MREL or TLAC Requirements definition

MREL or TLAC Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss-absorbing capacity instruments applicable to the Issuer and/or the Group, from time to time, including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the Republic of Italy, a Competent Authority, a Relevant Resolution Authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.
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MREL or TLAC Requirements means the minimum requirements for own funds and eligible liabilities and/or total loss-absorbing capacity requirements applicable to the MREL Group referred to in the BRRD, or any other EU laws and regulations implemented in French laws and regulations as the case may be, and/or, if applicable to the MREL Group, as per the FSB TLAC Term Sheet dated November 9, 2015, as amended from time to time.
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Examples of MREL or TLAC Requirements in a sentence

  • The basis of the mentioned norms (DIN, EN ISO, NFE, ASEM etc.) is the latest version.

  • The Issuer intends to treat the Senior Non-Preferred Notes as eligible liabilities to meet the MREL or TLAC Requirements.

  • Since October 2010, taxi and PHV drivers who drive wheelchair accessible taxis or PHVs have therefore been able to apply for exemptions.

  • One issuance contains a broad requirement that redemption or repurchase is ‘subject to compliance by the issuer with any conditions to such redemption or repurchase prescribed by the MREL or TLAC Requirements at the relevant time’.

  • When Miller was not brought to trial within 180 days of filing his R.C. 2941.401 notice, he moved to dismiss the indictment pursuant to R.C. 2941.401, and that motion to dismiss was granted.

  • Notes constituting Tier 2 Capital Instruments or eligible liabilities under MREL or TLAC Requirements may also be Positive Impact Notes.

  • For the purposes of this Condition: An “Alignment Event” shall be deemed to have occurred if by reason of a change in the MREL or TLAC Requirements, an instrument of the Issuer with New Terms is permitted to be fully included in the eligible liabilities available to meet the MREL or TLAC Requirements (as called ordefined by the then applicable regulations or MREL or TLAC Requirements criteria applicable to the MREL Group).

  • At the date of this Base Prospectus, the Issuer is above its MREL or TLAC Requirements.Any failure by the Issuer and/or the Group to comply with its MREL or TLAC Requirements may have a material adverse effect on the Issuer’s or the Group’s business, financial conditions and results of operations and could result, among other things, in the imposition of restrictions on payments by the Issuer.

  • At the date of this Base Prospectus, the Issuer is above its MREL and TLAC Requirements.Any failure by the Issuer and/or the Group to comply with its MREL or TLAC Requirements may have a material adverse effect on the Issuer’s or the Group’s business, financial conditions and results of operations and could result, among other things, in the imposition of restrictions on payments by the Issuer.

  • Indeed, with the movement towards private funded provision for the upper and middle parts of the income distribution, current pensions policy reform in the UK (such as the replacement of SERPS with the Second State pension) is predominantly motivated by such within-cohort issues.

Related to MREL or TLAC Requirements

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • OHS Requirements means all Laws applicable to the Supply and related to occupational health or safety, and all of the City Policies that relate to occupational health or safety, and includes without limitation the WCA;

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Applicable Technical Requirements and Standards means those certain technical requirements and standards applicable to interconnections of generation and/or transmission facilities with the facilities of an Interconnected Transmission Owner or, as the case may be and to the extent applicable, of an Electric Distributor, as published by Transmission Provider in a PJM Manual provided, however, that, with respect to any generation facilities with maximum generating capacity of 2 MW or less (synchronous) or 5 MW or less (inverter-based) for which the Interconnection Customer executes a Construction Service Agreement or Interconnection Service Agreement on or after March 19, 2005, “Applicable Technical Requirements and Standards” shall refer to the “PJM Small Generator Interconnection Applicable Technical Requirements and Standards.” All Applicable Technical Requirements and Standards shall be publicly available through postings on Transmission Provider’s internet website.

  • Environmental and Safety Requirements means all federal, state, local and foreign statutes, regulations, ordinances and similar provisions having the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety and pollution or protection of the environment, including all such standards of conduct and bases of obligations relating to the presence, use, production, generation, handling, transport, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any hazardous materials, substances or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or by-products, asbestos, polychlorinated biphenyls (or PCBs), noise or radiation.

  • Authority Requirements means the operational requirements, functions and characteristics of the Framework set out in Schedule 1 (Statement of Requirements)

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Statement of Requirements means a statement issued by the Authority or any Other Contracting Body detailing its Services Requirement issued in accordance with the Ordering Procedure;

  • Resource Adequacy Requirements has the meaning set forth in Section 3.3.

  • Governmental Requirements means all federal, state, and local laws, statutes, ordinances, rules, regulations, orders, and decrees of any court, administrative body, or tribunal related to the activities and performances under this Agreement.

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Environmental, Health, and Safety Requirements means all federal, state, local and foreign statutes, regulations, ordinances and other provisions having the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety, and pollution or protection of the environment, including without limitation all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any hazardous materials, substances or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise or radiation, each as amended and as now or hereafter in effect.