Reserve Matter Modification definition

Reserve Matter Modification means any Modification constituting a Reserve Matter.

Reserve Matter Modification means any Modification to the Terms of the Debt Securities of any Series, or to this Indenture insofar as it affects the Debt Securities of any Series, that would:

Reserve Matter Modification means any Modification to the Terms of the Debt Securities of any Series, or to this Indenture insofar as it affects the Debt Securities of any Series, that would: i. change the date on which any amount is payable on the Debt Securities;

Examples of Reserve Matter Modification in a sentence

• Any Modification constituting or including a Reserve Matter Modification to the terms and conditions of the Securities of a single series, or to this Agreement insofar as it affects the Securities of a single series, may be made, and future compliance therewith may be waived, with the written consent of the Issuer and the affirmative vote or consent of holders of more than 75% of the aggregate principal amount of the outstanding Securities of that series.

• Any Single Series Reserve Matter Modification may be made, and future compliance therewith may be waived, with the written consent of the Province and the affirmative vote or consent of Holders of more than 75% of the aggregate principal amount of the Outstanding Debt Securities of that Series.

• Prior to any vote on, or consent solicitation for, a Reserve Matter Modification, the Province shall deliver to the Trustee a certificate signed by an Authorized Officer specifying any Debt Securities that are deemed not to be Outstanding for the purpose of Section 11.10.

• It is understood that a Cross-Series Modification constituting or including a Reserve Matter Modification to the terms and conditions of the affected Securities that is not Uniformly Applicable must be effected pursuant to the paragraph immediately preceding this paragraph; a Cross-Series Modification that is Uniformly Applicable may be effected pursuant to the paragraph immediately preceding the preceding paragraph or to the immediately preceding paragraph, at the Issuer’s option.

• Prior to any vote on, or consent solicitation for, a Reserve Matter Modification, the Province shall deliver to the Trustee a certificate signed by an Authorized Officer specifying any Debt Securities that are deemed not to be Outstanding for the purpose of Section 12.10.

More Definitions of Reserve Matter Modification

Reserve Matter Modification has the meaning given to that term in subsection (e) above.

Reserve Matter Modification shall have the meaning shall have the meaning set forth in Section 11.8.

Reserve Matter Modification means any Modification constituting a Reserve Matter. EXHIBIT D AUTHORIZATION Reference is made to the Trust Indenture dated as of [ ] (the “Indenture”) between the Republic of Uruguay (the “Republic”), Banco Central del Uruguay, as financial agent of the Republic and The Bank of New York, as trustee (the “Trustee”). Terms used but not otherwise defined herein shall have the meanings ascribed to them in the Indenture. The undersigned, acting on behalf of the Republic in the capacity specified below, hereby certifies that:

Reserve Matter Modification shall have the meaning set forth in Section 13.6(d). “Reserves Certificate” means the certificate issued by the Province’s Ministry of Hydrocarbons detailing the Proven Reserves and Probable Reserves calculated as of the date on which the certificate is issued, and reflecting the calculation of the Reserve Adequacy Ratio and the Minimum Reserve Adequacy Ratio, together with all the supporting documentation.

Reserve Matter Modification means any Modification to the terms of the Securities of any Series, or to this Fiscal Agency Agreement insofar as it affects the Securities of any Series, that would: (A) change the date on which any amount is payable on the Securities; (B) reduce the principal amount (other than in accordance with the express terms of the Securities and this Fiscal Agency Agreement) of the Securities; (C) reduce the interest rate on the Securities; (D) change the method used to calculate any amount payable on the Securities (other than in accordance with the express terms of the Securities and this Fiscal Agency Agreement); (E) change the currency or place of payment of any amount payable on the Securities; (F) modify Israel’s obligation to make any payments on the Securities (including any redemption price therefor); (G) change the identity of the obligor under the Securities;(H) change the definition of “Outstanding” or the percentage of affirmative votes or written consents, as the case may be, required for the taking of any action pursuant to Section 11-2(e), Section 11-2(f) or Section 11-2(g); (I) change the definition of “Uniformly Applicable” or “Reserve Matter Modification”; (J) authorize the Fiscal Agent, on behalf of all holders of the Securities, to exchange or substitute all the Securities for, or convert all the Securities into, other obligations or securities of Israel or any other Person (as defined in the Securities); or (K) change the legal ranking, governing law, agreement to arbitrate, submission to jurisdiction in Israel or waiver of immunities provisions of the terms of the Securities. - 5 -

Reserve Matter Modification shall have the meaning set forth in Section 11.8. “Reserve Matters” shall have the meaning set forth in Section 11.8.

Reserve Matter Modification means any Modification to the terms of the Securities of any Series, or to this Fiscal Agency Agreement insofar as it affects the Securities of any Series, that would: (A) change the date on which any amount is payable on the Securities; (B) reduce the principal amount (other than in accordance with the express terms of the Securities and this Fiscal Agency Agreement) of the Securities; (C) reduce the interest rate on the Securities; (D) change the method used to calculate any amount payable on the Securities (other than in accordance with the express terms of the Securities and this Fiscal Agency Agreement); (E) change the currency or place of payment of any amount payable on the Securities; (F) modify Israel’s obligation to make any payments on the Securities (including any redemption price therefor); (G) change the identity of the obligor under the Securities; (H) change the definition of “Outstanding” or the percentage of affirmative votes or written consents, as the case may be, required for the taking of any action pursuant to Section 11-2(e), Section 11-2(f) or Section 11-2(g); (I) change the definition of “Uniformly Applicable” or “Reserve Matter Modification”; (J) authorize the Fiscal Agent, on behalf of all holders of the Securities, to exchange or substitute all the Securities for, or convert all the Securities into, other obligations or securities of Israel or any other Person (as defined in the Securities); or (K) change the legal ranking, governing law, agreement to arbitrate, submission to jurisdiction in Israel or waiver of immunities provisions of the terms of the Securities.