Illegality Event has the meaning given to it in Article 4.3.A(4). "ILO" means the International Labour Organisation. "ILO Standards" means any treaty, convention or covenant of the ILO signed and ratified by or otherwise applicable and binding on the Republic of Serbia, and the Core Labour Standards (as defined in the ILO Declaration on Fundamental Principles and Rights at Work).
Illegality Event has the meaning given to it in Article 4.3.A(4). "ILO" means the International Labour Organisation. "ILO Standards" means any treaty, convention or covenant of the ILO signed and ratified by or otherwise applicable and binding on the Republic of Serbia and the Core Labour Standards (as defined in the ILO Declaration on Fundamental Principles and Rights at Work). "Indemnifiable Prepayment Event" means a Prepayment Event other than those specified in paragraphs 4.3.A(2) or 4.3.A(4). "Interest Revision/Conversion" means the determination of new financial conditions relative to the interest rate, specifically the same interest rate basis ("revision") or a different interest rate basis ("conversion") which can be offered for the remaining term of a Tranche or until the next Interest Revision/Conversion Date, if any. "Interest Revision/Conversion Date" means the date, which shall be a Payment Date, specified by the Bank pursuant to Article 1.2.B in the Disbursement Offer. "Interest Revision/Conversion Proposal" means a proposal made by the Bank under Schedule D. "Interest Revision/Conversion Request" means a written notice from the Borrower, delivered at least 75 (seventy five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify:
Illegality Event has the meaning given to it in Article 4.3.A(4). "ILO" means the International Labour Organisation. "ILO Standards" means any treaty, convention or covenant of the ILO signed and ratified by or otherwise applicable and binding on the Republic of Serbia and the Core Labour Standards (as defined in the ILO Declaration on Fundamental Principles and Rights at Work). "Indemnifiable Prepayment Event" means a Prepayment Event other than the Non-EIB Financing Prepayment Event or Illegality Event. "Interest Revision/Conversion" means the determination of new financial conditions relative to the interest rate, specifically the same interest rate basis ("revision") or a different interest rate basis ("conversion") which can be offered for the remaining term of a Tranche or until the next Interest Revision/Conversion Date, if any. "Interest Revision/Conversion Date" means the date, which shall be a Payment Date, specified by the Bank pursuant to Article 1.2.B in the Disbursement Offer. "Interest Revision/Conversion Proposal" means a proposal made by the Bank under Schedule D. "Interest Revision/Conversion Request" means a written notice from the Borrower, delivered at least 75 (seventy five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify: the Payment Dates chosen in accordance with the provisions of Article 3.1; the amount of the Tranche for which the Interest Revision/Conversion shall apply; and any further Interest Revision/Conversion Date chosen in accordance with Article 3.1. "IPA III Regulation" means Regulation (EU) 2021/1529 of the European Parliament and of the Council of 15 September 2021 establishing the Instrument for Pre-Accession assistance (IPA III). "List of Authorised Signatories and Accounts" means a list, in form and substance satisfactory to the Bank, setting out: the Authorised Signatories, accompanied by evidence of signing authority of the persons named on the list and specifying if they have individual or joint signing authority; the specimen signatures of such persons; the bank account(s) to which disbursements may be made under this Contract (specified by IBAN code if the country is included in the IBAN Registry published by SWIFT, or in the appropriate account format in line with the local banking practice), BIC/SWIFT code of the bank and the name of the bank account(s) beneficiary, together with evidenc...
Examples of Illegality Event in a sentence
In its notice hereunder, KfW will provide a reasonable explanation regarding the Illegality Event.
Illegality EVENT Upon becoming aware of an Illegality Event: the Bank shall promptly notify the Borrower, and the Bank may immediately (A) suspend or cancel the undisbursed portion of the Credit, and/or (B) demand prepayment of the Loan Outstanding, together with accrued interest and all other amounts accrued and outstanding under this Contract on the date indicated by the Bank in its notice to the Borrower.
Illegality EVENT Upon becoming aware of an Illegality Event: the Bank shall promptly notify the Borrower, and the Bank may, immediately (A) suspend or cancel the undisbursed portion of the Credit, and/or (B) demand prepayment of the Loan Outstanding, together with accrued interest and all other amounts accrued and outstanding under this Contract on the date indicated by the Bank in its notice to the Borrower.