Non-Viability Event means the earlier of:
Non-Viability Event means the determination by the BRSA that, upon the incurrence of a loss by the Issuer (on a consolidated or non-consolidated basis), the Issuer has become, or it is probable that the Issuer will become, Non-Viable,
Non-Viability Event means that the Regulator has notified the Issuer in writing that it has determined that the Issuer has, or will, become Non-Viable without:
Examples of Non-Viability Event in a sentence
The occurrence of a Trigger Event, a Non-Viability Event or any Write-Down will not constitute an event of default or the occurrence of any event related to the bankruptcy or insolvency of the Issuer or entitle Noteholders to take any action to cause the Issuer to be declared bankrupt or insolvent or for the dissolution, winding-up or liquidation of the Issuer.
Following the occurrence of a Trigger Event or a Non-Viability Event and until such time as the relevant Write-Down has been effected, the Issuer shall not be entitled to give any notice of redemption pursuant to Condition 8.2, 8.3 or 8.4 or a notice of substitution or variation pursuant to Condition 8.5.
More Definitions of Non-Viability Event
Non-Viability Event means that the Financial Regulator has informed the Bank in writing that it has determined that a Trigger Event has occurred;
Non-Viability Event means that the Financial Regulator has notified the Bank in writing that it has determined that the Bank is, or will become, Non-Viable without:
Non-Viability Event has the meaning set forth in Section 13.01.
Non-Viability Event means the earliest of the following:
Non-Viability Event means when APRA: (i) issues a written notice to us that it is necessary that Relevant Tier 1 Securities (including the Securities) be subject to Loss Absorption because, without such Loss Absorption, APRA considers that we would become non-viable; or (ii) notifies MBL in writing that it has determined that, without a public sector injection of capital or equivalent support, MBL would become non-viable;
Non-Viability Event means that:
Non-Viability Event means the occurrence of the earlier of either: