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.

• Extraordinary Hedge Disruption Event (General Condition 17):Applicable Extraordinary Hedge Sanctions Event: Applicable Extraordinary Hedge Bail-in Event: ApplicableExtraordinary Hedge Currency Disruption Event:Applicable 53.

• Neither the Trustee nor the Calculation Agent shall 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 Issuer or the Calculation Agent effectively gives notice to the Trustee of the occurrence of a Sanctions Event, the Trustee shall be entitled to rely on such notice without further investigation.

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 forth in Section 7.01(43). “ Sanctions Laws ” means any economic, trade or financial sanctions or trade embargoes imposed, administered or enforced from time to time under laws and executive orders of the Canadian government (including without limitation including under the Special Xxxxxxxx Xxxxxxxx Xxx (Xxxxxx), the United Nations Act (Canada), the Freezing Assets of Corrupt Foreign Officials Act (Canada), the Justice for Victims of Corrupt Foreign Officials Act (Xxxxxx Xxxxxxxxx Law) and the Criminal Code (Canada) and, in each case, the regulations promulgated thereunder), the United States government, or any other relevant sanctions authority. “ Senior Administrative Agent ” means Canadian Imperial Bank of Commerce in its capacity as “Agent” under the Senior Credit Agreement. “ Senior Collateral Agent ” means Canadian Imperial Bank of Commerce in its capacity as “Collateral Agent” under the Senior Security Documents and the Intercreditor Agreement, or such Person from time to time appointed as collateral agent in accordance with the terms of the Intercreditor Agreement.

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;

Sanctions Event means the event specified in Section 6.19(c).