resolution measure definition

resolution measure means a 'crisis prevention measure', 'crisis management measure' or 'recognised third-country resolution action', each with the meaning given in the “Stay in Resolution” Part of the PRA Rulebook for CRR Firms, as the same may be amended, modified, re-enacted or replaced from time to time (the “PRA Contractual Stay Rules”), provided, however, that 'crisis prevention measure' shall be interpreted in the manner outlined in Rule 2.3 of the PRA Contractual Stay Rules ; “BRRD undertaking”, “group”, “Special Resolution Regime” and “termination right” have the respective meanings given in the PRA Contractual Stay Rules.

resolution measure has the meaning set forth in Section 2.04.

resolution measure means a “crisis prevention measure”, “crisis management measure” or “recognised third-country resolution action.

Examples of resolution measure in a sentence

• The Trustee and the Agents shall be fully protected in acting or refraining from acting in accordance with a Resolution Measure.

• The Issuer shall also deliver a copy of such notice to the Trustee and the Agents for information purposes, and the Trustee and the Agents shall be entitled to rely, and will not be liable for relying, on the competent resolution authority and the Resolution Measure identified in such notice.

• The Indenture shall impose no duties, obligations or liabilities upon the Trustee or the Agents whatsoever with respect to the imposition of any Resolution Measure by the competent resolution authority.

• Any delay or failure by the Issuer to give notice shall not affect the validity or enforceability of any Resolution Measure nor the effects thereof on this Note.

• Notwithstanding the foregoing, if, following completion of the imposition of a Resolution Measure by the competent resolution authority, this Note remains outstanding, then the Trustee’s and each Agent’s duties under the Indenture shall remain applicable with respect to this Note following such completion to the extent that the Issuer, the Trustee and the Agents agree pursuant to a supplemental indenture, unless the Issuer, the Trustee and the Agents agree that a supplemental indenture is not necessary.

More Definitions of resolution measure

resolution measure means a ‘crisis prevention measure’, ‘crisis management measure’ or ‘recognised third-country resolution action’, each with the meaning given in the “PRA Rulebook: CRR Firms and Non-Authorised Persons: Stay in Resolution Instrument 2015”, as may be amended from time to time (the “PRA Contractual Stay Rules”), provided, however, that ‘crisis prevention measure’ shall be interpreted in the manner outlined in Rule

resolution measure means "resolution" or the application of a "resolution tool", "crisis prevention measure" or "crisis management measure" within the meaning of BRRD and any relevant implementing measures in Norway;

resolution measure shall have the meaning set forth in Section 6.01.

resolution measure means "resolution" or the application of a "resolution tool", "crisis prevention measure" or "crisis management measure" within the meaning of Directive 2014/59/EU and any relevant implementing measures in any member state." Green Bond Framework‌ • In the section titled "Green Bond Framework" on page 147 of the Base Prospectus the second, third and fourth paragraphs are deleted and replaced accordingly with the following three paragraphs:

resolution measure has the meaning set forth in Section 6.01.

resolution measure has the meaning set forth in Section 1.02 of this Second Supplemental Capital Securities Indenture.

resolution measure has the meaning set forth in Section 1.02 of this Third Supplemental Subordinated Indenture.