Write Down Event definition

Write Down Event means any of the following events:

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of Gazprombank is less than 2 per cent. as of a CBR Reporting Date or (b) the Agency on Deposit Insurance implements bankruptcy prevention measures in relation to Gazprombank in accordance with Federal Law No. 175-FZ “On the additional measures on strengthening the stability of the banking system in the period until 31 December 2014” dated 27 October 2008 (as amended or supplemented).

Write Down Event means either a Contingency Event or a Viability Event.

Examples of Write Down Event in a sentence

• The Borrower shall immediately notify the Lender and the Trustee in writing on the cessation of any Write Down Event.

• If a Write Down Event has occurred any Write Down Measures that are being applied shall apply until the Common Equity Tier 1 Capital Ratio of the Borrower is not less than 5.125 per cent.

• From the Write Down Event Date and until the Write Down Event ceases to continue, the Borrower shall not make any payments of interest or Outstanding Principal Amount of the Loan, and no interest shall accrue on such unpaid amounts.

• The Borrower shall provide (i) to the Lender and the Trustee no later than two Business Days after the Write Down Event Date, a Write Down Event Notice; (ii) to the Lender and the Trustee no later than two Business Days prior to the relevant Write Down Measure Effective Date, the Write Down Measure Notice; and (iii) to the Lender and the Trustee immediately after the cessation of any Write Down Event, a written notice of such cessation.

• A Write Down Event may occur on more than one occasion (and Monetary Damages and accrued interest may be Cancelled and the Loan may be Written Down in accordance with this Clause 9 (Write Down) on more than one occasion).The principal amount of the Loan may only be used to remedy the Write Down Event pro rata with any principal amounts under each Write Down Instrument.

More Definitions of Write Down Event

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Borrower receives notice from the Agency for Deposit Insurance that the Agency for Deposit Insurance has taken a decision to implement in relation to the Borrower a bankruptcy prevention plan approved by the CBR which includes the implementation of any of the bankruptcy prevention measures set out in sub-paragraphs 3) and 4) of paragraph 1 of Article 2 of the Banking System Stability Law (each such measure being a “Bankruptcy Prevention Measure”, and the receipt by the Borrower of such notice being the “Agency Trigger”);

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. (the "Capital Trigger"), or (b) the Agency for Deposit Insurance of the Russian Federation implements bankruptcy prevention measures in relation to the Borrower in accordance with Federal Law No. 175-FZ "On the additional measures on strengthening the stability of the banking system in the period until 31 December 2014" dated 27 October 2008 (as amended or supplemented) (the "Agency Trigger").

Write Down Event means either of the following:

Write Down Event means either of the following: (a) the Base Capital Adequacy Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Agency on Deposit Insurance implements bankruptcy prevention measures in relation to the Borrower in accordance with Federal Law No. 175-FZ "On the additionalmeasures on strengthening the stability of the banking system in the period until 31 December 2014" dated 27 October 2008 (as amended or supplemented).

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of Sberbank is less than 2 per cent. as of a CBR Reporting Date or (b) Sberbank receives notice from the Agency on Deposit Insurance that the Agency on Deposit Insurance has taken a decision to implement in relation to Sberbank a bankruptcy prevention plan approved by the CBR which includes the implementation of any of the bankruptcy prevention measures set out in sub-paragraphs 3) and 4) of paragraph 1 of Article 2 of the Banking System Stability Law (each such measure being a "Bankruptcy Prevention Measure", and the receipt by Sberbank of such notice being the "Agency Trigger").

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Agency for Deposit Insurance implements bankruptcy prevention measures in relation to the Borrower in accordance with the Banking System Stability Law.

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Borrower receives a notification from the Agency on Deposit Insurance of its decision to implement in relation to the Borrower a bankruptcy prevention plan approved by the CBR which entails the implementation of the Bankruptcy Prevention Measures (the “Agency Trigger”).