Basel III Sample Clauses
The Basel III clause establishes requirements for financial institutions to comply with the international regulatory framework known as Basel III, which sets standards for capital adequacy, liquidity, and risk management. In practice, this clause may require parties to maintain certain capital ratios, adjust their operations to meet liquidity coverage requirements, or adapt to changes in regulatory capital definitions. Its core function is to ensure that the parties remain compliant with evolving banking regulations, thereby promoting financial stability and reducing systemic risk.
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Basel III. For the avoidance of doubt, the implementation of Basel III shall constitute a "law, regulation, treaty or official directive (whether or not having the force of law) or the interpretation thereof" in the meaning of Clause 15.1.1 of the Loan Agreement, whereby "Basel III" means the agreements on capital requirements, a leverage ratio and liquidity standards contained in "Basel III: A global regulatory framework for more resilient banks and banking systems", "Basel III: International framework for liquidity risk measurement, standards and monitoring" and "Guidance for national authorities operating the countercyclical capital buffer" published by the Basel Committee on Banking Supervision on 16th December, 2010, each as amended, supplemented or restated from time to time.
Basel III. Notwithstanding anything herein to the contrary, all requests, rules, publications, orders, guidelines and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to have been adopted and gone into effect after the Restatement Date regardless of when adopted, enacted or issued.
Basel III. In respect of Clauses 18.1 and 18.2 and the payment of any Increased Costs attributable to the implementation of or compliance with Basel III, the Borrowers’ obligation to pay such costs to a Relevant Finance Party shall be subject to that Relevant Finance Party confirming to the Borrowers, at the relevant time that any such costs are due, that the payment of such costs is consistent with the general approach that that Relevant Finance Party is taking with respect to other similarly rated borrowers. For the avoidance of doubt, any failure by a particular Relevant Finance Party to provide such confirmation shall not in any way affect the obligation of the Borrowers to pay any other Relevant Finance Party.