Reconstruction Event definition

Reconstruction Event means a compromise or arrangement under section 166 of the Companies Ordinance for the amalgamation or merger of the Company with any other company or companies;
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Reconstruction Event has the meaning given to it in Clause 21.4(a) (Merger).
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Reconstruction Event has the meaning given to it in the Final Funding Agreement.
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Examples of Reconstruction Event in a sentence

  • Unless the Plan Committee determines that it is undesirable for this Rule to apply, if a Capital Reconstruction Event occurs, any resulting shares or ADRs will be held under the Plan and the Plan will apply to such shares or ADRs in a manner that is as near as possible to the way the Plan applies to Plan Securities.

  • We have satisfied ourselves that nothing in the Proposal involves the occurrence of an Insolvency Event, Wind-Up Event or Reconstruction Event.

  • Second, we did not want to tie Eyeorg to one particular crowdsourcing service; we wanted the ability to draw from a larger, more diverse participant pool, includ- ing those not registered as crowd workers, like friends and colleagues.

  • These rights and the constraints applying to them are described in Section 8.3.1 Specifically, the Trustee may only enforce the James Hardie Guarantee upon the occurrence of: > a breach of any guaranteed obligation by the Performing Subsidiary; or > a Wind-Up Event or Reconstruction Event of James Hardie (and then subject to the constraints summarised in Part F, Section 1).

  • To implement these principles, the Final Funding Agreement provides that the Reconstruction Amount immediately ceases to be payable, and the funding obligations and the guaranteed obligations immediately cease to be subject to any acceleration and crystallisation, if: > the order constituting the Reconstruction Event is entered or made (or deemed to have been entered or made) and is subsequently struck out, dismissed, reversed, withdrawn or otherwise comes to an end.

  • P4.2. The Client shall be entitled to sell the Products and pass the property in the same to third parties in the normal course of business until either the Client fails to pay for any Product by the Due Date or the occurrence of a Reconstruction Event, but the proceeds of resale and/or the claim to such proceeds will be held in trust for Intrepid Solutions Australia until such time as all sums owing to Intrepid Solutions Australia in respect of the sale of such Products have been paid.

  • Collectors from that continent have bought a third of the tiaras sold by the auction house in the past five years.The Kashmir sapphire, a 55.19 carat gem, was formerly in the collection of Maureen Constance Guinness, a mar- chioness of the aristocratic Anglo-Irish brewing family, who died in 1998.

  • However, as an anti-avoidance measure, C will be deemed to be equal to zero if James Hardie commences bankruptcy proceedings under the US Bankruptcy Code which result in the occurrence of a Reconstruction Event, and the amount of the Trustee’s claim is required to be determined in order for the Trustee to prove or vote that claim to permit the Trustee to participate in a vote of creditors, and James Hardie fails to provide the information required in order to permit such a determination to be made.

  • The arrangements are further designed to ensure that once the Trustee has been able to participate in such a vote of creditors in connection with the Reconstruction Event, or that event is otherwise resolved, the Trustee will not be entitled to seek to recover the Reconstruction Amount.

  • Efforts should be directed towards reducing the cone of uncertainty by improv- ing track accuracy, size estimation, and spatial distribution of cyclones.

Related to Reconstruction Event

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.

  • Reduction Event means, in relation to Notes that are Subordinated Notes, that a resolution has been passed at a general meeting of the Issuer’s shareholders in accordance with Danish law to reduce, inter alia and in the order described in Condition 10.3 (Effect), the Outstanding Principal Amounts and any accrued but unpaid interest and following the occurrence of all of the following circumstances:

  • Condemnation Event means any act of taking by a public or quasi-public authority through condemnation, reverse condemnation or eminent domain.

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of this Agreement.

  • Reorganization Event has the meaning specified in Section 5.6(b).

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Early Dissolution Event has the meaning specified in Section 9.2.

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Shares (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(e)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Shares shall be entitled to receive cash, securities or other property for their PubCo Shares.

  • Warranty Event As to any Asset, the discovery that as of the related Cut-Off Date or Funding Date there had existed a breach of any representation or warranty relating to such Asset and the continuance of such breach through any applicable determination date or beyond any applicable cure period.

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Event of Loss means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property.

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Valuation Event means an event in which the Company at any time during a Valuation Period takes any of the following actions:

  • Disruption Event means either or both of:

  • 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.