Enforcement Event Dissolution Date definition

Enforcement Event Dissolution Date means, in relation to the Tier 2 Sukuk Wakalah and AT-1 Sukuk Wakalah only, the date where an Enforcement Event item (ii) (as set out in the paragraph entitled “Events of default or enforcement events, where applicable, including recourse available to investors”) has been declared by the Sukuk Trustee.
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Enforcement Event Dissolution Date means, in relation to the Perpetual Sukuk Wakalah only, the date where an occurrence of Enforcement Event item (1) (as outlined in section entitled “Events of defaults or enforcement events, where applicable, including recourse available to investors”) has been declared by the Sukuk Trustee.
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Enforcement Event Dissolution Date means, in relation to the Tier 2 Sukuk Wakalah and AT-1 Sukuk Wakalah only, the date an Enforcement Event item
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Examples of Enforcement Event Dissolution Date in a sentence

  • Proceeds of the Wakalah Investments including the Exercise Price, the Deferred Sale Price and any returns generated shall be utilised to redeem the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, as the case may be at the relevant Dissolution Distribution Amount on the Enforcement Event Dissolution Date.

  • In respect of the Perpetual Sukuk Wakalah, on an Enforcement Event Dissolution Date (as defined below).The “ Exercise Price” for the purchase of the Shariah- compliant Business in the Wakalah Investments shall be equal to the relevant Dissolution Distribution Amount (as defined below).

  • For the avoidance of doubt, the Deferred Sale Price for Perpetual Sukuk Wakalah shall be due and payable by the Buyer 99 years after the relevant issue date, or upon an Enforcement Event Dissolution Date (as defined below), or pursuant to a Redemption Event (as defined in the section entitled “Call option and details, if applicable”), whichever is the earliest.

  • For the avoidance of doubt, the Deferred Sale Price for AT-1 Sukuk Wakalah shall be payable 99 years after the relevant issue date, and the Issuer shall be given the right to defer such payment upon request made by the Issuer or if required by BNM subject to the Issuer providing the Sukuk Trustee with a notice of deferment of the payment of such Deferred Sale Price or on the Early Redemption Date or on the Enforcement Event Dissolution Date, whichever is the earliest.

  • Rate:the aggregate of unearned Expected Periodic Distribution Amount calculated from the Enforcement Event Dissolution Date, Early Redemption Date or Optional Redemption Date up to the respective Scheduled Dissolution Date(s) of Tier 2 Sukuk Wakalah.

  • Proceeds of the Wakalah Investments comprising the Exercise Price, the Deferred Sale Price and any returns generated shall be utilised to redeem the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, as the case may be at the relevant Dissolution Distribution Amount on the Enforcement Event Dissolution Date.

  • Ibra’ for redemption in relation to (1), (2) and (3) above shall be calculated from the Enforcement Event Dissolution Date or Early Redemption Date up to the relevant Scheduled Dissolution Date(s) of the T2 Sukuk Wakalah.

  • Proceeds of the relevant Wakalah Investments shall be utilised to redeem the relevant Sukuk Wakalah at the Dissolution Distribution Amount (as defined below) on the Scheduled Dissolution Date, the Dissolution Declaration Date, the Enforcement Event Dissolution Date, or pursuant to a Redemption Event, as the case may be.


More Definitions of Enforcement Event Dissolution Date

Enforcement Event Dissolution Date means, in relation to the T2 Sukuk Wakalah, the date an Enforcement Event in item (b) (as set out in the paragraph entitled “Events of default or enforcement events, where applicable, including recourse available to investors”) has been declared by the Sukuk Trustee. The illustrative transaction structure and explanatory notes of the Sukuk Wakalah Programme are set out in the attachment entitled “Transaction Diagram and Explanatory Notes of the Sukuk Wakalah Programme”. (8) Currency : Ringgit (9) Expected facility/ programme size : Up to MYR 5,000,000,000.00 (10) Option to upsize (for : Yes programme) Additional Notes:The Issuer shall have the option to upsize the programme limit of the Sukuk Wakalah Programme and for the avoidance of doubt, the Sukukholders shall via the trust deed provide their upfront consent for any upsizing of the Sukuk Wakalah Programme provided that:
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Related to Enforcement Event Dissolution Date

  • Early Dissolution Event has the meaning specified in Section 9.2.

  • Dissolution Event has the meaning set forth in Section 6.1.

  • Winding Up Period means the period from the Dissolution Event to the Termination of the Company.

  • Enforcement Event means an Event of Default.

  • Event of Dissolution shall have the meaning set forth in Section 10.1.

  • Scheduled Dissolution Date means, in respect of each Series, the date specified as such in the applicable Final Terms;

  • Dissolution Date means, as the case may be:

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.

  • Payment Event means any of the following:

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Enforcement Period means the period of time following the receipt by either the ABL Agent or the Term Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in the case of an Enforcement Period commenced by the Term Agent, the Discharge of Term Obligations, (b) in the case of an Enforcement Period commenced by the ABL Agent, the Discharge of ABL Obligations, or (c) the ABL Agent or the Term Agent (as applicable) terminates, or agrees in writing to terminate, the Enforcement Period.

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • Put Event means the occurrence of any of the following:

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • Event of dissociation means any of the events listed in Section 8.1 upon which the Member ceases to be a Member.

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.