Write Down Instruments definition

Write Down Instruments means any obligation (other than the Loan) incurred directly or indirectly by the Borrower which (a) in the case of a Bankruptcy Event ranks or is expressed to rank pari passu with the Loan; (b) is subordinated debt which qualifies as Additional Tier 1 Capital or Tier 2 Capital of the Borrower and (c) contains provisions analogous to those in Clause 5.5.1 (Cancellation of Interest) with respect to obligations qualifying as Additional Tier 1 Capital and Clause 9 (Write Down) relating to cancellation of interest and monetary damages and a write down of the principal amount of such instrument or which otherwise permit or require the cancellation of interest and monetary damages and write down of such instrument and in respect of which the conditions (if any) to the operation of such provisions are (or with the giving of any certificate or notice which is capable of being given by the Borrower, would be) satisfied.
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Examples of Write Down Instruments in a sentence

  • The accrued interest may only be Cancelled by the Borrower pro rata with interest on other Parity Write Down Instruments.

  • 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 on more than one occasion).The principal amount of the Loan may only be used to remedy the Write Down Event pro rata with the Write Down Instruments.

  • A Write Down Event may occur on more than one occasion and the interest on the Loan may be Cancelled and the principal amount of the Loan may be Written Down on more than one occasion.The principal amount of the Loan may only be Written Down by the Borrower pro rata with other Parity Write Down Instruments.

  • The principal amount of the Loan may only be written down pro rata with other Write Down Instruments.

  • A Write Down Event may occur on more than one occasion and the interest on the Loan may be Cancelled and the principal amount of the Loan may be Written Down on more than one occasion.The principal amount of the Loan may only be Written Down by Gazprombank pro rata with other Parity Write Down Instruments.

  • The accrued interest may only be cancelled by Sberbank pro rata with interest on other Write Down Instruments.

  • The accrued interest may only be Cancelled by Gazprombank pro rata with interest on other Parity Write Down Instruments.

  • The principal amount of the Loan may only be Written Down by the Borrower pro rata with other Parity Write Down Instruments.

  • The provisions of this Agreement in relation to Write Down Measures shall only apply for so long as a Write Down Event(s) is(are) continuing.The principal amount of the Loan may only be used to remedy the Write Down Event pro rata with the Write Down Instruments.

  • Any provisions of this Agreement in relation to Write Down Measures shall only apply for so long as a Write Down Event(s) is(are) continuing.The principal amount of the Loan may only be used to offset losses incurred by Home Credit pro rata with other Write Down Instruments.

Related to Write Down Instruments

  • Transaction Instruction means a written order signed by the holder or the Depository, entitled to request that one or more actions be taken, or such other form as may be reasonably acceptable to the Warrant Agent, requesting one or more such actions to be taken in respect of an Uncertificated Warrant;

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.

  • Commercial Agreements means all or any Agreement or Agreements with any third party including but not limited to broadcasting, media, sponsorship, marketing, merchandising, licensing and advertising, for the general promotion of each or any of the Clubs in the Competition and the Company, and which have the object of promoting the welfare and general commercial interest and increasing the financial resources of each of the Clubs, the Company and the Competition.

  • Necessary Endorsement means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other instruments or documents as the Agent (as that term is defined below) may reasonably request.