Zero Value Event definition

Zero Value Event means, in respect of any Collateral Obligation, the occurrence of any one or more of the following: Bankruptcy Failure to Pay As used herein:
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Zero Value Event means, with respect to any Collateral Obligation, the occurrence of any of the following, as determined by the Liquidation Agent in its sole discretion:
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Examples of Zero Value Event in a sentence

  • In the absence of receipt of such notice, each Agent may conclusively assume that there is no Default, Event of Default, Prospective Make-Whole Event, Reduction Event, Rejection Event, Zero Value Event or Make-Whole Event.

  • In the absence of receipt of such notice, each Agent may conclusively assume that there is no Collateral Deficit, Borrowing Base Deficiency, Default, Event of Default, Prospective Make-Whole Event, Zero Value Event or Make-Whole Event.

  • In the absence of receipt of such notice, each Agent may conclusively assume that there is no Collateral Deficit, Default, Event of Default, Prospective Make-Whole Event, Reduction Event, Rejection Event, Zero Value Event or Make-Whole Event.

  • Zero Value Event In respect of any Underlying Asset, the occurrence of any one or more of the following: Bankruptcy Failure to Pay As used herein: “Bankruptcy” with respect to an Underlying Asset shall mean a “Bankruptcy” (as defined in the 2003 ISDA Credit Derivatives Definitions as published by the International Swap and Derivatives Association, Inc.

  • Principal Amount: $100,000,000 Issuer: UBS AG (London Branch) The Stated Principal Amount of each Security is $25.00.The Securities do not guarantee any return of principal at, or prior to, maturity, call or acceleration upon the occurrence of a Zero Value Event, or upon early redemption.

Related to Zero Value Event

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Change of Control Value means (i) the per share price offered to stockholders of the Company in any such merger, consolidation, reorganization, sale of assets or dissolution transaction, (ii) the price per share offered to stockholders of the Company in any tender offer or exchange offer whereby a Change of Control takes place, or (iii) if such Change of Control occurs other than pursuant to a tender or exchange offer, the Fair Market Value per share of the shares into which Awards are exercisable, as determined by the Committee, whichever is applicable. In the event that the consideration offered to stockholders of the Company consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Measuring Date means November 18, 2010.

  • Share Valuefinal means the Preference Share Value on the Valuation Date; and "Share Valueinitial" means the Preference Share Value on the Initial Valuation Date.

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • €STR Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Put Event means the occurrence of:

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Measurement Date has the meaning set forth in Section 3.3(a).

  • Index Call Event means each of the following events:

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Index Value means, in relation to any Reference Rate Business Day:

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided, further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Market Capitalization means an amount equal to (i) the total number of issued and outstanding shares of Capital Stock of the IPO Entity on the date of the declaration of the relevant dividend, multiplied by (ii) the arithmetic mean of the closing prices per share of such Capital Stock for the 30 consecutive trading days immediately preceding the date of the declaration of such dividend.