Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 374b of the Czech Insolvency Act implementing Article 108(2) BRRD and any other obligations of the Issuer which, to the extent permitted by Czech law, rank or are expressed to rank pari passu with the Non-Preferred Senior Instruments of the Issuer.
Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 32 of the Credit Institutions and Investment Firms Resolution Act and any other obligations of the Issuer which, to the extent permitted by Croatian law, rank or are expressed to rank pari passu with the Non-Preferred Senior Instruments of the Issuer.
Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 131(3) no. 1 to no. 3 BaSAG implementing Article 108(2) BRRD and any other obligations of the Issuer which, to the extent permitted by Austrian law, rank or are expressed to rank pari passu with the Non-Preferred Senior Instruments of the Issuer.][The following shall only be applicable for Non-Preferred Senior Notes issued by BCR:
Examples of Non-Preferred Senior Instruments in a sentence
Accordingly, Noteholders of Non-Preferred Senior Instruments have an increased likelihood of being subject to the risks arising from resolution measures and, therefore may lose all of their investment, including the principal amount plus any accrued interest.
In the case of Non-Preferred Senior Instruments and Tier 2 Instruments only, and notwithstanding the foregoing, the obligation to pay additional amounts by the Bank will be limited to payments of interest only.
More Definitions of Non-Preferred Senior Instruments
Non-Preferred Senior Instruments means debt instruments of the Issuer which fall or are expressed to fall within the category of unsecured claims as described in § 131(3)(1) to (3) BaSAG.]
Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 131(3) no. 1 to no. 3 BaSAG implementing Article 108(2) BRRD and any other obligations of the Issuer which, to the extent permitted by Austrian law, rank or are expressed to rank pari passu with the Non-Preferred Senior Instruments of the Issuer.(2) No Set-off/Netting, No Security/Guarantee and No Enhancement of Seniority. The Notes are not subject to any set off arrangements or netting rights that would undermine their capacity to absorb losses in resolution.The Notes are neither secured, nor subject to any guarantee or any other arrangement that enhances the seniority of the claims under the Notes.(3) Subsequent Modifications of the Ranking and the Term as well as any Notice Periods. No subsequentagreement may modify the ranking of the Notes or shorten the term of the Notes or any applicable notice period.(4) Note on the possibility of statutory resolution measures. Prior to any insolvency proceedings (Konkursverfahren) or liquidation of the Issuer, under the Applicable Supervisory Regulations, the competent Resolution Authority may write down (including to zero) the obligations of the Issuer under the Notes, convert them into shares or other instruments of ownership of the Issuer, in each case in whole or in part, or apply any other resolution measure, including (but not limited to) any deferral of the obligations, any transfer of the obligations to another entity, an amendment of the Terms and Conditions or a cancellation of the Notes. INTEREST
Non-Preferred Senior Instruments means obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 131
Non-Preferred Senior Instruments means obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 131(3) no. 1 to no. 3 BaSAG.Limitations of rightsEarly Redemption for Reasons of TaxationThe Notes will be redeemed at the option of the Issuer in whole, but not in part, at any time on giving not less than 30 Business Days' nor more than 90 Business Days' prior notice of redemption, if on the next succeeding interest payment date, the Issuer will become obliged to pay additional amounts as a result of any change in, or amendment to, the laws or regulations of the Republic Austria or of any political subdivision or taxing authority thereof or therein, or as a result of any change in, or amendment to, an official interpretation or application of such laws or regulations.Early redemption for regulatory reasonsSubject to the relevant provisions set out in the General Conditions of the Notes the Notes may be redeemed, in whole but not in part, at the option of the Issuer, within the specified notice period at the Early Redemption Amount together with interest (if any) accrued to the date fixed for redemption (exclusive) following an MREL Disqualification Event.Where:
Non-Preferred Senior Instruments means obligations of the Issuer which fall or are expressed to
Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 131 (3) no. 1 to no. 3 BaSAG implementing Article 108 (2) BRRD and any other
Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in point b) Article 57 (1b) of the Banking Act and