Maximum Distributable Amount definition

Maximum Distributable Amount means any maximum distributable amount relating to the Issuer and/or the Group (if any) which is determined pursuant to Article 141 of the CRD IV Directive (or, as the case may be, any provision of Danish law transposing or implementing Article 141 of the CRD IV Directive), or any successor provision thereto;

Maximum Distributable Amount means any maximum distributable amount relating to the Issuer and/or the Group (if any) which is determined pursuant to CRD/CRR and/or the BRRD and which is applicable to the Issuer and/or the Group, including, without limitation, pursuant to Articles 141 and 141b of the CRD Directive and Article 16a of the BRRD (or, in any such case, any provision of Danish law transposing or implementing such article), or (in any such case) any successor provision thereto, or any analogous payment restrictions arising in respect of capital buffers under CRD/CRR or the BRRD and/or any minimum requirement for own funds and eligible liabilities under CRD/CRR and/or the BRRD (or, as the case may be, any provision of Danish law transposing or implementing any such analogous payment restrictions);

Maximum Distributable Amount means any applicable maximum distributable amount relating either to the Issuer and/or the Group (as the case may be) required to be calculated in accordance with the CRD IV and/or any other Applicable Banking Regulation(s) (or any provision of Italian law transposing or implementing the foregoing);

Examples of Maximum Distributable Amount in a sentence

• Balance Sheet (in billions of euros) * Press release dated 11 December 2019 "DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS AS FROM 1 JANUARY 2020"** Taking into account the combined regulatory buffers, the CET1 ratio level that would trigger the Maximum Distributable Amount mechanism would be 10.02% as of 1January 2020 (including 0.27% of countercyclical buffers).

• Subject to Condition 11.4 (Maximum Distributable Amount restriction), the Reinstatement Limit will be the lower of the Available Reinstatement Amounts calculated for each of the Issuer and the Group in accordance with Condition 11.3(ii) (Available Reinstatement Amounts).

• A reinstatement as described above shall not be effected in circumstances which (when aggregated together with distributions of the kind referred to in Article 141 (2) of CRD IV Directive or, as the case may be, any provision of Danish law transposing or implementing Article 141 (2) of the CRD IV Directive, or any successor thereto) would cause any Maximum Distributable Amount to be exceeded.

• Maximum Distributable Amount (MDA) triggerThe transposition of Basel regulations into European law (CRD) introduced a restriction mechanism for distribution that applies to dividends, AT1 instruments and variable compensation.

• No Distribution will be made on the Preferred Securities (whether by way of a repayment of the Liquidation Preference, the payment of any Distribution or otherwise) if and to the extent that such payment would cause the Maximum Distributable Amount (if any) then applicable to the Bank and/or the Group to be exceeded.

More Definitions of Maximum Distributable Amount

Maximum Distributable Amount means any applicable maximum distributable amount relating to the Issuer and/or the UniCredit Group, as the case may be, required to be calculated in accordance with the CRD IV Directive (or any provision of Italian law transposing or implementing the CRD IV Directive).

Maximum Distributable Amount means any maximum distributable amount relating to the Issuer required to be calculated in accordance with the Capital Requirements Directive (or, as the case may be, any provision of French law implementing the Capital Requirements Directive);

Maximum Distributable Amount means any applicable maximum distributable amount relating to us required to be calculated in accordance with (i) Rule 4.3(2) of Chapter 4; or (ii) any analogous restrictions arising in respect of failure to meet capital adequacy, loss absorbing capacity, leverage or buffer requirements under the Relevant Rules.

Maximum Distributable Amount means any maximum distributable amount applicable to the Bank or the Group required to be calculated in accordance with article 48 of Law 10/2014 and any provision implementing such article, each interpreted in light of article 141 of the CRD IV Directive;

Maximum Distributable Amount means any maximum distributable amount (maximal ausschüttungsfähiger Betrag) relating to the Issuer, the Erste Group and/or the Issuer's Group (if any), as the case may be, that may be required to be calculated in accordance with § 24(2) of the Austrian Banking Act (implementing Article 141(2) of the CRD IV in Austria).

Maximum Distributable Amount means any maximum distributable amount (maximal ausschüttungsfähiger Betrag) relating to the Issuer and/or the RBI Regulatory Group, as the case may be, that may be required to be calculated in accordance with § 24(2) BWG (implementing Article 141(2) CRD IV in Austria).

Maximum Distributable Amount means any maximum distributable amount relating to the Bank required to be calculated in accordance with Article 141 of the CRD IV Directive (as it may be amended or replaced from time to time) or any provisions of the Relevant Rules implementing the CRD IV Directive;