UK Bail-in Powers definition
UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.
UK Bail-in Powers means the powers under the UK Bail-in Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person such liability, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of such liability.
UK Bail-in Powers means (i) any powers under the UK Bail-in Legislation to cancel, transfer, or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that UK Bail-In Legislation that are related to or ancillary to any of those powers and (ii) any similar or analogous powers under that UK Bail-In Legislation. If the foregoing is in accordance with your understanding of our agreement, please sign and return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the Underwriters and the Company in accordance with its terms. Very truly yours, THE SOUTHERN COMPANY By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Treasurer CONFIRMED AND ACCEPTED, as of the date first above written BARCLAYS CAPITAL INC. By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Managing Director TRUIST SECURITIES, INC. By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Title: Director CITIGROUP GLOBAL MARKETS INC. By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Title: Managing Director ▇▇▇▇▇ FARGO SECURITIES, LLC By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Managing Director SCOTIA CAPITAL (USA) INC. By: /s/ ▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇ Title: Managing Director As Representatives of the Several Underwriters named in Schedule I hereto Barclays Capital Inc. $66,000,000 Citigroup Global Markets Inc. 66,000,000 Scotia Capital (USA) Inc. 66,000,000 Truist Securities, Inc. 66,000,000 ▇▇▇▇▇ Fargo Securities, LLC 66,000,000 Santander Investment Securities Inc. 27,500,000 Fifth Third Securities, Inc. 25,000,000 TD Securities (USA) LLC 25,000,000 BBVA Securities Inc. 17,500,000 BMO Capital Markets Corp. 17,500,000 Intesa Sanpaolo S.p.A. 17,500,000 Loop Capital Markets LLC 15,000,000 Academy Securities, Inc. 5,000,000 ▇▇▇▇▇▇▇ Capital Markets LLC 5,000,000 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, LLC 5,000,000 ▇▇▇▇▇▇▇▇ Financial Group, Inc. 5,000,000 ▇. ▇▇▇▇▇▇▇ & Co., LLC 5,000,000
Examples of UK Bail-in Powers in a sentence
Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements or understanding between the parties hereto, the Company acknowledges and accepts that (i) a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority and (ii) a UK Bail-in Liability of a UK Bail-in Party arising under this Agreement may be subject to the exercise of UK Bail-in Powers by the relevant UK resolution authority.
B) the variation of the terms of this Agreement or any Relevant Agreement, or deemed necessary by the relevant UK resolution authority, to give effect to the exercise of UK Bail-in Powers by the relevant UK resolution authority.
None of the effects of the exercise of the UK Bail-in Powers or variations of the terms of this Indenture, as described in the previous sentence, shall constitute an Event of Default or a default under the terms of this Indenture.
In the event any UK Bail-in Party has been notified by the relevant UK resolution authority that it has become subject to the exercise of UK Bail-in Powers, such UK Bail-in Party shall promptly notify the Company.
More Definitions of UK Bail-in Powers
UK Bail-in Powers means the powers under the UK Bail-in Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability
UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability. Where a resolution measure is taken in relation to any BRRD undertaking or any member of the same group as that BRRD undertaking and that BRRD undertaking or any member of the same group as that BRRD undertaking is a party to this Agreement or any Pricing Agreement (any such party to this Agreement or any Pricing Agreement being an “Affected Party”), each other party to this Agreement or any Pricing Agreement agrees that it shall only be entitled to exercise any termination right under this Agreement and/or any Pricing Agreement against the Affected Party to the extent that it would be entitled to do so under the Special Resolution Regime if this Agreement and/or the relevant Pricing Agreement were governed by the laws of any part of the United Kingdom.
UK Bail-in Powers means the powers under the UK Bail-in Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability; and “UK Bail-in Liability” means a liability in respect of which the UK Bail-in Powers may be exercised.]
UK Bail-in Powers means the powers under the U.K. Bail-in Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.
UK Bail-in Powers means the powers under the UK Bail-in Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability; “UK Bail-in Liability” means a liability in respect of which the UK Bail-in Powers may be exercised. Please confirm that the foregoing correctly sets forth the agreement among the Company and the several Underwriters. By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Assistant Treasurer Confirmed as of the date first above mentioned on behalf of itself and the other several Underwriters named in Schedule I hereto. CITIGROUP GLOBAL MARKETS INC. as Representative of the several Underwriters By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Director Citigroup Global Markets Inc. 621,250 Scotia Capital (USA) Inc. 30,000 TD Securities (USA) LLC 30,000 Academy Securities, Inc. 7,500 Banco de Sabadell, S.A. 7,500 Bank of China Limited, London Branch 7,500 Barclays Capital Inc. 7,500 ▇▇▇▇▇▇▇▇ Van, LLC 7,500 BMO Capital Markets Corp. 7,500 Capital One Securities, Inc. 7,500 Commerz Markets LLC 7,500 ICBC Standard Bank Plc 7,500 ING Financial Markets LLC 7,500 Intesa Sanpaolo S.p.A. 7,500 Mediobanca – Banca di Credito Finanziario S.p.A. 7,500 Mizuho Securities USA LLC 7,500 Natixis Securities Americas LLC 7,500 NatWest Markets Securities Inc. 7,500 Nordea Bank Abp 7,500 PNC Capital Markets LLC 7,500 Rabo Securities USA, Inc. 7,500 RB International Markets (USA) LLC 7,500 RBC Capital Markets, LLC 7,500 ▇▇▇▇▇▇▇ & ▇▇▇▇ Investments, Inc. 7,500 Santander Investment Securities Inc. 7,500 SG Americas Securities, LLC 7,500 SMBC Nikko Securities America, Inc. 7,500 Standard Chartered Bank 7,500 Swedbank AB (publ) 7,500 UBS Securities LLC 7,500 UniCredit Capital Markets LLC 7,500 ABN AMRO Securities (USA) LLC 3,750 American Veterans Group, PBC 3,750 ▇▇▇▇▇▇▇▇ Capital LLC 3,750 BBVA Securities Inc. 3,750 BofA Securities, Inc. 3,750 ▇▇▇▇▇▇▇ Capital Markets LLC 3,750 CIBC World Markets Corp. 3,750 Commonwealth Bank of Australia 3,750 Credit Agricole Securities (USA) Inc. 3,75...
UK Bail-in Powers means the powers under the UK Bail-in Legislation (as hereinafter defined) to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability; “UK Bail-in Legislation” means Part I of the UK Banking Act 2009 and any other law or regulation applicable in the UK relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings); “UK Bail-in Liability” means a liability in respect of which the UK Bail-in Powers may be exercised; and “Relevant UK Resolution Authority” means the Bank of England or any other authority with the ability to exercise a UK Bail-in Power. Each Underwriter hereby represents and agrees that it has not offered, sold or otherwise made available, and will not offer, sell or otherwise make available, any Notes to any retail investor in the European Economic Area. For the purposes of this provision:
UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability. Where a resolution measure is taken in relation to any BRRD Undertaking, each other party to this Agreement: