Governmental Intervention definition

Governmental Intervention means that, with respect to one or more Obligations and in relation to an aggregate amount of not less than the Default Requirement, any one or more of the following events occurs as a result of action taken or an announcement made by a Governmental Authority pursuant to, or by means of, a restructuring and resolution law or regulation (or any other similar law or regulation), in each case, applicable to the Reference Entity in a form which is binding, irrespective of whether such event is expressly provided for under the terms of such Obligation:
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Governmental Intervention means (i) any action taken by any government or agency thereof, subsequent to the formation of the Company, which is material and adverse to any Member, or (ii) any recommendations by any government or agency thereof to the Members or any of them individually, requiring directly or indirectly, formally or informally, alteration or modification of any term or condition of this Agreement or of the Ancillary Agreements, or of the performance of the Members under this Agreement or the Ancillary Agreements in a manner which is material and adverse to one Member.
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Governmental Intervention means that, with respect to the Charged Assets, any one or more of the following events occurs as a result of action taken or an announcement made by a governmental authority pursuant to, or by means of, a restructuring and resolution law or regulation (or any other similar law or regulation), in each case, applicable to the Charged Assets Obligor in a form which is binding, irrespective of whether such event is expressly provided for under the terms of such Charged Assets:
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Examples of Governmental Intervention in a sentence

  • In certain circumstances where (a) "Financial Reference Entity Terms" and "Governmental Intervention" applies in respect of the Reference Entity and there is (i) a Governmental Intervention Credit Event; or (ii) a Restructuring Credit Event in respect of the Reference Obligation where such Restructuring does not constitute a Governmental Intervention or (b) a Restructuring Credit Event occurs in respect of a Sovereign, then a related asset package may also be deliverable.

  • Market Crisis and Governmental Intervention The global financial markets have recently undergone pervasive and fundamental disruptions as a result of the Covid-19 pandemic which have led (and are likely to lead to further) extensive and unprecedented governmental intervention.

  • The Port may waiver demurrage charges when delay of removal of merchandise is caused by acts directly attributable to the Port, Acts of God, Civil Disorder, Insurrections, Riots, Strikes, Labor Stoppage, Carrier Equipment Shortages, or Governmental Intervention.

  • COVID-19 Pandemic - Market Crisis and Governmental Intervention The Coronavirus 2019 (“COVID-19”) pandemic, and actions taken to limit the spread of the coronavirus, have led to disruptions in economic activities worldwide, including in the United States, the EU, the UK, India, Brazil, China, and other countries, and in global financial markets.

  • In certain circumstances where (a) "Financial Reference Entity Terms" and "Governmental Intervention" applies in respect of a Reference Entity and there is (i) a Governmental Intervention Credit Event; or (ii) a Restructuring Credit Event in respect of the Reference Obligation where such Restructuring does not constitute a Governmental Intervention or (b) a Restructuring Credit Event occurs in respect of a Sovereign, then a related asset package may also be deliverable.

  • New Disclosures, Governmental Intervention, and Regulatory Delay M&T filed the Joint Proxy with the SEC, which was declared effective on February 22, 2013, mailed it to all shareholders five days later, and scheduled a vote on the proposal for April.

  • In addition, for certain Credit Linked Securities, Governmental Intervention may apply.

  • Obligation Acceleration] [Obligation Default] [Rating Downgrade] [Repudiation/Moratorium] [Governmental Intervention] [Restructuring: [Multiple Holder Obligation: Applicable] [Mod R: Applicable] 8This relates to the Reference Entity and/or the Reference Obligation.

  • There is a Governmental Intervention, for example, if the interest rate or the amount of principal is reduced for an unsubordinated Obligation of the Reference Entity.

  • The Credit Event Governmental Intervention can occur in the case of financial institutions.


More Definitions of Governmental Intervention

Governmental Intervention means that, with respect to the Reference Asset, any one or more of the following events occurs as a result of action taken or an announcement made by any authority (including, without limitation, Governmental Authorities) pursuant to, or by means of, a restructuring and resolution law or regulation (or any other similar law or regulation), in each case, applicable to the Reference Entity in a form which is binding, irrespective of whether such event is expressly provided for under the terms of the Reference Asset:
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Related to Governmental Intervention

  • Governmental Body means any: (a) nation, state, commonwealth, province, territory, county, municipality, district or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign or other government; or (c) governmental or quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or Entity and any court or other tribunal).

  • Government Entity means (a) any federal, state, provincial or similar government, and any body, board, department, commission, court, tribunal, authority, agency or other instrumentality of any such government or otherwise exercising any executive, legislative, judicial, administrative or regulatory functions of such government or (b) any other government entity having jurisdiction over any matter contemplated by the Operative Documents or relating to the observance or performance of the obligations of any of the parties to the Operative Documents.

  • Governmental Entity means any national, federal, state, municipal, local, territorial, foreign or other government or any department, commission, board, bureau, agency, regulatory authority or instrumentality thereof, or any court, judicial, administrative or arbitral body or public or private tribunal.

  • Government Authority means any foreign or domestic federal, state, provincial, municipal, county, city or local legislative, administrative or regulatory authority, agency, court, body or other governmental or quasi-governmental entity with competent jurisdiction, including any supranational body.

  • Governmental function means an activity that is expressly or impliedly mandated or authorized by constitution, statute, local charter or ordinance, or other law. Governmental function includes an activity performed on public or private property by a sworn law enforcement officer within the scope of the law enforcement officer's authority, as directed or assigned by his or her public employer for the purpose of public safety.

  • Indian Governmental Instrumentality means Government of India, Government of any State in India or any ministry, department, board, authority, agency, corporation, commission under the direct or indirect control of Government of India or any State Government or both, any political sub-division of any of them including any court or Commission or tribunal or judicial or quasi- judicial body in India but excluding the CTU, TSP and the Designated ISTS Customers;

  • Competent Authority and ‘Appellate Authority’ shall mean the following:

  • Regulatory Authority means any federal, national, multinational, state, county, city, provincial, or local regulatory agency, department, bureau or other governmental entity with authority over the marketing, commercialization, manufacture or sale of a pharmaceutical product in the Territory, including the FDA in the United States and the EMA in the EU.

  • Governmental subdivision means any city, county, or combination thereof.

  • Relevant Governmental Body means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.