Examples of Article 74 Event in a sentence
The Suspension Period shall end upon delivery by the Representative of the Covered Bondholders of a notice to the Issuer, the Guarantor and the Asset Monitor (the "Article 74 Event Cure Notice"), informing such parties that the Article 74 Event has been cured.
The Suspension Period shall end upon delivery by the Representative of the Covered Bondholders of a notice to the Issuer, the Guarantor and the Asset Monitor (the "Article 74 Event Cure Notice"), informing such parties that the Article 74 Event has been revoked.
Suspension Period means the period of time following a resolution pursuant to Article 74 of the Banking Law is passed in respect of the Issuer (the "Article 74 Event"), in which the Guarantor, in accordance with the MEF Decree, shall be responsible for the payments of the Guaranteed Amounts due and payable within the entire period in which the suspension continues.
Suspension of Payments If a resolution pursuant to Article 74 of the Consolidated Banking Act is passed in respect of the Issuer (the "Article 74 Event"), the Guarantor, in accordance with Decree No. 310, shall be responsible for the payments of the Guaranteed Amounts due and payable within the entire period in which the suspension continues (the "Suspension Period").
If an Issuer Event of Default occurs, the Representative of the Covered Bondholders will serve a notice (the “Notice to Pay”) on the Issuer and Guarantor that an Issuer Event of Default has occurred (specifying, in case of an Article 74 Event that the Issuer Event of Default may be temporary) unless an Extraordinary Resolution is passed resolving otherwise.
The obligations of the Guarantor to make payments in respect of such Guaranteed Amounts when Due for Payment are subject to the conditions that an Issuer Event of Default has occurred, and an Issuer Default Notice has been served on the Issuer and on the Guarantor, provided that, to the extent the Issuer Event of Default consists of an Article 74 Event, no Article 74 Event Cure Notice has been delivered.
No later than 3 Business Days prior to each relevant CB Payment Date falling after the occurrence of an Issuer Event of Default or an Article 74 Event and service of an Article 74 Notice to Pay (which has not been withdrawn), all the Eligible Investments standing to the credit of the Relevant Eligible Investments Account will be liquidated and proceeds thereof shall be credited by the Relevant Account Bank to the Intesa Investment Account.
Suspension Period means the period of time following the occurrence of an Article 74 Event, in which the Guarantor, in accordance with the MEF Decree, shall be responsible for thepayments of the Guaranteed Amounts due and payable within the entire period in which the suspension continues.
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No later than 3 Business Days prior to each relevant CB Payment Date falling prior to the occurrence of an Issuer Event of Default or an Article 74 Event, or following service of an Article 74 Notice to Pay (which has subsequently been withdrawn), the Eligible Investments standing to the credit of the Eligible Investments Account will be liquidated and proceeds thereof shall be credited by the Relevant Account Bank to the CA-CIB Investment Account.