Sanctions Event definition

Sanctions Event means the event specified in Section 6.21(c).

Sanctions Event means the events listed in condition 25.1.

Sanctions Event means any event or activity which results in or could result in any of the Contracted Party, any member of its management bodies or other governing bodies or any of its shareholders, being or becoming a Sanctioned Person.

Examples of Sanctions Event in a sentence

• As such, the amount due to Noteholders following a Sanctions Event End Date may be reduced by any negative interest.

• Neither the Trustee nor the Calculation Agent shall not have any obligation, responsibility or liability for giving or not giving any notice thereof to the Issuer or any Secured Creditor or be liable for any loss occasioned by the occurrence of a Sanctions Event.

• If the Company and/or its Controlled Entities shall undertake any actions to remedy any such Noteholder Sanctions Event, the Company shall keep the holders reasonably and timely informed of such actions and the results thereof.

• The suspension shall end, and the parties shall resume performance of their obligations as soon as reasonably and lawfully practicable following cessation of the Sanctions Event; and (iii) the other party may, at any time during which the Sanctions Event is continuing, terminate the Agreement by notice to the party to whom the Sanctions Event applies.

• No party shall be liable for non- performance of any of its obligations during the period of suspension, provided that the party to whom the Sanctions Event applies shall continue to use all reasonable efforts to resolve, and shall keep the other party informed of developments with respect to, the Sanctions Event.

More Definitions of Sanctions Event

Sanctions Event has the meaning set forth in Section 7.01(43).

Sanctions Event means the event specified in Section 9.17(c).

Sanctions Event means (a) the Issuer becomes a Sanctioned Person; (b) any Consenting Bondholder becomes a Sanctioned Person; or (c) being a party to the Agreement or performance or exercise of any obligations or rights hereunder would constitute a breach of Sanctions or would require a license or authorization under any Sanctions, unless the relevant license(s) and authorization(s) have been obtained from the relevant Sanctions Authority.

Sanctions Event has the meaning set out in Clause 24.4.

Sanctions Event means the occurrence of any of the following events:

Sanctions Event means (a) the Company or any Controlled Entity becomes (including by virtue of being owned or controlled by a Blocked Person) a Blocked Person or (b) the Company directly or indirectly has any investment in or engages in any dealing or transaction (including any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such investment, dealing or transaction (i) would cause any holder of Notes or any affiliate of such holder to be in violation of, or subject to sanctions under, any law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any U.S. Economic Sanctions Laws.

Sanctions Event means (a) the Issuer becomes a Sanctioned Person;