Examples of Trigger Event Notice in a sentence
The Trigger Event Notice (in the absence of manifest error) shall be irrevocable and binding on all parties.
By purchasing Notes, each Noteholder shall be deemed to have acknowledged that, following the occurrence of a Trigger Event, it shall not with effect from the date of the relevant Trigger Event Notice transfer or attempt to transfer its Notes until such time as any Write-off shall have been effected.
Prior to giving the Trigger Event Notice, the Issuer shall deliver to the Trustee a certificate signed by two Authorised Signatories of the Issuer stating that the Trigger Event has occurred and the Trustee shall accept such certificate without any further enquiry as sufficient evidence of such matters, in which event such certificate will be conclusive and binding on the Trustee and the Securityholders.
Furthermore, any such cancellation or write off will not constitute an Event of Default or any other breach of the Issuer's obligations under the Terms and Conditions of any Tier 2 Notes.A Trigger Event will occur when the Relevant Authority has notified the Issuer, by way of a Relevant Authority’s Trigger Event Notice, that it has determined that a "trigger event" as specified in the Regulatory Capital Requirements has occurred.
Subject as provided in Condition 5.9, the number of Common Shares to be issued on Trigger Conversion in respect of each Preferred Security to be converted (the " Conversion Shares") shall be determined by dividing the Liquidation Preference of such Preferred Security by the Conversion Price in effect on the Trigger Event Notice Date.