Financial Undertakings Act definition

Financial Undertakings Act means Act No. 161/2002 on Financial Undertakings of Iceland (as amended).
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Financial Undertakings Act means the Financial Institutions Act of 10 April 2015, No. 17, as amended or replaced.
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Financial Undertakings Act means the Norwegian Act on Financial Undertakings and Financial Groups of 10 April 2015 no. 17 (as amended).
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Examples of Financial Undertakings Act in a sentence

  • The Covered Bonds are unsubordinated obligations issued in accordance with Act No. 17 of 10 April 2015 on Financial Undertakings and Financial Groups, Chapter 11, Sub-chapter II (the "Financial Undertakings Act") and appurtenant regulations and rank pari passu among themselves and with all other obligations of the Issuer that have been provided the same priority as debt instruments issued pursuant to the Financial Undertakings Act.

  • Section 301(f) of the VTL authorizes the Commissioner to promulgate regulations to implement a heavy duty vehicle inspection.

  • For so long as the Covered Bonds are outstanding, the value (as calculated in accordance with the Financial Undertakings Act and appurtenant regulations) of the Cover Pool entered into the Register with respect to the Covered Bonds shall at all times be a minimum of 102 per cent.

  • In accordance with the Financial Undertakings Act, the Bonds, together with any other assets as set out in Clause 3.2 (Status) which are registered in the Cover Pool Register at any time, shall in the event of bankruptcy, negotiation of debt under the Bankruptcy Act, winding up of the Issuer or public administration of the Issuer, have an exclusive, equal and proportional preferential claim over the Cover Pool.

  • The calculation shall establish the present value of the relevant claim, as duly discounted in accordance with the terms of the Financial Undertakings Act and the Financial Undertakings Regulations.

  • To the extent that claims in relation to the Covered Bonds, the VPS Covered Bonds and relating derivativecontracts are not met out of the assets of the Issuer that are covered in accordance with the Financial Undertakings Act, the residual claims will rank pari passu with the unsecured and unsubordinated obligations of the Issuer.

  • The Notes are covered bonds (obligasjoner med fortrinnsrett) issued by Eika Boligkreditt AS (the Issuer) in accordance with Chapter 11, Sub-chapter II of the Norwegian Financial Undertakings Act of 2015 (lov 10.

  • For so long as the VPS Covered Bonds are outstanding, the value (as calculated in accordance with the Financial Undertakings Act and appurtenant regulations) of the Cover Pool entered into the Register with respect to the VPS Covered Bonds and any Covered Bonds which are not VPS Covered Bonds shall at all times be a minimum of 102 per cent.

  • If at any time the Bonds are Written Down pursuant to Chapter 21 sub-chapter I of the Financial Undertakings Act, the Nominal Amount by which the Bonds are so written down pursuant to the Financial Undertakings Act shall not be reinstated (whether by way of Discretionary Reinstatement or otherwise) in any circumstances, and references herein to a Discretionary Reinstatement up to (or not exceeding) the Initial Nominal Amount shall be construed as the Nominal Amount following the Write Down.

  • Risks relating to the covered bonds Covered Bonds are obligations of the Issuer onlyThe Covered Bonds constitute obligations of the Issuer only, which have the benefit of a statutory preference under Chapter 11, Sub-chapter II of the Financial Undertakings Act in the Issuer Cover Pool.


More Definitions of Financial Undertakings Act

Financial Undertakings Act means Act No. 161/2002 on Financial Undertakings of
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Financial Undertakings Act means Act No. 161/2002 on Financial Undertakings of the Republic of Iceland;
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Related to Financial Undertakings Act

  • financial undertaking means any of the following entities:

  • group undertaking means the Company or another undertaking in the group;

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • public undertaking means any undertaking over which the public sector bodies may exercise directly or indirectly a dominant influence by virtue of their ownership of it, their financial participation therein, or the rules which govern it; for the purpose of this definition, a dominant influence on the part of the public sector bodies shall be presumed in any of the following cases in which those bodies, directly or indirectly:

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • Principal Underwriter shall have the meanings given them in the 1940 Act.

  • Disclosure Undertaking means the Issuer’s master undertaking to provide ongoing disclosure relating to certain obligations contained in the SEC Rule in connection with the general obligation notes of the Issuer issued after February 27, 2019, as implemented by Ordinance Number 50-933 of the Issuer.

  • Financial Agreement means an agreement that meets the

  • reporting issuer shall have the meaning set forth in Section 6.2.

  • Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or a Subsidiary thereof that are reasonably customary in non-recourse securitization transactions.

  • Advisers Act means the Investment Advisers Act of 1940, as amended.

  • the Companies Act means the Companies Act 1981 of Bermuda as may from time to time be amended;

  • Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date among Borrowers, as Applicant(s), and GE Capital, as issuer.

  • WHS Act means the Work Health and Safety (National Uniform Legislation) Act 2011 (NT) and includes subordinate legislation made under that Act including regulations and approved codes of practice as well as any amendment, re-enactment or replacement of such Act ; and

  • group of undertakings means a controlling undertaking and its controlled undertakings;

  • statutory undertaker means a person who is or is deemed to be a statutory undertaker for the purposes of any provision of Part 11 of the Town and Country Planning Act 1990.

  • Cayman Companies Act means the Companies Act (as revised) of the Cayman Islands.

  • Holding Company Act means the Public Utility Holding Company Act of 1935, as amended.

  • Companies Act means the Companies Act, 71 of 2008;

  • OHS Act means the Occupational Health and Safety Act 2004;

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Investment Advisers Act means the Investment Advisers Act of 1940, as amended.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.