Write-Down definition
Write-Down means the direct reduction of the carrying amount of a loan on the balance sheet due to its impairment;
Write-Down means, with reference to these Notes, a reduction of the Outstanding Principal Amount of each Note by the relevant Write-Down Amount in accordance with Condition 6 (Loss Absorption following a Trigger Event) and “written down” shall be construed accordingly.
Write-Down means the write down of the Outstanding Nominal Value of each Additional Tier 1 Temporary Write-Down Note (in whole or in part, as applicable) by writing down such Outstanding Nominal Value (in whole or in part, as applicable) in accordance with the Write Down Procedure.
Examples of Write-Down in a sentence
To the extent that any portion of a Portfolio Investment is subject to a Write-Down, the Borrower shall promptly notify the Lender of the same and shall provide to the Lender the value of such Portfolio Investment on the books of the Borrower (the “Write-Down Valuation”).
To the extent of any discrepancy in the value of any Portfolio Investment between the most recent Internal Valuation or the Write-Down Valuation, the most recent valuation shall be used for purposes of calculating the Borrowing Base.
More Definitions of Write-Down
Write-Down means the write down of the total Nominal Amount of all Bonds in an amount of SEK 365,000,064 made in connection with the Amendment Date, pursuant to which the Nominal Amount of each Bond is written down pro rata (rounded down to the nearest SEK).
Write-Down means a determination by the Manager for a particular Note Investment or other Company investment (which determination has been verified by the Company’s accountants as being in conformity with generally accepted accounting principles) that the fair market value of the investment at the time the determination is made is less than the amount actually paid or allocated to the purchase of the investment, which determination shall be made by the Company and its accountants within thirty (30) days of the end of each calendar quarter and any Write-down shall be effective on the last day of the relevant calendar quarter during the term of this Agreement.
Write-Down means, in respect of a Series of Additional Tier 1 Notes, a write down of the Outstanding Principal Amount of the Additional Tier 1 Notes of such Series (in whole or in part, as applicable) in accordance with the Write Down Procedure;
Write-Down means, in relation to a Series:
Write-Down has the meaning set forth in Section 13.02.
Write-Down means the write-down power referred to in Article 57(2) of the BRR Act 2015 and in point (6) of Article 61(1) of the BRR Act 2015.
Write-Down means the amount by which the Liquidation Amount is less than the corresponding Investment.