Resolution Fund definition
Examples of Resolution Fund in a sentence
The Depositary shall establish a consolidated version of the Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund and communicate it to all the Signatories.
Notes purchased through the Mortgage Resolution Fund Program (MRF) program are ineligible for HPP assistance.
The SRB fulfils the tasks of a resolution authority as part of the Single Resolution Mechanism (SRM) in accordance with Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/20101 (hereinafter the ‘SRM Regulation’).
In accordance with Article 70(2) of the SRM Regulation and Article 4 of Council Implementing Regulation (EU) 2015/81 specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex ante contributions to the Single Resolution Fund 8, the SRB consults the ECB regarding the calculation of the ex-ante contributions to the Fund.
Pursuant to Decree-Law 24/2013, of 19 February, which establishes the calculation method of the initial, periodic and special contributions of the participating institutions to the Resolution Fund, the Issuer estimates, on the date hereof, that its participation in the Resolution Fund should be around 6 per cent.
Notwithstanding Clause 24 (Review Clause), any individual term of this Agreement may be amended or waived in written form with the consent of 13 If different from the National Resolution Fund, entity to be specified by the Lender each Party and any such amendment or waiver will be binding on all Parties.
During this period, if Novo Banco, S.A. is required to increase capital in order to ensure that all capital ratios are met, additional contributions for the Resolution Fund might be required from the Portuguese banks, including the Issuer.
Upon the Effective Date of this Agreement, the District shall establish a Dispute Resolution Fund (“Fund”) in the amount of One Hundred and Fifteen Thousand Dollars ($115,000.00) from which prevailing party attorneys’ fees and costs may be sought and recovered in the event that the Court is asked to resolve a dispute under paragraph E.
If the recovery rates presented in the report become legally binding and if they result higher than those actually observed at the end of the liquidation of Banco Espírito Santo, S.A., the Resolution Fund may request additional contributions from the Portuguese banks, including the Issuer, in order to pay the difference.
Moreover, Regulation (EU) No 806/2014 establishing a Single Resolution Mechanism (“SRM”) and a Single Resolution Fund, as amended (the “SRM Regulation”) has established a centralised power of resolution entrusted to a Single Resolution Board (the “SRB”) in cooperation with the national resolution authorities, such as the CSSF.