Trigger CET1 Ratio definition

Trigger CET1 Ratio means, as of any Publication Date, (i) the sum of (x) the CET1 Capital as of the relevant Balance Sheet Date and (y) the Higher-Trigger Amount as of such Publication Date, divided by (ii) the BIS Risk Weighted Assets as of the relevant Balance Sheet Date, expressed as a percentage.
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Trigger CET1 Ratio means, as of any Publication Date, (i) the sum of (x) the CET1 Capital as of the relevant Balance Sheet Date and (y) the High-Trigger Amount as of such Publication Date, divided by (ii) the BIS Risk Weighted Assets as of the relevant Balance Sheet Date, expressed as a percentage.
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Examples of Trigger CET1 Ratio in a sentence

  • Subject to applicable conditions With respect to any Publication Date, Trigger CET1 Ratio is less than 7%; or FINMA determines a write-down necessary to ensure UBS Group AG’s viability; or UBS Group AG receives a commitment of governmental support that FINMA determines necessary to ensure UBS Group AG’s viability (see definition of Viability Event).

  • It is calculated as 4.5% + Pillar 2 (P2R) + Deficit (AT1) + Deficit (T2) The second is the MDA Trigger (CET1 Ratio Requirement), which represents the CET1 ratio threshold that, if breached, would lead to automatic restrictions on capital distributions and certain discretionary incentive compensation payments.

  • In contrast, the western part of the site is likely to have been largely unaffected by previous ground disturbance and on-site surveys revealed the northern and western parts of the playing fields contain a number of archaeological features including Romano-British and Bronze Age remains.

  • Subject to applicable conditionsWith respect to any Publication Date, Trigger CET1 Ratio is less than 7%; or FINMA determines a write-down necessary to ensure UBS Group AG’s viability; or UBS Group AG receives a commitment of governmental support that FINMA determines necessary to ensure UBS Group AG’s viability (see definition of Viability Event).

  • It is calculated as: 4.5% + Pillar 2 (P2R) + Deficit (AT1) + Deficit (T2).(2) MDA Trigger (CET1 Ratio Requirement): represents the CET1 ratio threshold which, if breached, would lead to automatic restrictions on capital distributions and certain discretionary incentive compensation payments.

  • If write-down, write-down trigger(s) With respect to any Publication Date, Trigger CET1 Ratio is less than 7%; or FINMA determines a write-down necessary to ensure UBS Group AG’s viability; or UBS Group AG receives a commitment of governmental support that FINMA determines necessary to ensure UBS Group AG’s viability (see definition of Viability Event).

  • It is calculated as 4.5% + Pillar 2 (P2R) + Deficit (AT1) + Deficit (T2).(4) MDA Trigger (CET1 Ratio Requirement): represents the CET1 ratio threshold which, if breached, would lead to automatic restrictions on capital distributions and certain discretionary incentive compensation payments.

  • Subject to applicable conditions With respect to any Publication Date, Trigger CET1 Ratio is less than 7%; or FINMA determines a write-down necessary to ensure UBS AG’s viability; or UBS AG receives a commitment of governmental support that FINMA determines necessary to ensure UBS AG’s viability (see definition of Viability Event).

  • If write-down, write-down trigger(s) With respect to any Publication Date, Trigger CET1 Ratio is less than 5.125%; or FINMA determines a write-down necessary to ensure UBS Group AG's viability; or UBS Group AG receives a commitment of governmental support that FINMA determines necessary to ensure UBS Group AG's viability (see definition of Viability Event).

  • If write-down, write-down trigger(s) With respect to any Publication Date, Trigger CET1 Ratio is less than 7%; or FINMA determines a write-down necessary to ensure UBS AG’s viability; With respect to any Publication Date, Trigger CET1 Ratio is less than 7%; or FINMA determines a write-down necessary to ensure UBS AG’s viability; or UBS AG receives a commitment of governmental support that FINMA determines necessary to ensure UBS AG’s viability (see definition of Viability Event).

Related to Trigger CET1 Ratio

  • CET1 Ratio means, as of any Balance Sheet Date, the CET1 Capital as of such Balance Sheet Date, divided by the BIS Risk Weighted Assets as of such Balance Sheet Date, expressed as a percentage, such ratio (or the components thereof) as determined by the Group Holding Company, and (i) as disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) constituting (or as disclosed in) the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • First Lien Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate amount of Receivables originated by the Originators during the four Calculation Periods ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-off Date.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period.

  • Senior Leverage Ratio means, on any date, the ratio of (a) Senior Indebtedness as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended on or prior to such date.

  • Consolidated First Lien Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Debt (other than any portion of Consolidated Net Debt that is unsecured or is secured solely by a Lien that is expressly subordinated to the Liens securing the Obligations) as of such date to (b) Consolidated EBITDA for the most recent Test Period.

  • Liquidity Ratio means the ratio of Liquidity to all Indebtedness to Bank.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.