Reimbursement Under Special Circumstances definition

Reimbursement Under Special Circumstances means a special reimbursement of the Deposits, prior to the Maturity Date, in the circumstances and the manner described under “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.
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Reimbursement Under Special Circumstances means a special reimbursement of the Deposit Notes, prior to the Maturity Date, in the circumstances and the manner described under “Description of the Deposit Notes – Reimbursement Under Special Circumstances and Payment”.
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Reimbursement Under Special Circumstances means cases where, in the opinion of the Bank acting reasonably and in good faith, an amendment is made to an act or regulation; to taxation practices, policies or administration; or an event occurs caused by circumstances beyond the control of the Bank making it illegal or disadvantageous, from a legislative or regulatory point-of-view, or disadvantageous, from a financial point- of-view, for the Bank to allow the Notes to remain outstanding.
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Examples of Reimbursement Under Special Circumstances in a sentence

  • With the exception of a payment made upon a Reimbursement Under Special Circumstances, no payment will be made prior to the Maturity Date.

  • See “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • In the event of a Reimbursement Under Special Circumstances for which the Bank has opted to redeem the Deposits of a series, the Bank, acting in good faith, will set a date for the reimbursement of the particular Deposits (the “Special Reimbursement Date”) and the maturity date will be accelerated to the Special Reimbursement Date.

  • As provided hereunder, certain other extraordinary events affecting the underlying interest may be deemed to constitute a Special Circumstance and entitle the Bank to proceed with a Reimbursement Under Special Circumstances.

  • Reimbursement Under Special Circumstances and Payment In the event of a Special Circumstance, all of the outstanding Deposits of a series may be redeemed, at the option of the Bank (a “Reimbursement Under Special Circumstances”) upon 30 Business Days’ prior notice furnished in writing by the Bank in the manner set forth under “Related Matters – Notice to Holders”.

  • See “Description of the Deposit Notes – Reimbursement Under Special Circumstances and Payment”.

  • With the exception of a payment made upon a Reimbursement Under Special Circumstances or the Guaranteed Annual Interest, no payment will be made prior to the Maturity Date.

  • In addition, if prior to the Final Valuation Date for the determination of the Maturity Redemption Payment or other payment for the particular Deposits, a Market Disruption Event occurs and continues for at least five consecutive Business Days, then the Bank may, in its sole discretion, treat this as a Special Circumstance and proceed with a Reimbursement Under Special Circumstances.

  • With the exception of a payment made upon a Reimbursement Under Special Circumstances, no payment will be made prior to maturity.

  • If the Bank determines, in its discretion, that there is no such replacement fund managed by the Reference Fund manager that is suitable, or that the index tracked by the Reference Fund is not a suitable or possible replacement, the Bank may then at its discretion select a mutual fund managed by another fund manager or consider this as a Special Circumstance and proceed with a Reimbursement Under Special Circumstances.

Related to Reimbursement Under Special Circumstances

  • Special Circumstances means either or both of the following:

  • Special Circumstance means an event where, in the opinion of the Bank acting reasonably and in good faith, an amendment or a change is made to a taxation act or regulation, to taxation practices, policies or administration, to the interpretation of a taxation act or regulation or taxation practice, policy or administration; or an event occurs, now or in future, caused by circumstances beyond the control of the Bank making it illegal or disadvantageous, from a legislative or regulatory point-of-view, or disadvantageous, from a financial point- of-view, for the Bank to allow the Deposits of such series to remain outstanding. As provided hereunder, certain other extraordinary events affecting the underlying interest may be deemed to constitute a Special Circumstance and entitle the Bank to proceed with a Reimbursement Under Special Circumstances.

  • Exceptional Circumstances : shall mean one or more unavoidable circumstances, as determined by the ISO, that individually or collectively render as unavailable the data necessary for the ISO to perform an audit and review of a Market Party, pursuant to Section 23.4.5.6.2 of this Services Tariff. Exceptional Circumstances may include, but are not limited to: the inaccessibility of the physical facility; the inaccessibility of necessary documentation or other data; and the unavailability of information regarding the regulatory obligations with which the Market Party will be required to comply in order to return its Generator to service which regulatory obligations are not yet known but which will be made known by the applicable regulatory authority under existing laws and regulations provided that none of the above described circumstances are the result of delay or inaction by the Market Party. The magnitude of the repair cost, alone, shall not be an Exceptional Circumstance.

  • Exigent Circumstances means circumstances where collection or disclosure is urgently necessary, such that procedures that would otherwise be required cannot be followed.

  • Exigent Circumstance means a Covered Person either has a Condition that may seriously jeopardize his or her life, health, or ability to regain maximum function or is undergoing a current course of treatment using a non-Formulary medication. The request for an expedited review should include the following support:

  • Extenuating Circumstances means the inability to perform at an optimum level arising from one or more of the reasons set out in clause 6.1.

  • Special Eurodollar Circumstance means the application or adoption after the Closing Date of any Law or interpretation, or any change therein or thereof, or any change in the interpretation or administration thereof by any Governmental Agency, central bank or comparable authority charged with the interpretation or administration thereof, or compliance by any Lender or its Eurodollar Lending Office with any request or directive (whether or not having the force of Law) of any such Governmental Agency, central bank or comparable authority.

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other

  • Aggravated circumstances means circumstances in which a parent:

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Uncontrollable Circumstance means any act, event or condition that is:

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Reimbursement insurance policy means a policy of insurance

  • Reasonable in the circumstances means using no more force than is needed.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Reimbursement Date shall have the meaning provided in Section 3.4(a).

  • Special event permit means a permit granted by the Division

  • Disbursement Agreement that certain Master Disbursement Agreement, dated as of , 2002, among the Borrower, the Administrative Agent and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement.

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Change in Circumstance means any significant change to you, including but not limited to:

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Sustainability Structuring Agent means PNC Capital Markets LLC.