Write-Down Amount definition

Write-Down Amount means, for any Collection Period for any 180-day Receivable or Repossessed Receivable, the excess of (a) the Principal Balance plus accrued and unpaid interest of such Receivable as of the last day of the Collection Period during which such Receivable became a 180-day Receivable or Repossessed Receivable, as the case may be, over (b) the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures for the related Collection Period, which amount may be adjusted to zero by the Servicer in accordance with its normal servicing procedures if such Receivable has ceased to be a 180-day Receivable as provided in the definition of “180-day Receivable.”

Write-Down Amount means the amount by which the then Prevailing Principal Amount of each outstanding Additional Tier 1 Note is to be Written Down on a pro rata basis pursuant to a Write-Down, being:

Write-Down Amount means the amount by which the Outstanding Principal Amount of each Note is to be written down with effect as from the Write-Down Effective Date, which shall be:

Examples of Write-Down Amount in a sentence

• The Issuer shall further notify the Noteholders in accordance with Condition 14 and deliver to the Fiscal Agent the statement(s) in writing received from (or published by) the BRSA specifying the Write-Down Amount as soon as practicable upon receiving notice thereof from the BRSA.

• The application of the Note Balance Write-Down Amount to the Class B Notes shall not reduce such Class’ entitlement to unpaid Principal Distribution Amounts.

• The Issuer's determination of the relevant Write-Down Amount shall be irrevocable and binding on the Holders.

• The Note Balance Write-Down Amount, if any, on each Payment Date shall only be applied to the Adjusted Note Balance of the Class B Notes immediately following the distribution of Available Funds until the Adjusted Note Balance of the Class B Notes is reduced to zero.

• Any Loss Absorbing Instrument that may be written down or converted to shares and other instruments of ownership in full but not in part (save for any one cent floor) shall be treated as if its terms permitted partial write-down or conversion into shares and other instruments of ownership, only for the purposes of determining the relevant pro rata amounts in the operation of Write-Down and calculation of the Write-Down Amount.

More Definitions of Write-Down Amount

Write-Down Amount means, in relation to any Non-Viability Event Write-Down Date, the amount as determined by the Regulator by which the aggregate Prevailing Principal Amount of the Capital Securities then outstanding is to be Written-down on a pro rata basis and shall be calculated per Capital Security by reference to the Prevailing Principal Amount of each Capital Security then outstanding which is to be Written-down. All references in these Conditions to "U.S. dollars", "U.S.$" and "$" are to the lawful currency of the United States of America.

Write-Down Amount means all or such part of Outstanding Principal Amount of the Loan determined by the Borrower as necessary to be written down (in conjunction with any Interest Cancellation Amount, Monetary Damages Cancellation Amount and any other write down or conversion of, or other write down measures taken in respect of, Write Down Instruments which qualify as Additional Tier 1 Capital) in order to immediately remedy a Write Down Event.

Write-Down Amount means the amount required to be deducted from the Original Notional Amount or the Prevailing Notional Amount, as the case may be, as determined by the Issuer in consultation with the Regulator after a Write-down Trigger Event has occurred and is continuing on the relevant Subsequent Trigger Test Date, as will (together with any substantially concurrent conversion, write-off or write-down of holders' claims in respect of any other capital instruments of the Issuer that, pursuant to their terms or by operation of law, are capable of being converted into equity, written off or written down at that time (including capital instruments with a write-down, write-off or conversion threshold equal to or higher than the Write-down Threshold Ratio)) restore the CET1 Ratio back to a level equal to or, if required in writing by the Regulator, higher than the Write-down Threshold Ratio, provided that, for the avoidance of doubt, the maximum Write-down Amount shall be equal to the Original Notional Amount or the Prevailing Notional Amount, as the case may be.

Write-Down Amount per Note means the amount by which the Current Principal Amount per Note is to be written-down on an Effective Date, being the higher of: (i) the pro rata share of the Note in the Required Loss Absorption Amount; and (ii) if the amount in (i) is insufficient to fully restore or maintain the Issuer CET 1 Capital Ratio; and/or the Group CET 1 Capital Ratio to the Minimum Trigger Level, the amount necessary to reduce the Current Principal Amount to EUR 0.01 or lower amount.

Write-Down Amount means the higher of the amount required to either (i) recapitalize the Issuer to a level of 50% of the Issuer’s capital (including statutory reserves under article 309 PGR), or (ii) avoid any qualification of the Issuer’s auditor which would trigger a valuation of the Issuers assets on a gone-concern basis.

Write-Down Amount means, for any 180-Day Receivable, the excess of (i) the Contract Balance of such 180-Day Receivable as of the last day of the Collection Period during which a Scheduled Payment on such Receivable became more than 180 days past its due date, as specified in the related Contract, over (ii) the estimated value of the Receivable, as determined by the Servicer in accordance with its servicing standards, to the extent allocable to principal in the same manner as a payment in such amount would be.

Write-Down Amount means, on any Trigger Event Write-down Date, the amount by which the then Prevailing Principal Amount of each outstanding Capital Security is to be Written Down and which is calculated per Calculation Amount of such Capital Security, being the minimum of: