained by the Company or the Guarantor.
By its acquisition of the Securities, each Holder and each beneficial owner of Securities shall be deemed to have consented to the lack of prior notice by the Swiss Resolution Authority of its decision to exercise any Swiss Resolution Power or order any Restructuring Protective Measure.
To the extent that the consent or authorization of any Swiss Resolution Authority is required for the Company’s, the Guarantor’s or the Trustee’s performance under the Securities, the Guarantee or this Indenture, none of the Trustee or any Agent shall have any duty or obligation to determine whether such approval, consent or authorization is required or any duty or obligation to obtain such consent or authorization.
The Trustee will comply with any reasonable requests of the Company or the Guarantor in order to help facilitate the delivery of any required consent, approval or authorization from any Swiss Resolution Authority.
In addition, by its acquisition of the Notes, each Noteholder (including each beneficial owner) is deemed to have acknowledged, agreed to be bound by, and consented to the ordering of any Restructuring Protective Measures (without prior notice being given by the Swiss Resolution Authority of its decision to order such Restructuring Protective Measures) that result in the deferment of payment of principal and/or interest on the Notes.
When a Suspension Period is no longer in effect, the Issuer will so notify the Noteholders in accordance with Condition 17.As used herein, Suspension Period means the period for which the Swiss Resolution Authority orders any Restructuring Protective Measures requiring the deferral, but not cancellation, of the payment of principal and/or interest due, or which would otherwise become due, on the Notes.
If the Swiss Resolution Authority orders any Restructuring Protective Measures requiring the deferral, but not cancellation, of the payment of principal and/or interest due, or which would otherwise become due, on the Notes, such payment of principal and/or interest on the Notes will be deferred, but not cancelled, for the duration of the applicable Suspension Period.
In addition, by its acquisition of the Notes, each Holder acknowledges, agrees to be bound by, and consents to the ordering of any Restructuring Protective Measures (without prior notice being given by the Swiss Resolution Authority of its decision to order such Restructuring Protective Measures) that result in the deferment of payment of principal and/or interest on the Notes.
If the Swiss Resolution Authority orders any Restructuring Protective Measures requiring the deferment, but not cancellation, of the payment of principal and/or interest due, or which would otherwise become due, on the Notes, such payment of principal and/or interest on the Notes will be deferred, but not cancelled, for the duration of the applicable Suspension Period.
If the Swiss Resolution Authority orders any Restructuring Protective Measures requiring the deferral, but not cancellation, of the payment of any principal amount of the Notes due, or that would otherwise become due, and/or any interest due, or which would otherwise become due, on the Notes, such payment will be deferred, but not cancelled, for the duration of the applicable Suspension Period.