Redress Exercise definition

Redress Exercise means any voluntary redress exercise undertaken by the Seller, Holdco or the Legal Title-Holder and/or mandated by the FCA or any other regulatory authority in terms of which the Seller, ▇▇▇▇ Holdco and/or the Legal Title-Holder is required to reimburse a Borrower any amount either owed or previously paid by such Borrower under a Loan whether with respect to any fees, interest or principal amounts and whether by way of the payment of such amount, payment holiday, payment forgiveness or principal balance reduction, in respect of issues arising from payment protection insurance (including accident, sickness and unemployment insurance) as considered in the Policy Statement PS 17/3 (entitled "Payment protection insurance complaints: feedback on CP16/20 and final rules and guidance") published in March 2017;
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Related to Redress Exercise

  • Cashless Exercise means a Cashless Exercise as defined in Section 6.3(b)(i).

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Broker Exercise Notice means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably instructs a broker or dealer to sell a sufficient number of shares or loan a sufficient amount of money to pay all or a portion of the exercise price of the Option and/or any related withholding tax obligations and remit such sums to the Company and directs the Company to deliver stock certificates to be issued upon such exercise directly to such broker or dealer or their nominee.

  • Cash Exercise with respect to Warrant Shares; and/or

  • Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.