Governmental Intervention definition

Governmental Intervention means that, with respect to one or more Obligations and in relation to an aggregate amount of not less than the Default Requirement, any one or more of the following events occurs as a result of action taken or an announcement made by a Governmental Authority pursuant to, or by means of, a restructuring and resolution law or regulation (or any other similar law or regulation), in each case, applicable to the Reference Entity in a form which is binding, irrespective of whether such event is expressly provided for under the terms of such Obligation:
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Governmental Intervention means (i) any action taken by any government or agency thereof, subsequent to the formation of the Company, which is material and adverse to any Member, or (ii) any recommendations by any government or agency thereof to the Members or any of them individually, requiring directly or indirectly, formally or informally, alteration or modification of any term or condition of this Agreement or of the Ancillary Agreements, or of the performance of the Members under this Agreement or the Ancillary Agreements in a manner which is material and adverse to one Member.
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Governmental Intervention means that, with respect to the Charged Assets, any one or more of the following events occurs as a result of action taken or an announcement made by a governmental authority pursuant to, or by means of, a restructuring and resolution law or regulation (or any other similar law or regulation), in each case, applicable to the Charged Assets Obligor in a form which is binding, irrespective of whether such event is expressly provided for under the terms of such Charged Assets:
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Examples of Governmental Intervention in a sentence

  • For the purposes of this Clause 19.1.12 (Governmental Intervention) material part of its revenues or assets shall in relation to the relevant Material Group Company be construed as revenues comprising not less than 5 per cent.

  • Examples of Credit Events include Bankruptcy, Failure to Pay, Restructuring, Obligation Acceleration, Obligation Default, Governmental Intervention and Repudiation/Moratorium.

  • EVENTS Any of the events set out in Clause 24.9 (Insolvency and Rescheduling), Clause 24.10 (Winding-up) or Clause 24.12 (Analogous Proceedings) to Clause 24.14 (Governmental Intervention) shall occur in relation to any member of the Financial Group which is not a Material Group Company where such event would be likely to have a Material Adverse Effect.

  • Credit Event means any one or more of the events specified as such in the applicable Final Terms among Bankruptcy, Failure to Pay, Loss Event, Obligation Acceleration, Obligation Default, Repudiation/Moratorium, Restructuring or Governmental Intervention.

  • The 2014 ISDA Definitions “Credit Event” means, with respect to a Credit Derivative Transaction, one or more of Bankruptcy, Failure to Pay, Obligation Acceleration, Obligation Default, Repudiation/Moratorium, Restructuring, or Governmental Intervention.


More Definitions of Governmental Intervention

Governmental Intervention means that, with respect to the Reference Asset, any one or more of the following events occurs as a result of action taken or an announcement made by any authority (including, without limitation, Governmental Authorities) pursuant to, or by means of, a restructuring and resolution law or regulation (or any other similar law or regulation), in each case, applicable to the Reference Entity in a form which is binding, irrespective of whether such event is expressly provided for under the terms of the Reference Asset:
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Governmental Intervention means that, with respect to one or more Obligations and in relation to an aggregate amount of not less than the Default Requirement, any one or more of the
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Related to Governmental Intervention

  • Governmental Body means any government or governmental or regulatory body thereof, or political subdivision thereof, whether federal, state, local or foreign, or any agency, instrumentality or authority thereof, or any court or arbitrator (public or private).

  • Government Entity means (a) any federal, state, provincial or similar government, and any body, board, department, commission, court, tribunal, authority, agency or other instrumentality of any such government or otherwise exercising any executive, legislative, judicial, administrative or regulatory functions of such government or (b) any other government entity having jurisdiction over any matter contemplated by the Operative Agreements or relating to the observance or performance of the obligations of any of the parties to the Operative Agreements.

  • Governmental Entity means any nation or government, any state, province or other political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any court, arbitrator (public or private) or other body or administrative, regulatory or quasi-judicial authority, agency, department, board, commission or instrumentality of any federal, state, local or foreign jurisdiction.

  • Governmental Instrumentality means any federal, state or local department, office, instrumentality, agency, board or commission having jurisdiction over a Party or any portion of the Work, the Project, the Site or the Off-Site Rights of Way and Easements.