Convertibility Event definition

Convertibility Event means the determination by the national government of the country in the currency of which the Notes were issued, that such currency is substituted by another currency;
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Convertibility Event means the (indirect or direct) determination by government of the Netherlands, that the euro is substituted by another currency;
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Convertibility Event means, an event that has the effect of preventing, restricting or delaying a market participant from:
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Examples of Convertibility Event in a sentence

  • The determination of an Automatic Termination Trigger Event is subject to the FX Convertibility Event Provisions and FX Transferability Event Provisions.

  • Exclusively upon the occurrence of a Convertibility Event and the receipt of a written request from the Agent, Issuer will conclude a Convertibility Support and Escrow Agreement with Cargill Financial Services International, Inc.

  • The original Maturity or accelerated maturity of the Notes as a result of the exercise of a Call/Put Option shall be extended upon the occurrence of a Convertibility Event as deemed reasonably necessary by the Agent to enable Issuer to fulfill its payment obligations under the Note through the export of goods during shipment windows designated by the Agent.

  • Under the terms of the FX Forward Transaction, the TransactionCounterparty will calculate the USD FX Forward Amount (or, following a Convertibility Event and election of BRL Settlement and satisfaction of the Local Settlement Conditions, the BRL FX Forward Amount) on the Valuation Date.

  • Early Redemption Event .....................The occurrence of any of the following events, as determined by the Calculation Agent, will constitute an Early Redemption Event: (i) a Tax Redemption Event; or (ii) a Convertibility Event has occurred and is continuing for 30 calendar days (the “Holding Period”) and is not otherwise waived by the relevant Holder of Notes; or (iii) an Underlying Securities Default; or (iv) an Underlying Securities Early Redemption.

  • The original Maturity or accelerated maturity of the Notes as a result of the exercise of a call or put option shall be extended upon the occurrence of a Convertibility Event as deemed reasonably necessary by the Agent to enable Issuer to fulfill its payment obligations under the Notes through the export of goods during shipment windows designated by the Agent.

  • The following provisions of this Condition 19(c) of the General Conditions shall apply to the Notes if the FX Convertibility Event Provisions and/or FX Transferability Event Provisions are specified to be applicable in the applicable Final Terms.

  • Trade Date: August 31, 2015Effective Date: September 2, 2015Scheduled Termination Date: January 5, 2017Termination Date: Scheduled Termination Date, subject to a Convertibility Event or the occurrence of an Early Termination Date.Payment Date: Termination DateCalculation Agent: Party A.

  • Prior to the commencement of a Convertibility Event Period under the Purchaser Swap Agreement which is continuing, the Korean Won payment to be made by the Purchaser to the Forward Bank on each Forward Payment Date for conversion into US dollars at the relevant Forward Rate will comprise the Party B Floating Amount and the Party B Interim Exchange Amount for such Forward Payment Date.

  • Exclusively upon the occurrence of a Convertibility Event and the receipt of a written request from the Agent, Issuer will conclude a Convertibility Support and Escrow Agreement with Cargill Financial Services International Inc.


More Definitions of Convertibility Event

Convertibility Event means the determination by the Netherlands, that the euro is substituted by another currency;
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Convertibility Event means any action, event or circumstance whatsoever which, from a legal or practical perspective:
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Convertibility Event. ’ means, subject to the exceptions detailed in the following paragraph, any event or the existence of any condition (including without limitation any such event or condition that occurs as a result of the enactment, promulgation, execution, ratification, interpretation or application of, or any change in or amendment to, any law, rule, policy or regulation by any Governmental Authority of the Russian Federation) that, in the opinion of the Servicer (acting reasonably), has the effect of generally making it impossible or illegal, or has the effect of prohibiting or restricting the conversion by Borrowers and the Servicer of Roubles into U.S. dollar amounts for the purpose of meeting their obligations under the Mortgage Loans, or requiring the U.S. dollar obligations of the Borrowers and/or the Servicer to be paid in Roubles.
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Convertibility Event. ’ means any event or the existence of any condition that constitutes, or occurs primarily as a result of, the enactment, promulgation, execution, ratification, interpretation, operation or application of, or any change in or amendment to, any law,rule, policy, act, decree, ordinance, order or regulation by, or the actions of, any governmental, quasi-governmental, regulatory or other official authority or body of the Russian Federation) that, in the opinion of the Liquidity Facility Provider (acting in good faith), (A) has the effect of generally making it impossible or illegal to convert, or (B) has the effect of prohibiting or restricting, the conversion of, Roubles into U.S. Dollars and/or Euro and which, in either case, adversely affects, as applicable (i) the ability of the Loan Note Issuer or the Liquidity Facility Provider to fulfil its obligations under any of the Loan Notes Transaction Documents or (ii) the ability of the Swap Counterparty to convert the Roubles it receives pursuant to the terms of any of the Loan Notes Transaction Documents.
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Related to Convertibility Event

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • Early Preference Share Redemption Event means the event that occurs if:

  • Non-Viability Event means the earlier of:

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

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

  • Security Event means an immediately reportable subset of security incidents which incident would include:

  • Sale Event means (i) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity, (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power and outstanding stock immediately prior to such transaction do not own a majority of the outstanding voting power and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction, (iii) the sale of all of the Stock of the Company to an unrelated person, entity or group thereof acting in concert, or (iv) any other transaction in which the owners of the Company’s outstanding voting power immediately prior to such transaction do not own at least a majority of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the Company.

  • Automatic Early Redemption Event means that:

  • Liquidity Event means a Change of Control or an IPO.