Verification Assurance Certificate means the respective certificate issued by Independent Verifier confirming whether the [in the case of one KPI: KPI meets or exceeds the SPT] [in the case of two KPIs: KPI 1 meets or exceeds the SPT 1 and/or whether the KPI 2 meets or exceeds the SPT 2], whereby such certification shall be published not later than on the relevant Notice Date in accordance with the provisions of these Terms and Conditions.
Verification Assurance Certificate means, with respect to any KPI with respect to any Relevant Financial Year for which one or more SPT(s) is/are established under these Terms and Conditions, a report by an External Verifier confirming whether the performance of the KPI meets the relevant SPT(s), which will be published on the Issuer’s website latest on the Target Reporting Date. (b) KPI, SPT, SPT Events.
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the KPI meets or exceeds the SPT, whereby such certification shall be published not later than on the Notice Date in accordance with the provisions of these Terms and Conditions.] ]
Examples of Verification Assurance Certificate in a sentence
The Issuer fails to publish, by the Deadline, a Sustainability Report for the financial year ending on the Sustainable Performance Target Observation Date or a Verification Assurance Certificate in respect of such Sustainability Report.
The occurrence of any Sustainability Trigger Event or the failure by the Issuer to publish the SPT Verification Assurance Certificate in accordance with Condition 4.2.3 (Reporting of Sustainability Performance Targets) shall not constitute an Event of Default or a breach of the Issuer's obligations under the Notes.
A Sustainability Trigger Event may occur (i) if the Issuer fails to satisfy the Sustainability Performance Target(s) specified in the relevant Final Terms on the relevant Target Observation Date(s), or (ii) if the Issuer fails to publish the applicable Sustainability Performance Report, the Assurance Report or, if applicable, the SPT Verification Assurance Certificate, in accordance with Condition 6.5.4 of the Terms and Conditions of the Notes.
More Definitions of Verification Assurance Certificate
Verification Assurance Certificate means [●]. [●]]
Verification Assurance Certificate means a verification assurance certificate issued by an External Verifier outlying the performance of the Sustainability Performance Targets. Such Verification Assurance Certificate shall be made available and communicated by the Issuer within 120 days following the Target Observation Date to the Fiscal Agent andthe Calculation Agent and notified to the Noteholders (copy to the Representative) (in accordance with Condition 10 (Notices)).
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the performance of the KPI
Verification Assurance Certificate means [●]. [●]]§ 4PAYMENTS
Verification Assurance Certificate means [●]. [●]](2) Early Redemption for Reasons of Taxation. If, as a result of a change in or amendment of legal provisions, or any amendment to or change in the application or official interpretation of such legal provisions, which change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer becomes obliged to pay Additional Amounts referred to in § 7(1) on the next succeeding Interest Payment Date (as defined in § 3(1)), and this obligation cannot be avoided by the use of measures available to the Issuer which are, in the judgement of the Issuer, reasonable, the Issuer shall be entitled, upon not less than 30 days and not more than 60 days' notice, to redeem prior to maturity on the first day of each calendar month during the life of the Notes all, but not part only, of the outstanding Notes at their Early Redemption Amount (as defined below), together with the interest accrued to the date fixed for redemption. No redemption pursuant to this § 5(2) shall occur more than one month prior to the date at which such change in, or amendment of, legal provisions becomes applicable to the Notes for the first time. A redemption by the Issuer pursuant to this § 5(2) shall be effected by irrevocable notice to the Holders in accordance with § 12 and must state the date of redemption as well as a summary of the facts which constitute the call right. Such notice can only be given after the Issuer provided the Fiscal Agent with a statement, signed by as many authorized signatories as legally prescribed, to the effect that the Issuer cannot, in its judgement, avoid the obligation by the use of measures available to the Issuer according to this paragraph (2). In addition, before giving such notice, the Issuer must provide the Paying Agent with a legal opinion, issued by a law firm of good standing,which states that the Issuer is obliged to pay Additional Amounts according to § 7(1) as a result of a change in or amendment of legal provisions, or any amendment to or change in the application or official interpretation of such legal provisions. If the Notes are subject to Early Redemption at the Option of the Issuer insert:[(3) Early Redemption at the Option of the Issuer.
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the KPI [1] meets or exceeds the SPT [1] [[and/or] whether the KPI 2 meets or exceeds the SPT 2] [[and/or] whether the KPI 3 [●] meets or exceeds the SPT 3 [●]] [[and/or] whether the KPI [●] meets or exceeds the SPT [●]], whereby such certification shall be published not later than on the Notice Date in accordance with the provisions of these Terms and Conditions.] [if Interest Sustainability Step-up with two or more Sustainable Performance Target Observation Dates and either one or more KPIs, the following applies:(5) Interest Rate Adjustment upon occurrence of a Step-up Event. If a Step-up Event occurs, the rate of interest payable on the Notes for the Interest Period commencing on a Step-up Date and each subsequent Interest Period shall be:
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the performance of the KPI [1] meets or exceeds the SPT [1] [[and/or] whether the KPI 2 meets or exceeds the SPT 2] [[and/or] whether the KPI 3 meets or exceeds the SPT 3] [●], whereby such certification shall be published not later than on the Notice Date in accordance with the provisions of these Terms and Conditions.] (2) Early Redemption for Reasons of Taxation. If as a result of any change in, or amendment to, the laws or regulations of the Republic of Austria or any political subdivision or taxing authority thereto or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an officialinterpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this Series of Notes was issued, the Issuer is required to pay Additional Amounts pursuant to § 7 (1) on the next succeeding Interest Payment Date (as defined in § 3 (1)), the Notes may be redeemed, in whole but not in part, at the option of the Issuer, upon not less than 30 days' prior notice of redemption given to the Fiscal Agent and, in accordance with § 12, to the Noteholders, at their Early Redemption Amount (as defined below) together with interest, if any, accrued to the date fixed for redemption. Any such notice shall be given in accordance with § 12. It shall be irrevocable, must specify the date fixed for redemption and must set forth a statement in summary form of the facts constituting the basis for the right of the Issuer so to redeem. [If Notes are subject to Early Redemption at the Option of the Issuer, insert: (3) Early Redemption at the Option of the Issuer.