CP Disruption definition

CP Disruption means the inability of any Conduit Purchaser, at any time, whether as a result of a prohibition or any other event or circumstance whatsoever, to raise funds through the issuance of its Commercial Paper Notes in the United States commercial paper market.
View Source
CP Disruption means the inability of Triple-A, at any time, whether as a result of a prohibition or any other event or circumstance whatsoever, to raise funds through the issuance of its commercial paper notes (whether or not constituting Commercial Paper as defined above) in the United States commercial paper market.
View Source
CP Disruption means the inability of the Issuer, at any time, whether as a result of a prohibition or any other event or circumstance whatsoever, to raise funds through the issuance of its commercial paper notes (whether or not constituting Issuer CP, as defined below) in the United States commercial paper market.
View Source

Examples of CP Disruption in a sentence

  • Furthermore, if a CP Disruption Event shall have occurred and be continuing, the Purchaser, or the Deal Agent on its behalf, may, upon notice to the Seller, terminate any Purchase Period then in effect if the Purchaser has funded the Capital allocated to such Purchase Period by issuing its commercial paper notes.

  • In addition, if a CP Disruption shall have occurred and be continuing, Triple-A, or the Administrative Agent on its behalf, may, upon notice to the Originator and the Seller, terminate any Fixed Period then in effect if Triple-A has funded the Capital allocated to such Fixed Period by issuing Commercial Paper.

  • In any event, promptly (but in no event more than one Business Day) after the occurrence of a Liquidity Put or a CP Disruption Event, each applicable Managing Agent shall notify the Master Servicer and RCFC as to the occurrence of such Liquidity Put or CP Disruption Event.

  • Furthermore, if a CP Disruption Event shall have occurred and be continuing, the Purchaser, or the Deal Agent on its behalf, may, upon notice to the Transferor and the Trustee, terminate any Tranche Period then in effect if the Purchaser has funded any portion of the Principal Amount allocated to such Tranche Period by issuing its commercial paper notes.

  • The Senior Lender shall promptly thereafter notify the Borrower and the Agent if a CP Disruption Event has occurred and is continuing.

  • Additionally with respect to any Conduit Lender that is not a Qualified Conduit Lender (and for so long as it fails to be a Qualified Conduit Lender) and as provided in (S)2.8.1 with respect to CP Disruption Events, all portions of the Loan owing to such Conduit Lender shall be LIBOR Rate Loans.

  • In addition, if a CP Disruption shall have occurred and be continuing, EagleFunding, or the Deal Agent on its behalf, may, upon notice to the Borrower, terminate any Interest Period then in effect if EagleFunding has funded the EagleFunding Loan allocated to such Interest Period by issuing Transaction Commercial Paper Notes.

  • At all times after the Termination Date but prior to the occurrence of a Rapid Amortization Event, Discount shall be calculated by reference to the CP Rate; provided, that the Company may determine, from time to time, in its sole discretion (whether as a result of a CP Disruption Event or otherwise), that funding such Net Investment by means of the issuance of Commercial Paper is not possible or is not desirable for any reason.

  • In addition, if a CP Disruption shall have occurred and be continuing, EagleFunding, or the Deal Agent on its behalf, may, upon notice to the Originator and the Seller, terminate any Purchase Period then in effect if EagleFunding has funded the Capital allocated to such Purchase Period by issuing Commercial Paper.

  • In addition, if a CP Disruption shall have occurred and be continuing, any Lender, or its Managing Agent or the Deal Agent on its behalf, may, upon notice to the Borrower, terminate any Interest Period then in effect if such Lender has funded the Loan allocated to such Interest Period by issuing Transaction Commercial Paper Notes.


More Definitions of CP Disruption

CP Disruption means the inability of QCC, at any time, whether as a result of a prohibition or any other event or circumstance whatsoever, to raise funds through the issuance of its commercial paper notes in the United States commercial paper market.
View Source
CP Disruption means the inability of EagleFunding, at any time, whether as a result of a prohibition or any other event or circumstance whatsoever, to raise funds through the issuance of its commercial paper notes (whether or not constituting Commercial Paper as defined above) in the United States commercial paper market.
View Source

Related to CP Disruption

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Market Disruption means any of the following events or situations if, in the determination of the Calculation Agent, any of these is material to the valuation of a Reference Item or any Hedging Arrangements of the Issuer in relation to the Securities provided that any Market Disruption in respect of a Relevant Reference Item shall be deemed to be a Market Disruption in respect of the related Reference Item:

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Regulatory Disruption Any event that Dealer, based on the advice of counsel, determines makes it reasonably necessary or appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures that generally apply to transactions of a nature and kind similar to the Transaction and have been adopted in good faith by Dealer for Dealer to refrain from or decrease any market activity in connection with the Transaction. Settlement:

  • Exchange Disruption means any event (other than an Early Closure) that disrupts or impairs (as determined by the Determination Agent) the ability of market participants in general (i) to effect transactions in, or obtain market values for the Shares on the Exchange or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Share on any Related Exchange.