Examples of UK Bail-in Powers in a sentence
Neither a reduction or cancellation, in part or in full, of the Amounts Due, 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 Powers by the Relevant UK Resolution Authority with respect to the Issuer, nor the exercise of the UK Bail-in Powers by the Relevant UK Resolution Authority with respect to the Securities, will constitute a default for any purpose.
Any delay or failure by the Issuer in delivering any notice referred to in this Condition 18 shall neither affect the validity and enforceability of the UK Bail-in Powers nor constitute a default by the Issuer for any purpose.
Upon the exercise of the UK Bail-in Powers by the Relevant UK Resolution Authority with respect to the Securities, the Issuer shall notify the Trustee and the Agents as soon as practicable regarding such exercise and will provide a written notice to the Holders in accordance with Condition 15 as soon as practicable regarding such exercise of the UK Bail-in Powers.