Deferral Event has the meaning ascribed to such term in the Assignment and Set-Off Agreement;

Deferral Event means an event which is outstanding if one or more Unsettled Credit Events are outstanding and/or one or more Potential Failure to Pay Notices and/or a Repudiation/Moratorium Extension Notices have been delivered under the Swap Agreement and are outstanding.

Examples of Deferral Event in a sentence

If the Coupon Deferral Event ceases and the deferred and/or reduced interest payments on the Coupon Reference Obligation are paid by the relevant obligor, the Issuer shall pay the deferred interest payments to the same extent on the next following Interest Payment Date.
If a Mandatory Redemption Deferral Event occurs less than five (5) Business Days prior to the date set for redemption, the Issuer shall give notice of such deferral to the Fiscal Agent and, in accordance with Condition 10, the Noteholders as soon as reasonably practicable following the occurrence of such event.
Promptly upon the occurrence of a Deferral Event, TCPL shall provide the Trustee with an executed Deferral Event Notice.
Each Deferral Event Subscription shall be effected by the Trustee, acting pursuant to the Assignment and Set-Off Agreement, on behalf of the applicable Holders and TCPL.
Pursuant to the Assignment and Set-Off Agreement, upon a Deferral Event, TCPL has the right not to issue TCPL Deferral Preferred Shares to any Ineligible Person.

More Definitions of Deferral Event

Deferral Event shall have the meaning set forth in Section 3.1(d) hereof.

Deferral Event shall have the meaning set forth in Section 9.2 hereof.

Deferral Event means:

Deferral Event means the election by Emera, at its sole option, to defer the interest payable on the Notes.

Deferral Event means (i) the unconsolidated financial statements of the Issuer for the financial year ending prior to the applicable Interest Payment Date show no net profit in the profit and loss accounts of such financial statements for such financial year and (ii) no dividends are declared and paid by the Issuer during the financial year in which the applicable Interest Payment Date occurs. For the purposes of this Condition 3(d), the unconsolidated financial statements are to be prepared in accordance with generally accepted accounting principles in Slovenia.

Deferral Event means that, on or prior to the second Business Day prior to the Final Maturity Date, (i) the Swap Calculation Agent has received one or more Potential Credit Event Notices in respect of a Reference Obligation and has determined, in its sole and absolute discretion, that, following the occurrence of any Credit Event specified in such Potential Credit Event Notices, a Cash Settlement Amount could be payable under the terms of the CDS Agreement and/or (ii) an Unsettled Credit Event continues to exist.

Deferral Event. ’ means (i) no dividends are declared and paid by the Borrower in respect of the previous financial year and (ii) no payments with respect to any Innovative Instruments are made during the financial year in which the applicable Interest Payment Date occurs.