Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the performance of the KPI [1] meets or exceeds the SPT [1] [[and/or] whether the KPI 2 meets or exceeds the SPT 2] [[and/or] whether the KPI 3 meets or exceeds the SPT 3], whereby such certification shall be published not later than on the Notice Date in accordance with the provisions of these Terms and Conditions.
Verification Assurance Certificate means, with respect to any KPI with respect to any Relevant Financial Year for which one or more SPT(s) is/are established under these Terms and Conditions, a report by an External Verifier confirming whether the performance of the KPI meets the relevant SPT(s), which will be published on the Issuer’s website latest on the Target Reporting Date. (b) KPI, SPT, SPT Events.
Verification Assurance Certificate means a verification assurance certificate
Examples of Verification Assurance Certificate in a sentence
The Issuer fails to publish, by the Deadline, (i) a Sustainability Report for the financial year ending on the Sustainable Performance Target Observation Date or (ii) a Verification Assurance Certificate in respect of such Sustainability Report.
For the fiscal year ending on the Target Observation Date, the Issuer will publish on its website a verification assurance certificate by the External Verifier (such report, the SPT Verification Assurance Certificate), which shall confirm whether the KPI Group has achieved the Sustainability Performance Target on the Target Observation Date.
The occurrence of any Sustainability Trigger Event or the failure by the Issuer to publish the SPT Verification Assurance Certificate in accordance with Condition 4.2.3 (Reporting of Sustainability Performance Targets) shall not constitute an Event of Default or a breach of the Issuer's obligations under the Notes.
For the Fiscal Year in which the Target Observation Date falls, the Issuer shall include in a dedicated section of its Universal Registration Document or publish on its website as a separate report or document a certificate issued by the External Verifier confirming whether or not the Issuer has achieved the Sustainability Performance Targets as at the Target Observation Date (the "SPT Verification Assurance Certificate").
The SPT Verification Assurance Certificate shall be published no later than the date of publication of the Issuer's Universal Registration Document in respect of the Fiscal Year in which the Target Observation Date falls (or, if earlier, the date falling 4 months after the Target Observation Date).
More Definitions of Verification Assurance Certificate
Verification Assurance Certificate means [●]. [●]]§ 4PAYMENTS
Verification Assurance Certificate means [●]. [●]](2) Early Redemption for Reasons of Taxation. If, as a result of a change in or amendment of legal provisions, or any amendment to or change in the application or official interpretation of such legal provisions, which change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer becomes obliged to pay Additional Amounts referred to in § 7(1) on the next succeeding Interest Payment Date (as defined in § 3(1)), and this obligation cannot be avoided by the use of measures available to the Issuer which are, in the judgement of the Issuer, reasonable, the Issuer shall be entitled, upon not less than 30 days and not more than 60 days' notice, to redeem prior to maturity on the first day of each calendar month during the life of the Notes all, but not part only, of the outstanding Notes at their Early Redemption Amount (as defined below), together with the interest accrued to the date fixed for redemption. No redemption pursuant to this § 5(2) shall occur more than one month prior to the date at which such change in, or amendment of, legal provisions becomes applicable to the Notes for the first time. A redemption by the Issuer pursuant to this § 5(2) shall be effected by irrevocable notice to the Holders in accordance with § 12 and must state the date of redemption as well as a summary of the facts which constitute the call right. Such notice can only be given after the Issuer provided the Fiscal Agent with a statement, signed by as many authorized signatories as legally prescribed, to the effect that the Issuer cannot, in its judgement, avoid the obligation by the use of measures available to the Issuer according to this paragraph (2). In addition, before giving such notice, the Issuer must provide the Paying Agent with a legal opinion, issued by a law firm of good standing,which states that the Issuer is obliged to pay Additional Amounts according to § 7(1) as a result of a change in or amendment of legal provisions, or any amendment to or change in the application or official interpretation of such legal provisions. If the Notes are subject to Early Redemption at the Option of the Issuer insert:[(3) Early Redemption at the Option of the Issuer.
