Additional Termination Events definition
Additional Termination Events. As defined in the Swap Agreement.
Additional Termination Events shall apply. Each of the following shall constitute an Additional Termination Event and Party B shall be the sole Affected Party with respect thereto:
Additional Termination Events means the occurrence of any of the following events (with Party B being the sole Affected Party, in each case):
(i) On any Transfer Date following an Early Redemption Event, a Nominal Liquidation Amount Deficit (determined after giving effect to any reimbursement of such Nominal Liquidation Amount Deficit on such Transfer Date), if any, for the Class C Notes exceeds the amount on deposit in the Class C Reserve sub-Account for the Class C Notes.
Examples of Additional Termination Events in a sentence
Additional Termination Events will apply as provided in Part 5(c).
Additional Termination Events will apply: (a) If a Rating Agency Downgrade has occurred and BSFP has not, within 30 days, complied with Section 9 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such an Additional Termination Event.
Notwithstanding the foregoing, Counterparty’s obligations set forth under the captions, “Reimbursement of Legal Fees and Other Expenses,” and “Other Provisions — (d) Indemnification” shall survive any termination due to the occurrence of either of the foregoing Additional Termination Events.
Additional Termination Events will apply: If a Ratings Event has occurred and IXIS has not, within 30 days, complied with Section 9 below, then an Additional Termination Event shall have occurred with respect to IXIS and IXIS shall be the sole Affected Party with respect to such an Additional Termination Event.
For all other purposes of this Annex, each Termination Event specified below with respect to a party will be a “Specified Condition” for that party: Illegality [ ] [ ] Tax Event [ ] [ ] Tax Event Upon Merger [ ] [ ] Credit Event Upon Merger [ ] [ ] The Additional Termination Events specified in Part 1(m) of the Schedule to this Agreement.
More Definitions of Additional Termination Events
Additional Termination Events means the following (with Party B being the Affected Party, in each case):
Additional Termination Events. The occurrence of the following event shall constitute an Additional Termination Event: An Additional Termination Event shall occur if , as of any date, any of the following events occurs:
Additional Termination Events. Notwithstanding anything to the contrary in the 1996 Definitions, it shall be an Additional Termination Event if the Announcement Date of any Nationalization or Insolvency should occur at any time from and including the Trade Date to and including the Pricing Date. For purposes of the foregoing Additional Termination Events,
Additional Termination Events. Notwithstanding any other provision hereof, an “Additional Termination Event” shall occur and Party B shall be the sole Affected Party with respect to such Additional Termination Event if on any day occurring after the Trade Date Party B declares a distribution, issue or dividend to existing holders of the Shares with a record date on or prior to the Valuation Date of (i) an extraordinary cash dividend, (ii) a regular quarterly cash dividend (A) in an amount greater than USD 0.20 per Share per quarter (quarterly dividends in such amounts, “Regular Quarterly Dividend”) or (B) with a record date five or more Exchange Business Days prior to or after the expected record dates for such Regular Quarterly Dividends (currently expected to occur on October 9, 2006, January 2, 2007, April 9, 2007 and July 9, 2007), (iii) securities or share capital of another issuer acquired or owned (directly or indirectly) by Party B as a result of a spin-off or other similar transaction or (iv) any other type of securities (other than Shares, which may constitute a Potential Adjustment Event), rights or warrants or other assets, in any case for payment (cash or other consideration) at less than the prevailing market price as determined by the Calculation Agent in a commercially reasonable manner. Company Purchases: Without the prior written consent of Party A, which shall not be unreasonably delayed or denied, Party B shall not (except through Party A or an affiliate thereof), and shall cause its affiliated purchasers (as defined in Rule 10b-18 of the Exchange Act) not to, directly or indirectly (including by means of a derivative instrument) enter into any transaction to purchase any Shares during the Initial Hedge Period and thereafter until all payments or deliveries hereunder have been made.
Additional Termination Events. Notwithstanding any other provision hereof, an “Additional Termination Event” shall occur and Party B shall be the sole Affected Party pursuant to such Additional Termination Event if on any day occurring after the Trade Date and on or prior to the last Scheduled Trading Day in the Trading Period an ex-dividend date occurs with respect to the Shares for (i) an extraordinary cash dividend, (ii) a regular quarterly dividend (A) in an amount greater than USD 0.06 for 2008 per Share per quarter (any quarterly dividend in such amount for 2008, a “Regular Quarterly Dividend”) or (B) with an ex-dividend date occurring prior to January 15, 2008 for the quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇▇) a distribution, issue or dividend of securities or share capital of another issuer acquired or owned (directly or indirectly) by Party B as a result of a spin-off or other similar transaction or (iv) a distribution, issue or dividend of any other type of securities (other than Shares, which may constitute a Potential Adjustment Event), rights or warrants or other assets, in any case for payment (cash or other consideration) at less than the prevailing market price as determined by the Calculation Agent; provided that in calculating the amounts payable in connection with such Additional Termination Event, any such distribution, issue or dividend shall not be considered a loss recoverable by Party A. Party B agrees to furnish Party A with written notice at least 30 days prior to the ex-dividend date corresponding to each of the foregoing distributions, issues and dividends except those described in clause (ii) above. Regulatory Provisions: (a) Party B represents and warrants that it has received and read and understands the Notice of Regulatory Treatment and the OTC Option Risk Disclosure Statement. (b) The Agent will furnish Party B upon written request a statement as to the source and amount of any remuneration received or to be received by the Agent in connection with the Transaction evidenced hereby.
Additional Termination Events in the event the policy related to such Amended CDS has been transferred or allocated to the Segregated Account (or any other segregated account):
Additional Termination Events. If an event of default with respect to Counterparty shall occur under the terms of the Convertible Notes as set forth in Section 5.01 of the Indenture, then such event shall constitute an Additional Termination Event applicable to this Transaction and, with respect to such event (i) Counterparty shall be deemed to be A SUBSIDIARY OF J.P. MORGAN CHASE & CO. INCORPORATED WITH LIMITED LIABILITY AS A N▇▇ ▇▇▇▇ ▇▇▇T▇ ▇▇▇RTERED COMMERCIAL BANK. REGISTERED IN ENGLAND BRANCH NUMBER BR000746. AUTHORISED BY THE FSA. REGISTERED BRANCH ADDRESS 125 LONDON WALL, LONDON, EC2Y 5AJ. HEAD OFFICE 270 ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, US▇. (JPMORGAN LOGO) Affected Party and JPMorgan shall be deemed to be the party that is not the Affected Party and (ii) JPMorgan shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement.