Ineligibility Event definition

Ineligibility Event with respect to any Purchased Receivable, any event of the type specified in (1) clauses (i), (ii) or (iii) of subsection 2.11 or (2) clauses (vi) or (xii) of subsection 9.1(a).
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Ineligibility Event shall have the meaning specified in subsection 2.06.
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Ineligibility Event means [* * *].
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Examples of Ineligibility Event in a sentence

  • Without prejudice to the generality of the foregoing, a company in relation to which an Ineligibility Event has occurred can not join the PROOF Scheme unless and until a Re-eligibility Event occurs in relation to that company.

  • An Opted-In Company will cease automatically to be an Opted-In Company upon the occurrence of an Ineligibility Event in relation to that Company and such a Company can only apply to rejoin the PROOF Scheme as provided in paragraph 3.5.

  • Optional call date, contingent call dates and redemption amount Optional call date (Issuer Call): 30 July 2023.Early redemption possible due to a Tax or Ineligibility Event.

  • Redemption amount: USDOptional call date (Issuer Call): 30 January 2026.Early redemption possible due to a Tax or Ineligibility Event.

  • Where an Ineligibility Event occurs, the Responsible Entity will provide the investor with written notice of the Ineligibility Event and will provide the unitholder with the option to either: • provide sufficient evidence to satisfy the Responsible Entity that an Ineligibility Event has not occurred; or• elect to:– reclassify/convert the Adviser Units to Ordinary Units or Wholesale Units; or– withdraw from the Fund.

  • Redemption at the Option of the Issuer upon an Ineligibility Event (Ineligibility Issuer Call)The applicable Final Terms indicates whether the Notes are subject to redemption prior to the Maturity Date at the option of the Issuer (other than for tax reasons or pursuant to an Issuer Call or a Make-Whole Redemption) upon the occurrence of an Ineligibility Event (such option, an “ Ineligibility Issuer Call”).

  • Where an Ineligibility Event occurs, the Responsible Entity will provide the investor with written notice of the Ineligibility Event and will provide the unitholder with the option to either:  provide sufficient evidence to satisfy the Responsible Entity that an Ineligibility Event has not occurred; or elect to: – reclassify/convert the Adviser Units to Ordinary Units or Wholesale Units; or – withdraw from the Fund.


More Definitions of Ineligibility Event

Ineligibility Event means in respect of any Project:
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Ineligibility Event the meaning given to it in paragraph 3.2.
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Ineligibility Event means the occurrence of any relevant Holder ceasing to be an Eligible Foreign Institutional Investor or a CIBM Eligible Investor to trade in the CIBM as a member or under Bond Connect, as the case may be (in each case, whether temporarily or on a permanent basis), or any other circumstance which could prohibit, restrict or materially delay the ability of the relevant Holder to freely purchase, hold, receive, sell, transfer, dispose of, receive, remit or transfer the proceeds of or remain the owner of any Reference Obligation, in each case, as determined by the Calculation Agent.
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Ineligibility Event shall have the meaning set forth in Section 2.06 of the Receivables Sale Agreement.
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Ineligibility Event as defined in Section 2.4(b)(ii).
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Related to Ineligibility Event

  • Ineligibility means the Athlete or other Person is barred on account of an anti-doping rule violation for a specified period of time from participating in any Competition or other activity or funding as provided in Article 10.12.1;

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • Investment Company Event means the receipt by the Debenture Issuer and the Trust of an opinion of counsel experienced in such matters to the effect that, as a result of the occurrence of a change in law or regulation or written change (including any announced prospective change) in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority, there is more than an insubstantial risk that the Trust is or, within 90 days of the date of such opinion, will be considered an Investment Company that is required to be registered under the Investment Company Act which change or prospective change becomes effective or would become effective, as the case may be, on or after the date of the issuance of the Debentures.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Eligibility Date means the date you become eligible for insurance under this plan. The Eligibility Requirements are shown in the Schedule of Benefits.

  • Non-Viability Event means the earlier of:

  • Disqualification Event shall have the meaning ascribed to such term in Section 3.1(rr).

  • Company Termination Event means any of the following:

  • Disqualifying Event has the meaning specified in the definition of “Eligible Currency”.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Ineligible means that the individual obtained the checks and clearances as described in sections 5n and 5q and is not considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member due to violation of section 5n, 5q, or 5r.

  • Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.

  • Key Person Event means at any time during the Commitment Period (i) [__]4 ceases to devote time and attention for any reason, including death, disability or retirement, as required under Section 9.2 (Time and Attention) to the Fund[, the Prior Funds] and any Successor Fund permitted in accordance with this Agreement; or (ii) there is a Change of Control.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.

  • Equity Event is the receipt by Borrower, on or after March 6, 2018 and on or prior to June 30, 2018, of unrestricted net cash proceeds of not less than Thirty Million Dollars ($30,000,000.00) from (i) the issuance and sale by Borrower of its unsecured subordinated convertible debt and/or equity securities and/or (ii) “up front” or milestone payments in connection with a joint venture, collaboration or other partnering transaction.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Eligibility Determination means an approval or denial of eligibility and a renewal or termination of eligibility as set forth in OAR 410-200-0015;¶

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

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

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.