Foreign Ownership Event definition

Foreign Ownership Event means that the Issuer and/or its affiliates is unable, after using commercially reasonable efforts to acquire, establish, re-establish, substitute or maintain any transaction(s) or asset(s) it deems necessary to hedge the equity price risk of entering into and performing its obligations with respect to the Securities due to any restriction imposed by a share issuer, any court, tribunal or regulatory authority with competent jurisdiction on the ability of a person to acquire or own the relevant Component, by virtue of being a foreign person. If both Change in Law and Foreign Ownership Event are specified to be applicable in the relevant Pricing Supplement, where an event or circumstance that would otherwise (but for this provision) constitute a Foreign Ownership Event also constitutes a Change in Law, such event shall be deemed to be a Change in Law and shall not constitute a Foreign Ownership Event.
Foreign Ownership Event means that the Hedging Party is unable, after using commercially reasonable efforts to acquire, establish, re-establish, substitute or maintain any transaction(s) or asset(s) it deems necessary to hedge the equity price risk of entering into and performing its obligations with respect to the relevant Transaction due to any restriction imposed by the Issuer, any court, tribunal or regulatory authority with competent jurisdiction on the ability of a person to acquire or own Shares or one or more component securities of the relevant Index, as applicable, by virtue of being a foreign person. If an event or circumstance that would otherwise (but for this provision) constitute a Foreign Ownership Event also constitutes a Change in Law, it will be deemed to be a Change in Law and will not constitute a Foreign Ownership Event.” Consequences of a Foreign Ownership Event: If “Foreign Ownership Event” is specified in the relevant Transaction Supplement to be Applicable, then upon the occurrence of a Foreign Ownership Event, the Hedging Party may elect to terminate the affected Transaction upon at least two Scheduled Trading Day’s notice to the Non-Hedging Party specifying the date of such termination (or such lesser notice period as may be required to comply with the restriction that caused the Foreign Ownership Event, if applicable), in which event the Transaction will terminate and the Calculation Agent will determine the Cancellation Amount, calculated in accordance with Section 12.7(b)(ii) of the Equity Definitions, payable by one party to the other. Hedging Party: [●] The definition of “Hedging Party” in Section 12.9(a)(ix) of the Equity Definitions shall be deleted and replaced with:
Foreign Ownership Event means that the Hedging Party is unable or would be unable, after using commercially reasonable efforts to (i) acquire, establish, re-establish, substitute or maintain any transaction(s) or asset(s) the Calculation Agent deems necessary to hedge or be able to hedge the equity price risk of the Swap Counterparty performing its obligations with respect to the Swap Transaction; or (ii) realise, recover or remit the proceeds of any such transaction(s) or asset(s), in each case, due to any restriction imposed by the issuer or obligor in respect of any Component Security, any court, tribunal or regulatory authority with competent jurisdiction on the ability of a person to acquire or own the relevant Component Security, by virtue of being a foreign person. If Foreign Ownership Event is specified under Additional Disruption Event(s) in Annex 2, where an event or circumstance that would otherwise (but for this provision) constitute a Foreign Ownership Event also constitutes a Change in Law, such event shall be deemed to be a Change in Law and shall not constitute a Foreign Ownership Event.

Examples of Foreign Ownership Event in a sentence

  • Examples of such provisions may include, in whole or in part, those relating to (i) Foreign Ownership Event, (ii) FX Disruption, (iii) Hedging Arrangement, a Hedging Position or Hedge Proceeds, (iv) a Hedging Disruption, (v) an Increased Cost of Hedging, (vi) a Loss of Stock Borrow, (vii) a Jurisdictional Event, (viii) a Fund Hedging Disruption, (viii) Interest and Currency Rate Additional Disruption Event, (ix) a Fund Hedging Fee Arrangement Event or (x) Payment of Adjusted Amount.

