Automatic Early Termination Event definition

Automatic Early Termination Event means any event set forth in Regulation 203(h) to Regulation 203(o) which satisfies certain criteria (including but not limited to thejurisdiction of incorporation of a Clearing Member) that may from time to time be published by the Clearing House in a circular to Clearing Members.
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Automatic Early Termination Event means an Automatic Early Termination Event (Floor);
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Automatic Early Termination Event. (Performance Trigger)" has the meaning set forth in paragraph 2 (Automatic Early Termination) of the Annex to Contractual Terms (Special Terms and Conditions);
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Examples of Automatic Early Termination Event in a sentence

  • Where the specific event that triggers the Automatic Early Termination Event is not linked to the date of insolvency of the SA Collateral Provider (for example, the trigger event is the exceeding of assets by liabilities) the clause in the Master Agreement which provides for such Automatic Early Termination will be enforceable under South African law.

  • Unless previously exercised or purchased and cancelled, if the Determination Agent determines that an Automatic Early Termination Event (Floor) has occurred on an Observation Valuation Date (the Observation Valuation Date on which an Automatic Early Termination Event (Floor) first occurs being the "Automatic Early Valuation Date (Floor)"), the Certificates shall be automatically terminated on the Automatic Early Termination Date (Floor) at the Automatic Early Termination Amount (Floor).

  • Where the specific event that triggers the Automatic Early Termination Event is the date of insolvency of the SA Collateral Provider, the clause in the Master Agreement which provides for such Automatic Early Termination Event will be unenforceable, since control of the insolvent estate of the SA Collateral Provider will have vested in the liquidator of the insolvent estate of the SA Collateral Provider (and the concourse of creditors will already have become effective) as from such date.

  • Where an Automatic Early Termination Event has occurred with respect to a Clearing Member, an Early Termination Date in respect of all Contracts then registered in the name of such Clearing Member shall occur immediately upon theoccurrence of the relevant event; and in each case, without the need for any other or prior notice or determination by OTC Clear.

  • Where an Automatic Early Termination Event has occurred with respect to a ClearingMember, an Early Termination Date in respect of all Contracts then registered in the name of such Clearing Member shall occur immediately upon the occurrence of the relevant event; and in each case, without the need for any other or prior notice or determination by OTC Clear.

  • Unless previously exercised or purchased and cancelled or terminated pursuant to an Automatic Early Termination Event or unscheduled termination, the Issuer shall pay, in respect of each Certificate, the Coupon Amount on each Coupon Payment Date.

  • Under the laws of this jurisdiction, it is not necessary that LCH should specify that certain Insolvency Proceedings and/or Reorganisation Measures will constitute an Automatic Early Termination Event in accordance with Rule 3 of the Default Rules.

Related to Automatic Early Termination Event

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Automatic Early Redemption Event means that:

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.