Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).
Capital Event means a sale or disposition of any of the Company’s capital assets, the receipt of insurance and other proceeds derived from the involuntary conversion of Company property, the receipt of proceeds from a refinancing of Company property, or a similar event with respect to Company property or assets.
Capital Event means, at any time, on or after the Issue Date, there is a change in the regulatory classification of the Notes that results or will result in:
Examples of Capital Event in a sentence
The Borrower will give prior written notice to the Administrative Agent of any Capital Event with respect to any Investor, and will deliver copies of notices relating thereto, and, if such Capital Event is a Transfer by an Investor of its all or any portion of its Subscribed Interest, relevant documents relating to such Transfer, and information about the transferee as reasonably required by the Administrative Agent in order to effect its due diligence under this Agreement prior to such Transfer.
More Definitions of Capital Event
Capital Event means the determination by the Issuer, that as a result of a change in the Relevant Rules becoming effective on or after the Issue Date, which change was not reasonably foreseeable by the Issuer as at the Issue Date, it is likely that all or part of the aggregate outstanding nominal amount of the Notes will be excluded from the own funds of the Group or reclassified as a lower quality form of own funds of the Group;
Capital Event means, in respect of a Series of Subordinated Notes, at any time, on or after the date of issue of the last Tranche of such Notes, there is a change in the regulatory classification of such Notes that results or will result in:
Capital Event means the determination by the relevant Issuer, after consultation with the Relevant Regulator, that, as a result of a change in Norwegian law or Applicable Banking Regulations or any change in the official application or interpretation thereof becoming effective on or after the Issue Date of the last Tranche of the Notes, the Subordinated Notes are either partially or fully excluded from the Tier 2 Capital, such determination to be confirmed by the relevant Issuer in a certificate signed by two authorised signatories of the relevant Issuer.
Capital Event means, if the Notes are Subordinated Notes or Additional Tier 1 Capital Notes, at any time, on or after the Issue Date of the last Tranche of a Series of such Notes, there is a change in the regulatory classification of such Notes that results or will result in:
Capital Event has the meaning set forth in Section 2.7 hereof.
Capital Event means a change in Spanish law, Applicable Banking Regulations or any change in the application or official interpretation thereof that Banco Santander determines results or is likely to result in the entire outstanding aggregate Liquidation Preference of the contingent convertible capital securities of the relevant series ceasing to be included in, or counting towards, the Group’s or Banco Santander’s Tier 1 Capital;
Capital Event means, at any time on or after the Issue Date, a change in the regulatory classification of the Notes that would be likely to result in the exclusion of the Notes from the Additional Tier 1 Capital of the Issuer and/or the Issuer Consolidated Situation or the reclassification of the Notes as a lower quality form of regulatory capital, provided that (a) the Swedish FSA considers such a change to be sufficiently certain and (b) the Issuer demonstrates to the satisfaction of the Swedish FSA that such change was not reasonably foreseeable at the Issue Date, and provided that such exclusion or reclassification is not a result of any applicable limitation on the amount of such Additional Tier 1 Capital contained in the Applicable Banking Regulations.