Alignment Event definition

Alignment Event means, in respect of a Series of Senior Non-Preferred Notes, as a result of any change in, or amendment to, section 13(3) of the Danish Recovery and Resolution Act, CRD/CRR and/or BRRD (including any provision of Danish law transposing or implementing BRRD) and/or the legislation relating to the Debt Buffer Requirement (as applicable), at any time after the date of issue of the last Tranche of such Notes, Nykredit Realkredit would be able to issue an Eligible Liability that contains one or more provisions that are, in the reasonable opinion of Nykredit Realkredit, different in any material respect from those in the Conditions;
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Alignment Event means, in the opinion of the Issuer, that any modifications to the terms of the Notes are necessary to reflect the implementation, of or to enable the Senior Non-Preferred Notes to have the benefit of and be subject to, the Creditor Hierarchy Directive as implemented in the Relevant Jurisdiction, including (without limitation) (i) in connection with achieving the lower priority ranking contemplated by Article 108(2) of the BRRD in accordance with Condition 4(b) or (ii) for the purposes of achieving consistent ranking provisions with other Series of Senior Non- Preferred Notes;
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Alignment Event has the meaning assigned to such term in Condition 5 (Redemption and Purchase).
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Examples of Alignment Event in a sentence

  • For the avoidance of doubt, it is understood that, if, upon the occurrence of a Tax Event, Regulatory Event, Change in Progressive Capital Component Requirement or Alignment Event, the Issuer elects not to early redeem the Notes pursuant to this Condition 5, nothing in this Condition 5 shall prohibit the Issuer from redeeming any other instruments issued by any member of the Group pursuant to the terms thereof.


More Definitions of Alignment Event

Alignment Event has the meaning assigned to such term in Condition 5.
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Alignment Event means, in respect of a Series of Notes, as a result of the implementation of the Senior Ranking Amendment Legislation and/or any change in, or amendment to, the Senior Ranking Amendment Legislation and/or CRD IV and/or BRRD (including any provision of Danish law transposing or implementing BRRD) and/or the legislation relating to the Debt Buffer Requirement (as applicable), at any time after the date of issue of the last Tranche of Notes, the Issuer would be able to issue an Eligible Liabilitythat contains one or more provisions that are, in the reasonable opinion of the Issuer, different in any material respect from those in the Conditions;
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Alignment Event means, in respect of a Series of Notes, as a result of the implementation of the Senior Ranking Amendment Legislation and/or any change in, or amendment to, the Senior Ranking Amendment Legislation and/or CRD IV and/or BRRD (including any provision of Danish law transposing or implementing BRRD) and/or the legislation relating to the Debt Buffer Requirement (as applicable), at any time after the date of issue of the last Tranche of Notes, the Issuer would be able to issue an Eligible Liability
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Alignment Event has the meaning assigned to such term in Condition 11 (Substitution and Amendment).
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Alignment Event is deemed to have occurred if there is a change in or amendment to, the Applicable TLAC/MREL Regulations, or any change in the application or interpretation thereof, that results in the requirements of unsubordinated and unsecured instruments qualifying as senior non preferred obligations (créditos ordinarios no preferentes) under Additional Provision 14.2º of Law 11/2015, as amended or superseded from time to time, or qualifying as TLAC/MREL-Eligible Instruments being different in any respect from the terms and conditions of the Senior Non Preferred Notes of any of the series issued. Further, an Alignment Event will be deemed to have occurred if as a result of the relevant change or amendment, only securities issued on or following a certain date which is after the issue date of the Senior Non Preferred Notes may qualify as unsubordinated and unsecured senior non preferred obligations (créditos ordinarios no preferentes) of the Company under Additional Provision 14.2º of Law 11/2015, as amended or superseded from time to time.
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Alignment Event means, at any time on or after the Closing Date, a change in, or amendment to, the Applicable Banking Regulations (including, for the avoidance of doubt, Applicable MREL Regulations), or any change in the application or interpretation thereof, that results in the requirements for an instrument to qualify as Additional Tier 1 Capital and/or to comply with MREL Requirements being different in any respect from the Conditions, provided that if an event or circumstance which would otherwise constitute an Alignment Event also constitutes a Capital Event or an Eligible Liabilities Event, it will be treated as a Capital Event or as an Eligible Liabilities Event and will not constitute an Alignment Event;
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Related to Alignment Event

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Significant Event means any Amortization Event or Event of Default.

  • Relevant Event means any Termination Event or any event which with the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event;

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Enforcement Event means an Event of Default.

  • Potential Adjustment Event means any of the following:

  • Adjustment Event means each of the following events:

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Adjustment Events (A) the Partnership makes a distribution on all outstanding OP Units in Partnership Units, (B) the Partnership subdivides the outstanding OP Units into a greater number of units or combines the outstanding OP Units into a smaller number of units, or (C) the Partnership issues any Partnership Units in exchange for its outstanding OP Units by way of a reclassification or recapitalization of its OP Units. If more than one Adjustment Event occurs, the adjustment to the Class B Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment Events occurred simultaneously. For the avoidance of doubt, the following events shall not be Adjustment Events: (x) the issuance of Partnership Units in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Partnership Units pursuant to any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any Partnership Units in respect of a capital contribution to the Partnership, including a contribution by the General Partner of proceeds from the sale of securities by the General Partner. If the Partnership takes an action affecting the OP Units other than actions specifically described above as Adjustment Events and, in the opinion of the General Partner such action would require an adjustment to the Class B Units to maintain the one-to-one correspondence described above, the General Partner shall have the right to make such adjustment to the Class B Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances. If an adjustment is made to the Class B Units as herein provided, the Partnership shall promptly file in the books and records of the Partnership an officer’s certificate setting forth such adjustment and a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly after the filing of such certificate, the Partnership shall mail a notice to each holder of Class B Units setting forth the adjustment to his, her or its Class B Units and the effective date of such adjustment.

  • Put Event means the occurrence of any of the following:

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Banquet Event Order or “BEO” means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. BEO’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.

  • Knock-out Event means the event as defined in §4(4).

  • Default Event means the occurrence of any of the following events: