Euro Dissolution Event definition

Euro Dissolution Event means an event by which the Euro ceases to be the lawful currency of one or more Euro Member States, provided that if the Calculation Agent determines that such event shall not trigger a Euro Dissolution Event and notifies the Issuer, the Noteholders and the other Transaction Counterparties of such determination within 2 Business Days of the occurrence of such event, then no Euro Dissolution Event shall be deemed to have occurred.
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Euro Dissolution Event means an event by which the Euro ceases to exist as the lawful currency of all member states of the European Union.
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Euro Dissolution Event. A Mandatory Redemption Event may occur upon the occurrence of a Euro Dissolution Event if specified as an applicable Mandatory Redemption Event. A Euro Dissolution Event will occur if the Euro ceases to be the lawful currency of one or more Euro Member States, provided that if the Calculation Agent determines that such event shall not trigger a Euro Dissolution Event and notifies, amongst others, the Noteholders of such determination within a specified period of the occurrence of such event, then no Euro Dissolution Event shall be deemed to have occurred. Investors should therefore be aware that if the Euro ceases to be the lawful currency of one or more Euro Member States, whether such event constitutes the occurrence of a Euro Dissolution Event, and therefore a Mandatory Redemption Event, may be determined by the Calculation Agent in its discretion and so the Euro Dissolution Event may not, in all cases where the Euro ceases to be the lawful currency of one or more Euro Member States, result in the early redemption of the Notes.
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Examples of Euro Dissolution Event in a sentence

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.


More Definitions of Euro Dissolution Event

Euro Dissolution Event means an event by which the Euro ceases to exist as the lawful currency of all member states of the European Union that adopt the single currency in accordance with the Treaty of Lisbon amending the Treaty on European Union and the Treaty establishing the European Community (signed at Lisbon on 13 December, 2007).Noteholder Settlement Option.
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Euro Dissolution Event if specified as an applicable Mandatory Redemption Event, a Euro Dissolution Event, the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date;
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Euro Dissolution Event. A Mandatory Redemption Event may occur upon the occurrence of a Euro Dissolution Event if specified as an applicable Mandatory Redemption Event. A Euro Dissolution Event will occur if the Euro ceases to be the lawful currency of one or more Euro Member States, provided that if the Calculation Agent determines that such event shall not trigger a Euro Dissolution Event and notifies, amongst others, the Noteholders of such determination within a specified period of the occurrence of such event, then no Euro Dissolution Event shall be deemed to have occurred. Investors should therefore be aware that if the Euro ceases to be the lawful currency of one or more Euro Member States, whether such event constitutes the occurrence of a Euro Dissolution Event, and therefore a Mandatory Redemption Event, may be determined by the Calculation Agent in its discretion and so the Euro Dissolution Event may not, in all cases where the Euro ceases to be the lawful currency of one or more Euro Member States, result in the early redemption of the Notes. AR Automatic Novation: Upon the occurrence of an AR Automatic Novation Event, the rights and obligations of the Issuer under the Swap Agreement will be automatically novated to the Authorised Representative. If, in respect of a Series, “AR Termination Election” is specified as applicable then,
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Euro Dissolution Event. A Mandatory Redemption Event may occur upon the occurrence of a Euro Dissolution Event if specified as an applicable Mandatory Redemption Event. A Euro Dissolution Event will occur if the Euro ceases to be the lawful currency of one or more Euro Member States, provided that if the Calculation Agent determines that such event shall not trigger a Euro Dissolution Event and notifies, amongst others, the Noteholders of such determination within a specified period of the occurrence of such event, then no Euro Dissolution Event shall be deemed to have occurred. Investors should therefore be aware that if the Euro ceases to be the lawful currency of one or more Euro Member States, whether such event constitutes the occurrence of a Euro Dissolution Event, and therefore a Mandatory Redemption Event, may be determined by the Calculation Agent in its discretion and so the Euro Dissolution Event may not, in all cases where the Euro ceases to be the lawful currency of one or more Euro Member States, result in the early redemption of the Notes. AR Automatic Novation: Upon the occurrence of an AR Automatic Novation Event, the rights and obligations of the Issuer under the Swap Agreement will be automatically novated to the Authorised Representative. If, in respect of a Series, “AR Termination Election” is specified as applicable then, following such automatic novation, the AR may, at any time, give the Issuer an AR Termination Election Notice and the Issuer will redeem all of the Notes before their scheduled maturity date at their Mandatory Redemption Amount on the Mandatory Redemption Date. In addition, where “AR
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Related to Euro Dissolution Event

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

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

  • 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.

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

  • Dissolution Date means, as the case may be:

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

  • 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.

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

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Reorganization Event has the meaning specified in Section 5.6(b).

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • 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).

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

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Distribution Event means any insolvency, bankruptcy, receivership, liquidation, reorganization or similar proceeding (whether voluntary or involuntary) relating to the Company or its property, or any proceeding for voluntary or involuntary liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or bankruptcy.

  • Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(ii) of the Agreement.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Total dissolved solids means the total dissolved (filterable) solids as determined by use of the method specified in 40 CFR Part 136 (2000).

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Liquidating Events shall have the meaning set forth in Section 13.1.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(g)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease, or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Common Stock shall be entitled to receive cash, securities or other property for their shares of PubCo Common Stock.