Cumulative Step Up Event definition

Cumulative Step Up Event means the occurrence of all or a combination of (i) Scope 1 and 2 Emissions Event and/or (ii) Scope 3 Emissions Event and/or (iii) ECS Equipped Service Areas Event, as indicated as applicable in the relevant Final Terms and, in each case, as so specified as being the Cumulative Step Up Event in the relevant Final Terms.
View Source
Cumulative Step Up Event means the occurrence of both (a) a Scope 1 and Scope 2 GHG Emissions Event and (b) a Scope 3 GHG Emissions Event, it being understood that the occurrence of any such event shall not result in the occurrence of an Event of Default under these Conditions;
View Source
Cumulative Step Up Event means the occurrence of any of (a) a Net Energy Consumption Reduction Event; and/or (b) a Scope 1 and 2 market-based GHG Emissions Reduction Event; and/or (c) a Scope 3 from supply chain GHG Emissions Reduction Event, as indicated as applicable in the relevant Final Terms and, in each case, as so specified as comprising the Cumulative Step Up Event in the relevant Final Terms, it being understood that the occurrence of any such event shall not result in the occurrence of an Event of Default under these Conditions. Cumulative Step Up Margin means the amount specified in the applicable Final Terms as being the Cumulative Step Up Margin.
View Source

Examples of Cumulative Step Up Event in a sentence

  • Such notice shall be irrevocable and shall specify the Initial Rate of Interest (in the case of Fixed Rate Notes) or the Initial Margin (in the case of Floating Rate Notes) and the relevant Step Up Margin (or Cumulative Step Up Margin if the applicable Final Terms specifies that a Cumulative Step Up Event is applicable).

  • The occurrence of a Step Up Event (or a Step Up Event comprising the Cumulative Step Up Event if the applicable Final Terms specifies that a Cumulative Step Up Event is applicable) will be notified by the Issuer to the Agent and, in accordance with Condition 13 (Notices), the Noteholders as soon as reasonably practicable after such occurrence and, in respect of the relevant Step Up Event, no later than the relevant Step Up Event Notification Date.

  • If the applicable Final Terms specifies that more than one Step Up Event is applicable, and specifies that a Cumulative Step Up Event is not applicable, upon the occurrence of any Step Up Event so specified, the Initial Rate of Interest (in the case of Fixed Rate Notes) or the Initial Margin (in the case of Floating Rate Notes) shall be increased by the relevant Step Up Margin for such Step Up Event from the next following Interest Period.

  • If the applicable Final Terms specifies that a Cumulative Step Up Event is applicable (comprising more than one Step Up Event), upon the occurrence of any Step Up Event comprising the Cumulative Step Up Event the Rate of Interest or, in the case of Floating Rate Notes, the Initial Margin shall be increased by the Cumulative Step Up Margin from the next following Interest Period.


More Definitions of Cumulative Step Up Event

Cumulative Step Up Event means the occurrence of any of (a) a Net Energy Consumption Reduction Event; and/or (b) a Scope 1 and 2 market-based GHG Emissions Reduction Event; and/or
View Source