Country Risk Event means (a) issues relating to the financial infrastructure of a country, (b) issues relating to a country’s prevailing custody and settlement practices, (c) nationalization, expropriation or other governmental actions, (d) issues relating to a country’s regulation of the banking or securities industry, (e) currency controls, restrictions, devaluations, redenominations or fluctuations or (f) market conditions which affect the orderly execution of securities transactions or affect the value of securities.
Country Risk Event means an event which occurs as a result of Country Risk.
Country Risk Event means (a) the adoption of any law, rule or regulation or the action or failure to act by any authority (de jure or de facto) in LRI’s country which (i) changes the Liabilities as originally agreed, (ii) changes the ownership or control by LRI of its business or assets and/or the Bank’s ownership of its branch or subsidiary in the LRI’s country, or (iii) prevents or restricts the conversion into or transfer of the agreed currency; or (b) the occurrence of any force majeure or similar event which, directly or indirectly, prevents or restricts the payment or transfer of any funds made available by the Bank to its branch or subsidiary in LRI’s country in the agreed currency into an account designated by the Bank and freely available to the Bank.
Examples of Country Risk Event in a sentence
The Issuing Lender shall not at any time be obligated to issue any Letter of Credit hereunder if such issuance would conflict with, or cause the Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law, or otherwise subject it to a Country Risk Event.
The Custodian shall be liable for repayment (to the WSIB or the applicable Fund) of Cash credited to the WSIB’s or the applicable Fund’s Cash Account at the Subcustodian that the Custodian is not able to recover from the Subcustodian (other than as a result of a Country Risk Event).
More Definitions of Country Risk Event
Country Risk Event. (i) any law, action or failure to act by any Governmental Authority in any country asserting jurisdiction over the Letter of Credit beneficiary which has the effect of:
Country Risk Event. Means (a) any law, action or failure to act by any Governmental Authority in any Borrower’s or Letter of Credit beneficiary’s country which has the effect of: (i) changing the obligations under the relevant Letter of Credit, the Credit Agreement or any of the other Loan Documents as originally agreed or otherwise creating any additional liability, cost or expense to the Issuing Bank, the Lenders or the Administrative Agent, (ii) changing the ownership or control by such Borrower or Letter of Credit beneficiary of its business, or (iii) preventing or restricting the conversion into or transfer of the applicable Alternative Currency; (b) force majeure; or (c) any similar event which, in relation to (a), (b) and (c), directly or indirectly, prevents or restricts the payment or transfer of any amounts owing under the relevant Letter of Credit in the applicable Alternative Currency into an account designated by the Administrative Agent or the Issuing Bank and freely available to the Administrative Agent or the Issuing Bank.
Country Risk Event appearing in Section 1.01 of the Credit Agreement is hereby amended to delete the phrase “Effective Date” appearing therein and replace such phrase with “First Amendment Effective Date”.
Country Risk Event means (I) the adoption of any law, rule or regulation or the action or failure of action by any authority (de jure or de facto) in the Borrower’s country which (i) changes the obligations of the Borrower under the Term Loan Agreement, (ii) changes the ownership or control by the Borrower of its business or assets, or (iii) prevents or restricts the conversion into or transfer of the agreed currency; or (II) the occurrence of any force majeure or similar event which, directly or indirectly, prevents or restricts the payment or transfer in the agreed currency of any amounts owing under the Term Loan Agreement into an account designated by the Bank or the free availability of such payments to the Bank.
Country Risk Event means (a) the adoption of any law, rule or regulation or the action or failure to act by any authority (de jure or de facto) in LRI's country which (i) changes the Liabilities as originally agreed, (ii) changes the ownership or control by LRI of its business or assets and/or the Bank's ownership of its branch or subsidiary in the LRI's country, or (iii) prevents or restricts the conversion into or transfer of the agreed currency; or (b) the occurrence of any force majeure or similar event which, directly or indirectly, prevents or restricts the payment or transfer of any funds made available by the Bank to its branch or subsidiary in LRI's country in the agreed currency into an account designated by the Bank and freely available to the Bank.
Country Risk Event means: (i) any law, action or failure to act by any Governmental Authority in any Borrower’s or Letter of Credit beneficiary’s country which has the effect of: (a) changing the obligations under the relevant Letter of Credit, the Credit Agreement or any of the other Loan Documents as originally agreed in such a way as to create any additional liability, cost or expense to an Issuing Bank, the Lenders or the Administrative Agent, (b) changing the ownership or control by such Borrower or Letter of Credit beneficiary of its business, or (c) preventing or restricting the conversion into or transfer of the applicable Agreed Currency; (ii) force majeure; or (iii) any similar event, which, in relation to (i), (ii) and (iii), directly or indirectly, prevents or restricts the payment or transfer of any amounts owing under the relevant Letter of Credit in the applicable Agreed Currency into an account designated by the Administrative Agent or the relevant Issuing Bank and freely available to the Administrative Agent or such Issuing Bank.
Country Risk Event means: (i) any law, action or failure to act by any Governmental Authority in the Company's or Letter of Credit