Traduction de «dette représentée par un titre » (Français → Anglais) :

The senior debt financing provided under the Debt Instrument shall not exceed 50 % of the total amount of the overall senior debt financing provided by the entrusted entity or the dedicated investment vehicle.

2. When applying the write down or conversion powers, resolution authorities shall allocate the losses represented by the sum of the amounts referred to in points (b) and (c) of Article 47(3) equally between shares or other instruments of ownership and eligible liabilities of the same rank by reducing the principal amount of, or outstanding amount payable in respect of, those shares or other instruments of ownership and eligible liabilities to the same extent pro rata to their value except where a different allocation of losses amongst liabilities of the same rank is allowed in the circumstances specified in Article 44(3).

If a province simply converts assets under the ground into, say, debt reduction or retiring of outside provincial securities, then the revenues are not a source of fiscal capacity and would not then be equalized.

a government guarantee that all CFF debt represented by securities would be honoured in terms of principal and interest over the whole maturity range; and

The Business Corporations Act of Alberta provides that directors are jointly and severally liable to employees of the corporation for all debts not exceeding six months' wages payable to each employee for services performed for the corporation while they were directors (< 34> ) A director will not be liable for wages if he or she believes on reasonable grounds that the corporation can pay the debts as they become due; or if the debts are wages payable for services performed while the corporation is under the control of a receiver or a liquidator (< 35> )

Those economies are in far greater difficulty than are we because they have never accumulated pay-as-you-go retirement system debt, both in the national schemes and in the public service schemes.