Target Observation Date definition

Target Observation Date means for any Reporting Year (including, for the avoidance of doubt, any Reference Year), 31 December in the previous calendar year;

Target Observation Date means the date falling one (1) month prior to the Maturity Date, provided that if such date is not a Business Day, it shall mean the next proceeding Business Day.

Target Observation Date means December 31, 2025.

Examples of Target Observation Date in a sentence

• If the Issuer has failed no later than thirty (30) calendar days prior to the Final Maturity Date to deliver written evidence to the Agent that it met the Sustainability Performance Targets on the Target Observation Date relating to the financial year ending 31 December 2025, as confirmed by an External Verifier, the Issuer shall on the Final Maturity Date redeem all, but not some only, of the outstanding Notes in full with an amount per Note equal to one hundred point seventy-five (100.75) per cent.

• Coupons relating to the Interest Period during which the Target Observation Date falls and any subsequent Interest Period shall become void and no payment shall be made in respect of them.

• For the fiscal year ending on the Target Observation Date, LafargeHolcim Ltd will publish on its website a verification assurance certificate by the External Verifier (such report, the “SPT Verification Assurance Certificate”), which shall confirm whether the Group has achieved the Sustainability Performance Target on the Target Observation Date.

• Some parameters are listed multiple times with a different methods listed (as numbers, or as instruments to be used).

• The Issuer fails to publish, by the Deadline, (i) a Sustainability Report for the financial year ending on the Sustainable Performance Target Observation Date or (ii) a Verification Assurance Certificate in respect of such Sustainability Report.

More Definitions of Target Observation Date

Target Observation Date means 30 June 2023; and

Target Observation Date means 30 June 2024; and

Target Observation Date means 31 December in the year for which the most recent annual audited consolidated financial statements of the Group have been published.

Target Observation Date means December 31, 2030.

Target Observation Date means 30 June 2023 and 30 June 2025, being the date as at which the performance of each Key Performance Indicator against each Sustainability Performance Target is determined.

Target Observation Date means 31 December 2027.

Target Observation Date means 30 days prior to (a) the Final Maturity Date, or (b) such earlier date when the Bonds are redeemed in full.