Inconvertibility Event definition

Inconvertibility Event means the occurrence, as determined by the Calculation Agent in its sole and absolute discretion, of any action, event or circumstance whatsoever which, from a legal or practical perspective:

Inconvertibility Event means the occurrence after the Trade Date of any event or the existence of any condition that has the effect of making it impossible, illegal or impracticable for, or has the effect of prohibiting, restricting or materially delaying the ability of, any Reference Investor to (i) convert the Currency into the Settlement Currency through customary legal channels; or (ii) to effect currency transactions on terms as favourable as those available to residents of the Reference Jurisdiction; or (iii) to freely and unconditionally transfer or repatriate any funds (in the Settlement Currency or the Currency) from accounts inside the Reference Jurisdiction to accounts outside the Reference Jurisdiction or between accounts inside the Reference Jurisdiction; or (iv) to receive the full value of any cash payment (when converted to the Settlement Currency) made under the Collateral due to the introduction after the Trade Date by any Governmental Authority of a new currency regime (including the introduction of a dual currency regime) or the imposition of currency exchange limitations.

Inconvertibility Event means any action, event or circumstance whatsoever which, from a legal or practical perspective:

Examples of Inconvertibility Event in a sentence

• Inconvertibility: If prior to the Novation Date an Inconvertibility Event occurs the Standby Swap Provider's rights, powers, privileges and obligations under this Agreement and each Transaction will terminate upon the Standby Swap Provider delivering a notice expressed to be given under this provision to Party A, Party B and the Manager and Party B will be taken to have released the Standby Swap Provider from all its unperformed and future obligations under this Agreement and each Transaction.

• The -------------------------------------------------- Issuer will give notice to the Trustee, as soon as is practicable and in any event within five calendar days after the Issuer becomes aware of any action taken by the Brazilian government that could give rise to an Expropriation Event or an Inconvertibility Event.

• The Issuer will give notice to the Trustee, as soon as is practicable and in any event within five calendar days after the Issuer becomes aware of any action taken by the Brazilian government that could give rise to an Expropriation Event or an Inconvertibility Event.

More Definitions of Inconvertibility Event

Inconvertibility Event means any event beyond the control of CBA that makes it impossible for CBA to convert to U.S. Dollars through customary legal channels an amount of Australian Dollars sufficient to fulfil CBA's obligations under this Agreement and each Transaction.

Inconvertibility Event means circumstances in which a Relevant Authority is not generally permitting the conversion of local currency into Convertible Currencies or the remittance of Convertible Currencies in order to pay obligations denominated in Convertible Currencies.

Inconvertibility Event means the occurrence of any event or existence of any condition, including without limitation any such event or condition that occurs as a result of the enactment, promulgation, execution, ratification, interpretation or application of any change in or amendment to any law, rule or regulation by the Government of the Reference Obligation Jurisdiction, any political subdivision thereof or authority of any kind in the Reference Obligation Jurisdiction, whether or not such authority is acting as de facto or de jure government, that generally:

Inconvertibility Event means, with respect to any Securities, the occurrence of any event that makes it impossible, unlawful or commercially impracticable for the Issuer to

Inconvertibility Event means any action, event or circumstance whatsoever which, in the determination of the Calculation Agent, from a legal or practical perspective:

Inconvertibility Event means any action, event or circumstance whatsoever which from a legal or practical perspective during the term of the Securities:

Inconvertibility Event means the occurrence of any one or more of the following: