Significant Alteration Event definition

Significant Alteration Event has the meaning set out in Condition 11 (Meeting of Noteholders and Modifications).
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Significant Alteration Event means any event or circumstance or combination of events or circumstances occurring after the Trade Date that is not attributable to the Issuer but which has as its consequence that the economic balance of the Notes for the Issuer as at the Trade Date is significantly altered, including where such event causes a material increased cost for the Issuer as a consequence of change in tax laws, solvency or regulatory capital requirements, nationalisation, or regulatory action, or in other events of similar nature that comply with the above conditions, but, in each case, where such event does not constitute a Force Majeure Event.
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Significant Alteration Event means any event or circumstance or combination of events or circumstances occurring after the Issue Date that is not attributable to the Issuer but which has as its consequence that the economic balance of the Warrants between the Issuer on the one hand and the Warrantholders on the other hand as at the Issue Date is significantly altered, including, withoutlimitation, where such event or circumstance or combination of events or circumstances constitutes an Illegality Event or Change in Law or causes a material increased cost for the Issuer as a consequence of a change in tax laws, solvency or regulatory capital requirements, nationalisation, or regulatory action, or, to the extent permitted by applicable law, in other events of similar nature that comply with the above conditions, but, in each case, where such event does not constitute a Force Majeure Event.
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Examples of Significant Alteration Event in a sentence

  • The following Optional Additional Disruption Events apply to the Securities: Significant Alteration Event, Administrator/Benchmark Event.

  • The following Optional Additional Disruption Events apply to the Securities: Significant Alteration Event, Administrator/Benchmark Event, Insolvency Filing.

  • Condition 10.3 (Modification upon Significant Alteration Event (Issuer) or Force Majeure (Issuer)):Applicable45.

  • Condition 10.3 (Modification upon Significant Alteration Event (Issuer) orForce Majeure (Issuer)):Applicable45.

  • Early Redemption Amount (a) Early redemption for taxation reasons (pursuant to Condition 5.2): (b) Early redemption on event of default (pursuant to Condition 9.1): (i) Early Redemption Amount of each Note payable on early redemption: (c) Early redemption for Significant Alteration Event (Issuer) and Force Majeure (Issuer) pursuant to Condition 5.7):(i) Early Redemption Amount (Significant Alteration Event (Issuer)) Not Applicable Principal Protected Amount: 100 per cent.

  • The labour movement has used many means and avenues to ensure governments and corporations consider the impact of their decisions on the environment.

  • Early Settlement for Force Majeure and Significant Alteration Event (Condition 7.6):(a) Force Majeure Event:Not Applicable(b) Significant Alteration Event:Not Applicable43.

  • Additional Disruption Events and Optional Additional Disruption Events:(a) Additional Disruption Events: Not applicable(b) The following Optional Additional Disruption Events apply to the Securities:Administrator/Benchmark Event Extraordinary External Event Significant Alteration Event Jurisdiction EventHedging Arrangements: Not applicable(c) Redemption: Monetisation Option: Applicable Protected Amount: 100.00 per cent.

  • Condition 10.3 (Modification upon Significant Alteration Event (Issuer) orApplicableForce Majeure (Issuer)): 45.

  • The following Optional Additional Disruption Events apply to the Securities:Administrator/Benchmark Event Extraordinary External Event Significant Alteration Event Jurisdiction EventHedging Arrangements: Not applicable(c) Redemption:Delayed Redemption on Occurrence of an Additional Disruption Event and/or Optional Additional Disruption Event: ApplicableMonetisation Option: ApplicableProtected Amount: 100.00 per cent.


More Definitions of Significant Alteration Event

Significant Alteration Event means that, on or after the Issue Date, an event or circumstance or combination of events or circumstances (other than an Illegality Event, a Force Majeure Event or a Change in Law) occur, including with respect to the Charged Assets, which the Issuer or the Calculation Agent determines that:
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Related to Significant Alteration Event

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Significant Event means any Amortization Event or Event of Default.

  • Material Alteration shall have the meaning set forth in Section 4.1.11.

  • Structural alteration means an Alteration that (i) will result in a change in the footprint of the Improvements, (ii) involves the addition of one or more floors to the Improvements, (iii) affects the structural elements or any exterior walls of the Improvements, (iv) decreases the rentable square footage of the Leased Premises other than to a de minimis extent or (v) adversely affects the proper functioning and/or capacity of the building systems in the Improvements.

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Substantial alteration means an alteration that has a major impact on the architectural features, characteristics, appearance, or integrity of a structure or lot. The term does not include routine maintenance that is reasonably necessary to maintain a dealership facility in attractive condition and does not include any changes to items protected by federal intellectual property rights.

  • Structural Alterations means any Alterations involving the structural, mechanical, electrical, plumbing, fire/life safety or heating, ventilating and air conditioning systems of the Building.

  • Significant break in coverage means a period of 63 consecutive days during each of which an individual does not have creditable coverage.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Specialty Alterations means Alterations consisting of kitchens, executive bathrooms, raised computer floors, computer installations, vaults, libraries, internal staircases, dumbwaiters, pneumatic tubes, vertical and horizontal transportation systems, and other Alterations of a similar character.

  • 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.

  • Alterations means all changes, additions, improvements or repairs to, all alterations, reconstructions, renewals, replacements or removals of and all substitutions or replacements for any of the Improvements or Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • 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.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • 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.

  • Benchmark Modification or Cessation Event means, in respect of the Benchmark any of the following has occurred or will occur:

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Intent-Based Replacement Disclosure means, as to any security or combination of securities, that the issuer thereof has publicly stated its intention, either in the prospectus or other offering document under which such securities were initially offered for sale or in filings with the Commission made by the issuer under the Securities Exchange Act prior to or contemporaneously with the issuance of such securities, that the issuer will redeem or repurchase such securities only with the proceeds of replacement capital securities that have equity-like characteristics at the time of redemption or repurchase that are the same as or more equity-like than the securities then being redeemed or repurchased, raised within 180 days prior to the applicable redemption or repurchase date. Notwithstanding the use of the term “Intent-Based Replacement Disclosure” in the definitions of “Qualifying Capital Securities” and “Qualifying Non-Cumulative Preferred Stock”, the requirement in each such definition that a particular security or the related transaction documents include Intent-Based Replacement Disclosure shall be disregarded and given no force or effect for so long as the Corporation is a bank holding company within the meaning of the Bank Holding Company Act of 1956, as amended.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Significant Asset Sale means the sale, transfer, lease or other disposition by Holdings or any Subsidiary to any person other than the Borrower or a Subsidiary Guarantor of all or substantially all of the assets of, or a majority of the Equity Interests in, a person, or a division or line of business or other business unit of a person.

  • Substantial improvement means any combination of repairs, reconstruction, rehabilitation, addition, or other improvement of a structure, taking place during any one-year period for which the cost equals or exceeds 50 percent of the market value of the structure before the “start of construction” of the improvement. This term includes structures which have incurred “substantial damage”, regardless of the actual repair work performed. The term does not, however, include either:

  • 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.

  • Major renovation means the renovation of a building where: