Banking Event means a declaration of a banking moratorium or any suspension, waiver, deferral or repudiation of payments by banks with respect to indebtedness or deposits in the Relevant Jurisdiction; the imposition by any Governmental Authority of any moratorium on or any suspension, waiver, deferral, repudiation or required rescheduling or required approval of, the payment of any amount of principal, interest or other amount of indebtedness of banks, or restriction on withdrawal of any deposited funds from banks, in the Relevant Jurisdiction; any general disruption in the bank payments system in the Relevant Jurisdiction which prevents banks from receiving or paying in any currency payable under the SIP; or any condition created by or resulting from any action or failure to act by a Governmental Authority which, in the opinion of DBS, has an analogous effect.
Banking Event has the meaning set forth in Section 9.1.
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America; a "Station Event" shall mean any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any state or federal regulatory agency having jurisdiction over the Stations that has caused one or more Stations not to be operating in a manner substantially consistent with the operations conducted before such act, omission, calamity, casualty, condemnation or agency action occurred or not in compliance with its or their respective Station License(s); an "Event Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event, or a Station Event occurs; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event, or a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.
Examples of Banking Event in a sentence
Where applicable, the Calculation Agent may (but need not) determine the appropriate adjustment by reference to the adjustment (if any) in respect of the Banking Event, the Currency Event, the Currency Hedging Disruption Event, the Governmental Event or Illegality made by an options exchange to options on the Underlying Equity traded on that options exchange.
If Banking Event, Currency Event, Currency Hedging Disruption Event, Governmental Event and/or Illegality is specified as applying in the applicable Conditions Supplement, following the occurrence of such an event, the Calculation Agent will, in good faith acting in a commercially reasonable manner, determine the appropriate adjustment, if any, to be made to any terms of the Notes to account for such event, and determine the effective date of that adjustment.
Jean-Claude Trichet, Integration of the European Financial Sector, Address at the International Banking Event (June 29, 2004), available at http://www.bis.org/review/r040714f.pdf.
If Banking Event, Currency Event, Currency Hedging Disruption Event, Governmental Event and/or Illegality is specified as applicable in the applicable Conditions Supplement, following the occurrence of such an event, the Calculation Agent will, in good faith acting in a commercially reasonable manner, determine the appropriate adjustment, if any, to be made to any terms of the Notes to account for such event, and determine the effective date of that adjustment.
From time to time, an Employee Banking Event (“EB Event”) may also be held at the premises of the EB Company in conjunction with the Promotion and the Bank’s EB Programme.
More Definitions of Banking Event
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America that has an adverse affect on the availability or cost of either private or public debt or equity financing; a "Station Event" shall mean any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty, condemnation, or the act or omission to act of any state or federal regulatory agency having jurisdiction over a Station that has caused one or more Stations representing an aggregate of at least 3% of the consolidated gross revenues of the Selling Group for the last full 12 calendar months prior to the Station Event not to be operating in a manner substantially consistent with the operations conducted before such act of nature, calamity, casualty, condemnation, or agency action or omission occurred or not to be in compliance in all material respects with its or their respective Station License(s); an "Event Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event, or a Station Event occurs; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event, or a Station Event ends. Pro forma adjustments shall be made, for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, assuming that such station was acquired at the beginning of such 12-month period and shall include the gross revenues of such station for the full 12-month period.
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority.
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America that causes a disruption of the capital markets of the United States of a magnitude substantially similar to the disruption that would be caused by a Trading Event or a Banking Event; an "Event Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event or Station Event begins; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event or a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" (i) to eliminate revenues of any Station sold prior to the Closing Date and (ii) with respect to any radio broadcast station acquired prior to the Closing Date, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period. In the event Mergeco elects to postpone the Closing pursuant to this Section 8.1 on account of a Trading Event, Banking Event or Conflict Event, each of the Fund I Consideration, the Fund IV Consideration, the Fund VII Consideration, the Fund VIII Consideration and the Benchmark Consideration shall be increased beginning after June 30, 1997, at a rate of fifteen percent (15%) per annum (it being understood that such adjustment to the Total Consideration shall not give Mergeco rights to extend the Closing in addition to those specified in this Section 8.1).
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America; a "Station Event" shall mean any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any state or federal regulatory agency having jurisdiction over the Stations that has caused one or more Stations representing an aggregate of 3% of the consolidated gross revenues of Seller for the last full 12 calendar months prior to the Station Event not to be operating in a manner substantially consistent with the operations conducted before such act, calamity, casualty, condemnation or agency action or omission occurred or not in compliance with its or their respective Station License(s); an "Event Date" shall mean the date on which a Trading Event, Banking Event or a Conflict Event occurs; and a "Cessation Date" shall mean the date on which a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America; a "Station Event" shall mean any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any state or federal regulatory agency having jurisdiction over the Stations that has caused one or more Stations representing an aggregate of at least 3% of the consolidated gross revenues of
Banking Event means that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America; a "Station Event" shall mean any act of nature, calamity or casualty (including but not limited to fires, floods, earthquakes and storms) that has caused one or more Stations representing an aggregate of 3% of the consolidated gross revenues of Osboxx xxx the last full 12 calendar months not to be operating in compliance with its or their respective Station License(s); an "Event Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event or a Station Event occurs; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event or a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" to (i) eliminate the gross revenues of any Station sold during such 12-month period and (ii) with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.