Non-Approval Event means, in respect of the Benchmark:
Non-Approval Event means, in respect of an FX Rate, the determination by the Calculation Agent that one or more of the following events has occurred:
Non-Approval Event means, as of any date of determination, an event that (x) will be deemed to have occurred if the ratio (measured on a rolling-six month basis) of (i) the number of Asset Approval Requests resulting in Non-Approved Loans over (ii) the total number of Asset Approval Requests is greater than 50% and (y) will be continuing until the conditions set forth in clause (x) of this definition are no longer true.
Examples of Non-Approval Event in a sentence
Notwithstanding anything to the contrary herein, no Prepayment Fee shall be due in respect of any prepayment or permanent reduction of the Facility Amount occurring (i) during the continuation of a Non-Approval Event, (ii) following acceleration of the Obligations pursuant to Section 13.2 or (iii) in connection with a proposed restructuring as set forth in the last paragraph of Section 17.2.
A "Non-Approval Event" occurs if, by 15 March 2020, the Issuer fails to obtain the permission of the Competent Authority pursuant to Article 129(2) of the Slovenian Banking Act (Zakon o bančništvu – "ZBan-2") to include the Notes in whole in the calculation of its Tier 2 capital pursuant to Article 71 of the CRR.
More Definitions of Non-Approval Event
Non-Approval Event means an event that (x) will be deemed to have occurred if the ratio (measured on a rolling three-month basis) of (i) the number or Dollar amount of Approval Requests for loans that satisfy the requirements of an Eligible Collateral Loan rejected by the Administrative Agent over (ii) the total number or aggregate Dollar amount of Approval Requests is greater than 70% and (y) will be continuing until the conditions set forth in clause (x) of this definition are no longer true; provided that, until ten (10) loans have been submitted for approval to the Administrative Agent by the Servicer, the ratio of clause (x)(i) over clause (x)(ii) shall be deemed to be zero.
Non-Approval Event means, in respect of a Reference Rate, the determination by the Issuer that one or more of the following events has occurred:
Non-Approval Event has the meaning assigned to such term in the Lender Fee Letter.
Non-Approval Event means the occurrence of any of the following events:
Non-Approval Event means, as of any date of determination, an event that (a) will be deemed to have occurred if the quotient of (i) the aggregate Outstanding Balance of the Loan Assets out of the last fifteen (15) Eligible Loan Assets (other than with respect to clause 1 of the definition thereof) submitted by the Borrower to the Administrative Agent which the Administrative Agent has rejected divided by (ii) the aggregate Outstanding Balance of such fifteen (15) Loan Assets, is greater than 50% and (b) will be continuing until the conditions set forth in clause (a) of this definition are no longer satisfied; provided that, until fifteen (15) Eligible Loan Assets have been submitted to the Administrative Agent by the Borrower, the ratio of clause (a)(i) over clause (a)(ii) shall be deemed to be zero.
Non-Approval Event means, in respect of a Commodity Reference Price or Commodity Index, the determination by the Calculation Agent that one or more of the following events has occurred:
Non-Approval Event means, in respect of any Benchmark: