Foreign Ownership Event definition

Foreign Ownership Event means that the Issuer and/or its affiliates is unable, after using commercially reasonable efforts to acquire, establish, re-establish, substitute or maintain any transaction(s) or asset(s) it deems necessary to hedge the equity price risk of entering into and performing its obligations with respect to the Securities due to any restriction imposed by a share issuer, any court, tribunal or regulatory authority with competent jurisdiction on the ability of a person to acquire or own the relevant Component, by virtue of being a foreign person. If both Change in Law and Foreign Ownership Event are specified to be applicable in the relevant Pricing Supplement, where an event or circumstance that would otherwise (but for this provision) constitute a Foreign Ownership Event also constitutes a Change in Law, such event shall be deemed to be a Change in Law and shall not constitute a Foreign Ownership Event.
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Foreign Ownership Event means that the Hedging Party is unable or would be unable, after using commercially reasonable efforts to (i) acquire, establish, re-establish, substitute or maintain any transaction(s) or asset(s) the Calculation Agent deems necessary to hedge or be able to hedge the equity price risk of the Swap Counterparty performing its obligations with respect to the Swap Transaction; or (ii) realise, recover or remit the proceeds of any such transaction(s) or asset(s), in each case, due to any restriction imposed by the issuer or obligor in respect of any Component Security, any court, tribunal or regulatory authority with competent jurisdiction on the ability of a person to acquire or own the relevant Component Security, by virtue of being a foreign person. If Foreign Ownership Event is specified under Additional Disruption Event(s) in Annex 2, where an event or circumstance that would otherwise (but for this provision) constitute a Foreign Ownership Event also constitutes a Change in Law, such event shall be deemed to be a Change in Law and shall not constitute a Foreign Ownership Event.
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Foreign Ownership Event means that the Hedging Party is unable, after using commercially reasonable efforts to acquire, establish, re-establish, substitute or maintain any transaction(s) or asset(s) it deems necessary to hedge the equity price risk of entering into and performing its obligations with respect to the relevant Transaction due to any restriction imposed by the Issuer, any court, tribunal or regulatory authority with competent jurisdiction on the ability of a person to acquire or own Shares or one or more component securities of the relevant Index, as applicable, by virtue of being a foreign person. If an event or circumstance that would otherwise (but for this provision) constitute a Foreign Ownership Event also constitutes a Change in Law, it will be deemed to be a Change in Law and will not constitute a Foreign Ownership Event.” Consequences of a Foreign Ownership Event: If “Foreign Ownership Event” is specified in the relevant Transaction Supplement to be Applicable, then upon the occurrence of a Foreign Ownership Event, the Hedging Party may elect to terminate the affected Transaction upon at least two Scheduled Trading Day’s notice to the Non-Hedging Party specifying the date of such termination (or such lesser notice period as may be required to comply with the restriction that caused the Foreign Ownership Event, if applicable), in which event the Transaction will terminate and the Calculation Agent will determine the Cancellation Amount, calculated in accordance with Section 12.7(b)(ii) of the Equity Definitions, payable by one party to the other. Hedging Party: [●] The definition of “Hedging Party” in Section 12.9(a)(ix) of the Equity Definitions shall be deleted and replaced with:
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More Definitions of Foreign Ownership Event

Foreign Ownership Event means that the Issuer and/or any of its Affiliates is unable, after using commercially reasonable efforts, to hold, acquire, establish, re-establish, substitute or maintain any Hedge Positions, due to any foreign ownership restriction imposed by the issuer of and/or counterparty to such Hedge Positions, or any court, tribunal or regulatory authority having competent jurisdiction with respect to the ability of the Issuer and/or any of its Affiliates to hold, acquire, maintain or own such Hedge Positions.
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Related to Foreign Ownership Event

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • foreign company means any company or body corporate incorporated outside India which—

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).