Concession Event definition

Concession Event shall be deemed to occur if:
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Concession Event means the occurrence of each of the following events:
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Concession Event means any event or circumstance in which:
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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.
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Related to Concession Event

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • Suspension Event shall have the meaning given in Section 3.4 of this Agreement.

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Covenant Suspension Event has the meaning assigned to it in Section 3.22(b).

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.