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;
MREL Requirement means the minimum requirements for eligible liabilities (MREL) which are or, as the case may be, will be, applicable to the Issuer and/or the Issuer's MREL Group in accordance with
MREL Requirement means the requirement for own funds and eligible liabilities or loss absorbing capacity, which is or, as the case may be, will be, applicable to the Issuer (whether on a solo or (sub)consolidated basis).
Examples of MREL Requirement in a sentence
The Notes are intended to qualify as eligible liabilities of the Issuer for the MREL Requirement.
Article 12 of the Regulation (EU) No. 806/2014 of the European Parliament and of the Council of 15 July 2014, as amended or replaced from time to time,where " Issuer's MREL Group" means the Issuer and its subsidiaries which have to comply with the MREL Requirement on a group basis.
The Notes constitute direct, unsecured and non-preferred obligations of the Issuer and are intended to qualify as eligible liabilities instruments (within the meaning of point (a) of Article 72a(1) and Article 72b CRR) of the Issuer for the MREL Requirement.
If and to the extent that Nykredit Realkredit becomes subject to the MREL Requirement, the net proceeds from the issue of each Tranche of Unsubordinated Notes by Nykredit Realkredit will, if eligible, be used to fulfil the MREL Requirement of Nykredit Realkredit.
The Senior Non-Preferred Notes are intended to be MREL Eligible Liabilities which are available to meet any MREL Requirement (however called or defined by the Applicable MREL Regulations then applicable) of the Issuer and the Group.
More Definitions of MREL Requirement
MREL Requirement means the minimum requirement of eligible liabilities referred to in the BRRD and relevant implementing legislation in Denmark;
MREL Requirement means the total loss-absorbing capacity requirement and/or the minimum requirement for own funds and eligible liabilities, in each case which is or, as the case may be, will be, applicable to the Issuer and/or the Group;
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 and/or the Group; NFSA means the Financial Supervisory Authority of Norway (Finanstilsynet);
MREL Requirement means the minimum requirement for own funds and eligible liabilities which applicable to the Issuer or the SBAB Group, as the case may be;
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 (whether on a solo or (sub)consolidated basis) and including any subordination requirement that may become applicable to the Issuer pursuant to a decision of the Resolution Authority;
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 or the Group, as the case may be; NGN means a Temporary Global Note or a Permanent Global Note and in either case in respect of which the applicable Final Terms indicates is a New Global Note; Noteholder and (in relation to a Note) holder means the bearer of a Global Bearer Note (other than the Swiss Global Note) or a Definitive Bearer Note and/or a person in whose name a Registered Global Note or a Registered Definitive Note is registered (or in the case of joint holders, the first named thereof) and/or, in the case of a Swiss Domestic Note, the several persons who are for the time being shown in the securities accounts of the Intermediary as holding the Swiss Domestic Notes of such Series in their own name and for their own account; Notes means notes (whether in bearer or registered form) in or substantially in the forms set out in the Schedules hereto comprising the Global Medium Term Notes constituted by these presents and for the time being outstanding or, as the context may require, a specific number of them and includes any replacement Notes issued pursuant to Condition 11; NSS means the New Safekeeping Structure for registered global Securities which are intended to constitute eligible collateral for Eurosystem monetary policy operations; outstanding means, in relation to the Notes, all the Notes issued other than:
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 and/or the Group; NFSA means the Financial Supervisory Authority of Norway (Finanstilsynet); Non-Preferred Junior Securities means all classes of share capital of the Issuer and any obligations of the Issuer ranking or expressed to rank junior to the Senior Non-Preferred VPS Notes; Non-Preferred Parity Securities means any unsecured obligations of the Issuer which rank, or are expressed to rank, pari passu with the Senior Non-Preferred VPS Notes; Norwegian Statutory Loss Absorption Powers means any write-down, conversion, transfer, modification, suspension or similar or related power existing from time to time under, and exercised in compliance with, any laws, regulations, rules or requirements in effect in the Kingdom of Norway, relating to (i) the transposition into Norwegian law of the BRRD (or, as the case may be, any provision of Norwegian law transposing or implementing such Directive) as amended or replaced from time to time and (ii) the instruments, rules and standards created thereunder, pursuant to which any obligation of the Issuer (or any affiliate of the Issuer) can be reduced, cancelled, modified or converted into shares, other securities or other obligations of the Issuer or any other person (or suspended for a temporary period); Oslo Business Days means a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in Oslo; outstanding means, in relation to the VPS Notes of any Series, all the VPS Notes issued other than: