Emissions Condition definition
Emissions Condition means the condition that:
(i) the SLB Progress Report and the Assurance Report relating to the Scope 3 GHG Emissions Observation Period for each Reporting Year and (if applicable) the related Scope 3 Baseline Assurance Report have been published by H&M in accordance with the applicable Reporting Requirements by no later than the relevant Notification Deadline; and
(ii) the Scope 3 GHG Emissions Percentage in respect of the Scope 3 GHG Emissions Observation Period for any Reference Year, as shown in the relevant SLB Progress Report referred to in paragraph (i) above, was equal to or greater than the Scope 3 GHG Emissions Percentage Threshold in respect of such Reference Year, and if the requirements of paragraph(s) (i) and/or (ii) are not met, H&M shall be deemed to have failed to satisfy the Scope 3 GHG Emissions Condition in respect of the relevant Reporting Year or Reference Year, as applicable;
Emissions Condition means the notification in writing by the Guarantor to the Calculation Agent and the Fiscal Agent (with a copy to the Issuer) on or prior to the Premium Trigger Event Notification Date that (i) as of the Premium Trigger Reference Date the Scope 1 and 2 Emissions Amount was at least 50 per cent. lower than the Base Scope 1 and 2 Emissions Amount (being a reduction equivalent to a 66 per cent. reduction in tCO2e per unit sold), and (ii) as of the Premium Trigger Reference Date the Scope 3 Emissions Amount was at least 10 per cent. lower than the Base Scope 3 Emissions Amount (being a reduction equivalent to a 40 per cent. reduction in tCO2e per unit sold), and (iii) such Scope 1 and 2 Emissions Amount and Scope 3 Emissions Amount have been published on the Luxembourg Stock Exchange's website (www.bourse.lu) and confirmed by the External Verifier in the Assurance Report delivered in accordance with its customary procedures.
Emissions Condition means the condition that:
(i) the SLB Progress Report and the Assurance Report relating to the Scope 1 and 2 GHG Emissions Observation Period for each Reporting Year and (if applicable) the related Scope 1 and 2 Baseline Assurance Report have been published by H&M in accordance with the applicable Reporting Requirements by no later than the relevant Notification Deadline; and
(ii) the Scope 1 and 2 GHG Emissions Percentage in respect of the Scope 1 and 2 GHG Emissions Observation Period for any Reference Year, as shown in the relevant SLB Progress Report referred to in paragraph (i) above, was equal to or greater than the Scope 1 and 2 GHG Emissions Percentage Threshold in respect of such Reference Year, and if the requirements of paragraph(s) (i) and/or (ii) are not met, H&M shall be deemed to have failed to satisfy the Scope 1 and 2 GHG Emissions Condition in respect of the relevant Reporting Year or Reference Year, as applicable;
More Definitions of Emissions Condition
Emissions Condition means the notification in writing by the Issuer to the Noteholders and the Trustee in accordance with Condition 20 (Notices) on or prior to the Premium Trigger Event Notification Date that as of the Premium Trigger Reference Date: