Enforcement Events. (a) Any one or more of the following events shall constitute an Enforcement Event:
Enforcement Events. Each of the following events is an “Enforcement Event” with respect to the Preferred Securities: (i) the breach of any term, obligation or condition binding on the Company under the Preferred Securities (other than any of the Company’s payment obligations under or arising from the Preferred Securities, including payment of any Liquidation Preference (and premium, if any), Distributions or Additional Amounts (including upon a Capital Reduction), payment of the Redemption Price or payment of any damages awarded for breach of any obligations)) (a “Performance Obligation”); or (ii) the occurrence of any voluntary or involuntary liquidation or winding-up of the Company (a “Liquidation Event”). Neither the exercise of the Spanish Bail-in Power nor the exercise of any other resolution tool by the Relevant Spanish Resolution Authority or any action in compliance therewith shall constitute an Enforcement Event or other default under the terms of the Preferred Securities or the Indenture.
Enforcement Events. There will be no events of default in respect of the Notes. However, each Note shall become immediately due and payable at its principal amount, together with accrued interest thereon, if any, to the date of payment and any Arrears of Interest in the case of the liquidation of the Issuer. Liquidation may occur as a result of the winding-up of the Issuer (ontbinding en vereffening), bankruptcy (faillissement) of the Issuer, the moratorium(surseance van betaling) being applied to the Is xxxx or Resolution of the Issuer, in either case, if that constitutes a liquidation.
Enforcement Events. (a) If a Non-payment Event occurs, then the Trustee, on behalf of the Holders of the Notes, may, at its discretion, or shall at the direction of Holders of 25% of the aggregate principal amount of outstanding Notes, subject to any applicable laws, institute proceedings for the bankruptcy of the Company and/or prove in any bankruptcy (or other insolvency proceedings) of the Company in respect of any payment or delivery, as the case may be, obligations of the Company arising under the Notes, but may take no other action in respect of such Non-payment Event.
Enforcement Events. If one or more of the following events (each, an “Enforcement Event” and, collectively, the “Enforcement Events”) shall have occurred and be continuing:
Enforcement Events. The term “Enforcement Event” whenever used herein means any one of the following events:
Enforcement Events. Any security will be enforceable in the event that any sum in principal, interest or otherwise which is due and payable under this Agreement (subject to the provisions of the Subordination Agreement and the LuxCo Subordination Agreement) remains unpaid at its due date after any applicable grace period or following an acceleration under this Agreement.
Enforcement Events. 7.1 The Securities shall become enforceable if an event of default has occurred.
Enforcement Events. The following events or circumstances (each an Enforcement Event) shall constitute enforcement events in relation to the Notes:
Enforcement Events. 7.1 The security created by this deed shall become enforceable if any of the following events occurs:
