Special Termination Event definition

Special Termination Event means a Swap Termination Event caused by the occurrence of (i) an event specified in Sections 5(a)(i) of the Swap Agreement, (ii) an event specified in Section 5(a)(vii) of the Swap Agreement or (iii) a Trigger Event.

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Special Termination Event is an Early Termination event caused by the occurrence of (A) an event specified in Section 5(a)(i) of the Master Agreement, (B) an event specified in Section 5(a)(vii) of the Master Agreement or (C) a Trigger Event.

Special Termination Event means the event that prior to the Waiver Termination Date the Borrower makes a final determination, as disclosed to the Administrative Agent and the Lenders (or in any matter made public), that the amount of net securities losses recognized or to be recognized by the Borrower for the period ended December 31, 2007 are in excess of $1,500,000,000 (inclusive of the amount of net securities losses of $300,000,000 previously publicly disclosed by the Borrower).

Examples of Special Termination Event in a sentence

Subject to the next succeeding sentence, the Trustee shall, on the applicable Swap Redemption Date, distribute to each Certificateholder its Pro Rata Share of (i) the Underlying Securities in-kind and (ii) any Early Termination Payment received by the Trust from the Swap Counterparty in connection with such Special Termination Event.
In the case of any such waiver or consent relating to any provision hereof, any Default or Event of Default or Special Termination Event so waived or consented to shall be deemed to be cured and not continuing, but no such waiver or consent shall extend to any other or subsequent Default or Event of Default or Special Termination Event or impair any right consequent thereto.
The Agency recognizes that in the event an Event of Default or Special Termination Event occurs, any remedy of law may prove to be inadequate relief to the Bank; therefore, the Agency agrees that the Bank, if the Bank so requests, shall be entitled to temporary and permanent relief in any such case.
No express or implied waiver by the Bank of any Event of Default or Special Termination Event shall in any way be a waiver of any future or subsequent Event of Default or Special Termination Event.
Notwithstanding the foregoing, after the occurrence and during the continuance of a Special Termination Event, Default or Event of Default, the Investor Representative shall have the right, as often, at such times and with such prior notice, as the Investor shall determine, in its reasonable discretion, to have an independent certified public accounting firm of national prominence selected by the Investor Representative review the relevant documents and records of the Company and its Subsidiaries.

More Definitions of Special Termination Event

Special Termination Event means any of the following events:

Special Termination Event has the meaning ascribed to such term in Section 6.2 of this Agreement.

Special Termination Event has the meaning set forth in Exhibit E.

Special Termination Event shall have the meaning set forth in Section 7.6.

Special Termination Event means if prior to the Closing the Board of Directors of Parent determines in its reasonable good faith judgment that there is a reasonable likelihood that the liabilities for any monetary net losses related to Ciena exceeds 66 2/3% of the fair value of Ciena as of September 30, 2009 as such fair value is determined by the Company’s Board of Directors, then Parent shall promptly provide the Company with written notice of the determination (including the reasoning therefor) (the “Ciena Notice”). The Board of Directors of Parent shall make a determination within 15 Business Days of receiving new and material information relating to the Ciena Matters. During a period of five Business Days following the delivery of the Ciena Notice to the Company, either Parent or the Company shall have the right to terminate this Agreement by providing written notice therefor to the other party. In the event of any such termination, no termination fees will be payable hereunder.

Special Termination Event has the meaning set forth in Schedule 1.1-9.

Special Termination Event means the failure of the Company, if, prior to a Change in Control and during the Term, either (a) a Public Offering occurs