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;

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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 Nykredit Realkredit and/or Totalkredit A/S and/or the MREL Requirement (if

Eligibility Event means any of the following: (a) the breach by V▇▇▇▇ ▇▇▇▇▇▇ of any provision of the Restrictive Covenants Agreement; (b) following the expiration of the “Restricted Period” (as defined in the Restrictive Covenants Agreement), V▇▇▇▇ ▇▇▇▇▇▇ (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) V▇▇▇▇ ▇▇▇▇▇▇ is terminated for “cause” or resigns without “good reason” (each as defined in V▇▇▇▇ ▇▇▇▇▇▇’▇ Employment Agreement); (d) V▇▇▇▇ ▇▇▇▇▇▇ resigns from the Parent Board or refuses to stand for election or reelection to the Parent Board; (e) the failure of V▇▇▇▇ ▇▇▇▇▇▇ 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

The Delayed Draw Eligibility Event shall have occurred and the Borrower shall have delivered the Delayed Draw Notice.
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).
Upon the Employee's Eligibility Event, or at any point after that time upon the specific request of the Company, Employee shall return to the Company all written or descriptive materials of any kind belonging or relating to the Company or its Affiliates, including, without limitation, any Intellectual Property, Confidential Information and Trade Secrets, in Employee's possession.
If Grantee satisfies the requirements for Retirement (other than the requirement that the Grantee terminate employment with the Company) (“Retirement Eligibility Event”) or Grantee’s Retirement occurs after the determination of and release to the public of earnings as described in Section 2(a) and Actual Earnings exceed the Earnings Target, all of the Restricted Units shall vest in full immediately upon the occurrence of such Retirement Eligibility Event or Retirement, as the case may be.
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.
JCPenney further implemented new procedures and conducted training to reinforce accurate time-recording processes.
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.

More Definitions of Eligibility Event

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 the Senior Non-Preferred Notes, there is a change in the regulatory treatment of the Senior Non-Preferred 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;