Examples of Trigger Event in a sentence
The Issuer shall not give a notice of redemption if a Trigger Event has occurred.
Notwithstanding anything herein (including this Section 6.6) to the contrary, in no event shall any Unavoidable Delay (i) extend the deadline for or excuse the performance of any obligation or covenant that can be satisfied by the payment of a liquidated sum; (ii) extend the deadline for or otherwise apply to any Put Trigger Event (except that the foregoing will not apply in determining whether an Event of Default exists), or (iii) delay the Opening Date beyond the Outside Date.
The Write-Down of the Bonds shall occur without delay and, in any event, not later than one month (or a shorter period as the Competent Authority may then require) from the occurrence of the relevant Trigger Event (such date being a “Write-Down Date”).
At any time following the occurrence of any Trigger Event, Lender may, at its option, increase the Outstanding Balance by applying the Trigger Effect (subject to the limitation set forth below).
If the Issuer has given a notice of redemption and, after giving such notice but prior to the relevant redemption date, a Trigger Event has occurred, the relevant redemption notice shall be automatically revoked and be null and void and the corresponding redemption shall not be made.