Issuer Event of Default definition

Issuer Event of Default means the occurrence of any of the following events:
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Issuer Event of Default has the meaning given to it in Condition 7.01 (Issuer Events of Default);
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Issuer Event of Default means any of the events specified as such in Condition 10(a) (Issuer Events of Default).
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Examples of Issuer Event of Default in a sentence

  • The Holder of a Covered Bond may not exercise such Put Option (i) in respect of any Covered Bond which is the subject of an exercise by the Issuer of its option to redeem such Covered Bond under either Condition 6.02 or 6.03, or (ii) following an Issuer Event of Default.

  • Following the occurrence of an Issuer Event of Default and service by the Security Trustee of an Issuer Acceleration Notice on the Issuer pursuant to Condition 10(a), the Security Trustee shall promptly deliver a Notice to Pay to the Issuer and the CBC with a copy to the Principal Paying Agent requiring the CBC to make payments in accordance with the terms of the Guarantee.

  • For greater certainty, following an Issuer Event of Default, the Asset Coverage Test will be conducted and the Asset Percentage calculated, solely for the purpose of determining the amount of the Demand Loan repayable on the relevant repayment date and that the Asset Coverage Test will be met after giving effect to any such repayment.

  • No delay or omission of the Indenture Trustee or any Bondholder to exercise any right or remedy accruing upon any Issuer Event of Default shall impair any such right or remedy or constitute a waiver of any such Issuer Event of Default or an acquiescence therein.

  • Upon any such waiver, such Issuer Default shall cease to exist and be deemed to have been cured and not to have occurred, and any Issuer Event of Default arising therefrom shall be deemed to have been cured and not to have occurred, for every purpose of this Indenture.


More Definitions of Issuer Event of Default

Issuer Event of Default means each of the events defined as such in Condition 10(a) (Events of Default).
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Issuer Event of Default means an event of default as set out in part 1 (Issuer Events of Default) of schedule 4 (Events of Default) to the Framework Agreement.
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Issuer Event of Default. As defined in Section 5.01.
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Issuer Event of Default means any of the following:
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Issuer Event of Default has the meaning ascribed thereto in Condition 10(a).
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Issuer Event of Default. As defined in Section 5.01 of the Indenture.
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Issuer Event of Default means the occurrence of any of the events set out in Condition 11.
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