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.
TLAC Disqualification Event means OSFI has advised TD in writing that the bail-inable debt securities 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 debt securities from TD’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.
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.
More Definitions of TLAC Disqualification Event
TLAC Disqualification Event has the meaning set forth in Section 203.
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.
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.]”
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.
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.