Relevant Regulator definition
Examples of Relevant Regulator in a sentence
No such assumption or substitution as is referred to in either Section 8.02 or 8.03 shall be effected in relation to any series of Subordinated Debt Securities, unless, in each case to the extent and manner required by the Applicable Regulations at such time, the Company has given notice thereof to the Relevant Regulator and the Relevant Regulator has granted its permission or no objection in relation thereto.
Any refusal by the Relevant Regulator to grant its permission as contemplated above shall not constitute a Default or an Event of Default for any purpose.
Prior to the giving of any notice of redemption, the Company must deliver to the Trustee an Officer’s Certificate stating that (i) a Capital Disqualification Event has occurred, and (ii) if, and to the extent required under Applicable Regulations, the Company has demonstrated to the satisfaction of the Relevant Regulator that the relevant change was not reasonably foreseeable by the Company as at the Issue Date.
No such modification shall be effected in relation to any series of Subordinated Debt Securities, unless, in each case to the extent and manner required by the Applicable Regulations at such time, the Company has given notice thereof to the Relevant Regulator and the Relevant Regulator has granted its permission or no objection in relation thereto.