Tangibility Event definition

Tangibility Event means, if, at any time, on or following the Issue Date of the first Tranche of a Series the Tangibility Ratio in respect of such Series falls below 33 per cent.;
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Tangibility Event means, at any time, the Tangibility Ratio falls below 33 per cent.;
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Tangibility Event means if, at any time, the Tangible Asset Ratio, other than as a result of the occurrence of a Loss Event, falls below 33 per cent.;
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Examples of Tangibility Event in a sentence

  • Certifying signature(2): [To be completed by recipient Paying Agent or Transfer Agent](3) 1 Delete as appropriate if Put Option, Change of Control Put Option or Tangibility Event Put Option is to be exercised.

  • Upon receipt of the Tangibility Event Notice, the holder of any Certificates may elect (the "Tangibility Event Put Right") within the Tangibility Event Put Period to require the redemption of all or any of its Certificates.

  • Paying Agent will keep a stock of Certificateholder Put Notices, Change of Control Put Notices and/or Tangibility Event Put Notices and will make them available on demand to holders of definitive Certificates, the Conditions of which provide for redemption at the option of Certificateholders.

  • If any Certificateholder exercises its right to redeem its Certificates in accordance with this Condition 11.3, the Issuer shall redeem such Certificates on the Tangibility Event Put Right Date at the Tangibility Event Dissolution Amount.

  • If all (and not some only) of the Certificates are to be redeemed on any Tangibility Event Redemption Date in accordance with this Condition 12.5, upon payment in full of such amounts to all Certificateholders and execution of a sale agreement pursuant to the Purchase Undertaking, the Trustee shall be bound to dissolve the Trust.

  • At the end of the Change of Control Put Period or Tangibility Event Put Period, as applicable, the Registrar shall promptly notify the Principal Paying Agent, the Issuer and Ziraat Katılım of the face amount of the Certificates in respect of which the Change of Control Put Right or Tangibility Event Put Right, as applicable, has been exercised together with their serial numbers.

  • Upon receipt of the Delisting Notice, any Certificateholder may exercise its option within the Tangibility Event Put Right Period to require the redemption of all or any of its Certificates.

  • Any Tangibility Event Put Notice given by a Certificateholder pursuant to this Condition 12.5 shall be irrevocable and the Trustee will redeem all Certificates which are the subject of a validly delivered Put Notice on the relevant Tangibility Event Redemption Date.

  • If any Certificateholder exercises its right to redeem its Certificates in accordance with this Condition 12.5, the Trustee shall redeem such Certificates on the Tangibility Event Redemption Date at the Tangibility Event Redemption Amount together with the Periodic Distribution Amounts on such Certificate due to (but excluding) the relevant Tangibility Event Redemption Date.


More Definitions of Tangibility Event

Tangibility Event shall occur if the Tangibility Ratio falls below 33%, other than as a result of a Total Loss Event or a Partial Loss Event;
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Tangibility Event means if, at any time, the Tangible Asset Ratio falls below 33 per cent; “Tangibility Event Exercise Price” has the meaning given to it in the Purchase Undertaking; “Tangibility Event Notice” has the meaning given to it in Condition 10(e);
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Related to Tangibility Event

  • Non-Viability Event means the earlier of:

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Business Continuity Event means any event or issue that could impact on the operations of the Supplier and its ability to provide the Services including an influenza pandemic and any Force Majeure Event;

  • Security Event means an immediately reportable subset of security incidents which incident would include: a. A suspected penetration of Contractor’s information system of which the Contractor becomes aware of but for which it is not able to verify immediately upon becoming aware of the suspected incident that PHI was not accessed, stolen, used, disclosed, modified, or destroyed; b. Any indication, evidence, or other security documentation that the Contractor’s network resources, including, but not limited to, software, network routers, firewalls, database and application servers, intrusion detection systems or other security appliances, may have been damaged, modified, taken over by proxy, or otherwise compromised, for which Contractor cannot refute the indication of the time the Contractor became aware of such indication; c. A breach of the security of the Contractor’s information system(s) by unauthorized acquisition, including, but not limited to, access to or use, disclosure, modification or destruction, of unencrypted computerized data and which incident materially compromises the security, confidentiality, or integrity of the PHI; and or, d. The unauthorized acquisition, including but not limited to access to or use, disclosure, modification or destruction, of unencrypted PHI or other confidential information of the County by an employee or authorized user of Contractor’s system(s) which materially compromises the security, confidentiality, or integrity of PHI or other confidential information of the County. If data acquired (including but not limited to access to or use, disclosure, modification or destruction of such data) is in encrypted format but the decryption key which would allow the decoding of the data is also taken, the parties shall treat the acquisition as a breach for purposes of determining appropriate response.

  • Cybersecurity Event means any act or attempt, successful or, to the extent known by Provider, unsuccessful, to gain unauthorized access to, disrupt or misuse an Information System or Nonpublic Information stored on such Information System. The ongoing existence and occurrence of attempted but Unsuccessful Security Incidents shall not constitute a Cybersecurity Event under this definition. “Unsuccessful Security Incidents” are activities such as pings and other broadcast attacks on Provider’s firewall, port scans, unsuccessful log-on attempts, denials of service and any combination of the above, so long as no such incident results in unauthorized access, use or disclosure of Molina Nonpublic Information or sustained interruption of service obligations to Molina.