Currency Disruption Event means the occurrence of any of the following with respect to any Eligible Currency: (a) any Lender shall have notified the Administrative Agent, the Collateral Agent, the Servicer and the Borrower of a determination by such Lender that it would be contrary to law or to the directive of any central bank or other Governmental Authority (whether or not having the force of law) to obtain such Eligible Currency in the applicable market to fund any Advance, (b) any Lender shall have notified the Administrative Agent, the Collateral Agent, the Servicer and the Borrower of a determination by such Lender that the rate at which such Eligible Currency is being offered to such Lender in the applicable market (i) does not accurately reflect the cost to such Lender of making, funding or maintaining any Advance or (ii) has been permanently discontinued or for which adequate and reasonable means do not exist for ascertaining such rate or (c) any Lender shall have notified the Administrative Agent, the Collateral Agent, the Servicer and the Borrower of the inability of such Lender, as applicable, to obtain such Eligible Currency or such other rate in the applicable market to make, fund or maintain any Advance.
Currency Disruption Event means any of the following events, as determined in good faith by the Calculation Agent:
Currency Disruption Event means, in respect of SIP or CLI:
Examples of Currency Disruption Event in a sentence
A “ Disruption Event” means, for a Basket Index, a Market Disruption Event and, for a Basket Currency, a Currency Disruption Event.
More Definitions of Currency Disruption Event
Currency Disruption Event means, with respect to a Series, the occurrence or official declaration of an event impacting one or more currencies that the Issuer determines would materially disrupt or impair its ability to meet its obligations in the Currency or otherwise settle, clear, or hedge such Series.
Currency Disruption Event means, with respect to a Series, the occurrence or official declaration of an event impacting one or more currencies that the Issuer determines would materially disrupt or impair its ability to meet its obligations in the Currency or otherwise settle, clear, or hedge such Series, and where a Relevant Clearing System withdraws (or announces its intention to withdraw) acceptance of the Currency for settlement and payments under the Securities.
Currency Disruption Event. The occurrence of any of the following: (a) any Lender shall have notified the Administrative Agent of a determination by such Lender that it would be contrary to law or to the directive of any central bank or other Governmental Authority (whether or not having the force of law) to obtain any applicable Currency in the applicable interbank market, to fund any Advance, (b) any Lender shall have notified the Administrative Agent of the inability of such Lender, as applicable, to obtain any applicable Currency in the applicable interbank market to make, fund or maintain any Advance or (c) adequate and reasonable means do not exist for ascertaining the Benchmark for any requested Interest Period, including because the Benchmark is not available or published on a current basis.
Currency Disruption Event means any of:
Currency Disruption Event means the occurrence of any action, event or circumstance which Bank determines in good faith and a commercially reasonable manner:
Currency Disruption Event. The occurrence of any of the following: (a) any Liquidity Bank or any Institutional Lender shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants or such Institutional Lender that it would be contrary to law or to the directive of any central bank or other Governmental Authority (whether or not having the force of law) to obtain such Eligible Currency in the applicable market to fund any Advance, (b) any Liquidity Bank or any Institutional Lender shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants or such Institutional Lender, as applicable, that the rate at which such Eligible Currency is being offered to such Lender in the applicable market does not accurately reflect the cost to such Lender of making, funding or maintaining any Advance or (c) any Liquidity Bank or any Institutional Lender shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants or such Institutional Lender, as applicable, to obtain such Eligible Currency in the applicable market to make, fund or maintain any Advance.
Currency Disruption Event means, in respect of an SID or a PD: