Payout Event Sample Clauses

Payout Event. Upon the Home DGS becoming aware that a relevant administrative authority has made a determination as referred to in point (8)(a) of Article 2(1) of Directive 2014/49/EU or a judicial authority has made a ruling as referred to in point (8)(b) of Article 2(1) of that Directive in respect of a DGS’s Member Institution having branches in another Member State, the Home DGS shall immediately notify, by any available means, the Host DGS and, in addition, where the Host DGS is not the Host Designated Authority, the Host Designated Authority, that the unavailability of deposits has been determined and the identity of the affected Member Institution and the Relevant Branch. The notification shall also include: - general information about the Member Institution in relation to which the determination of unavailability of depositors or the ruling referred to in previous paragraph has been made, - the currency of repayment, - an estimate of the magnitude of the amount of the expected payout, including the number of covered deposits and the number of eligible depositors in the branch, and - any other general information the Home DGS considers useful for the Host DGS in preparation for the payout. In addition, the Home DGS shall update the Host DGS with any information it may consider relevant for the payout on an ongoing basis. Unless otherwise agreed and specified within Bilateral-Spec., the Parties shall follow as closely as possible the process prescribed in H2C Rulebook for the prior notification of a Payout Event.
Sample 1Sample 2
AutoNDA by SimpleDocs
Payout Event. A “Payout Event” (as defined in the Pooling & Servicing Agreement or in the 1996-1 Supplement to the Pooling & Servicing Agreement or the 2001-1 Supplement to the Pooling & Servicing Agreement including the occurrence of a Series 0000-0 Xxx-Xxx-Xxxxx or a Series 0000-0 Xxx-Xxx-Xxxxx, under Section 7 of the respective supplement, or any future supplement to the Pooling and Servicing Agreement) shall have occurred with 85 respect to the 1996-1 Certificates or any other Receivables Program Certificates, whether or not the occurrence or continuance of such Payout Event has been waived; or a payout event or similar event (however characterized) shall have occurred with respect to any Receivables Financing Transaction entitling the lenders or purchasers thereunder to stop lending against or purchasing Receivables Assets.
Sample 1
Payout Event. The balance credited to the Deferred Compensation ------------ Account maintained for each Participant shall become distributable upon the occurrence of any payout event listed in this Section 7.1 which the Participant selects pursuant to his or her Distribution Election. The Participant must file his or her initial Distribution Election with the Plan Administrator within thirty (30) days after his or her selection for participation in the Plan. The Participant may change the elected payout event at any time by filing a new Distribution Election with the Plan Administrator; provided, however, that the new election shall not be effective if the Distribution Election is filed with the Plan Administrator within two (2) years prior to the actual occurrences of the selected payout event. The applicable payout events under the Plan shall be as follows: - termination of employment for any reason, including death or Disability. - attainment of the age specified by the Participant in his or her Distribution Election. - expiration of the period of years (not to exceed twenty (20) years) specified by the Participant in his or her Distribution Election. - the earlier of (i) the Participant's attainment of the age ------- specified in his or her Distribution Election, or (ii) the Participant's termination of employment. - the later of (i) the Participant's attainment of the age ----- specified by the Participant in his or her Distribution Election, or (ii) the Participant's termination of employment. - In no event may the Participant designate an attained age beyond age seventy (70)
Sample 1
Payout Event. If there is a Change in Control on or after the Commencement Date, and, at any time during the Applicable Period, the Executive's employment is involuntarily terminated by B&HB without Cause (as defined in Section 1.3) or by Executive for Good Reason (as defined under Section 1.4), the Bank shall, within 14 days following receipt of the executed and non-revoked Separation Agreement and Release described below, pay to the Executive a lump sum cash payment equal to:
Sample 1
Payout Event. Xxxxxxx, without waiving any contractual rights afforded elsewhere in this Agreement, shall be entitled to the full and complete rights afforded by this Section 7 if, during the Term, or prior to termination of this Agreement under Section 4.1 or 4.4, whichever is applicable, or during the six month period immediately following the expiration of the Term or the termination of this Agreement under Section 4.1 or 4.4, whichever is applicable, the Closing Date of a Change in Control event occurs.
Sample 1

Related to Payout Event

  • Change of Control Triggering Event (a) If a Change of Control Triggering Event occurs, unless the Company has exercised its option to redeem the Offered Securities, it shall be required to make an offer (a “Change of Control Offer”) to each Holder of the Offered Securities to repurchase, at the Holder’s election, all or any part (equal to $1,000 or an integral multiple of $1,000 in excess thereof) of that Holder’s Offered Securities on the terms set forth herein. In a Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Offered Securities repurchased, plus accrued and unpaid interest, if any, on the Offered Securities repurchased to the date of repurchase (a “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control, but after public announcement of the transaction that constitutes or may constitute the Change of Control, a notice shall be mailed to the Trustee and to the Holders of the Offered Securities describing in reasonable detail the transaction that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase such Offered Securities on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (a “Change of Control Payment Date”). The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date.

  • Change in Control For purposes of this Agreement, a "Change in Control" shall mean any of the following events:

  • Change of Control There occurs any Change of Control; or

  • Subsequent Events If, at any time on or after an Applicable Time but prior to the related Settlement Date, any event occurs as a result of which the Registration Statement or Prospectus would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in the light of the circumstances under which they were made or the circumstances then prevailing not misleading, the Company will (i) notify promptly the Manager so that any use of the Registration Statement or Prospectus may cease until such are amended or supplemented; (ii) amend or supplement the Registration Statement or Prospectus to correct such statement or omission; and (iii) supply any amendment or supplement to the Manager in such quantities as the Manager may reasonably request.

  • Servicer Termination Event For purposes of this Agreement, each of the following shall constitute a “Servicer Termination Event”:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!