Inconvertibility Event definition

Inconvertibility Event means the occurrence, as determined by the Calculation Agent in its sole and absolute discretion, of any action, event or circumstance whatsoever which, from a legal or practical perspective:

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Inconvertibility Event means the occurrence after the Trade Date of any event or the existence of any condition that has the effect of making it impossible, illegal or impracticable for, or has the effect of prohibiting, restricting or materially delaying the ability of, any Reference Investor to (i) convert the Currency into the Settlement Currency through customary legal channels; or (ii) to effect currency transactions on terms as favourable as those available to residents of the Reference Jurisdiction; or (iii) to freely and unconditionally transfer or repatriate any funds (in the Settlement Currency or the Currency) from accounts inside the Reference Jurisdiction to accounts outside the Reference Jurisdiction or between accounts inside the Reference Jurisdiction; or (iv) to receive the full value of any cash payment (when converted to the Settlement Currency) made under the Collateral due to the introduction after the Trade Date by any Governmental Authority of a new currency regime (including the introduction of a dual currency regime) or the imposition of currency exchange limitations.

Inconvertibility Event means any action, event or circumstance whatsoever which, from a legal or practical perspective:

Examples of Inconvertibility Event in a sentence

For the avoidance of doubt, for the purposes of this Section 2.16, references to amounts “due” or “owing” on any date shall exclude amounts that fell due on an earlier date and cannot be paid by virtue of an Inconvertibility Event but in respect of which the Borrower has previously already paid the required amount into the relevant Escrow Account regardless of any intermediate rate variation.
If (i) the Indenture Trustee receives written notice of a Currency Inconvertibility Event or (ii) the Indenture Trustee does not receive any direction as to the Permitted Investments to be purchased, all amounts on deposit in the Reserve Account shall be invested by the Indenture Trustee in investments of the type described in clause (vi) of the definition of Permitted Investments.
For the avoidance of doubt, for the purposes of this Section 2.18(d), references to amounts “due” or “owing” on any date shall exclude amounts that fell due on an earlier date and cannot be paid by virtue of an Inconvertibility Event but in respect of which the Borrower has previously already paid the required amount into an escrow account as contemplated by Section 2.18(c), regardless of any intermediate exchange rate variation.
In the event that there are sufficient funds in the Reserve Account and no Inconvertibility Event has occurred and is continuing on the relevant date, all payments of principal and interest required to be made by Unibanco hereunder and under the other Transaction Documents shall be made, pursuant to the terms hereof, by Unibanco to the Trustee by 1:00 p.m. (New York time) one Business Day prior to the scheduled date therefor (which shall include, without limitation, any Payment Date).
The -------------------------------------------------- Issuer will give notice to the Trustee, as soon as is practicable and in any event within five calendar days after the Issuer becomes aware of any action taken by the Brazilian government that could give rise to an Expropriation Event or an Inconvertibility Event.

More Definitions of Inconvertibility Event

Inconvertibility Event means any event beyond the control of CBA that makes it impossible for CBA to convert to U.S. Dollars through customary legal channels an amount of Australian Dollars sufficient to fulfil CBA's obligations under this Agreement and each Transaction.

Inconvertibility Event means circumstances in which a Relevant Authority is not generally permitting the conversion of local currency into Convertible Currencies or the remittance of Convertible Currencies in order to pay obligations denominated in Convertible Currencies.

Inconvertibility Event means, with respect to any Securities, the occurrence of any event that makes it impossible, unlawful or commercially impracticable for the Issuer to

Inconvertibility Event means the occurrence of any event or 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 any change in or amendment to any law, rule or regulation by the Government of the Reference Obligation Jurisdiction, any political subdivision thereof or authority of any kind in the Reference Obligation Jurisdiction, whether or not such authority is acting as de facto or de jure government, that generally:

Inconvertibility Event means any action, event or circumstance whatsoever which, in the determination of the Calculation Agent, from a legal or practical perspective:

Inconvertibility Event means the occurrence, as determined by the Issuer and/or Calculation Agent in its reasonable discretion (billiges Ermessen), of any action, event or circumstance whatsoever which, from a legal or practical perspective:

Inconvertibility Event means circumstances where there is an unavailability or shortage of foreign exchange in the Country or there has occurred a general moratorium or general debt rescheduling with respect to indebtedness of entities in the Country, whereby by reason of such circumstances, any Authority of the Country having the power to regulate foreign exchange does not permit the Borrower to convert RMB into, and/or transfer, Convertible Currencies in order to pay obligations denominated in Convertible Currencies which are due and owing to any Senior Lender under this Agreement or the other Transaction Documents;