Examples of MREL Disqualification Event in a sentence
If at any time a MREL Disqualification Event occurs, and/or in order to ensure or maintain the effectiveness and enforceability of § 11 of the General Conditions, the Issuer may, without any consent or approval of the Security Holders, at any time vary the Terms and Conditions of the Securities in such a way that the Securities remain or, as appropriate, become, Qualifying Securities (the "Variation").
If they are not MREL eligible liabilities (or if they initially are MREL eligible liabilities and subsequently become ineligible due to a change MREL Requirements), then a MREL Disqualification Event will occur, if so specified in the relevant Final Terms.
A MREL Disqualification Event shall be deemed to have occurred if, by reason of the introduction of, or a change in, the MREL Requirements, which was not reasonably foreseeable by the Issuer at the Issue Date of the Senior Preferred Notes, all or part of the aggregate outstanding nominal amount of such Series of Senior Preferred Notes are or will be excluded fully or partially from the liabilities that are eligible to meet the MREL Requirements.
Due to the heavy load of designing and developing process of this inventory, the rate at which new content can be integrated is very low.
Senior Preferred Notes could be subject to redemption following a MREL Disqualification Event If so specified in the Final Terms, if at any time a MREL Disqualification Event occurs and is continuing in relation to any Series of Senior Preferred Notes, the Issuer may redeem all, but not some only, the Notes of such Series at the Early Redemption Amount set out in the applicable Final Terms, together with any outstanding interest.