Charged Assets Default definition

Charged Assets Default means the Charged Assets or amounts outstanding thereunder become due and repayable, or become capable of being declared due and repayable, prior to their stated date of maturity or other date or dates for their repayment or payment or (b) there is a payment default in respect of the Charged Assets;
Sample 1Sample 2Sample 3
Charged Assets Default shall have the meaning given in the Conditions, provided that the term “Charged Agreement” shall be deemed to include the Margin Account Agreement and UK Custody Account Agreement.
Sample 1Sample 2
Charged Assets Default means the occurrence of any of the following events:
Sample 1

Examples of Charged Assets Default in a sentence

  • This Termination Event occurs if a Charged Assets Default under the relevant Series occurs provided that if a “Notes Restructuring” occurs, the Counterparty will be required to certify that the effect of such event is that the terms of the relevant Underlying Obligation are, overall, materially less favourable from an economic, credit or risk perspective to any holder of any Underlying Obligation.

  • This Termination Event occurs if an Event of Default under Condition 13(a) or 13(b) of the Conditions of any Series of Notes issued by the Company (other than any event caused directly or indirectly by a Charged Assets Default) shall occur which has not been cured or waived.

  • In the event of a Charged Assets Default which causes the Initial Charged Assets to be redeemed in whole or in part, to the extent that the Financial Guarantor has not exercised the Financial Guarantor Redemption Option (but without prejudice to any subsequent exercise thereof), the Issuer, as directed by the Financial Guarantor, shall use the proceeds of the redeemed Initial Charged Assets and any other amounts available to the Issuer from time to time to purchase Eligible Assets.

  • Where any one or more of the Charged Assets in relation to a Series of Securities are redeemed pursuant to an early unscheduled redemption of such Charged Assets prior to their stated date of maturity (other than by reason of a Charged Assets Default), the Issuer shall give an Initial Redemption Notice as soon as reasonably practicable and the Charged Agreement(s) will thereupon be terminated.

  • In circumstances where the Replacement Charged Assets comprise all of the Charged Assets (excluding for this purpose any cash held by the Issuer), in the event of a default by any obligor in respect of the Replacement Charged Assets which causes the Replacement Charged Assets to be redeemed in whole or in part, the provis ions of Condition 4(d)(iii) (Initial Charged Assets Default) shall apply as if such Replacement Charged Assets were the Initial Charged Assets.

  • In circumstances where the Replacement Charged Assets comprise all of the Charged Assets (excluding for this purpose any cash held by the Issuer), in the event of a default by any obligor in respect of the Replacement Charged Assets which causes the Replacement Charged Assets to be redeemed in whole or in part, the provisions of Condition 4(d)(iii) (Initial Charged Assets Default) shall apply as if such Replacement Charged Assets were the Initial Charged Assets.

Related to Charged Assets Default

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.