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, 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 (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/ Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: Treasurer CONFIRMED AND ACCEPTED, as of the date first above written BARCLAYS CAPITAL INC. By: /s/ Xxxxxxx XxxXxxxxx Name: Xxxxxxx XxxXxxxxx Title: Managing Director TRUIST SECURITIES, INC. By: /s/ Xxxxxx Xxxxxxxxxx Name: Xxxxxx Xxxxxxxxxx Title: Director CITIGROUP GLOBAL MARKETS INC. By: /s/ Xxxxx X. Xxxxxxxxx Name: Xxxxx X. Xxxxxxxxx Title: Managing Director XXXXX FARGO SECURITIES, LLC By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Managing Director SCOTIA CAPITAL (USA) INC. By: /s/ Xxxx Xxxx Name: Xxxx Xxxx 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 Xxxxx 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 Xxxxxxx Capital Markets LLC 5,000,000 Xxxxxx Xxxxxxxx, LLC 5,000,000 Xxxxxxxx Financial Group, Inc. 5,000,000 X. Xxxxxxx & 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.
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 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; “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/ Xxxxxxx Xxxxxxxx Name: Xxxxxxx Xxxxxxxx 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/ Xxxx X. Xxxxxxx Name: Xxxx X. Xxxxxxx Title: Managing Director Underwriter Number of Depositary Shares Citigroup Global Markets Inc. 1,147,500 ANZ Securities, Inc. 9,750 Barclays Capital Inc. 9,750 BMO Capital Markets Corp. 9,750 CaixaBank, S.A. 9,750 Capital One Securities, Inc. 9,750 Deutsche Bank Securities Inc. 9,750 Intesa Sanpaolo IMI Securities Corp. 9,750 MUFG Securities Americas Inc. 9,750 Natixis Securities Americas LLC 9,750 Nomura Securities International, Inc. 9,750 PNC Capital Markets LLC 9,750 RBC Capital Markets, LLC 9,750 Santander US Capital Markets LLC 9,750 Scotia Capital (USA) Inc. 9,750 SG Americas Securities, LLC 9,750 SMBC Nikko Securities America, Inc. 9,750 Standard Chartered Bank 9,750 TD Securities (USA) LLC 9,750 U.S. Bancorp Investments, Inc. 9,750 UBS Securities LLC 9,750 ABN AMRO Capital Markets (USA) LLC 4,500 Xxxxxxxx Capital, LLC 4,500 Xxxxxxxx Van, LLC 4,500 BNY Mellon Capital Markets, LLC 4,500 CastleOak Securities, L.P. 4,500 CAVU Securities LLC 4,500 CIBC World Markets Corp. 4,500 Citizens JMP Securities, LLC 4,500 Commerz Markets LLC 4,500 Commonwealth Bank of Australia 4,500 Xxxxxxxxxx Securities Inc. 4,500 DZ Financial Markets LLC 4,500 Emirates NBD Bank PJSC 4,500 Falcon Square Capital LLC 4,500 Fifth Third Securities Inc. 4,500 Huntington Securities, Inc. 4,500 Independence Point Securities LLC 4,500 ING Financial Marke...
UK Bail-in Powers means any write-down, conversion, transfer, modification or suspension power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in the United Kingdom in effect and applicable in the United Kingdom to Lloyds Banking Group plc or its affiliates, including but not limited to any such laws, regulations, rules or requirements which are implemented, adopted or enacted in the United Kingdom within the context of the U.K. resolution regime under the U.K. Banking Act 2009 as the same has been or may be amended from time to time (whether pursuant to the U.K. Financial Services (Banking Rxxxxx) Xxx 0000 (the “Banking Reform Act 2013”), secondary legislation or otherwise), pursuant to which any obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled, modified, transferred and/or converted into shares or other securities or obligations of the obligor or any other person (or suspended for a temporary period) or pursuant to which any right in a contract governing such obligations may be deemed to have been exercised. A reference to the “relevant U.K. resolution authority” is to any authority with the ability to exercise a U.K. bail-in power.
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:
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 an 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 (iv) the term “UK Bail-in Party” means any Underwriter that is actually or potentially subject to UK Bail-in Powers. The Company and the Guarantor acknowledge and accept that this provision is exhaustive on the matters described herein to the exclusion of any other term of this Agreement or any other agreements, arrangements or understanding between the Underwriters, the Company and the Guarantor relating to the subject matter of this Agreement.
UK Bail-in Powers means any write-down, conversion, transfer, modification or suspension power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in the United Kingdom in effect and applicable in the United Kingdom to the Company and the Group, including but not limited to any such laws, regulations, rules or requirements which are implemented, adopted or enacted in the United Kingdom within the context of the U.K. resolution regime under the U.K. Banking Act 2009 as the same has been or may be amended from time to time (whether pursuant to the U.K. Financial Services (Banking Reform) Act 2013,secondary legislation or otherwise), pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled, modified, transferred and/or converted into shares or other securities or obligations of the obligor or any other person (or suspended for a temporary period) or pursuant to which any right in a contract governing such obligations may be deemed to have been exercised.
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,