Concession Event definition
Concession Event shall be deemed to occur if:
Concession Event means the occurrence of each of the following events:
Concession Event means any event or circumstance in which:
Examples of Concession Event in a sentence
Any Paying Agent which receives a Put Option Notice in respect of Notes represented by a Permanent Global Note shall make payment of the relevant redemption moneys and interest accrued to the Material Concession Event Put Date or the Optional Redemption Date (Put), as the case may be, in accordance with the Conditions, Clause 6 (Payments to Noteholders) and the terms of the Permanent Global Note.
More Definitions of Concession Event
Concession Event shall be deemed to occur if the Consolidated EBITDA of the Issuer deriving from the Current Concessions and the Future Concessions represents less than 28% of the total Consolidated EBITDA of the Issuer for the Relevant Period as shown in, or determined by reference to, its latest audited annual consolidated financial statements.