BRRD Entity definition

BRRD Entity means any party to this Agreement that is subject to Bail-in Powers;
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BRRD Entity means those EEA or UK entities within the scope of the BRRD, including EEA and UK credit institutions, certain EEA and UK investment firms and/or certain EEA and UK subsidiaries or parents of such entities. For the avoidance of doubt, this includes certain Citi Companies;
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BRRD Entity means those EEA entities within the scope of Directive 2014/59/EU, including EEA credit institutions, certain EEA investment firms and/or certain EEA subsidiaries or parents of such entities. For the avoidance of doubt, this includes certain Citi Companies;
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Examples of BRRD Entity in a sentence

  • The impact of resolution powers on BRRD Financial Instruments, and liabilities or obligations of a BRRD Entity in resolution, depend on the rank of the instrument, liability or obligation in the resolution creditor hierarchy.

  • This assessment must be based on an independent valuation of the BRRD Entity and compensation payments, if any, may be considerably later than contractual payment dates (in the same way that there may be a delay in recovering value in the event of insolvency).

  • In particular, existing liquidity arrangements (for example, re-purchase agreements by the issuing BRRD Entity) might not protect you from having to sell BRRD Financial Instruments at a substantial discount in case of financial distress of the issuing BRRD Entity.

  • The BRRD requires the resolution powers to be exercised in accordance with the general principle that no creditor shall incur greater losses than would have been incurred if the BRRD Entity had been wound up under normal insolvency proceedings.

  • In deciding to appoint Citi, you confirm that you are aware of the resolution powers under the BRRD which may be exercised in respect of a BRRD Entity and the potential consequences on any BRRD Financial Instrument or other liability or obligation of a BRRD Entity.


More Definitions of BRRD Entity

BRRD Entity means those EU entities within the scope of Directive 2014/59/EU, including EU credit institutions, certain EU investment firms and / or their EU subsidiaries or parents). For the avoidance of doubt, this includes certain Citi Companies.
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BRRD Entity means those EEA entities within the scope of the BRRD, including EEA credit institutions, certain EEA investment firms and/or their EEA subsidiaries or parents. For the avoidance of doubt, this includes all EU-based credit institutions, investment firms and financial institutions of the BNP Paribas group which are covered by the consolidated supervision of the parent undertaking carried out by the ECB.
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BRRD Entity means any party to this Agreement that is subject to Bail-in Powers.
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Related to BRRD Entity

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Member means a member of the Board;

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Designated Entity shall have the same meaning provided in the Operating Agreement. Direct Assignment Facilities:

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.