Cash Settlement Event definition

Cash Settlement Event means the occurrence of any of the following:
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Cash Settlement Event means an Event that, upon occurrence, causes a Cash Settlement Amount to be due by the Bank to the Borrower under a Catastrophe Protection Conversion, as determined by the Event Calculation Agent in accordance with the Cash Settlement Event Determination Instructions.
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Cash Settlement Event has the meaning given to it in clause 4.3.1;
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Examples of Cash Settlement Event in a sentence

  • Ifthe Cash Settlement Event exhausts the Protection Amount and, after deducting from the Cash Settlement Amount the applicable fees, costs, and premium described above, the Borrower still owes the Bank any of amounts for fees, costs, or premiums; then the Borrower shall promptly make those payments to the Bank in accordance with the terms and in the manner indicated by the Bank.

  • If the Cash Settlement Event exhausts the Protection Amount and, after deducting from the Cash Settlement Amount the applicable fees, costs, and premium described above, the Borrower still owes the Bank any of amounts for fees, costs, or premiums; then the Borrower shall promptly make those payments to the Bank in accordance with the terms and in the manner indicated by the Bank.

  • If the Cash Settlement Event exhausts the Protection Amount and, after deducting from the Cash Settlement Amount the applicable fees, costs and premium described above, the Borrower still owes the Bank any of amounts for fees, costs, or premiums; then the Borrower shall promptly make those payments to the Bank in accordance with the terms and in the manner indicated by the Bank.

Related to Cash Settlement Event

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Adjustment Event means each of the following events:

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Potential Adjustment Event means any of the following:

  • 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).

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.