Significant Alteration Event definition

Significant Alteration Event has the meaning set out in Condition 11 (Meeting of Noteholders and Modifications).
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Significant Alteration Event means any event or circumstance or combination of events or circumstances occurring after the Trade Date that is not attributable to the Issuer but which has as its consequence that the economic balance of the Notes for the Issuer as at the Trade Date is significantly altered, including where such event causes a material increased cost for the Issuer as a consequence of change in tax laws, solvency or regulatory capital requirements, nationalisation, or regulatory action, or in other events of similar nature that comply with the above conditions, but, in each case, where such event does not constitute a Force Majeure Event.
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Significant Alteration Event means any event or circumstance or combination of events or circumstances occurring after the Issue Date that is not attributable to the Issuer but which has as its consequence that the economic balance of the Warrants between the Issuer on the one hand and the Warrantholders on the other hand as at the Issue Date is significantly altered, including, without limitation, where such event or circumstance or combination of events or circumstances constitutes an Illegality Event or Change in Law or causes a material increased cost for the Issuer as a consequence of a change in tax laws, solvency or regulatory capital requirements, nationalisation, or regulatory action, or, to the extent permitted by applicable law, in other events of similar nature that comply with the above conditions, but, in each case, where such event does not constitute a Force Majeure Event.
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Examples of Significant Alteration Event in a sentence

  • The following Optional Additional Disruption Events apply to the Securities: Significant Alteration Event, Administrator/Benchmark Event.

  • The following Optional Additional Disruption Events apply to the Securities: Significant Alteration Event, Administrator/Benchmark Event, Insolvency Filing.

  • Condition 10.3 (Modification upon Significant Alteration Event (Issuer) or Force Majeure (Issuer)):Applicable45.

  • Condition 10.3 (Modification upon Significant Alteration Event (Issuer) orForce Majeure (Issuer)):Applicable45.

  • Early Redemption Amount (a) Early redemption for taxation reasons (pursuant to Condition 5.2): (b) Early redemption on event of default (pursuant to Condition 9.1): (i) Early Redemption Amount of each Note payable on early redemption: (c) Early redemption for Significant Alteration Event (Issuer) and Force Majeure (Issuer) pursuant to Condition 5.7):(i) Early Redemption Amount (Significant Alteration Event (Issuer)) Not Applicable Principal Protected Amount: 100 per cent.

  • The labour movement has used many means and avenues to ensure governments and corporations consider the impact of their decisions on the environment.

  • Early Settlement for Force Majeure and Significant Alteration Event (Condition 7.6):(a) Force Majeure Event:Not Applicable(b) Significant Alteration Event:Not Applicable43.

  • Additional Disruption Events and Optional Additional Disruption Events:(a) Additional Disruption Events: Not applicable(b) The following Optional Additional Disruption Events apply to the Securities:Administrator/Benchmark Event Extraordinary External Event Significant Alteration Event Jurisdiction EventHedging Arrangements: Not applicable(c) Redemption: Monetisation Option: Applicable Protected Amount: 100.00 per cent.

  • Condition 10.3 (Modification upon Significant Alteration Event (Issuer) orApplicableForce Majeure (Issuer)): 45.

  • The following Optional Additional Disruption Events apply to the Securities:Administrator/Benchmark Event Extraordinary External Event Significant Alteration Event Jurisdiction EventHedging Arrangements: Not applicable(c) Redemption:Delayed Redemption on Occurrence of an Additional Disruption Event and/or Optional Additional Disruption Event: ApplicableMonetisation Option: ApplicableProtected Amount: 100.00 per cent.


More Definitions of Significant Alteration Event

Significant Alteration Event means that, on or after the Issue Date, an event or circumstance or combination of events or circumstances (other than an Illegality Event, a Force Majeure Event or a Change in Law) occur, including with respect to the Charged Assets, which the Issuer or the Calculation Agent determines that:
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Related to Significant Alteration Event

  • Structural alteration means an Alteration that (i) will result in a change in the footprint of the Improvements, (ii) involves the addition of one or more floors to the Improvements, (iii) affects the structural elements or any exterior walls of the Improvements, (iv) decreases the rentable square footage of the Leased Premises other than to a de minimis extent or (v) adversely affects the proper functioning and/or capacity of the building systems in the Improvements.

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Benchmark Modification or Cessation Event means, in respect of the Benchmark any of the following has occurred or will occur:

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Substantial improvement means any combination of repairs, reconstruction, rehabilitation, addition, or other improvement of a structure, taking place during any one-year period for which the cost equals or exceeds 50 percent of the market value of the structure before the “start of construction” of the improvement. This term includes structures which have incurred “substantial damage”, regardless of the actual repair work performed. The term does not, however, include either: