Impossibility Event definition

Impossibility Event has the meaning given to such term in Section 27.
Sample 1Sample 2Sample 3
Impossibility Event means any catastrophe, armed conflict, act of terrorism, riot or any other circumstance beyond the party's reasonable control affecting the operations of the party;
Sample 1Sample 2
Impossibility Event means any event due to (i) the occurrence of a natural or man-made disaster, (ii) armed conflict, (iii) act of terrorism, (iv) riot, (v) act of state, (vi) a failure by Company to meet internal projections or forecasts or published revenue or earnings predictions for any period ending on or after the date of this Agreement (provided, however, that the facts and circumstances underlying any such failure may, except as may be provided in clauses (i) through (viii) of this definition, be considered in determining whether a Material Adverse Change has occurred), (vii) conditions generally affecting the industries in which the Company participates, national, regional or world economies or financial markets or (viii) any effect arising primarily out of or resulting primarily from actions contemplated by the parties in connection with, or which is primarily attributable to, the announcement or pendency of this Agreement and the transactions contemplated hereby.
Sample 1Sample 2

Examples of Impossibility Event in a sentence

  • If, Eurex Clearing AG determines , under consideration of all applicable German laws, that the fulfilment of any obligation under any Transaction or any Clearing Agreement becomes impossible for any reason whatsoever (excluding the occurrence of any Market Disorder Event) ("Impossibility Event").

  • If, Eurex Clearing AG determines that the fulfillment of any obligation under any Swap Transaction or the FCM Clearing Agreement becomes impossible for any reason whatsoever (excluding the occurrence of any Market Disorder Event) (" Impossibility Event").

  • An Early Termination Event is defined as a Tax Event, a Legislative Event, an Investor Default Event, an Impossibility Event, an Index Cancellation Event or a Market Disruption Event.

  • Westpac decides in its discretion both whether to accept an early withdrawal request and the amount payable to you on early withdrawal (the Early Withdrawal Amount).• Early Termination risk: Westpac Maximiser may be terminated early by Westpac if a Tax Event, a Legislative Event, an Investor Default Event, an Index Cancellation Event, an Impossibility Event or a Market Disruption Event occurs.

  • Where: a Suspension Event continues to exist on the Long-Stop Date, then an Impossibility Event shall be deemed to have occurred in respect of the relevant EU Emissions Allowance Transaction.

  • Where a Suspension Event continues to exist on the Long-Stop Date, then an Impossibility Event shall be deemed to have occurred in respect of the relevant EU Emissions Allowance Transaction.


More Definitions of Impossibility Event

Impossibility Event means a moratorium, standstill, postponement or other restriction of access to transfer facilities needed with respect to payment obligations by the Securities Issuer to or to the order of any Secured Creditor under the Notes (including for the avoidance of doubt the Issuer and the Swap Counterparty) whether or not imposed or declared by a Governmental Authority
Sample 1
Impossibility Event means any event due to (i) the occurrence of a natural or man-made disaster, (ii) armed conflict, (iii) act of terrorism, (iv) riot, (v) act of state, (vi) a failure by Company to meet internal projections or forecasts or published revenue or earnings predictions
Sample 1
Impossibility Event means any catastrophe, armed conflict, act of terrorism, riot or any other circumstance beyond the party’s reasonable control affecting the operations of the party;
Sample 1
Impossibility Event means any event due to (i) the occurrence of a natural or man-made disaster, (ii) armed conflict, (iii) act of terrorism, (iv) riot, (v) act of state, (vi) a failure by Company to meet internal projections or forecasts or published revenue or earnings predictions for any period ending on or after the date of this Agreement, (vii) conditions generally affecting the industries in which the Company participates, national, regional or world economies or financial markets, (viii) any effect arising primarily out of or resulting primarily from actions contemplated by the parties in connection with, or which is primarily attributable to, the announcement or pendency of this Agreement and the transactions contemplated hereby or (ix) any other similar circumstance beyond the control of the applicable Person.
Sample 1

Related to Impossibility Event

  • Non-Viability Event means the earlier of:

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Delay Event means any event set out at Clause 5.19.4 [Delay Events].

  • Disruption Event means either or both of:

  • Inconvertibility Event means the occurrence, as determined by the Calculation Agent in its sole and absolute discretion, of any action, event or circumstance whatsoever which, from a legal or practical perspective:

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

  • Illegality Event means that:

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Extraordinary Event means any event, circumstance or cause which Royal Bank determines has or will have a material adverse effect on the ability of Royal Bank to perform its obligations under the Notes or to hedge its position in respect of its obligation to make payment of amounts owing thereunder, including as a result of any of Royal Bank’s internal policies, and more specifically includes a Market Disruption Event in respect of any Share or Hedging Event.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Warranty Event As to any Asset, the discovery that as of the related Cut-Off Date or Funding Date there had existed a breach of any representation or warranty relating to such Asset and the continuance of such breach through any applicable determination date or beyond any applicable cure period.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • Significant Event means any Amortization Event or Event of Default.

  • Security Event means an immediately reportable subset of security incidents which incident would include:

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Equity Event is the receipt by Borrower, on or after March 6, 2018 and on or prior to June 30, 2018, of unrestricted net cash proceeds of not less than Thirty Million Dollars ($30,000,000.00) from (i) the issuance and sale by Borrower of its unsecured subordinated convertible debt and/or equity securities and/or (ii) “up front” or milestone payments in connection with a joint venture, collaboration or other partnering transaction.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Event shall have the meaning set forth in Section 2(d).

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.