Reversal Event definition

Reversal Event means the reversal, rescission, or termination of a Competency Decision in respect of any person by way of Court order or by way of any other procedure under the applicable laws pursuant to which the Competency Decision was issued, and additionally means in the case of Fxxxx Xxxxxxxx only, that Fxxxx Xxxxxxxx’x ability to exercise his powers, as and when required under the First Authorization, are subsequently restored (where Fxxxx Xxxxxxxx had previously failed or been unable to exercise those powers other than by reason of death, Mental Incompetency or abstention);
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Reversal Event means a Reversal Event as determined in accordance with Section 8.4;
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Reversal Event means the occurrence of any of the events set out in clause 7.1(b) of the Deed of Amendment.
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Examples of Reversal Event in a sentence

  • Landlord shall have the right to collect Reserves on an annual basis until the occurrence of a Reserve Reversal Event (subject to the terms of Section 30.04).

  • Upon a Reserve Reversal Event, no further Reserves shall be required hereunder regarding the applicable Reserve Period and any Reserves and/or Letter of Credit (as defined in Section 30.06(d) below) held by Landlord or Mortgagee shall be immediately released and/or returned, as the case may be, to Tenant; provided, however, that Reserves and/or Letter of Credit shall again be required as provided herein in connection with any subsequent Reserve Period.

  • Upon a Reserve Reversal Event, no further Reserves shall be required and any Reserves and/or Letter of Credit (as defined in Section 30.06(d) below) held by Landlord or Mortgagee shall be immediately released and/or returned, as the case may be, to Tenant.

  • Landlord shall have the right to collect Reserves on an annual basis until the occurrence of a Reserve Reversal Event (defined in Section 30.06 (g) below).

  • If a Reversal Event occurs in respect of Belinda’s Mental Incompetency or if her Insolvency proceedings conclude and if at that time she continues to own any Class A Special Shares, then sections 3 and 4 of this Agreement shall thereupon be fully reinstated without derogation from her rights hereunder and without prejudice to any actions taken by the Corporation, by any Shareholder or by any other person during the period of such termination.

  • For greater certainty, upon the occurrence of a Reversal Event involving Fxxxx Xxxxxxxx, the right of Stronach Trust to exercise the Option shall be fully reinstated until the earlier of (1) the Expiration Date; and (2) the date of the occurrence of the next Transition Event.

  • In addition, immediately upon the death, Mental Incompetency or Insolvency of Bxxxxxx before the occurrence of a Transition Event or after a Reversal Event involving Fxxxx Xxxxxxxx, the provisions of sections 3 and 4 of this Agreement, in their entirety, shall terminate and shall not be of any further force or effect.

  • Landlord shall have the right to collect Reserves on an annual basis until the occurrence of a Reserve Reversal Event (defined below).

  • This, coupled with the fact that the written agreement is still in existence, as indeed the plaintiff has not sought cancellation thereof, makes it demonstrably clear that the defendant has a bona fide defence.

  • If a Reversal Event occurs in respect of Belinda's Mental Incompetency or if her Insolvency proceedings conclude and if at that time she continues to own any Class A Special Shares, then sections 2 and 3 of this Agreement shall thereupon be fully reinstated without derogation from her rights hereunder and without prejudice to any actions taken by the Corporation, by any Shareholder or by any other person during the period of such termination.


More Definitions of Reversal Event

Reversal Event means the occurrence of one or more events at any given point in time during the Term that may result in a Reversal;
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Reversal Event refers to the sequestration (of an individual) or liquidation (if a company) of the Borrower and the stipulated conditions under Section 12J of the Income Tax Act regarding premature alienation of the VCC shares;
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Related to Reversal Event

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • Special Event means any of a Tax Event, an Investment Company Event or a Capital Treatment Event.

  • Occurrence means an accident, including continuous or repeated exposure to substantially the same general harmful conditions.

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Significant Event means any Amortization Event or Event of Default.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.