Declassification Date definition

Declassification Date means the date on which the Administrative Agent (acting on the instructions of all the Lenders under the Revolving Credit Facility) exercises its right to declassify the Revolving Credit Facility as “sustainability-linked” in accordance with Section 10.24(e)(i).
Sample 1Sample 2
Declassification Date means the date described in Clause 13.3.1 below;
Sample 1
Declassification Date means the date on which the Facility Agent (acting on the instructions of the Majority Lenders) exercises its right to declassify the Revolving Facility as "sustainability-linked" in accordance with paragraph 14.7.1 (Declassification Event). "Declassification Event" means: (a) a failure by the Parties to agree the amendments referred to in sub-clause 27.5.2 (Sustainability Amendments) (in accordance with the terms of Clause 27.5 (Sustainability Amendments)) within 40 Business Days following notification by the Parent to the Facility Agent of the occurrence of a Sustainability Amendment Event in accordance with Clause 27.5.1 (Sustainability Amendments); or (b) a failure by the Parent to deliver a Sustainability Certificate in accordance with Clause 14.5 (Compliance certificates) for two consecutive Sustainability Performance Periods. "Defaulting Lender" means any Lender: (a) which has failed to make its participation in an Advance available or has notified the Facility Agent or the Swingline Agent (as appropriate) that it will not make its participation in an Advance available by the Drawing Date of that Advance in accordance with Clause 3.1 (Participation in Revolving Facility Advances) or sub- clause 6.4.1 of Clause 6.4 (Swingline Lenders' participation); (b) which has otherwise rescinded or repudiated a Financing Document; or (c) with respect to which an Insolvency Event has occurred and is continuing, unless, in the case of paragraph (a) above: (i) its failure to pay is caused by: (A) administrative or technical error; or (B) a Disruption Event; and payment is made within five Business Days of its due date; or (ii) the Lender is disputing in good faith whether it is contractually obliged to make the payment in question.
Sample 1

Examples of Declassification Date in a sentence

  • After the Declassification Date, Directors shall be elected, and vacancies and newly created directorships shall be filled, as set forth in the By-laws.

  • In the event of a Declassification Vote, effective as of the date of the next annual meeting of stockholders (the “Declassification Date”), Section 5.2 of this Certificate shall automatically terminate and be of no further effect, and, subject to any rights of holders of any series of Preferred Stock, stockholders will elect all Directors on an annual basis; provided, however, that nothing in this Section 5.3 shall shorten the term of any incumbent Director on the Declassification Date.

  • From and after the Declassification Date, vacancies and newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director, and the directors so chosen shall hold office until the next annual election and until their successors are duly elected and shall qualify, unless sooner displaced.

  • After the Declassification Date, no such incumbent Director may be removed without cause except by a vote of stockholders holding (i) a majority of the Outstanding Voting Securities and (ii) a majority of the Outstanding Voting Securities not held by a Significant Stockholder or any member of a Restricted Group.

  • The Borrower Representative shall not (and shall ensure that no other member of the Restricted Group will) make any disclosure that references the Revolving Credit Facility or any Revolving Facility Utilisation as “sustainability-linked” at any time on or after the Declassification Date.

  • The provisions of the three preceding paragraphs of this Section 2 shall automatically terminate and be of no further effect as of the Declassification Date, and stockholders of the corporation will, at the 2009 annual shareholders meeting and, thereafter elect all directors on an annual basis.

  • The Directors elected at the Corporation’s 2009 annual meeting of shareholders shall be elected for a two-year term ending on the Declassification Date.

  • In the event of a Declassification Vote, effective as of the date of the next annual meeting of stockholders (the “Declassification Date”), Section 5.2 of this Certificate shall automatically terminate and be of no further effect, and stockholders of the Corporation will elect all directors on an annual basis; provided, however, that nothing in this Section 5.3 shall shorten the term of any incumbent director on the Declassification Date.

  • If prior to the Declassification Date the number of Directors is changed, any increase or decrease shall be apportioned among the classes so as to maintain the number of Directors in each class as nearly equal as possible, and any additional Director of any class elected to fill a vacancy resulting from an increase in such class shall hold office for a term that shall coincide with the remaining term of that class.

  • After the Declassification Date, directors shall be elected, and vacancies and newly created directorships shall be filled, as set forth in the by-laws.SEVENTH.


More Definitions of Declassification Date

Declassification Date means the date on which the Agent (acting on the instructions of the Majority Lenders) exercises its right to declassify the Facility as "sustainability-linked" in accordance with paragraph (a) of Clause 9.11 (Declassification). "Declassification Event" means: (a) the Company fails to deliver a Sustainability KPI Certificate pursuant to Clause 9.10 ( Sustainability reporting) on two consecutive dates on which such Sustainability KPI Certificate should have been delivered (or within any applicable grace period); or (b) the Sustainability KPI Certificate delivered by the Company pursuant to Clause 9.10 ( Sustainability reporting) on two consecutive dates includes material reserves from the Sustainability Auditor. "Iponweb" means the companies, business and assets of IPONWEB acquired by the Company, as further described and disclosed by the Company in a Form 8-K dated 3 August 2022. "KPI Overperforming Event" means, with respect to Sustainability Sub-KPI 1.2 or Sustainability KPI 2, the achievement of one or more Target Score(s) one year or more ahead of time (unless the level of the relevant Target Score for the current KPI Relevant Period and the following KPI Relevant Period is the same). "SLLP" means the Sustainability-Linked Loan Principles published by the LMA and updated from time to time. "Sustainability Coordinator" means any Lender appointed from time to time by the Company to act in such capacity, and which has become Party to this Agreement in such capacity pursuant to Clause 33.19 (Appointment of Sustainability Coordinator(s)). "Sustainability Information" means all information (including sustainability performance projections and forecasts) which has been: (a) provided by or on behalf of a member of the Group to a Finance Party and/or to the Sustainability Coordinators; or
Sample 1
Declassification Date has the meaning specified in Section 1.6(g).
Sample 1
Declassification Date has the meaning specified in Section 5.3(f) (Suspension of Sustainability Performance Targets, Sustainability Progress Targets, and Sustainability Benchmark due to Merger).
Sample 1

Related to Declassification Date

  • Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

  • Election Date has the meaning specified in Section 3.12(h).

  • Adoption Date means the date the Plan is first approved by the Board or Compensation Committee.

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.