resolution action definition

resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

resolution action means the decision to place a CCP under resolution pursuant to Article 22, the application of a resolution tool, or the exercise of one or more resolution powers;

resolution action means the application of a resolution tool to an institution or an entity referred to in Article 2, or the exercise of one or more resolution powers in relation to it;

Examples of resolution action in a sentence

• Such acceptance applies in particular to the suspension of contractual obligations, the limitation of the collateral rights, the temporary stay of termination rights, the transfer of agreements and the general limitation on termination rights following a Resolution Action.

• Resolution Action Plan: The Company and the Association agree to jointly work toward a mutually satisfactory resolution of these issues.

• Resolution Action taken to repair the root cause of an incident or problem, or to implement a workaround.

• The Resolution Action and Resolution Plan approved by <Principal> will be implemented by <Supplier> within the periods to be agreed with <Principal>.

• The Company and the Union agree to transition from an Executive Management-Labor quarterly meeting to a Resolution Action Committee arrangement.

More Definitions of resolution action

resolution action means the decision to place an insurance or reinsurance undertaking or an entity as referred to in Article 1(1), points (b) to (e), under resolution pursuant to Article 19 or 20, the application of a resolution tool as referred to in Article 26(3), or the exercise of one or more resolution powers as referred to in Articles 40 to 52;

resolution action means the decision to place an institution under resolution pursuant to Article 27, the application of a resolution tool to, or the exercise of one or more resolution power in relation to an institution;

resolution action means the decision to place an entity referred to in Article 2 under resolution pursuant to Article 18, the application of a resolution tool or the exercise of one or more resolution powers;

resolution action means the application of a resolution tool, or the exercise of one or more resolution powers once the conditions for resolution set out in Article 22 are met;

resolution action means for Severity Level 1 or Severity Level 2 Cases a Resolution or action plan for Resolution.

resolution action means the application of resolution tools or the exercise of resolution powers.

resolution action means the application of a resolution tool or exercise of a resolution power by the Resolution Authority as referred to in Section 2 para. 3 No. 5 of the SAG;