Minimum Capital Requirement definition

Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

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Minimum Capital Requirement means the Minimum Capital Requirement of the Issuer, the minimum consolidated group Solvency Capital Requirement or other minimum capital requirements relating to the Issuer or the Insurance Group (as applicable) referred to in the Relevant Rules;

Minimum Capital Requirement means the Minimum Capital Requirement or the minimum group Solvency Capital Requirement (as applicable) or any other minimum capital requirement, group minimum capital requirement or other equivalent capital requirement howsoever described in the Relevant Rules;

Examples of Minimum Capital Requirement in a sentence

• For purposes of this requirement, an action “necessary to carry out the purpose of this section” under 12 U.S.C. § 1831o(e)(5) shall include restoration of the Bank’s capital and liquidity to levels that comply with the Minimum Capital Requirement and the Minimum Liquidity Requirement, and any other action deemed advisable by the OCC to address the Bank’s capital or liquidity deficiency or the safety and soundness of its operations.

• Unless otherwise permitted by the PRA, the Issuer will not make any payment and any such payment shall not be payable under or arising from the Tier 2 Notes, the Coupons or these presents relating to them or arising therefrom, unless both the Solvency Capital Requirement and the Minimum Capital Requirement are met both at the time of, and immediately after, any such payment.

• Permit any Regulated Subsidiary’s capital to be below the Minimum Capital Requirement, for a period of more than three consecutive Business Days after the date that a Financial Officer becomes aware that such capital is below such level (or, in the case of interpretation of any applicable law or regulation by a regulatory authority with retroactive effect, after the date the Borrower receives such notice from such regulatory authority).

• Such capital contribution will be: (i) made not later than ten (10) business days after receiving notification of the higher Minimum Capital Requirement from the Bank or the OCC; (ii) in the form of cash, or if appropriate, other acceptable assets; and (iii) accounted for pursuant to Generally Accepted Accounting Principles (“GAAP”).

• For so long as the Regulatory Group is in breach of any applicable Solvency Capital Requirement or Minimum Capital Requirement, there will be no distributions nor payments made pursuant to the Subordinated Notes, and such payments will be deferred until such time as the applicable breach is rectified.

More Definitions of Minimum Capital Requirement

Minimum Capital Requirement means, when method 1 is applied, the consolidated group Solvency Capital Requirement as referred to in article 230(2) of the Solvency II Directive or, in the case a combination of method 1 and 2 is used, the minimum consolidated group Solvency Capital Requirement as referred to in article 341 of the Solvency II Delegated Regulation (or any equivalent terminology employed by the then applicable Capital Adequacy Regulations);

Minimum Capital Requirement means the Minimum Capital Requirement, the minimum consolidated group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules in each case as may be applicable to the Issuer and/or the Group (whether on a solo, group or consolidated basis);

Minimum Capital Requirement means the minimum Solvency Capital Requirement applicable to the Solvency II Group, and/or the Issuer and/or the Issuer's Group (as appropriate), in each case whether on a solo, group or consolidated basis, referred to in, or any other minimum capital requirement howsoever described in, Solvency II or the Relevant Rules.

Minimum Capital Requirement means the Minimum Capital Requirement of the Issuer or the Humanis Prudential Group (as applicable) referred to in the Solvency II Directive and the Solvency II Regulations.

Minimum Capital Requirement means the minimum capital that an insurer must maintain in order to operate in accordance with the Law as set out in Schedule 1;

Minimum Capital Requirement means such capital that is required to be held by a captive insurer calculated in accordance with these rules;

Minimum Capital Requirement means the minimum capital requirement of the Issuer, the minimum capital requirement of the Eurovita Group or the Eurovita Group minimum consolidated group Solvency Capital Requirement (as applicable) referred to in the Applicable Regulations, where non-compliance with the Minimum Capital Requirement shall be deemed to have occurred if the amount of own fund items eligible to cover the Minimum Capital Requirement of the Issuer or, where applicable, the Eurovita Group is less than the Minimum Capital Requirement of the Issuer or, as the case may be, the Eurovita Group minimum consolidated group Solvency Capital Requirement.