Write Down Measures definition

Write Down Measures means an Interest Cancellation Measure and/or a Principal Write Down Measure.

Write Down Measures means an Interest Cancellation Measure, a Monetary Damages Cancellation Measure and/or a Principal Write Down Measure.1.2 InterpretationUnless the context or the express provisions of this Agreement otherwise require, the following shall govern the interpretation of this Agreement:1.2.1 all references to “Clause” or “sub-clause” are references to a Clause or sub-clause of this Agreement;1.2.2 the terms “hereof, “herein” and “hereunder” and other words of similar import shall mean this Agreement as a whole and not any particular part hereof;1.2.3 words importing the singular number include the plural and vice versa;1.2.4 the headings are for convenience only and shall not affect the construction hereof;1.2.5 the “equivalent” on any given date in one currency (the “first currency”) of an amount denominated in another currency (the “second currency”) is a reference to the amount of the first currency which could be purchased with the amount of the second currency at the spot rate of exchange quoted on the relevant Reuters page or, where the first currency is (i) Roubles and the second currency is (ii) U.S. Dollars (or vice versa), by the Central Bank at or about 10.00 a.m. (New York City time or, as the case may be, Moscow time) on such date for the purchase of the first currency with the second currency;1.2.6 a “month” is a reference to a period starting on one day in a calendar month and ending on the numerically corresponding day in the next succeeding calendar month save that, where any such period would otherwise end on a day which is not a Business Day, it shall end on the next succeeding Business Day, unless that day falls in the next calendar month, in which case it shall end on the immediately preceding Business Day, provided that, if a period starts on the last Business Day in a calendar month or if there is no numerically corresponding day in the month in which that period ends, that period shall end on the last Business Day in that later month (and references to “months” shall be construed accordingly);1.2.7 the “Lender” or the “Borrower” shall be construed so as to include it and any of its subsequent successors, assignees and chargees in accordance with their respective interests;1.2.8 all references in this Agreement to this Agreement or any other agreement, instrument or document shall be construed as a reference to that agreement, instrument or document as the same may be amended, supplemented or otherwise replaced from time to time; and1.2.9...

Write Down Measures means an Interest Cancellation Measure and/or a Principal Write Down Measure. 1.2 InterpretationUnless the context or the express provisions of this Agreement otherwise require, the following shall govern the interpretation of this Agreement:1.2.1 All references to "Clause" or "sub-Clause" are references to a Clause or sub-Clause of this Agreement.1.2.2 The terms "hereof", "herein" and "hereunder" and other words of similar import shall mean this Agreement as a whole and not any particular part hereof. 1.2.3 Words importing the singular number include the plural and vice versa.1.2.4 All references to "taxes" include all present or future taxes, levies, imposts and duties of any nature and the terms "tax" and "taxation" shall be construed accordingly.1.2.5 The table of contents and the headings are for convenience only and shall not affect the construction hereof. 2. Loan and Drawdown 2.1 LoanOn the terms and subject to the conditions set forth herein, the Lender hereby agrees to make available to Sberbank the Loan in the total aggregate amount of U.S.$ 1,000,000,000. 2.2 PurposeThe proceeds of the Loan will be used for general corporate purposes, but the Lender shall not be concerned with the application thereof. 2.3 DrawdownOn the terms and subject to the conditions set forth herein, on the Closing Date the Lender shall make the Loan to Sberbank and Sberbank shall make a single drawing in the full amount of the Loan. 2.4 One-Time Loan CommissionIn consideration of the Lender making the Loan to Sberbank, Sberbank hereby agrees that it shall, one Business Day before the Closing Date, pay to the Lender, in Same-Day Funds, the amount of U.S.$ 3,000,000 as a one-time commission in respect of the Loan and supported by an invoice in the form provided in Schedule A to this Agreement.2.5 DisbursementSubject to the conditions set forth herein, on the Closing Date the Lender shall transfer the amount of the Loan to the Sberbank Account.

Examples of Write Down Measures in a sentence

• 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.

• 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 2.0 per cent.

• Provisions of the Loan Agreement in relation to Write Down Measures shall only apply for so long as a Write Down Event(s) is continuing.

• If a Write Down Event has occurred and is continuing, Sberbank will promptly and unconditionally (irrespective of whether Sberbank has incurred any losses) apply the Write Down Measures on the Write Down Measure Effective Date provided that the Principal Write Down Measure shall be applied by Sberbank only if, after cancellation of interest accrued as of the Write Down Measure Effective Date in whole under the Interest Cancellation Measure, the Write Down Event would still be continuing.