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the KPI [1] meets or exceeds the SPT [1] [[and/or] whether the KPI 2 meets or exceeds the SPT 2] [[and/or] whether the KPI 3 [●] meets or exceeds the SPT 3 [●]] [[and/or] whether the KPI [●] meets or exceeds the SPT [●]], whereby such certification shall be published not later than on the Notice Date in accordance with the provisions of these Terms and Conditions.] [if Interest Sustainability Step-up with two or more Sustainable Performance Target Observation Dates and either one or more KPIs, the following applies:(5) Interest Rate Adjustment upon occurrence of a Step-up Event. If a Step-up Event occurs, the rate of interest payable on the Notes for the Interest Period commencing on a Step-up Date and each subsequent Interest Period shall be:
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the performance of the KPI [1] meets or exceeds the SPT [1] [[and/or] whether the KPI 2 meets or exceeds the SPT 2] [[and/or] whether the KPI 3 meets or exceeds the SPT 3] [●], whereby such certification shall be published not later than on the Notice Date in accordance with the provisions of these Terms and Conditions.] (2) Early Redemption for Reasons of Taxation. If as a result of any change in, or amendment to, the laws or regulations of the Republic of Austria or any political subdivision or taxing authority thereto or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an officialinterpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this Series of Notes was issued, the Issuer is required to pay Additional Amounts pursuant to § 7 (1) on the next succeeding Interest Payment Date (as defined in § 3 (1)), the Notes may be redeemed, in whole but not in part, at the option of the Issuer, upon not less than 30 days' prior notice of redemption given to the Fiscal Agent and, in accordance with § 12, to the Noteholders, at their Early Redemption Amount (as defined below) together with interest, if any, accrued to the date fixed for redemption. Any such notice shall be given in accordance with § 12. It shall be irrevocable, must specify the date fixed for redemption and must set forth a statement in summary form of the facts constituting the basis for the right of the Issuer so to redeem. [If Notes are subject to Early Redemption at the Option of the Issuer, insert: (3) Early Redemption at the Option of the Issuer.
Verification Assurance Certificate means a verification assurance certificate issued by an External Verifier outlying the performance of the Sustainability Performance Targets. Such Verification Assurance Certificate shall be made available and communicated by the Issuer within 120 days following the Target Observation Date to the Fiscal Agent and the Calculation Agent and notified to the Noteholders (copy to the Representative) (in accordance with Condition 10 (Notices)). 3 As per Science-Based Target initiative standards (“SBTi”), scope 1&2 emissions remain the Group’s most relevant carbon footprint indicator and should be tracked to measure the Issuer’s ability to comply with its SBTi trajectory of reducing total CO2 emissions.Interest will be calculated on an Actual/Actual (ICMA) basis. Where interest is to be calculated in respect of a period of less than one (1) year, it shall be calculated on the basis of the number of days elapsed in the relevant Interest Period, from and including the date from which interest begins to accrue to but excluding the date on which it falls due, divided by the number of days in such Interest Period in which the relevant period falls (including the first but excluding the last day of such period).The Calculation Agent will cause the Rate of Interest for the relevant Interest Period to be notified to the Issuer, the Paying Agent, the Make-Whole Calculation Agent and to the Noteholders (copy to the Representative) in accordance with Condition 10 (Notices) as soon as possible, but in no event later than the seventh (7th) Business Day preceding each Interest Payment Date.
Verification Assurance Certificate means the certificate issued by Independent Verifier confirming whether the performance of the KPI
Verification Assurance Certificate means a verification assurance certificate issued by an External Verifier outlying the performance of the Sustainability Performance Targets. Such Verification Assurance Certificate shall be made available and communicated by the Issuer within 120 days following the Target Observation Date to the Fiscal Agent andthe Calculation Agent and notified to the Noteholders (copy to the Representative) (in accordance with Condition 10 (Notices)).