TLAC Disqualification Event definition

TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.
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TLAC Disqualification Event means the Office of the Superintendent of Financial Institutions (“OSFI”) has advised the Bank in writing that the Series of Bail-inable Notes will no longer be recognized in full as TLAC under the guideline for TLAC for banks in Canada in effect from time to time, as interpreted by the Superintendent, provided that a TLAC Disqualification Event shall not occur where the exclusion of the Series of Bail-inable Notes from the Bank’s TLAC requirements is due to the remaining term to maturity of such Series of Bail-inable Notes being less than any period prescribed by any relevant TLAC eligibility criteria applicable as of the Issue Date of the first Tranche of such Series of Bail-inable Notes.
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TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable debt securities issued under the applicable prospectus supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable debt securities from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable debt securities being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable debt securities.
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Examples of TLAC Disqualification Event in a sentence

  • The non-compliance with the MREL or TLAC Requirements could result in the occurrence of a MREL or TLAC Disqualification Event.

  • The terms of such contracts must not violate the PIAA Constitution and By-Laws, Policies and Procedures and Rules and Regulations.

  • Bail-inable Notes – TLAC Disqualification Event CallNot Applicable21.

  • Purchasers of the Notes are not permitted to sell or otherwise dispose of the Notes except by transfer to a professional institutional investor.ADDITIONAL INFORMATION REGARDING THE NOTESAs specified in paragraphs 27 and 29 of Part A of the Final Terms, the Notes may be redeemed by the Issuer in the event of a TLAC Disqualification Event, as set forth in Section 5 of the Terms and Conditions of the Notes (the " Conditions").

  • Early Redemption Amount (i) Early Redemption Amount(s) payable on redemption for taxation reasons[, TLAC Disqualification Event][, Regulatory Event] or on event of default:[[ ] per Calculation Amount] / [As per Condition 6.09 and 6.10](ii) Early Redemption Amount includes amount in respect of accrued interest:[Yes: no additional amount in respect of accrued interest to be paid / No: together with the Early Redemption Amount, accrued interest shall also be paid]22.

  • Bail-inable Notes – TLAC Disqualification Event Call[Applicable] [Not Applicable]21.

  • The occurrence of such MREL or TLAC Disqualification Event may have a material adverse effect on the value of the Notes and Noteholders may receive less than the full amount due under the Notes.

  • Early Redemption Amount(s) payable on redemption for taxation reasons, a TLAC Disqualification Event, illegality or on event of default or other early redemption (including, in the case of Index Linked Notes, following an Index Adjustment Event in accordance with Condition 7, or in the case of Equity Linked Notes, following a Potential Adjustment Event and/or De-listing and/or Merger Event As per Condition 5.10.

  • The course helps to understand the accounting and reporting system, technology and security, team management and the professional ethics in accounting and business.Unit 1: The business organization, its stakeholders and the external environment.

  • The new CA keys are generated and distributed in accordance with this CPS.


More Definitions of TLAC Disqualification Event

TLAC Disqualification Event means (i) OSFI has advised the Bank in writing that the Series of Bail-inable Notes will no longer be recognized as TLAC; or (ii) the Series of Bail-inable Notes no longer meets the eligibility criteria to qualify as TLAC as a result of any amendment to, or change in the laws, regulations, requirements, guidelines, rules, standards and policies, relating to minimum requirements for loss absorbing capacity instruments of OSFI or any other applicable governmental authority, then in effect in Canada, or the interpretation thereof, including the TLAC Guideline or any statute hereafter enacted in substitution therefor, as such laws, regulations, requirements, guidelines, rules, standards and policies, or substituted laws, regulations, requirements, guidelines, rules, standards and policies, may be amended from time to time (whether or not such laws, regulations, requirements, guidelines, rules, standards and policies or change in interpretation are applied generally or specifically to the Bank or other members of its group), in any such case becoming effective on or after the Issue Date of the first Tranche of the Bail-inable Notes of the relevant Series, provided that a TLAC Disqualification Event shall not occur where the exclusion of the relevant Series of Bail-inable Notes from the relevant minimum requirement(s) is due to the remaining maturity of such Series of Bail-inable Notes being less than any period prescribed by any relevant eligibility criteria applicable as of the Issue Date of the first Tranche of such Series of Bail-inable Notes.
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TLAC Disqualification Event has the meaning set forth in Section 203.
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TLAC Disqualification Event means OSFI has advised the Bank in writing that the Securities will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event shall not occur where the exclusion of the Securities from the Bank’s TLAC requirements is due to the remaining maturity of the Securities being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of the Securities.]”
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TLAC Disqualification Event means OSFI has advised TD in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC disqualification event will not occur where the exclusion of those bail-inable notes from TD’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.
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TLAC Disqualification Event means the AMF had advised the Issuer in writing that the Notes will no longer be recognized in full as Total Loss Absorbing Capacity (“TLAC”) under the AMF’s guideline on TLAC in effect from time to time as interpreted by the AMF, provided that a TLAC Disqualification Event will not occur where the exclusion of the Notes from the Issuer’s TLAC requirements is due to the remaining maturity of the Notes being less than any period prescribed by any relevant eligibility criteria applicable as of the Settlement Date.
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Related to TLAC Disqualification Event

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • €STR Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Index Cessation Event means, with respect to an Applicable Benchmark, (a) a public statement or publication of information by or on behalf of the Administrator of the Applicable Benchmark announcing that it has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider, as applicable, that will continue to provide the Applicable Benchmark; or (b) a public statement or publication of information by the regulatory supervisor for the Administrator of the Applicable Benchmark, the central bank for the currency of the Applicable Benchmark, an insolvency official with jurisdiction over the Administrator for the Applicable Benchmark, a resolution authority with jurisdiction over the Administrator for the Applicable Benchmark or a court or an entity with similar insolvency or resolution authority over the Administrator for the Applicable Benchmark, which states that the Administrator of the Applicable Benchmark has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider that will continue to provide the Applicable Benchmark.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events: