Assurant Event definition

Assurant Event means the occurrence of the following events: (i) the Transferor or the Administrative Agent (for the benefit of the Owners) fails to have a valid claim against a material portion of the payments from Assurant, (ii) Assurant breaches any terms of or fails to perform any of its material obligations in connection with the “Jump” program offered by Cwork Solutions, LP to Obligors, including any failure to remit funds for any Jump Contract for any Jump Contract upgrade (subject to any applicable grace period under the Assurant Agreement) and such breach has an Adverse Effect on the interest of any Funding Agent or Owner, (iii) any legal or regulatory action invalidates or otherwise prevents the performance or enforceability of Assurant’s obligations under the Assurant Agreement which has an Adverse Effect on the interest of any Funding Agent or Owner, or (iv) any long-term unsecured debt rating of Assurant is withdrawn or reduced below BBB- by S&P and Baa3 by Xxxxx’x.
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Assurant Event means the occurrence of the following events: (i) the Transferor or the Administrative Agent (for the benefit of the Owners) fails to have a valid claim T-Mobile (EIP) Third A&R RPAA against a material portion of the payments from Assurant, (ii) Assurant breaches any terms of or fails to perform any of its material obligations in connection with the “Jump” program offered by Cwork Solutions, LP to Obligors, including any failure to remit funds for any Jump Contract for any Jump Contract upgrade (subject to any applicable grace period under the Assurant Agreement) and such breach has an Adverse Effect on the interest of any Funding Agent or Owner, (iii) any legal or regulatory action invalidates or otherwise prevents the performance or enforceability of Assurant’s obligations under the Assurant Agreement which has an Adverse Effect on the interest of any Funding Agent or Owner, or (iv) any long-term unsecured debt rating of Assurant is withdrawn or reduced below BB+ by S&P and Ba2 by Xxxxx’x.
Sample 1
Assurant Event means the occurrence of the following events: (i) the Transferor or the Administrative Agent (for the benefit of the Owners) fails to have a valid claim -5- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398
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Examples of Assurant Event in a sentence

  • Xxxxx shall provide prompt written notice to the Administrative Agent, each Funding Agent and each Owner of the occurrence of any Assurant Event, event of default or material breach under any Assurant Agreement, or any other event under any Assurant Agreement that could reasonably be expected to have an Adverse Effect on any Owner.

  • It shall provide prompt written notice to the Administrative Agent, each Funding Agent and each Owner of the occurrence of any Assurant Event, event of default or material breach under the Assurant Agreement, or any other event under any Assurant Agreement that could reasonably be expected to have an Adverse Effect on any Owner, but in any event within five (5) days.

  • Theme Analysis MethodologyFour staff in the Office of Accountability each analyzed one-quarter of the worksheets to sort comments into major themes (e.g., “Compensation”) and subthemes (e.g. “Increase pay for teachers” and “Better equity in technology across district schools”) across the four questions.

  • It shall provide prompt written notice to the Administrative Agent, each Funding Agent and each Owner of the occurrence of any Assurant Event, event of default or material breach under the Assurant Agreement, or any other event under any Assurant Agreement that could reasonably be expected to have an Adverse Effect on any Owner, but in any event within five (5) days.[Reserved].

  • Xxxxx shall provide prompt written notice to the Administrative Agent, each Funding Agent and each Owner of the occurrence of any Assurant Event, event of default or material breach under any Assurant Agreement, or any other event under any Assurant Agreement that could reasonably be expected to have an Adverse Effect on any Owner.[Reserved].


More Definitions of Assurant Event

Assurant Event. “Change of Control,” “Commercial Paper Rate,” “Consolidated Equity Ratio,” “Consolidated Leverage Ratio,” “Default Ratio,” “Defaulted Receivable,” “Delinquency Ratio,” “Determination Date,” “Eligible Interest Rate Cap,” “Eligible Receivable,” “Excess Concentrations,” “Jump Termination Event,” “Nonconforming Jump Receivables,” “Servicer Default,” or any definition included in Annex A (or any components of, or definitions used in, such definitions) contained in this Agreement; (ii) reduce the Principal Distribution Amount, Yield, Program Fee or Monthly Non-Use Fee that is payable on account of any Transferred Assets or delay any scheduled date for payment thereof; (iii) reduce fees, deposits or other amounts payable by the Transferor, Xxxxx, the Servicer or the Guarantor to the Funding Agents or the Owners or into the Collection Account, or delay the dates on which they are payable; -147- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398
Sample 1
Assurant Event means the occurrence of the following events: (i) the Transferor or the Administrative Agent (for the benefit of the Owners) fails to have a valid claim against a material portion of the payments from Assurant, (ii) Assurant breaches any terms of or fails to perform any of its material obligations in connection with the “Jump” program offered by Cwork Solutions, LP to Obligors, including any failure to remit funds for any Jump Contract for any Jump Contract upgrade (subject to any applicable grace period under the Assurant Agreement) and such breach has an Adverse Effect on the interest of any Funding Agent or Owner, (iii) any legal or regulatory action invalidates or otherwise prevents the performance or enforceability of Assurant’s obligations under the Assurant Agreement which has an Adverse Effect on the interest of any Funding Agent or Owner, or (iv) any long-term unsecured debt rating of Assurant is withdrawn or reduced below BBB- by S&P and Baa3 by Moody’s.
Sample 1

Related to Assurant Event

  • 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;

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

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

  • Payment Event means any of the following:

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

  • 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:

  • 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:

  • Adjustment Event means each of the following events:

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • Potential Adjustment Event means any of the following:

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

  • 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.

