Eligibility Event definition

Eligibility Event means, in respect of a Series of Senior Non-Preferred Notes, at any time, on or after the date of issue of the last Tranche of such Notes, there is a change in the regulatory treatment of such Notes (as a result of (i) a change of laws, (ii) new laws or regulations coming into effect or (iii) a change in the interpretation or administrative practice by the Relevant Regulator) that results, or will result in, their exclusion in full from eligibility for the purposes of the Debt Buffer Requirement of Nykredit Realkredit and/or Totalkredit A/S and/or the MREL Requirement (if applicable) of Nykredit on a consolidated level and/or the MREL Requirement (if applicable) of Nykredit Realkredit on a stand alone and/or consolidated level, provided that Nykredit Realkredit satisfies the Relevant Regulator that the change in regulatory treatment of such Notes was not reasonably foreseeable at the time of their issuance;

Eligibility Event means, at any time, on or after the date of issue of the last Tranche of the Notes, there is a change in the regulatory treatment of the Notes (as a result of (i) a change of laws, (ii) new laws or regulations coming into effect or (iii) a change in the interpretation or administrative practice by the Relevant Regulator) that results, or will result in, their exclusion in full from eligibility for the purposes of the Debt Buffer Requirement of the Issuer and/or the MREL Requirement (if applicable) of the Issuer, provided that the Issuer satisfies the Relevant Regulator that the change in regulatory treatment of such Notes was not reasonably foreseeable at the time of their issuance;

Eligibility Event means any of the following: (a) the breach by Vxxxx Xxxxxx of any provision of the Restrictive Covenants Agreement; (b) following the expiration of the “Restricted Period” (as defined in the Restrictive Covenants Agreement), Vxxxx Xxxxxx (or one or more of his Affiliates) acquires any product, or proprietary or confidential process that is competitive (in field of use or otherwise) with any product, or proprietary or confidential process that Parent and/or Purchasers is investigating or contemplating developing, manufacturing, distributing, marketing or selling at or after the time of such acquisition; (c) Vxxxx Xxxxxx is terminated for “cause” or resigns without “good reason” (each as defined in Vxxxx Xxxxxx’x Employment Agreement); (d) Vxxxx Xxxxxx resigns from the Parent Board or refuses to stand for election or reelection to the Parent Board; (e) the failure of Vxxxx Xxxxxx to be elected to the Parent Board by the stockholders of Parent after being nominated for such position by a committee of the Parent Board or by the Parent Board; or (f) the occurrence of a Parent Change of Control Event.

Examples of Eligibility Event in a sentence

• Substitution and VariationIf an MREL Eligibility Event, a Rating Methodology Event, an Alignment Event or Tax Event occurs and is continuing, the Issuer may, at its option (subject to obtaining relevant supervisory permission, if required), substitute the Notes, or vary the Conditions, without any requirement for the consent or approval of Noteholders, so that they are substituted for, or varied to become or remain, qualifying notes.

• Substitution and Variation If an MREL Eligibility Event, a Rating Methodology Event, an Alignment Event or Tax Event occurs and is continuing, the Issuer may, at its option (subject to obtaining relevant supervisory permission, if required), substitute the Notes, or vary the Conditions, without any requirement for the consent or approval of Noteholders, so that they are substituted for, or varied to become or remain, qualifying notes.

• The Delayed Draw Eligibility Event shall have occurred and the Borrower shall have delivered the Delayed Draw Notice.

• Designated Entity Reportable Eligibility Event Applications, and Designated Entity Annual Reports Action, Public Notice (WTB Dec.

• The Employer may also designate Employees who are newly hired or are transferred to the Employer (each, an “Initial Eligibility Event”) as Eligible Employees regardless of the timing of such Initial Eligibility Event.

• Here, regarding the Senior Bonds and Debentures and Subordinated Bonds and Debentures, only the Ordinary Senior Bonds and Debentures whose Final Terms state that the Eligibility Event does not apply can be offered to retail investors.It is impossible to predict if there will be a change in Spanish laws and regulations, the applicable banking legislation, or in the binding official interpretation and application of legislation.

• The Deferred Compensation described in the preceding sentence shall be paid to Employee (or his spouse or estate as described below) in five equal, annual installments which shall be calculated based on an effective interest rate of 7.5% per annum (0.6045% per month) and commence on the first day of the first month following the occurrence of an Eligibility Event under Paragraph 1(a), (b) or (c).

• Applicants, licensees, and spectrum lessees (see § 1.9003) shall use the following forms and associated schedules for all applications and notifications:* * * * *(6) FCC Form 609, Application to Report Eligibility Event.

• In the event the Eligibility Event occurs after the completion of the third fiscal quarter, then the Grantee shall not be entitled to any Cash Payment for the then current Performance Cycle in which the Eligibility Event occurs but shall be eligible for the Cash Payments for the remaining Performance Cycles under the award.

• Subject to the terms and conditions of this Agreement including paragraph 5 hereof, on the first day of the first month following the Employee's Eligibility Event, the Company shall pay to Employee a lump sum amount equal to two (2) times base pay in effect at the time of the Employee's Eligibility Event.