Austrian Banking Act definition

Austrian Banking Act means the Austrian Banking Act (Bankwesengesetz – BWG), as amended or replaced from time to time, and any references in these Terms and Conditions to any relevant paragraphs of the Austrian Banking Act include references to any applicable provisions of law amending or replacing such provisions from time to time.
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Austrian Banking Act means the Austrian Banking Act (Bankwesengesetz – BWG), as amended from time to time.
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Austrian Banking Act means the federal Austrian Banking Act (in German: Bankwesengesetz), published in Federal Law Gazette No. 532/1993, as amended.
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Examples of Austrian Banking Act in a sentence

  • Each Loan Party hereby expressly waives any rights it may have in respect of banking secrecy under applicable laws, including without limitation pursuant to section 38 (2) of the Austrian Banking Act (Bankwesengesetz), as amended and supplemented from time to time, under or in connection with any Loan Document and releases the Administrative Agent and any Lender in respect to such banking secrecy.

  • The Main Cardholder and the Additional Cardholder expressly declare that they are acting in their own names and for their own account, in accordance with § 40 (2) of Austrian Banking Act, and undertake to inform card complete of any changes to these circumstances within the course of the business relationship.

  • Supplementary capital issued by RZB pursuant to the Austrian Banking Act or pursuant to the CRR is, as a purely profit-related instrument which does not give any entitlement to purchase (or exchange into) shares or any entitlement to a participation in capital but instead solely conveys an entitlement to repayment of no more than the nominal value of the respective bond and payment of the agreed interest, also pursuant to case law, not a participation right pursuant to sec.

  • For the avoidance of doubt, each Austrian Guarantor herewith explicitly consents pursuant to § 38 para 2 no 5 of the Austrian Banking Act (Bankwesengesetz — BWG) to a disclosure of Confidential Information pursuant to, and in accordance with the limitations of, Subsection 11.12 (Confidentiality) and explicitly waives any banking secrecy obligations any Lender or third party bank maintaining a Deposit Account for such Austrian Guarantor may have under § 38 of the Austrian Banking Act in this respect.

  • The Issuer reserves the right at any time to vary or terminate the appointment of the Paying Agent and to appoint another credit institution with its seat in Austria, which is duly licensed in accordance with the Austrian Banking Act (Bankwesengesetz) and subject to the provisions of the Austrian Banking Act, as Paying Agent.

  • I (We) acknowledge that the authorised ▇▇▇▇▇▇ keeps his escrow accounts at Bank Austria (credit institution) and he has signed the information document according to Section 37a BWG (Austrian Banking Act).

  • In case of such termination, the benefit to be paid to each Participant hereunder shall be the Participant’s Deferral Account balance.

Related to Austrian Banking Act