Write Down Event Notice definition

Write Down Event Notice means a notice which shall be given by the Borrower to the Lender and the Trustee pursuant to Clause 9.2 (The Borrower's Obligation to Provide Notices) and which shall (i) state that the Write Down Event has occurred and (ii) specify the event(s) constituting the Write Down Event including the relevant Common Equity Tier 1 Capital Ratio of the Borrower as of the relevant Write Down Event Date and/or the nature of the bankruptcy prevention measures the CBR or the Deposit Insurance Agency has taken a decision to implement as applicable and the grounds for application of such bankruptcy prevention measures in relation to the Borrower, being substantially in the form set out in Schedule 1 hereto.

Write Down Event Notice means a notice in writing which shall be given by Gazprombank to the Lender and the Trustee not later than on the second Business Day after the Write Down Event Effective Date and which shall (i) state that the Write Down Event has occurred and (ii) specify the event(s) constituting the Write Down Event including the relevant Common Equity Tier 1 Capital Ratio as of the relevant CBR Reporting Date and/or the nature of the bankruptcy prevention measures the Agency for Deposit Insurance has committed to as applicable and the grounds for application of such bankruptcy prevention measures in relation to Gazprombank.

Write Down Event Notice means a notice in writing which shall be given by the Borrower as provided under this Agreement, to its shareholder(s), the Lender and the Trustee and which shall state with reasonable detail the nature of the Write Down Event (including the relevant Common Equity Tier 1 Capital Ratio as of the relevant CBR Reporting Date and/or the nature of the Bankruptcy Prevention Measure(s) the Agency for Deposit Insurance has committed to as applicable and the grounds for application of such Bankruptcy Prevention Measure(s) in relation to the Borrower), the Write Down Measure Effective Date, the Write Down Measures being implemented, any Interest Cancellation Amount and any Write Down Amount and the basis of calculation being substantially in the form set out in Schedule 1 hereto.

Examples of Write Down Event Notice in a sentence

• 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.

• 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; and (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.

• Following receipt by the Issuer and the Trustee of a Write Down Event Notice under the Loan Agreement (as defined therein), the Issuer shall promptly and no later than one Business Day after the receipt of such Write Down Event Notice give notice to the Agents and Noteholders, in accordance with Condition 14, of the details contained in such Write Down Event Notice.

• The Borrower shall provide (i) to the Lender, the Trustee and the shareholders of the Borrower no later than two Business Days after the Write Down Event Date, a Write Down Event Notice; and (ii) to theLender, the Trustee and the shareholders of the Borrower no later than two Business Days prior to the relevant Write Down Measure Effective Date, the Write Down Measure Notice.

• The Issuer shall immediately upon receipt of a Write Down Event Notice (as defined in the Loan Agreement), give notice to the Trustee, the Agents and the Noteholders in accordance with Condition 14 giving the details contained in such Write Down Event Notice.

• Following receipt by the Issuer and the Trustee of a Write Down Event Notice under the Loan Agreement (as defined therein), the Issuer shall promptly and no later than one Business Day after the date of receipt of such Write Down Event Notice give notice to the Agents and the Noteholders, in accordance with Condition 14, of the details contained in such Write Down Event Notice.

More Definitions of Write Down Event Notice

Write Down Event Notice means a notice in writing which shall be given by Sberbank no later than 2 Business Days after the CBR Reporting Date as of which the Write Down Event has occurred, to the Lender and the Trustee and which shall state with reasonable detail the nature of the Write Down Event,the Write Down Measure Effective Date, the Write Down Measures being implemented, any amount of interest to be cancelled and/or any amount of the Loan to be written down under Clause 8 and the basis of calculation.

Write Down Event Notice means a notice which shall be given by the Borrower to the Lender and the Trustee pursuant to Clause 10.2 (The Borrower’s Obligation to Provide Notices) and which shall (i) state that the Write Down Event has occurred and (ii) specify the event(s) constituting the Write Down Event

Write Down Event Notice means a notice in writing which shall be given by Sberbank no later than 2 Business Days after the CBR Reporting Date as of which the Write Down Event has occurred, to the Lender and the Trustee and which shall state with reasonable detail the nature of the Write Down Event,

Write Down Event Notice means a notice in writing substantially in the form set out in Schedule B to this Agreement, which shall be given by Sberbank to the Shareholders, the Lender and the Trustee and which shall state with reasonable detail that the Write Down Event has occurred and the nature of the Write Down Event.

Write Down Event Notice means a notice in writing, which shall be given by Transcapitalbank to its shareholders, the Lender and the Trustee and which shall (i) state that the Write Down Event has occurred and (ii) specify the event(s) constituting the Write Down Event, being substantially in the form set out in Schedule 1 hereto.