Examples of Successor Authority in a sentence
Certain Arrears of Interest may only be payable on Subordinated Notes following the prior written approval of Swiss Financial Market Supervisory Authority (FINMA) (“FINMA”) or any Successor Authority as more fully set out in Condition 4 (f) (iii) of the Terms and Conditions of the Senior Notes, Dated Subordinated Notes and Undated Subordinated Notes.
To be aware of, and advocate for, the role of persons with disabilities in ministry, including ordained and diaconal ministries and local church and annual conference leadership positions.
The Issuer may not suspend an interest payment pursuant to Condition 4(b)(i)(B) if the FOPI or any Successor Authority states at any time prior to the relevant Interest Payment Date that the Loan Notes are not longer eligible to qualify as Upper Additional Capital (‘‘oberes erga¨nzendes Kapital’’) pursuant to Art.
Any redemption payments made on the Guarantee must be returned to the Guarantor irrespective of any agreement to the contrary, unless (x) the Guarantor has been dissolved or (y) such amounts have been replaced by regulatory capital qualifying with the same regulatory (sub-)category or equivalent thereof or (z) if the FOPI or any Successor Authority has given its consent to the payment.
Any redemption payments made on the Guarantee must be returned to the Guarantor irrespective of any agreement to the contrary, unless (x) the Guarantor has been dissolved or (y) such amounts have been replaced by regulatory capital qualifying with the same regulatory (sub-)category or (z) equivalent thereof or if the FOPI or any Successor Authority has given its consent to the payment.
The Issuer may call and redeem the Loan Notes in accordance with Condition 5(b) or Condition 5(c) only if the FOPI or any Successor Authority has given (and not subsequently withdrawn) its consent to the redemption (having been given no less than 6 months prior notice by the Issuer) to the extent such consent is required or otherwise has not objected to such redemption.
Certain Arrears of Interest may only be payable on Subordinated Notes following the prior written approval of Swiss Financial Market Supervisory Authority FINMA (“FINMA”) or any Successor Authority as more fully set out in Condition 4 (d) (iii) of the Terms and Conditions of the Senior Notes, Dated Subordinated Notes and Undated Subordinated Notes.
If the Loan Notes are redeemed in violation of Condition 5, the amounts redeemed must be returned to the Issuer irrespective of any agreement to the contrary, unless the Issuer has been dissolved or such amounts have been replaced by regulatory capital qualifying with the same regulatory (sub-)category or equivalent thereof or if the FOPI (as defined below) or any Successor Authority (as defined below) has given its consent to the redemption.
In order to give effect to this revised procedure, reform is needed to Standing Order 9.4.1.
The Issuer shall not be required to defer such Interest Payment or, as the case may be, Solvency Shortfall if FINMA or any Successor Authority has given its consent to such payment.