Compliant Securities definition

Compliant Securities means securities issued by UBS Group AG or any of its subsidiaries that have economic terms not materially less favourable to a Holder than these Terms and Conditions (as reasonably determined by the Issuer), provided that
Compliant Securities means securities issued directly by CSG or by a subsidiary of CSG and guaranteed by CSG that:
Compliant Securities means securities issued directly or indirectly by the Issuer that satisfy all the conditions below:

Examples of Compliant Securities in a sentence

  • In the event that the status of any such Shariah Compliant Securities should change, the Broker and the Bank accepts no liability in relation to such change.

  • The Broker and the Bank accepts no liability with respect to the fairness, correctness, accuracy, reasonableness or completeness of any determination or guidance by the Internal Shariah Supervision Committee of the respective Bank that has certified or otherwise approved Securities to be Shariah Compliant Securities.

  • In deciding whether to trade or otherwise invest in Shariah compliant products (including Shariah Compliant Securities), the Client undertakes to satisfy himself/ herself/itself that investing in such products will not contravene Shariah principles and to consult his/her/its own Shariah advisors as to whether investing in such products is compliant or not with Shariah.

  • The Client also acknowledges and understands that Shariah Compliant Securities shall be subject to review from time to time and may be changed at any time without prior notice to the Client.


More Definitions of Compliant Securities

Compliant Securities means securities issued directly by LBG that:
Compliant Securities means securities that:
Compliant Securities means securities issued directly or indirectly by the Issuer that:
Compliant Securities means securities issued directly by the Company that:
Compliant Securities means securities issued directly or indirectly by the Bank that:
Compliant Securities means securities issued directly by the Company that, (a) have terms not materially less favorable to an investor than the terms of the Additional Tier 1 Securities (as reasonably determined by the Company in consultation with an investment bank or financial adviser of international standing (which in either case is independent of the Company)) and provided that the Company has delivered an officer’s certificate to such effect (including as to such consultation) to the Trustee (upon which the Trustee shall be entitled to rely without further enquiry and without liability to any person) prior to the issue or variation of the relevant securities); (b) subject to (a) above (1) contain terms which comply with the then current requirements of the Relevant Regulator in relation to additional tier 1 capital; (2) provide for the same interest rate and Interest Payment Dates from time to time applying to the Additional Tier 1 Securities; (3) rank pari passu with the ranking of the Additional Tier 1 Securities; (4) preserve any existing rights under the Indenture to any accrued interest or other amounts which have not been either paid or canceled (but without prejudice to the right of the Company to cancel the same under the terms of the Compliant Securities, if applicable); (5) preserve the obligations (including the obligations arising from the exercise of any right) of the Company as to payments of principal in respect of the Additional Tier 1 Securities, including (without limitation) as to the timing and amount of such payments; and (6) contain terms providing for the conversion of the Additional Tier 1 Securities, the cancellation of payments of interest thereon or write-down of the principal of the Additional Tier 1 Securities only if such terms are not materially less favorable to an investor than the terms of the Additional Tier 1 Securities; (c) are (1) listed on the Global Exchange Market of Euronext Dublin or (2) listed on such other stock exchange as is a Recognized Stock Exchange at that time as selected by the Company and; (d) where the Additional Tier 1 Securities which have been substituted or varied had a published rating (solicited by, or assigned with the cooperation of, the Company) from a Rating Agency immediately prior to their substitution or variation, each such Rating Agency has ascribed, or announced its intention to ascribe, an equal or higher published rating to the relevant Compliant Securities;
Compliant Securities means securities issued directly by the Company that have terms not materially less favourable to an investor than the terms of the Contingent Capital Notes (as determined by the Company in consultation with an Independent Financial Adviser), provided that the Company has delivered an officer’s certificate to such effect (including as to such consultation) to the Trustee (upon which the Trustee shall be entitled to conclusively rely on and accept such certificate without further enquiry and without liability to any person) prior to the substitution or variation of the Contingent Capital Notes and provided that such substitution or varied securities: