Step Up Event definition
Step Up Event means a No Rating Step Up Event or a Downgrade Step Up Event.
Examples of Step Up Event in a sentence
If the applicable Final Terms specifies that more than one Step Up Event is applicable but specifies that a Collective Step Up Event is not applicable, upon the occurrence of any Step Up Event so specified, the Rate of Interest (in the case of Fixed Rate Notes) or the Initial Margin (in the case of Floating Rate Notes), shall be increased by the relevant Step Up Margin for each Step Up Event that may occur from the next following Interest Period.
More Definitions of Step Up Event
Step Up Event means a failure to meet the Minimum Rating Requirement at any time; and "Step Up Margin" has the meaning given to it in the Final Terms.
Step Up Event means, where the Step Up Option is selected as Applicable in the relevant Final Terms, the occurrence of one or more of a Scope 1 and 2 GHG Emissions and Scope 3 GHG Emissions from Fuel and Energy-related Activities Event, a Scope 3.1 and 3.2 GHG Emissions from Purchased Goods and Services and Capital Goods Event, a Renewable Electricity Sourcing Event and/or Gender Diversity Performance Event, as specified in the relevant Final Terms;
Step Up Event means the occurrence of either (a) a Renewable Installed Capacity Event; and/or (b) a Net Carbon Footprint Upstream Event; and/or (c) a Net GHG Lifecycle Emissions Event; and/or (d) a Net Carbon Intensity Event, in each case, as so specified in the relevant Final Terms.
Step Up Event means that the Carbon Intensity Reduction Rate of the Issuer’s loan portfolio as defined in the Sustainability-Linked Bond Framework falls short of the percentage of [insert relevant percentage level] as of 31 December [insert relevant year], as further set out in the Annual Sustainability-Linked Bond Report, as certified in the relevant Verification Assurance Certification.
Step Up Event means any of the following events:
Step Up Event means, as specified in the applicable Final Terms, a Total GHG Emissions Event and/or a Post-Consumer Scrap Recycling Capacity Event. A Step Up Event shall be deemed to occur on the earlier of (i) the Issuer announcing the occurrence of the relevant Step Up Event pursuant to Condition 6(k)(iii) above and
Step Up Event means either an Installed Capacity Event or a Direct Green House Gas Emissions Event, as specified in the applicable Final Terms;