Automatic Redesignation Event. Upon the occurrence of an Automatic Redesignation Event, the then existing Covered Debt shall automatically cease to be the Covered Debt and the Exchange Debt shall automatically become the Covered Debt.
Appears in 5 contracts
Samples: Replacement Capital Covenant (Hartford Financial Services Group Inc/De), Replacement Capital Covenant (American International Group Inc), Replacement Capital Covenant (American International Group Inc)
Automatic Redesignation Event. Upon the occurrence of an Automatic Redesignation Event, the then then-existing Covered Debt shall automatically cease to be the Covered Debt and the Exchange Debt shall automatically become the Covered Debt.
Appears in 1 contract
