Deferral Event has the meaning ascribed to such term in the Assignment and Set-Off Agreement;

Deferral Event means an event which is outstanding if one or more Unsettled Credit Events are outstanding and/or one or more Potential Failure to Pay Notices and/or a Repudiation/Moratorium Extension Notices have been delivered under the Swap Agreement and are outstanding.

Examples of Deferral Event in a sentence

If the Coupon Deferral Event ceases and the deferred and/or reduced interest payments on the Coupon Reference Obligation are paid by the relevant obligor, the Issuer shall pay the deferred interest payments to the same extent on the next following Interest Payment Date.
If a Mandatory Redemption Deferral Event occurs less than five (5) Business Days prior to the date set for redemption, the Issuer shall give notice of such deferral to the Fiscal Agent and, in accordance with Condition 10, the Noteholders as soon as reasonably practicable following the occurrence of such event.
Each Optional Deferral Notice shall be accompanied by a certificate in the form scheduled to the Agency Agreement signed by an authorised signatory of the Guarantor confirming that an Optional Deferral Event has occurred and is continuing.
Arrears of Interest: Arrears of Interest, and any other amount, payment of which is optionally or mandatorily deferred may be paid in whole or in part at any time, provided that no Mandatory Deferral Event has occurred and is continuing and any notifications to the Regulator have been made or consent from the Regulator has been obtained, as the case may be, in either case if required under the Capital Adequacy Regulations.
The most beautiful moments in our destiny are when we will meet God as martyrs [shahids] in the area of the Al Aqsa mosque.

More Definitions of Deferral Event

Deferral Event shall have the meaning set forth in Section 3.1(d) hereof.

Deferral Event shall have the meaning set forth in Section 9.2 hereof.

Deferral Event means:

Deferral Event means the election by Emera, at its sole option, to defer the interest payable on the Notes.

Deferral Event. ’ means (i) the latest available audited unconsolidated financial statements of the Borrower prior to the applicable Interest Payment Date show no net profit in the profit and loss accounts of such financial statements for such financial year and (ii) no dividends are declared and paid by the Borrower during the financial year in which the applicable Interest Payment Date occurs. For the purposes of this Clause 6.7, the audited unconsolidated financial statements are to be prepared in accordance with IFRS.

Deferral Event means that, on or prior to the second Business Day prior to the Final Maturity Date, (i) the Swap Calculation Agent has received one or more Potential Credit Event Notices in respect of a Reference Obligation and has determined, in its sole and absolute discretion, that, following the occurrence of any Credit Event specified in such Potential Credit Event Notices, a Cash Settlement Amount could be payable under the terms of the CDS Agreement and/or (ii) an Unsettled Credit Event continues to exist.

Deferral Event means that at any Coupon Payment Date, the Guarantor's solvency margin or other capital adequacy requirement to which the Guarantor may become subject would, after payment of the Coupon Payment, be less than an amount equal to 200% of the minimum legal solvency margin requirement as applied and enforced by the Regulator or any other appropriate regulator;