Special Termination Event definition

Special Termination Event means a Swap Termination Event caused by the occurrence of (i) an event specified in Sections 5(a)(i) of the Swap Agreement, (ii) an event specified in Section 5(a)(vii) of the Swap Agreement or (iii) a Trigger Event.

Special Termination Event is an Early Termination event caused by the occurrence of (A) an event specified in Section 5(a)(i) of the Master Agreement, (B) an event specified in Section 5(a)(vii) of the Master Agreement or (C) a Trigger Event.

Special Termination Event means the event that prior to the Waiver Termination Date the Borrower makes a final determination, as disclosed to the Administrative Agent and the Lenders (or in any matter made public), that the amount of net securities losses recognized or to be recognized by the Borrower for the period ended December 31, 2007 are in excess of $1,500,000,000 (inclusive of the amount of net securities losses of $860,000,000 previously publicly disclosed by the Borrower in its Form 8-K filing made with the Securities and Exchange Commission on January 14, 2008).

Examples of Special Termination Event in a sentence

• Unless it is prohibited by law from doing so, immediately upon the Reinsurer’s knowledge of a Special Termination Event, the Reinsurer must notify the Company of such event in writing, by electronic mail, certified mail, or a nationally or internationally recognized delivery service.

• Notwithstanding the provisions of the foregoing paragraph, the Company shall have the option to either litigate or arbitrate any dispute in which the Reinsurer makes any allegation of misrepresentation, non-disclosure, concealment, fraud or bad faith and/or where the Reinsurer has experienced a Special Termination Event, as defined in the SPECIAL TERMINATION AND OTHER REMEDIES ARTICLE.

• No express or implied waiver by the Bank of any Event of Default or Special Termination Event shall in any way be a waiver of any future or subsequent Event of Default or Special Termination Event.

• Unless it is prohibited by law from doing so, immediately upon the Reinsurer’s knowledge of a Special Termination Event, the Reinsurer must notify the Company of such an event in writing, by electronic mail, certified mail, or by a nationally or internationally recognized delivery service.

• This risk is mitigated, as under the terms of the lease agreements between the lessee and the Group, any non payment of the lease rentals constitutes a Special Termination Event, under which the lease terminates and the Company may either choose to sell the Asset or lease the Assets to another party.

More Definitions of Special Termination Event

Special Termination Event has the meaning ascribed to such term in Section 6.2 of this Agreement.

Special Termination Event means any of the following events:

Special Termination Event means if prior to the Closing the Board of Directors of Parent determines in its reasonable good faith judgment that there is a reasonable likelihood that the liabilities for any monetary net losses related to Ciena exceeds 66 2/3% of the fair value of Ciena as of September 30, 2009 as such fair value is determined by the Company’s Board of Directors, then Parent shall promptly provide the Company with written notice of the determination (including the reasoning therefor) (the “Ciena Notice”). The Board of Directors of Parent shall make a determination within 15 Business Days of receiving new and material information relating to the Ciena Matters. During a period of five Business Days following the delivery of the Ciena Notice to the Company, either Parent or the Company shall have the right to terminate this Agreement by providing written notice therefor to the other party. In the event of any such termination, no termination fees will be payable hereunder.

Special Termination Event has the meaning set forth in Exhibit E.

Special Termination Event shall have the meaning set forth in Section 7.6.

Special Termination Event has the meaning set forth in Schedule 1.1-9.

Special Termination Event means each of the events set forth in subsections (a) through (d) of Section 2.05 hereof.