Renminbi Illiquidity definition

Renminbi Illiquidity means the general Renminbi exchange market in Hong Kong becomes illiquid as a result of which the Issuer cannot obtain sufficient Renminbi in order to satisfy its obligation to pay interest or principal (in whole or in part) in respect of the Notes, as determined by the Issuer acting in good faith and in a commercially reasonable manner following consultation with two Renminbi Dealers;
Renminbi Illiquidity means where the general Renminbi exchange market in Hong Kong becomes illiquid and, as a result of which, DBJ cannot obtain sufficient Renminbi in order to satisfy its obligation to pay interest and principal (in whole or in part) in respect of the Notes as determined by DBJ in good faith and in a commercially reasonable manner following consultation (if practicable) with two Renminbi Dealers.
Renminbi Illiquidity means the general Renminbi exchange market in Hong Kong becomes illiquid as a result of which the Issuer and/or any of its affiliates cannot obtain sufficient Renminbi in order to make a payment or perform any other of its obligations under any Notes denominated in Renminbi, as determined by the Calculation Agent in good faith and in a commercially reasonable manner.

More Definitions of Renminbi Illiquidity

Renminbi Illiquidity means the general Renminbi exchange market in the applicable Renminbi Settlement Centre(s) becomes illiquid as a result of which the Issuer cannot obtain sufficient Renminbi in order to make a payment under the Notes, as determined by the Issuer in a commercially reasonable manner following consultation with two independent foreign exchange dealers of international repute active in the Renminbi exchange market in the applicable Renminbi Settlement Centre(s);
Renminbi Illiquidity means the general Renminbi exchange market in Hong Kong becomes illiquid as a result of which QIB or the Trustee cannot obtain sufficient Renminbi in order to satisfy its obligation to pay amounts due (in whole or in part) in respect of the Certificates, as determined by QIB or the Trustee acting in good faith and in a commercially reasonable manner following consultation with two independent foreign exchange dealers of international repute active in the Renminbi exchange market in Hong Kong;

Related to Renminbi Illiquidity

  • Swiss Franc means the lawful currency of Switzerland.

  • RMB means the lawful currency of the PRC.

  • Singapore Dollars means the lawful currency of Singapore.

  • Hong Kong Dollars means the lawful currency of Hong Kong.

  • Euros means the currency adopted by those nations participating in the third stage of the economic and monetary union provisions of the Treaty on European Union, signed at Maastricht on February 7, 1992.

  • Australian Dollars means the lawful currency of Australia.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Index Currency means USD.

  • Rupees Rs.", “” shall mean Indian rupees, the lawful currency of India;