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).
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).
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;

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 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).
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

Related to Asset Redenomination Event

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate:

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

  • Amortization Event has the meaning specified in Article IX.

  • 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)(iii) of this Agreement.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • 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.

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