Ministerial Action definition

Ministerial Action shall have the meaning set forth in Section 3.2.

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Ministerial Action has the meaning set forth in the terms of the Securities as set forth in Annex I.

Ministerial Action means the taking of an action, such as filing a form or making an election, or pursuing some other similar reasonable measure that will have no adverse effect on the Trust, the Depositor or the Holders of the Trust Securities and will involve no material cost.

Examples of Ministerial Action in a sentence

• Following such redemption, Securities with an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so redeemed shall be redeemed by the Trust at the Redemption Price on a Pro Rata basis; provided, however, that, if at any time there is available to the Sponsor or the Trust the opportunity to eliminate, within such 90 Day Period, the Tax Event by taking some Ministerial Action, the Trust or the Sponsor will pursue such Ministerial Action in lieu of redemption.

• CITY shall inform the LANDOWNER, upon request, of the necessary submission requirements for each application for a permit or other entitlement for Development and shall review said application and shall schedule the application for review and Discretionary Action by the appropriate CITY board, commission or City Council or for Ministerial Action by CITY staff.

• The final stage of this process has been the establishment at Millbrook in New Zealand of a mechanism to enforce these principles and standards: the Commonwealth Ministerial Action Group.

• At the 15th meeting of the Commonwealth Ministerial Action Group (CMAG) in March 2001, the Ministers from Botswana, Australia, Bangladesh, Barbados, Canada, Malaysia, Nigeria and the United Kingdom took the step of making a statement on the current Zimbabwe crisis.

• In processing an application as described in this Section 2.8, CITY shall have the sole exclusive discretion to approve or deny a Discretionary Action or a Ministerial Action after the Effective Date, subject to Section 3.3, and consistent with the terms of this Agreement.

More Definitions of Ministerial Action

Ministerial Action means an action that an individual performs in a given state of facts in a prescribed manner in obedi- ence to the mandate of legal authority, without regard to the exer- cise of the individual’s own judgment as to the propriety of the action being taken.

Ministerial Action has the meaning set forth in Annex I hereto.

Ministerial Action has the meaning set forth in Section 4(c) of the terms of the Securities as set forth in Exhibits B and C hereto.

Ministerial Action has the meaning specified in Section 1110.

Ministerial Action has the meaning set forth in Exhibit A.

Ministerial Action means an action that a person performs in a prescribed manner in obedience to the mandate of legal authority, without regard to, or the exercise of, such person's own judgment upon the propriety of the action being taken;

Ministerial Action means the filing of a form, making an election, or pursuing some other similar reasonable measure that has no adverse effect on the Trust, the Debenture Issuer, the Sponsor or the Holders.