Examples of UK Bail in a sentence
It is the intention of the Issuer and the Trustee that the Issuer’s obligations to indemnify the Trustee and the Agent in accordance with Section 6.07 of the Base Indenture (for the avoidance of doubt, as amended by Section 4.01 of the second supplemental indenture dated May 25, 2016) shall survive any exercise of the UK Bail in Power by the Relevant UK Resolution Authority.
The exercise of any U.K. Bail- in Power with respect to the notes will not be a default or an Event of Default (as each term is defined in the senior debt securities indenture relating to the notes).
It is the intention of the Issuer and the Trustee that the Issuer’s obligations to indemnify the Trustee in accordance with Section 6.07 of the Second Supplemental Indenture shall survive any exercise of the UK Bail in Power by the Relevant UK Resolution Authority.
Neither a reduction or cancellation, in part or in full, of the Amounts Due or the conversion thereof into another security or obligation of the Issuer or another person, as a result of the exercise of the UK Bail- in Power by the Resolution Authority with respect to the Issuer, nor the exercise of the UK Bail-in Power by the Resolution Authority with respect to the Notes will constitute a default for any purpose (whether under the Notes or otherwise).
Creating a positive environment means recognizing and unleashing the power of diversity.
In addition, under the terms of the Relevant Securities, the exercise of the UK Bail- in Power by the relevant UK resolution authority with respect to the RelevantSecurities is not an Event of Default (as defined in the terms and conditions of the Securities).
For avoidance of doubt, any delay or failure by the Issuer in delivering any notice or public notice referred to in this Condition 16(3) shall not affect the validity and enforceability of the UK Bail- in Power.
We further consider it can laid down in the Bail Act that a defendant or detainee may be required to comply with requirements imposed for the purpose of securing the 40 Vide, for instance, section 31 of the New Zealand Bail Act 2000, section 11 of the South Australia Bail Act 1985, and section 3 UK Bail Act 1976.
No repayment of the principal amount of the Debt Instruments or payment of interest on the Debt Instruments shall become due and payable after the exercise of any UK Bail- in Power by the Relevant UK Resolution Authority unless, such repayment or payment would be permitted to be made by the Issuer under the laws and regulations of the United Kingdom and the European Union applicable to the Issuer.
See “Consent to U.K. Bail- in Power” on page PS-7 of this document.