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

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

  • Adjustment Events (A) the Partnership makes a distribution on all outstanding OP Units in Partnership Units, (B) the Partnership subdivides the outstanding OP Units into a greater number of units or combines the outstanding OP Units into a smaller number of units, or (C) the Partnership issues any Partnership Units in exchange for its outstanding OP Units by way of a reclassification or recapitalization of its OP Units. If more than one Adjustment Event occurs, the adjustment to the Class B Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment Events occurred simultaneously. For the avoidance of doubt, the following events shall not be Adjustment Events: (x) the issuance of Partnership Units in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Partnership Units pursuant to any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any Partnership Units in respect of a capital contribution to the Partnership, including a contribution by the General Partner of proceeds from the sale of securities by the General Partner. If the Partnership takes an action affecting the OP Units other than actions specifically described above as Adjustment Events and, in the opinion of the General Partner such action would require an adjustment to the Class B Units to maintain the one-to-one correspondence described above, the General Partner shall have the right to make such adjustment to the Class B Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances. If an adjustment is made to the Class B Units as herein provided, the Partnership shall promptly file in the books and records of the Partnership an officer’s certificate setting forth such adjustment and a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly after the filing of such certificate, the Partnership shall mail a notice to each holder of Class B Units setting forth the adjustment to his, her or its Class B Units and the effective date of such adjustment.

  • Put Option Event means a Change of Control Event.

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Notification Event means (a) the occurrence of a “reportable event” described in Section 4043 of ERISA for which the 30-day notice requirement has not been waived by applicable regulations issued by the PBGC, (b) the withdrawal of any Loan Party or ERISA Affiliate from a Pension Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, (c) the termination of a Pension Plan, the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination, under Section 4041 of ERISA, if the plan assets are not sufficient to pay all plan liabilities, (d) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any Pension Plan by the PBGC or any Pension Plan or Multiemployer Plan administrator, (e) any other event or condition that would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, (f) the imposition of a Lien pursuant to the IRC or ERISA in connection with any Employee Benefit Plan or the existence of any facts or circumstances that could reasonably be expected to result in the imposition of a Lien, (g) the partial or complete withdrawal of any Loan Party or ERISA Affiliate from a Multiemployer Plan (other than any withdrawal that would not constitute an Event of Default under Section 8.12), (h) any event or condition that results in the reorganization or insolvency of a Multiemployer Plan under Sections of ERISA, (i) any event or condition that results in the termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by the PBGC of proceedings to terminate or to appoint a trustee to administer a Multiemployer Plan under ERISA, (j) any Pension Plan being in “at risk status” within the meaning of IRC Section 430(i), (k) any Multiemployer Plan being in “endangered status” or “critical status” within the meaning of IRC Section 432(b) or the determination that any Multiemployer Plan is or is expected to be insolvent or in reorganization within the meaning of Title IV of ERISA, (l) with respect to any Pension Plan, any Loan Party or ERISA Affiliate incurring a substantial cessation of operations within the meaning of ERISA Section 4062(e), (m) an “accumulated funding deficiency” within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) or the failure of any Pension Plan or Multiemployer Plan to meet the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA), in each case, whether or not waived, (n) the filing of an application for a waiver of the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) with respect to any Pension Plan or Multiemployer Plan, (o) the failure to make by its due date a required payment or contribution with respect to any Pension Plan or Multiemployer Plan, (p) any event that results in or could reasonably be expected to result in a liability by a Loan Party pursuant to Title I of ERISA or the excise tax provisions of the IRC relating to Employee Benefit Plans or any event that results in or could reasonably be expected to result in a liability to any Loan Party or ERISA Affiliate pursuant to Title IV of ERISA or Section 401(a)(29) of the IRC, or (q) any of the foregoing is reasonably likely to occur in the following 30 days.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

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

  • Capital Treatment Event means the receipt by the Company and the Trust of an opinion of counsel experienced in such matters to the effect that, as a result of the occurrence of any amendment to, or change (including any announced prospective change) in, the laws, rules or regulations of the United States or any political subdivision thereof or therein, or as the result of any official or administrative pronouncement or action or decision interpreting or applying such laws, rules or regulations, which amendment or change is effective or which pronouncement, action or decision is announced on or after the date of original issuance of the Debentures, there is more than an insubstantial risk that the Company will not, within 90 days of the date of such opinion, be entitled to treat an amount equal to the aggregate liquidation amount of the Capital Securities as “Tier 1 Capital” (or its then equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve, as then in effect and applicable to the Company (or if the Company is not a bank holding company, such guidelines applied to the Company as if the Company were subject to such guidelines); provided, however, that the inability of the Company to treat all or any portion of the liquidation amount of the Capital Securities as Tier l Capital shall not constitute the basis for a Capital Treatment Event, if such inability results from the Company having cumulative preferred stock, minority interests in consolidated subsidiaries, or any other class of security or interest which the Federal Reserve or OTS, as applicable, may now or hereafter accord Tier 1 Capital treatment in excess of the amount which may now or hereafter qualify for treatment as Tier 1 Capital under applicable capital adequacy guidelines; provided further, however, that the distribution of Debentures in connection with the liquidation of the Trust shall not in and of itself constitute a Capital Treatment Event unless such liquidation shall have occurred in connection with a Tax Event or an Investment Company Event.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.