Written Down definition

Written Down means, in relation to a Security, the immediate and irrevocable termination of a Holder’s rights in relation to the Security in accordance with clause 4.3(a) or 4.3(b), and “Write Down” has a corresponding meaning.
View Source
Written Down means any reduction in the amount of the principal for Corporate Loans or Card Loans, as applicable, due to debt-equity swaps, exemptions, reduction of debt (Gamaek-Sonsil), valuation loss (Pyungga-Sonsil) and any other similar actions or events resulting in the loss of any principal on the Corporate Loans other than through provisioning of reserves with respect to the Corporate Loans; provided any Write-Down or Written-Down with respect to equity securities and convertible securities shall be calculated as set forth in the Appendix 7.
View Source

Examples of Written Down in a sentence

  • A Loss Absorption Event may occur on more than one occasion and the Bonds may be Written Down on more than one occasion.

  • If the Collateral Advisor elects to direct the Issuer to sell or otherwise dispose of any Defaulted Security, Written Down Security or Withholding Tax Security as described above, such Collateral Debt Security (or specified portion thereof) is required to be sold or otherwise disposed of within twelve (12) months following such election.

  • Any decision by the Collateral Advisor to sell or not to sell any Collateral Debt Security within five (5) Business Days of such Collateral Debt Security first becoming either a Defaulted Security or a Written Down Security or a Withholding Tax Security shall not thereafter be changed by the Collateral Advisor or the Issuer for any reason.

  • If the Collateral Advisor does not elect within such five (5) Business Days to direct the Issuer to sell or otherwise dispose of any Defaulted Security, Written Down Security or Withholding Tax Security, such Collateral Debt Security shall not be sold or otherwise disposed of and shall remain part of the Collateral.

  • If a dispute arises between you and us in relation to a Fee adjustment under clause 4(a), or the amount of the Written Down Value under clause 7(h), the parties must discuss in good faith to resolve the dispute.

  • If you dispute the amount of the Written Down Value you must notify us of such dispute within 30 days of receiving notification setting out the Written Down Value.

  • The Trustee will promptly notify the Issuer if the Collateral Manager has determined that (i) any Collateral Interest has become an Impaired Interest, a Deferred Interest ▇▇▇ ▇▇▇▇, a Credit Risk Interest or a Written Down Interest or (ii) the Trustee has received an Equity Interest in connection with any Collateral Interest.

  • The Trustee will promptly notify the Issuer if the Collateral Advisor has determined that (i) any Collateral Debt Security has become a Defaulted Security, a Deferred Interest ▇▇▇ ▇▇▇▇, a Credit Risk Security or a Written Down Security or (ii) the Trustee has received an Equity Security in connection with any Collateral Debt Security.

  • CBA undertakes to ASB that until the earlier of the date on which all the Securities are Redeemed or Written Down it will provide such co-operation and assistance to ASB as ASB reasonably requires in relation to any Exchange Step.

  • Table 1 summarises the current assets and values (CRC means Current Replacement Cost; WDV means Written Down Values).