Examples of Trigger Event in a sentence
No Performance Units earned and vested shall be payable prior to the Committee’s certification; provided, however, Committee certification shall not apply in the event of a Double Trigger Event, unless otherwise provided in an agreement pursuant to paragraph 14 of the Agreement.
An Automatic Conversion will occur without delay upon the occurrence of a Capital Adequacy Trigger Event.
Borrower shall provide Collateral Agent with at least ten (10) Business Days’ written notice prior to a Trigger Event; provided, however, in the case of a Trigger Event pursuant to clause (a) of such defined term, Borrower shall provide written notice of such Trigger Event as soon as reasonably practicable following such Trigger Event, but in any event not more than three (3) Business Days after such Trigger Event.
A Trigger Event shall have occurred which is not cured within ten (10) Business Days of such occurrence, which cure may include, at Borrower’s discretion, replacing Eligible Receivables for which the Unpaid Principal Balance is more than thirty (30) or sixty (60) days past due, as applicable, with Eligible Receivables for which the Unpaid Principal Balance is less than thirty (30) or sixty (60) days past due, as applicable.
Barclays PLC hereby notifies Clearstream, Luxembourg and Euroclear (the “Clearing Systems”), the Holders and Beneficial Owners of the Securities that a Capital Adequacy Trigger Event has occurred with respect to the Securities.