Write Down Event definition

Write Down Event means any of the following events:

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of Gazprombank is less than 2 per cent. as of a CBR Reporting Date or (b) the Agency on Deposit Insurance implements bankruptcy prevention measures in relation to Gazprombank in accordance with Federal Law No. 175-FZ “On the additional measures on strengthening the stability of the banking system in the period until 31 December 2014” dated 27 October 2008 (as amended or supplemented).

Write Down Event means either a Contingency Event or a Viability Event.

Examples of Write Down Event in a sentence

• The Trustee shall have no responsibility for, or liability or obligation in respect of, any loss, claim or demand incurred as a result of or in connection with a Write Down Event or any consequent cancellation of the Notes or write down or cancellation of any claims in respect thereof, and the Trustee shall not be responsible for any calculation or determination or verification of any calculation or determination in connection with the same.

• Table of Contents8.3Consequences of a Write Down Measure A Write Down Event may occur on more than one occasion and the interest on the Loan may be Cancelled and the principal amount of the Loan may be Written Down on more than one occasion.

• Neither the Trustee nor any Agent shall have any responsibility for, or liability or obligation in respect of, any loss, claim or demand incurred as a result of or in connection with a Write Down Event or any consequent cancellation of the Notes or write down of any claims in respect thereof, and neither the Trustee nor the Agents shall be responsible for any monitoring or calculation or determination or the verification of any calculation or determination in connection with the same.

• No interest shall accrue from the Write Down Event Date and as long as a Write Down Event(s) is(are) continuing.In such circumstances the Issuer shall have no right to any such cancelled interest.

• Neither the Trustee nor any Agent shall have any responsibility for, or liability or obligation in respect of, any loss, claim or demand incurred as a result of or in connection with a Write Down Event or any consequent cancellation of the Notes or write down of any claims in respect thereof, and neither the Trustee nor the Agents shall be responsible for any calculation or determination or the verification of any calculation or determination in connection with the same.

More Definitions of Write Down Event

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Borrower receives notice from the Agency for Deposit Insurance that the Agency for Deposit Insurance has taken a decision to implement in relation to the Borrower a bankruptcy prevention plan approved by the CBR which includes the implementation of any of the bankruptcy prevention measures set out in sub-paragraphs 3) and 4) of paragraph 1 of Article 2 of the Banking System Stability Law (each such measure being a “Bankruptcy Prevention Measure”, and the receipt by the Borrower of such notice being the “Agency Trigger”);

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. (the "Capital Trigger"), or (b) the Agency for Deposit Insurance of the Russian Federation implements bankruptcy prevention measures in relation to the Borrower in accordance with Federal Law No. 175-FZ "On the additional measures on strengthening the stability of the banking system in the period until 31 December 2014" dated 27 October 2008 (as amended or supplemented) (the "Agency Trigger").

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of Sberbank is less than 2 per cent. as of a CBR Reporting Date or (b) Sberbank receives notice from the Agency on Deposit Insurance that the Agency on Deposit Insurance has taken a decision to implement in relation to Sberbank a bankruptcy prevention plan approved by the CBR which includes the implementation of any of the bankruptcy prevention measures set out in sub-paragraphs 3) and 4) of paragraph 1 of Article 2 of the Banking System Stability Law (each such measure being a "Bankruptcy Prevention Measure", and the receipt by Sberbank of such notice being the "Agency Trigger").

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Agency for Deposit Insurance implements bankruptcy prevention measures in relation to the Borrower in accordance with the Banking System Stability Law.

Write Down Event means either of the following: (i) the Base Capital Adequacy Ratio of the Borrower determined by the Borrower pursuant to Instruction No. 180-I is less than 2 per cent. for six or more banking days in aggregate during any consecutive 30-banking days' period (such event being the "Capital Trigger"); or (ii) the Board of Directors of the CBR approves a plan for participation of the CBR in bankruptcy prevention measures in respect of the Borrower or the Banking Supervision Committee of the CBR (or, in the circumstances set out in article 189.49 of the Insolvency Law ("Article 189.49"), also the Board of Directors of the CBR) approves a plan for participation of the Agency for Deposit Insurance in bankruptcy prevention measures in respect of the Borrower contemplating provision by the CBR or the Agency for Deposit Insurance of financial assistance in accordance with Article 189.49 (each such measure being a "Bankruptcy Prevention Measure", and approval by the Banking Supervision Committee of the CBR or the Board of Directors of the CBR of such plan for participation of the CBR or the Agency for Deposit Insurance (the "Plan") being the "Agency Trigger").

Write Down Event means either of the following: (a) the Base Capital Adequacy Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Agency on Deposit Insurance implements bankruptcy prevention measures in relation to the Borrower in accordance with Federal Law No. 175-FZ "On the additionalmeasures on strengthening the stability of the banking system in the period until 31 December 2014" dated 27 October 2008 (as amended or supplemented).

Write Down Event means either of the following: (a) the Common Equity Tier 1 Capital Ratio of the Borrower is less than 2 per cent. as of a CBR Reporting Date or (b) the Borrower receives a notification from the Agency on Deposit Insurance of its decision to implement in relation to the Borrower a bankruptcy prevention plan approved by the CBR which entails the implementation of the Bankruptcy Prevention Measures (the “Agency Trigger”).