Asset Event definition

Asset Event means an event by which any of the Initial Assets becomes a Defaulted Asset, or is redeemed or repaid or prepaid for any reason on or before the 10th Business Day prior to the Maturity Date.
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Asset Event means, in relation to any Asset (but excluding any Credit Support Asset), an event by which any of the Assets becomes a Defaulted Asset, or is redeemed or repaid or prepaid for any reason on or before the 10th Business Day prior to the Maturity Date.
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Asset Event means an event by which either Asset 1 or Asset 2 becomes a Defaulted Asset, or, in the case of Asset 1 only, is redeemed or repaid or prepaid for any reason on or before the 10th Business Day prior to the Maturity Date.
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Examples of Asset Event in a sentence

  • If the Disposal Agent is able to obtain at least two such quotations on the same Business Day, then the Disposal Agent, acting as broker on behalf of the Issuer, will sell the Assets (or, in the case of (a) an Asset Event, the Affected Assets, and (b) an exercise of the Noteholder Put Option, the relevant portion thereof) at the highest quotation obtained and will transfer the proceeds to the Issuer for settlement on or before the Disposal Date.

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.

  • Seller shall promptly, and in any event not later than three (3) Business Days following receipt thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default.

  • Seller shall promptly, and in any event not later than two (2) Business Days following receipt of notice thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default.

  • Prospective investors should be aware that, as a result, the amount required to be paid by the Securities Borrower to the Issuer upon the occurrence of an Asset Event, and consequently the recovery proceeds available to meet the secured claims of the Noteholders, the Swap Counterparty and other secured parties in such circumstances, may be less than would otherwise have been the case had the Cheapest to Deliver Option (as defined below) not applied.

  • Asset: Event data, sales data, time information.T. Authentication Adverse action: Unauthorized users could try to use FCR functions.

  • Asset: Event data, sales data, characterization data, FCR parameters and authentication data.

  • If a Charged Asset Event has occurred, then an Early Redemption Event shall be deemed to have occurred and the provisions of Condition 8(l) ( Early Redemption) shall apply.

  • In addition, if an Underlying Asset Event occurs, the Determination Agent (being an affiliate of Morgan Stanley) is required pursuant to the Conditions to perform certain obligations including arranging for realisation of the Underlying Assets, which it may under the circumstances have difficulties in fulfilling.

  • The level of reporting investigation and reporting required is identified in the Asset Event and Investigation Reporting Procedure and the relevant section of this procedure containing the reporting matrix is included in Appendix D.


More Definitions of Asset Event

Asset Event means, in relation to any Asset, an event by which any of the Assets becomes a Defaulted Asset or in relation to which there is an Asset Issuer Call.
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Related to Asset Event

  • Put Event means the occurrence of any of the following:

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Significant Event means any Amortization Event or Event of Default.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Knock-out Event means the event as defined in §4(4).

  • Replacement Event shall have the meaning specified in Section 11.16.

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

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • 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:

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Adjustment Event means each of the following events:

  • Fall Away Event means such time as the Notes shall have an Investment Grade Rating and the Company shall have delivered to the Trustee an Officers’ Certificate certifying that the foregoing condition has been satisfied.

  • Pay Out Event means any Pay-Out Event specified in Section 6.01.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Payment Event means any of the following:

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

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

  • Potential Adjustment Event means any of the following:

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