Disqualifying Event definition

Disqualifying Event has the meaning specified in the definition of Eligible Currency.

Disqualifying Event means an incident, which results in a person becoming disqualified or ineligible to retain or renew a multistate license. These include but are not limited to the following: any adverse action resulting in an encumbrance, current participation in an alternative program, a misdemeanor offense related to the practice of nursing (which includes, but is not limited to, an agreed disposition), or a felony offense (which includes, but is not limited to, an agreed disposition).

Disqualifying Event means any Adverse Action or incident which results in an Encumbrance that disqualifies or makes the Licensee ineligible to either obtain, retain or renew a Multistate License.

Examples of Disqualifying Event in a sentence

• MSSB agrees that each Partnership may disclose any Disqualifying Event involving a Covered Person that occurred prior to September 23, 2013, in accordance with the method of disclosure under Rule 506(e).

• Notwithstanding the foregoing, the Corporation may bring an action, in an appropriate court in the State of Delaware or any other court of competent jurisdiction, contesting the right of the Indemnitee to receive indemnification hereunder due to the occurrence of an event described in sub-clause (A) or (B) of this clause (ii) (a “Disqualifying Event”); provided, however, that in any such action the Corporation shall have the burden of proving the occurrence of such Disqualifying Event.

• For purposes of the determination referred to in the previous sentence, if a Disqualifying Event of the type described in clause (ii) of the definition of “Eligible Currency” exists, then such determination shall be made in consultation with Bank of America and JPMorgan using any method they deem reasonably appropriate, and such determination shall be conclusive.

• No executive officer, member of the Board of Directors of the Company or shareholder of the Company beneficially owning more than 10% of the Company’s securities is currently subject to a Disqualifying Event.

• The Executive is required to notify the Company within five days of becoming aware that a Disqualifying Event has occurred or will occur.

More Definitions of Disqualifying Event

Disqualifying Event has the meaning set forth in Section 3.24.

Disqualifying Event means any Adverse Action or incident which results in an

Disqualifying Event means the following:

Disqualifying Event means the conviction falling within subsection (1)(a), the agreement falling within subsection (1)(b) or the caution falling within subsection (1)(c);

Disqualifying Event means any adverse action or incident that

Disqualifying Event shall have the meaning ascribed to such term in Section 3.1(dd).

Disqualifying Event means any event which shall disqualify an individual from holding a Multistate License under this Compact, which the Commission may by Rule or order specify.