Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.
Rejection Event means, in respect of the Regulated Benchmark, the relevant competent authority or other relevant official body rejects or refuses any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Regulated Benchmark or the administrator of the Regulated Benchmark under any applicable law or regulation for any of the Issuer, the Calculation Agent or any other entity to perform its obligations in respect of the Notes.
Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Floating Rate Privileged Notes and/or CMS Linked Privileged Notes, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for any of the Issuer, the Calculation Agent or any other entity to perform its obligations in respect of the Floating Rate Privileged Notes and/or CMS Linked Privileged Notes.
Examples of Rejection Event in a sentence
The Processor will, as soon as reasonably practicable after the Rejection Event, notify the Xxxxxx in writing of the rejection of the Milk, including the reasons for such rejection and the associated consequences.
It is the Xxxxxx’x responsibility to arrange for the disposal of the rejected Milk, at the Xxxxxx’x own cost, within 7 calendar days of the Processor notifying the Xxxxxx of the Rejection Event.
It is the Xxxxxx’x responsibility to arrange for the disposal of the rejected Milk, at the Xxxxxx’x own cost, within 7 calendar days of the Processor notifying the Farmer of the Rejection Event.
The Processor will, as soon as reasonably practicable after the Rejection Event, notify the Farmer in writing of the rejection of the Milk, including the reasons for such rejection and the associated consequences.
Further risks are mitigated by the option set out in Clause 17.3.8 of the Terms and Conditions that, if the Base Rate Modification is not completed within 90 calendar days after the Base Rate Modification Event or if a Rejection Event has occurred, the Alternative Base Rate Determination Agent, and the Noteholders of the Class A Notes will in consultation with the Swap Calculation Agent consensually determine a process for the determination of the Alternative Base Rate.
More Definitions of Rejection Event
Rejection Event means, in respect of an Index, the determination by the Calculation Agent that the relevant competent authority or other relevant official body has rejected or refused any application for authorisation, registration, recognition, endorsement, an equivalence decision, approval or inclusion in any official register in relation to such Index or the administrator or sponsor of such Index, with the effect that either the Issuer or the Calculation Agent is not, or will not be, permitted under any applicable law or regulation to use such Index to perform its or their respective obligations under the Index Linked Conditions."
Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or is reasonably likely to reject or refuse any application for authorization, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register which, in each case, is required in relation to the Benchmark, the Index, or the administrator or sponsor of the Benchmark.
Rejection Event means, in respect of an FX Rate, the determination by the Calculation Agent that the relevant competent authority or other relevant official body has rejected or refused any application for authorisation, registration, recognition, endorsement, an equivalence decision, approval or inclusion in any official register in relation to such FX Rate or the administrator or sponsor of such FX Rate, with the effect that either the Issuer or the Calculation Agent is not, or will not be, permitted under any applicable law or regulation to use such FX Rate to perform its or their respective obligations under the FX Linked Conditions."
Rejection Event means, in respect of an Original Primary Rate, the determination by the Calculation Agent that the relevant competent authority or other relevant official body has rejected or refused any application for authorisation, registration, recognition, endorsement, an equivalence decision, approval or inclusion in any official register in relation to such Original Primary Rate or the administrator or sponsor of such Original Primary Rate, with the effect that either the Issuer or the Calculation Agent is not, orwill not be, permitted under any applicable law or regulation to use such Original Primary Rate to perform its or their respective obligations under the Notes; "
Rejection Event means, in respect of a Commodity Reference Price or Commodity Index, the determination by the Calculation Agent that the relevant competent authority or other relevant official body has rejected or refused any application for authorisation, registration, recognition, endorsement, an equivalence decision, approval or inclusion in any official register in relation to such Commodity Reference Price or Commodity Index or the administrator or sponsor of such Commodity Reference Price or Commodity Index, with the effect that either the Issuer or the Calculation Agent is not, or will not be, permitted under any applicable law or regulation to use such Commodity Reference Price or Commodity Index to perform its or their respective obligations under the Commodity Linked Conditions."
Rejection Event means the relevant competent authority or other relevant official body rejects or refuses any application for authorisation, registration, recognition, endorsement, an equivalence decision, approval or inclusion in any official register which, in each case, is required in relation to the Relevant Benchmark(s) or the administrator or sponsor of the Relevant Benchmark(s) for the Issuer, the Swap Counterparty (if any), the Determination Agent, the Interest Calculation Agent and/or Calculation Agent under the Charged Agreement (if any) to perform its or their respective obligations in respect of a Series of Notes or the Charged Agreement in respect of such Series (if any) (as the case may be) in compliance with the Benchmark Regulation and/or UK BMR.
Rejection Event means, in respect of a Reference Rate, the determination by the Interest Calculation Agent that the relevant competent authority or other relevant official body has rejected or refused any application for authorisation, registration, recognition, endorsement, an equivalence decision, approval or inclusion in any official register which, in each case, is required in relation to such Reference Rate or the administrator of such Reference Rate under any applicable law or regulation in order for the Issuer or the Interest Calculation Agent to perform its or their respective obligations under the Notes.