• Neither the Trustee nor any Agent shall have any responsibility for, or liability or obligation in respect of, any loss, claim or demand incurred as a result of or in connection with a Write Down Event or any Write Down Measures or any consequent cancellation of the Notes or Write Down of any claims in respect thereof, and neither the Trustee nor the Agents shall be responsible for any calculation or determination or the verification of any calculation or determination in connection with the same.

• If Write Down Measures are not sufficient for a Write Down Event to cease to continue, the shareholder of the Borrower has agreed pursuant to a letter delivered to the Borrower to implement further actions which are necessary to remedy the Write Down Event.

• 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.

• If a Write Down Event has occurred as a result of any losses incurred by the Borrower, any Write Down Measures may only be applied by the Borrower after undistributed profit, reserve fund and other sources of the Borrower's Base Capital have been exhausted to absorb losses of the Borrower.

• Notwithstanding any other provision of this Subordinated Loan Agreement, any Write Down Measure(s) under this Clause 8 shall not constitute an Acceleration Event (or a Potential Acceleration Event) or a default by the Borrower under this Subordinated Loan Agreement and shall not oblige the Borrower to indemnify the Lender in accordance with Clause 13.

• 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.

More Definitions of Write Down Measures

Write Down Measures means an Interest Cancellation Measure and/or a Principal Write Down Measure; “U.S. Dollars” and “U.S.$” mean the lawful currency of the United States of America. 1.2 Interpretation1.2.1 Unless the context or the express provisions of this Agreement otherwise require, the following shall govern the interpretation of this Agreement.1.2.2 All references to “Clause” or “Clauses” are references to a Clause or Clauses of this Agreement.1.2.3 The terms “hereof”, “herein” and “hereunder” and other words of similar import shall mean this Agreement as a whole and not any particular part hereof.1.2.4 Words importing the singular number include the plural and vice versa.1.2.5 All references to “taxes” include all present or future taxes, levies, imposts, charges, withholdings and duties of any nature and the terms “tax” and “taxation” shall be construed accordingly.1.2.6 The table of contents and the headings are for convenience only and shall not affect the construction hereof.1.2.7 All references to “laws” and “regulations” include such laws and regulations as amended from time to time.

Write Down Measures has the meaning given to it in Condition 11.2 (Non-Viability Notice). 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 Measures means an Interest Cancellation Measure and/or a Principal Write Down Measure. 1.2 Interpretation Unless the context or the express provisions of this Agreement otherwise require, the following shall govern the interpretation of this Agreement: 1.2.1 all references to "Clause" or "sub-clause" are references to a Clause or sub- clause of this Agreement; 1.2.2 the terms "hereof, "herein" and "hereunder" and other words of similar import shall mean this Agreement as a whole and not any particular part hereof; 1.2.3 all references to "taxes" include all present or future taxes, levies, imposts, duties, assessments or other governmental charges or withholding of any nature and the terms "tax" and "taxation" shall be construed accordingly; 1.2.4 words importing the singular number include the plural and vice versa; 1.2.5 the headings are for convenience only and shall not affect the construction hereof; and 1.2.6 the "Lender" or the "Borrower" shall be construed so as to include it and any of its subsequent successors, assignees and chargees in accordance with their respective interests.

Write Down Measures means an Interest Cancellation Measure and/or a Principal Write Down Measure.1.2 Other DefinitionsUnless the context otherwise requires, terms used in this Agreement which are not defined in this Agreement but which are defined in the Trust Deed, the Notes, the Agency Agreement or the Dealer Agreement shall have the meanings assigned to such terms therein.1.3 InterpretationUnless the context or the express provisions of this Agreement otherwise require, the following shall govern the interpretation of this Agreement:1.3.1 all references to “Clause” or “sub-clause” are references to a Clause or sub-clause of this Agreement;1.3.2 the terms “hereof, “herein” and “hereunder” and other words of similar import shall mean this Agreement as a whole and not any particular part hereof;1.3.3 words importing the singular number include the plural and vice versa;1.3.4 all references to “taxes” include all present or future taxes, levies, imposts and duties of any nature and the terms “tax” and “taxation” shall be construed accordingly;1.3.5 the table of contents and the headings are for convenience only and shall not affect the construction hereof;1.3.6 all references to “this Agreement” are references to this Subordinated Loan Agreement dated 15 October 2013;1.3.7 all references in this Agreement to this Agreement or any other agreement, instrument or document shall be construed as a reference to that agreement, instrument or document as the same may be amended, supplemented, replaced or novated from time to time;1.3.8 any reference in this Agreement to any legislation (whether primary legislation or regulations or other subsidiary legislation made pursuant to primary legislation) shall be construed as a reference to such legislation as the same may have been, or may from time to time be, amended or re-enacted.