Non-Viability Event definition

Non-Viability Event means the earlier of:

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Non-Viability Event means that the Regulator has notified the Issuer in writing that it has determined that the Issuer has, or will, become Non-Viable without:

Non-Viability Event means that the Financial Regulator has notified the Bank in writing that it has determined that the Bank is, or will become, Non-Viable without:

Examples of Non-Viability Event in a sentence

• For the avoidance of doubt, a Non-Viability Event or Bankruptcy Event and the resulting Write-Down and Cancellation shall not constitute a default or breach under this Indenture.

• A redemption notice will be automatically rescinded and will have no force and effect, and no redemption amount will be due and payable, if a Capital Ratio Event, Non-Viability Event or Bankruptcy Event or a Liquidation Event occurs prior to the applicable redemption date, in which case the Securities will be subject to a Going Concern Write-Down or a Write-Down and Cancellation as provided in Articles 13 and 14 or the subordination provisions as provided in Article 12, as the case may be.

• At any time prior to the payment of a Liquidation Claim in accordance with the subordination provisions herein, a Liquidation Claim shall be subject to a Going Concern Write-Down or a Write-Down and Cancellation upon the occurrence of a Capital Ratio Event, Non-Viability Event or Bankruptcy Event, as the case may be.

• Upon the occurrence of a Non-Viability Event or Bankruptcy Event and delivery of the related Write-Down and Cancellation Notice by the Company to the Trustee, any and all moneys deposited with the Trustee (and held by it or any Paying Agent) for the payment of any amounts under the Securities that have not become due and payable prior to the date of such Non-Viability Event or Bankruptcy Event shall be returned promptly to the Company.

More Definitions of Non-Viability Event

Non-Viability Event means the determination by the BRSA that, upon the incurrence of a loss by the Issuer (on a consolidated or non-consolidated basis), the Issuer has become, or it is probable that the Issuer will become, Non-Viable,

Non-Viability Event means that the Regulator has notified the Issuer in writing that it has determined that the Issuer has, or will become, Non-Viable without: (a) a Write-down; or (b) a public injection of capital (or equivalent support).

Non-Viability Event means that the Financial Regulator has informed the Bank in writing that it has determined that a Trigger Event has occurred;

Non-Viability Event has the meaning set forth in Section 13.01.

Non-Viability Event means the determination by the BRSA that, upon the incurrence of a loss by the Issuer (on a consolidated or non-consolidated basis), the Issuer has become, or it is probable that the Issuer will become, Non-Viable.

Non-Viability Event means that:

Non-Viability Event means the earliest of the following: