Asset Redenomination Event definition

Asset Redenomination Event means an event by which, due to the adoption of, or any change in, any applicable law or regulation after the Issue Date or, if later, the date on which the relevant assets became Initial Assets in respect of the Notes: (i) any Asset Payment that would otherwise be denominated in the currency in which such Asset Payment is expressed pursuant to the Asset Conditions ceases to be denominated in such currency; or (ii) it would be unlawful, impossible or impracticable (in each case, as determined by the Calculation Agent) for the Asset Issuer to pay, or the Issuer to receive, such Asset Payment in such currency (including if precluded by exchange controls or other similar restrictions on payment or receipt of such amounts).
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Asset Redenomination Event unless specified as not applicable, an Asset Redenomination Event, the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date;
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Asset Redenomination Event means, at any time after the Issue Date, an event by which: (i) a payment of any amount due under the Principal Assets ceases, for any reason, to be denominated in the currency in which such payment was expressed to be payable in accordance with the conditions of such Principal Assets as at the Issue Date; or (ii) it would be unlawful, impossible or impracticable (in each case, as determined by the Calculation Agent) for the Asset Issuer to pay, or the Issuer or the Swap Counterparty to receive, such payment in such currency (including if precluded by exchange controls or other similar restrictions on payment or receipt of such amounts).
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Examples of Asset Redenomination Event in a sentence

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.


More Definitions of Asset Redenomination Event

Asset Redenomination Event means, at any time after the Issue Date of the first Tranche of a Series, an event by which: (i) a payment of any amount due under the Principal Assets ceases, for any reason, to be denominated in the currency in which such payment was expressed to be payable in accordance with the conditions of such Principal Assets as at the Issue Date of the first Tranche of the relevant Series; or
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Asset Redenomination Event means an event by which, due to the adoption of, or any change in, any applicable law or regulation after the Issue Date or, if later, the date on which the relevant assets became Initial Assets in respect of the Notes: (i) any Asset Payment that would otherwise be denominated in the currency in which such Asset Payment is expressed pursuant to the Asset Conditions ceases to be denominated in such currency; or (ii) it would be unlawful, impossible or impracticable (in each case, as determined by the Calculation Agent acting in good faith and a commercially reasonable manner) for the Asset Issuer to pay, or the Issuer to receive, such Asset Payment in such currency (including if precluded by exchange controls or other similar restrictions on payment or receipt of such amounts).
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Related to Asset Redenomination Event

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Automatic Early Redemption Event means that:

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(ii) of the Agreement.

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Exempted Fundamental Change means any Fundamental Change with respect to which, in accordance with Section 4.02(I), the Company does not offer to repurchase any Notes.

  • Redemption Event has the meaning set forth in Section 3.4.

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Make-Whole Fundamental Change means any transaction or event that constitutes a Fundamental Change (as defined above and determined after giving effect to any exceptions to or exclusions from such definition, but without regard to the proviso in clause (b) of the definition thereof).