Trigger Event Notice definition

Trigger Event Notice means the notice specifying that a Trigger Event has occurred, which shall be issued by the Issuer not more than two Korean Business Days after the occurrence of a Trigger Event to the holders of the Subordinated Notes and the Principal Paying Agent in accordance with Condition 17 and which shall state in reasonable detail the nature of the relevant Trigger Event.

Trigger Event Notice means the notice referred to as such in Condition 6 which shall be given by the Issuer to the Holders, in accordance with Condition 15, the Trustee, the Registrar, the Principal Paying Agent and the Competent Authority, and which shall state with reasonable detail the nature of the relevant Trigger Event, the basis of its calculation and the relevant Write Down Date (which may be a date prior to or following the date of the Trigger Event Notice);

Trigger Event Notice means the notice specifying that a Trigger Event has occurred, which shall be issued by the Issuer not more than two Business Days after the occurrence of a Trigger Event to the holders of the Subordinated Notes, the Trustee and the Issuing and Paying Agent in accordance with Condition 16 and which shall state with reasonable detail the nature of the relevant Trigger Event and, if applicable, specify, as applicable (A) the Trigger Event Write-off Amount per Subordinated Note to be Written-off or (B) details of any conversion consistent with any mechanics specified in the applicable Pricing Supplement. For the purposes of this definition, a Trigger Event Notice shall be deemed to be delivered on a Business Day if it is received by the Trustee at its principal place of business and by the Issuing and Paying Agent and the Registrar at their respective specified offices during normal business hours;

Examples of Trigger Event Notice in a sentence

• By purchasing Notes, each Noteholder shall be deemed to have acknowledged that, following the occurrence of a Trigger Event, it shall not with effect from the date of the relevant Trigger Event Notice transfer or attempt to transfer its Notes until such time as any Write-off shall have been effected.

• The Trigger Event Notice (in the absence of manifest error) shall be irrevocable and binding on all parties.

• Furthermore, any such cancellation or write off will not constitute an Event of Default or any other breach of the Issuer's obligations under the Terms and Conditions of any Tier 2 Notes.A Trigger Event will occur when the Relevant Authority has notified the Issuer, by way of a Relevant Authority’s Trigger Event Notice, that it has determined that a "trigger event" as specified in the Regulatory Capital Requirements has occurred.

• Subject as provided in Condition 5.9, the number of Common Shares to be issued on Trigger Conversion in respect of each Preferred Security to be converted (the " Conversion Shares") shall be determined by dividing the Liquidation Preference of such Preferred Security by the Conversion Price in effect on the Trigger Event Notice Date.

• Prior to giving the Trigger Event Notice, the Issuer shall deliver to the Trustee a certificate signed by two Authorised Signatories of the Issuer stating that the Trigger Event has occurred and the Trustee shall accept such certificate without any further enquiry as sufficient evidence of such matters, in which event such certificate will be conclusive and binding on the Trustee and the Securityholders.

More Definitions of Trigger Event Notice

Trigger Event Notice means the notice referred to as such in Condition 6 which shall be given by the Issuer to the Holders, the Fiscal Agent, the Paying Agents and the Competent Authority, in accordance with Condition 6 and Condition 14 and which shall state with reasonable detail the nature of the relevant Trigger Event, the relevant Write Down being implemented, any Write Down Amount (if then known) and the basis of its calculation and the relevant Write Down Date;

Trigger Event Notice means a writing from Bank to Parent giving notice that a Trigger Event has occurred.

Trigger Event Notice means the notice referred to as such in Condition 6 which shall be given by the Issuer to the Noteholders, in accordance with Condition 13, the Trustee, the Registrar, the Principal Paying Agent and the PRA, and which shall state with reasonable detail (i) the nature of the relevant Trigger Event, (ii) the basis of its calculation, (iii) the prevailing Conversion Price, (iv) the relevant Conversion Date (which may be a date prior to or following the date of the Trigger Event Notice) and (v) details of the Conversion Shares Depositary,

Trigger Event Notice means the notice specifying that a Trigger Event has occurred, which shall be issued by the Issuer not more than two Business Days after the occurrence of a Trigger Event to the Securityholders in accordance with Condition 16(b), the Trustee and the Agents and which shall state with reasonable detail the nature of the relevant Trigger Event and specify the Trigger Event Write-off Amount per Capital Security to be Written-off. For the purpose of this definition, a Trigger Event Notice shall be deemed to be delivered on a business day if it is received by the Trustee at its principal place of business and by the Agents at their respective specified offices during normal business hours; and

Trigger Event Notice shall have the meaning given in Section 4.04.

Trigger Event Notice has the meaning given such term in Section 5.14.1.

Trigger Event Notice has the meaning assigned to such term in Section 3.04(a).