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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