TLAC Disqualification Event definition

TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.
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TLAC Disqualification Event means the Office of the Superintendent of Financial Institutions (“OSFI”) has advised the Bank in writing that the Series of Bail-inable Notes will no longer be recognized in full as TLAC under the guideline for TLAC for banks in Canada in effect from time to time, as interpreted by the Superintendent, provided that a TLAC Disqualification Event shall not occur where the exclusion of the Series of Bail-inable Notes from the Bank’s TLAC requirements is due to the remaining term to maturity of such Series of Bail-inable Notes being less than any period prescribed by any relevant TLAC eligibility criteria applicable as of the Issue Date of the first Tranche of such Series of Bail-inable Notes.
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TLAC Disqualification Event means OSFI has advised TD in writing that the bail-inable debt securities issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC disqualification event will not occur where the exclusion of those bail-inable debt securities from TD’s TLAC requirements is due to the remaining maturity of those bail-inable debt securities being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable debt securities.
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Examples of TLAC Disqualification Event in a sentence

  • The non-compliance with the MREL or TLAC Requirements could result in the occurrence of a MREL or TLAC Disqualification Event.

  • The occurrence of such MREL or TLAC Disqualification Event may have a material adverse effect on the value of the Notes and Noteholders may receive less than the full amount due under the Notes.

  • The occurrence of such MREL or TLAC Disqualification Event may have a material adverse effect on the value of the Notes and an investor may not be able to reinvest the redemption proceeds in a comparable security at an effective interest rate as high as that of the relevant Notes and may only be able to do so at a lower rate.

  • Such Buyer acknowledges that it is not and as of the Closing Date it shall not be a resident of Israel.

  • In addition, the Notes may be redeemed prior to their Maturity Date, following the occurrence of a Tax Event, a Capital Event, a MREL or TLAC Disqualification Event, or an Event of Default (as the case may be).

  • The occurrence of such MREL or TLAC Disqualification Event may have a material adverse effect on the value of the Senior Non-Preferred Notes and Noteholders may receive less than the full amount due under such Notes.

  • Early Redemption Amount (i) Early Redemption Amount(s) payable on redemption for taxation reasons[, TLAC Disqualification Event][, Regulatory Event] or on event of default:[[ ] per Calculation Amount] / [As per Condition 6.09 and 6.10](ii) Early Redemption Amount includes amount in respect of accrued interest:[Yes: no additional amount in respect of accrued interest to be paid / No: together with the Early Redemption Amount, accrued interest shall also be paid]22.

  • If the Issuer redeems the Senior Non-Preferred Notes upon or following the occurrence of an MREL or TLAC Disqualification Event, there is a risk that the Senior Non-Preferred Notes may be redeemed at times when the redemption proceeds are less than the current market value of the Senior Non-Preferred Notes or when prevailing interest rates may be relatively low, in which case Noteholders may only be able to reinvest the redemption proceeds in securities with a lower yield.

  • The Issuer’s optional redemption in connection with an MREL or TLAC Disqualification Event may limit the market value of the Senior Non-Preferred Notes.

  • Bail-inable Notes – TLAC Disqualification Event Call[Applicable] [Not Applicable]21.


More Definitions of TLAC Disqualification Event

TLAC Disqualification Event has the meaning set forth in Section 203.
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TLAC Disqualification Event means (i) OSFI has advised the Bank in writing that the Series of Bail-inable Notes will no longer be recognized as TLAC; or (ii) the Series of Bail-inable Notes no longer meets the eligibility criteria to qualify as TLAC as a result of any amendment to, or change in the laws, regulations, requirements, guidelines, rules, standards and policies, relating to minimum requirements for loss absorbing capacity instruments of OSFI or any other applicable governmental authority, then in effect in Canada, or the interpretation thereof, including the TLAC Guideline or any statute hereafter enacted in substitution therefor, as such laws, regulations, requirements, guidelines, rules, standards and policies, or substituted laws, regulations, requirements, guidelines, rules, standards and policies, may be amended from time to time (whether or not such laws, regulations, requirements, guidelines, rules, standards and policies or change in interpretation are applied generally or specifically to the Bank or other members of its group), in any such case becoming effective on or after the Issue Date of the first Tranche of the Bail-inable Notes of the relevant Series, provided that a TLAC Disqualification Event shall not occur where the exclusion of the relevant Series of Bail-inable Notes from the relevant minimum requirement(s) is due to the remaining maturity of such Series of Bail-inable Notes being less than any period prescribed by any relevant eligibility criteria applicable as of the Issue Date of the first Tranche of such Series of Bail-inable Notes.
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TLAC Disqualification Event means OSFI has advised the Bank in writing that the Securities will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event shall not occur where the exclusion of the Securities from the Bank’s TLAC requirements is due to the remaining maturity of the Securities being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of the Securities.]”
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TLAC Disqualification Event means the AMF had advised the Issuer in writing that the Notes will no longer be recognized in full as Total Loss Absorbing Capacity (“TLAC”) under the AMF’s guideline on TLAC in effect from time to time as interpreted by the AMF, provided that a TLAC Disqualification Event will not occur where the exclusion of the Notes from the Issuer’s TLAC requirements is due to the remaining maturity of the Notes being less than any period prescribed by any relevant eligibility criteria applicable as of the Settlement Date.
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TLAC Disqualification Event means OSFI has advised TD in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC disqualification event will not occur where the exclusion of those bail-inable notes from TD’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.
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Related to TLAC Disqualification Event

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.