Extension Event I definition

Extension Event I has the meaning set forth in Article 8.D.
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Extension Event I shall have the meaning ascribed to it in Section 17.1.
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Examples of Extension Event I in a sentence

  • An Extension Event I, Extension Event II or Extension Event III may occur independently of any other Extension Event and an Extension Event may be followed by a different type of Extension Event for a subsequent Accrual Period during the Extension Period if the requirements for such Extension Event have been satisfied.

  • An "Optional Extension Event" shall mean either an Optional Extension Event I or an Optional Extension Event II, as the case may be.

  • An "Optional Extension Event I" with respect to an Extension Period will occur as of any Extension Determination Date, if, on or prior to such Extension Determination Date, the Risk Transferor has delivered an Optional Extension Notice in respect of which the Risk Transferor has not subsequently delivered an Optional Extension Discontinuation Notice.

  • Extension Event I Spread 2.00% per annum (“Extension Event I Spread”).

  • Extension Spread The Extension Event I Spread, Extension Event II Spread orExtension Event III Spread, as the case may be (“Extension Spread”).

  • Extension Event An "Extension Event" will occur as of an Extension Determination Date ifa Mandatory Extension Event has occurred or if an Optional Extension Event I or an Optional Extension Event II has occurred and is continuing.

  • Any of an Extension Event I, Extension Event II orExtension Event III, as the case may be, (each, an “Extension Event”).

  • An “Extension Event” shall be either an Extension Event I or an Extension Event II.

  • An Extension Event I may be followed by an Extension Event II if the conditions for an Extension Event II have been satisfied.

  • An Extension Event II may occur without the occurrence of an Extension Event I.

Related to Extension Event I

  • Grace Period Extension Date means, if:

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Suspension Event As defined in Section 5(b) hereof.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.

  • Extension Date has the meaning specified in Section 2.19(b).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Covenant Suspension Event has the meaning set forth in Section 4.18.

  • Canadian Pension Event means (a) the voluntary whole or partial wind up of a Canadian Pension Plan by any Loan Party or Restricted Subsidiary; (b) the withdrawal of a Borrower or Restricted Subsidiary from a Canadian Union Plan; (c) the filing of a notice of intent to terminate in whole or in part a Canadian Pension Plan or Canadian Union Plan or the treatment of a Canadian Pension Plan or Canadian Union Plan amendment as a termination or partial termination; (d) the institution of proceedings by any Governmental Authority to terminate in whole or in part or have a trustee appointed to administer a Canadian Pension Plan or Canadian Union Plan, or (e) any other event or condition which might constitute grounds for the termination of, winding up or partial termination or winding up or the appointment of trustee to administer, any Canadian Pension Plan or Canadian Union Plan.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Reduction Event means any of the following:

  • 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.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Extension Conditions Defined in Section 3.06(a).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Extension Term means the time period defined in §2.C.

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Commitment Termination Event means (a) the occurrence of any Event of Default described in clauses (a) through (d) of Section 8.1.9, or (b) the occurrence and continuance of any other Event of Default and either (i) the declaration of the Loans to be due and payable pursuant to Section 8.3, or (ii) in the absence of such declaration, the giving of notice to the Borrower by the Administrative Agent, acting at the direction of the Required Lenders, that the Commitments have been terminated.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.