  • Averaging: The following constitute Additional Disruption Event(s) in respect of Index Linked Securities: Foreign Ownership Event: Increased Cost of Stock Borrow: The time at which the official level of the Index is calculated and published by the Index Sponsor.

  • Averaging: The following constitute Additional Disruption Event(s) in respect of Index Linked Securities: Foreign Ownership Event: Increased Cost of Stock Borrow: Loss of Stock Borrow: Index Adjustment Event: The time at which the official level of the Index is calculated and published by the Index Sponsor.

  • Averaging: The following constitute Additional Disruption Event(s) in respect of Share Linked Securities: Foreign Ownership Event: The time at which the official closing price of the Reference Asset is published by the relevant Exchange.

  • Averaging: The following constitute Additional Disruption Event(s) in respect of Index Linked Securities: Foreign Ownership Event: Increased Cost of Stock Borrow: Loss of Stock Borrow: Index Adjustment Event: The time at which the official closing level of the Index is calculated and published by the Index Sponsor.


More Definitions of Foreign Ownership Event

Foreign Ownership Event means that the Issuer and/or any of its Affiliates is unable, after using commercially reasonable efforts, to hold, acquire, establish, re-establish, substitute or maintain any Hedge Positions, due to any foreign ownership restriction imposed by the issuer of and/or counterparty to such Hedge Positions, or any court, tribunal or regulatory authority having competent jurisdiction with respect to the ability of the Issuer and/or any of its Affiliates to hold, acquire, maintain or own such Hedge Positions.

Related to Foreign Ownership Event

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • foreign company means any company or body corporate incorporated outside India which—

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Change in Ownership or Control means a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code.

  • Business Transaction means any initial merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses involving the Company.

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Change in Control of the Company means the occurrence of any of the following events:

  • OFAC Event means the event specified in Section 8.13(c) hereof.

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • Foreign Casualty Event shall have the meaning assigned to such term in Section 2.05(b)(viii).

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Real estate transaction or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property. For purposes of this chapter, a prospective transaction does not exist until a written offer has been signed by at least one of the parties.

  • Constructive Ownership means ownership of Shares by a Person, whether the interest in the Shares is held directly or indirectly (including by a nominee), and shall include interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.

  • Domestic Foreign Holding Company means any Domestic Subsidiary that is a disregarded entity for U.S. federal income tax purposes with no material assets other than Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries and other assets incidental thereto.

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

  • Wholly Owned Domestic Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Domestic Subsidiary.

  • Ownership Change means a change in a hospital’s owner, lessor, or operator under 42 CFR 489.18(a).

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.

  • Security Event means an immediately reportable subset of security incidents which incident would include: a. A suspected penetration of Contractor’s information system of which the Contractor becomes aware of but for which it is not able to verify immediately upon becoming aware of the suspected incident that PHI was not accessed, stolen, used, disclosed, modified, or destroyed; b. Any indication, evidence, or other security documentation that the Contractor’s network resources, including, but not limited to, software, network routers, firewalls, database and application servers, intrusion detection systems or other security appliances, may have been damaged, modified, taken over by proxy, or otherwise compromised, for which Contractor cannot refute the indication of the time the Contractor became aware of such indication; c. A breach of the security of the Contractor’s information system(s) by unauthorized acquisition, including, but not limited to, access to or use, disclosure, modification or destruction, of unencrypted computerized data and which incident materially compromises the security, confidentiality, or integrity of the PHI; and or, d. The unauthorized acquisition, including but not limited to access to or use, disclosure, modification or destruction, of unencrypted PHI or other confidential information of the County by an employee or authorized user of Contractor’s system(s) which materially compromises the security, confidentiality, or integrity of PHI or other confidential information of the County. If data acquired (including but not limited to access to or use, disclosure, modification or destruction of such data) is in encrypted format but the decryption key which would allow the decoding of the data is also taken, the parties shall treat the acquisition as a breach for purposes of determining appropriate response.

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.