Liability Management Exercise definition

Liability Management Exercise means any purchase, repurchase, redemption or liability reduction exercise commenced by the Issuer or any member of the Group within six months of the Issue Date, in respect of any of the Group’s securities (other than units of Ordinary Stock and Other Securities) where such exercise has been approved by the Competent Authority including, but not limited to: (i) the exchange offers of the Issuer launched on 8 June 2011; (ii) the CAD138,721,000 Fixed/Floating Dated Subordinated Notes due September 2015 (ISIN: CA062786AA67); and (iii) the GBP75,000,000 13.375 per cent. Unsecured Perpetual Subordinated Bonds (ISIN: GB0000510312);
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Liability Management Exercise means the liability management exercise referred to in the Society’s announcement dated 8 March 2018 in respect of the PPDS and the Society’s permanent interest bearing shares;
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Liability Management Exercise means the liability management exercise announced or to be announced by BOI in April 2010.
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Examples of Liability Management Exercise in a sentence

  • Other reserves represent the £410m capital redemption reserve created as a result of the Bank’s Liability Management Exercise (LME) in 2013.

  • Apart from the Liability Management Exercise, the result of which, if successful, will reduce CBGL's shareholding of the issued ordinary shares in the Company to approximately 30 per cent., the Company and the Directors are not aware of any arrangement the operation of which may at a subsequent date result in a change in control of the Company.

  • If the Early Participation Threshold is not achieved by the Early Participation Deadline and the Liability Management Exercise successfully completes, all 5.5555% Bonds will be exchanged at the Late Consideration Amount.

  • On October 6, 2014, the Bank purchased back part of its hybrid debt, mainly through its Liability Management Exercise.

  • If the Early Participation Threshold is achieved by the Early Participation Deadline (4.30 p.m. (London time) on 29 November 2013) and the Liability Management Exercise successfully completes, all 5.5555% Bonds will be exchanged at the Early Consideration Amount.

  • The income earned from assets will be combined with income earned from other sources to determine if the total income is under the appropriate income limit.

  • The adoption of Financial Accounting Standards Board (FASB) new authoritative guidance on accounting for convertible debt has resulted in an after-tax impact to net earnings of $26 million ($0.02 per share) and $25 million ($0.03 per share) for the three months ended January 29, 2010 and January 23, 2009, respectively.

  • In this regard, Scheme Creditors are referred to the paragraph entitled "Failure of Holders to participate in the Liability Management Exercise" on page 43 of the Bank T2 Notes Prospectus in section 2 (Risk Factors) of the Bank T2 Notes Prospectus.

  • Also, in the context of the Liability Management Exercise, the Group reduced its long term financing, reducing simultaneously its total capital needs.

  • Eligible Preference Shareholder means a Preference Shareholder that is eligible to participate in the Liability Management Exercise, or the relevant component part thereof, in accordance with the Offer Restrictions.


More Definitions of Liability Management Exercise

Liability Management Exercise means the liability management exercise (in respect of, amongst other securities, the Bonds) described in the announcement made by the Issuer and/or Co-operative Group Limited on or around 4 November 2013.” 2. assents to and sanctions, to the fullest extent permitted by law and under the Trust Deed, in respect of all holders of 5.5555% Bonds:
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Liability Management Exercise means the steps contemplated by the Exchange Offers and the Scheme which form part of the recapitalisation plan of the Bank.
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Liability Management Exercise means the Exchange Offers and Scheme which form part of the Recapitalisation Plan of the Bank; Loan has the meaning given to it in the Intra-Group Loan; Lock-up has the meaning given to it in clause 4.1;
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Liability Management Exercise any exercise intended to commute, reshape, or transfer out benefits from the Pension Scheme or any section of the Pension Scheme in relation to all or part of the Pension Scheme or any section of the Pension Scheme with a view to improving the funding position of the Pension Scheme or any section of the Pension Scheme by offering an additional option or options to members (or certain members) of the Pension Scheme or any section of the Pension Scheme, including but not limited to:
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Liability Management Exercise means the liability management exercise to be carried out in 2011 by the Society with the agreement of the NTMA in relation to the Society’s subordinated debt and hybrid debt securities;
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Related to Liability Management Exercise

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • export of services means the supply of any service when,––

  • disaster management means a continuous and integrated process of planning, organising, coordinating and implementing measures which are necessary or expedient for—

  • Procurement Management means the Director of Lee County’s Procurement Management Department or designee.

  • Home health aide services means the personal care and maintenance activities provided to individuals for the purpose of promoting normal standards of health and hygiene.

  • Payment Infrastructure Provider means a third party that forms part of the global payment system infrastructure, including without limitation communications, clearing or payment systems, intermediary banks and correspondent banks.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Extra Services means those services set forth in Schedule “B” that are requested by the Municipality for itself or on behalf of its citizens and provided by the Company in accordance with paragraph 7 of this Agreement;

  • Enrollee point-of-service cost-sharing means amounts paid to

  • Appraisal management services means one or more of the following:

  • Outpatient services means those services rendered in a practitioner’s office or in the department of an approved facility where services are rendered to persons who have not had an overnight stay and are not charged for room and board.

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Medically Necessary Services means those covered services that are, under the terms and conditions of the contract, determined through contractor utilization management to be:

  • Electric generation service means the provision of retail

  • Floodplain Management means the operation of an overall program of corrective and preventive measures for reducing flood damage, including but not limited to emergency preparedness plans, flood control works and floodplain management regulations.

  • Basic generation service provider or "provider" means a

  • Procurement Services shall refer to a business unit of OGS, formerly known as New York State Procurement (“NYSPro”) and Procurement Services Group (“PSG”).

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Basic health plan services means that schedule of covered

  • Supply of services means any transaction which does not constitute a supply of goods.

  • Multiphase professional services contract means a contract for the providing of professional

  • Passenger Services means the Franchisee's railway passenger services as specified in any Timetable and/or Plan of the Day including those railway passenger services which the Franchisee may delegate or subcontract or otherwise secure through any other person from time to time in accordance with the Franchise Agreement;

  • Inpatient services means services provided to you as an admitted inpatient in a recognised private or public hospital for treatment that is in an included clinical category, has a Medicare item number allocated and a Medicare benefit is payable.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Other Services means the provision to the Fund, by or at the expense of the Manager, of the following: