the continuing extraordinary period Definition | Law Insider

Define the continuing extraordinary period. means the period from the commencement date to the end of the annual general meeting held in the calendar year ... thecontinuingextraordinaryperioddefinitionSearchWithinthecontinuingextraordinaryperiodDefinitionsRelatedDefinitionsCovenantTriggerPeriodExtraordinaryEventCovenantTriggerEventLiquidityProviderRatingsEventTerminationDateTriggerEventDateFacilityTerminationDateTriggerPeriodExtendedTerminationDateFiscalAgentTerminationEventLeaseTerminationDateEventTerminationDateControlAppraisalPeriodRevolvingFacilityTerminationDateExtraordinaryAdjustmentEventextendedreductionperiodCommitmentTerminationEventSeriesTerminationDateForbearanceTerminationEventRatingsDeclinePeriodTerminationFeeEventCurrRemTermLoanTerminationDateMandatoryTerminationDateTriggerEventLeaseEventofDefaultChangeofControlPeriodRemoveAdvertisingOpenSplitViewShareCitethecontinuingextraordinaryperiod meanstheperiodfromthecommencementdatetotheendoftheannualgeneralmeetingheldinthecalendaryear2021saveinrelationtoparagraph5ofthisPart7oftheScheduletotheschemewhichshallcontinueassetoutinthatparagraph.Sample1Basedon1documents1SaveCopyRemoveAdvertisingRelatedtothecontinuingextraordinaryperiodCovenantTriggerPeriodmeanstheperiod(a)commencingonthedatethat(i)anEventofDefaultoccursor(ii)Availabilityislessthanthegreaterof(x)10%ofAvailableCreditand(y)$50,000,000and(b)continuinguntiltherehasbeenaperiodof30consecutivedaysthereafterduringwhichatalltimes(i)noEventofDefaultexistsand(ii)Availabilityshallhavebeennotlessthanthegreaterof(x)10%ofAvailableCreditand(y)$50,000,000.ExtraordinaryEventmeansanyevent,circumstanceorcausewhichRoyalBankdetermineshasorwillhaveamaterialadverseeffectontheabilityofRoyalBanktoperformitsobligationsundertheNotesortohedgeitspositioninrespectofitsobligationtomakepaymentofamountsowingthereunder,includingasaresultofanyofRoyalBank’sinternalpolicies,andmorespecificallyincludesaMarketDisruptionEventinrespectofanyShareorHedgingEvent.CovenantTriggerEventmeansthatExcessAvailabilityonanydayislessthanthegreaterof(i)$60,000,000and(ii)10%oftheMaximumCredit.Forpurposeshereof,theoccurrenceofaCovenantTriggerEventshallbedeemedtobecontinuinguntilExcessAvailabilityisequaltoorgreaterthanthegreaterof(i)$60,000,000and(ii)10%oftheMaximumCredit,ineachcase,forthirty(30)consecutivedays,inwhichcaseaCovenantTriggerEventshallnolongerbedeemedtobecontinuingforpurposesofthisAgreement.TheexpirationofanyCovenantTriggerEventinaccordancewiththisdefinitionshallnotimpairthecommencementofanysubsequentCovenantTriggerEvent.LiquidityProviderRatingsEventTerminationDatemeansthedateestablishedbytheTenderandPayingAgent,actinguponinstructionsoftheFundpursuanttotheTenderandPayingAgentAgreement,forterminationoftheVRDPPurchaseAgreementupontheoccurrenceofaLiquidityProviderRatingsEvent,whichdateshallbenotlessthan16daysnormorethan30daysfollowingsuchLiquidityProviderRatingsEvent.TriggerEventDatemeansthedate(whetherornotaBusinessDay)onwhichAPRAnotifiesANZBGLofaNon-ViabilityTriggerEventascontemplatedinCondition5A.2.FacilityTerminationDatemeansthedateasofwhichallofthefollowingshallhaveoccurred:(a)theAggregateCommitmentshaveterminated,(b)allObligationshavebeenpaidinfull(otherthancontingentindemnificationobligations),and(c)allLettersofCredithaveterminatedorexpired(otherthanLettersofCreditastowhichotherarrangementswithrespecttheretosatisfactorytotheAdministrativeAgentandtheL/CIssuershallhavebeenmade).TriggerPeriodmeanstheperiodcommencing60dayspriortothefirstpublicannouncementbytheCompanyofanyChangeofControl(orpendingChangeofControl)andending60daysfollowingconsummationofsuchChangeofControl(whichTriggerPeriodwillbeextendedfollowingconsummationofaChangeofControlforsolongaseitheroftheRatingAgencieshaspubliclyannouncedthatitisconsideringapossibleratingschange).ExtendedTerminationDatehasthemeaningspecifiedinSection2.16(c).FiscalAgentTerminationEventwhereverusedherein,meansanyoneofthefollowingevents:LeaseTerminationDatemeansthelastdayoftheLeaseTerm.EventTerminationDateSeeSection2(e)hereof.ControlAppraisalPeriodshallexistwithrespecttotheMortgageLoan,ifandforsolongas:RevolvingFacilityTerminationDatemeanstheearlierof(i)January29,2013,or(ii)thedatethattheCommitmentshavebeenterminatedpursuanttoSection8.02.ExtraordinaryAdjustmentEventmeansanyofthefollowingeventsastheyrelatetotheReferenceIn-strument:extendedreductionperiodmeanstheperiodforwhichapersonisinreceiptofanextendedreductioninaccordancewithparagraph89,96or101;CommitmentTerminationEventmeans(a)theoccurrenceofanyEventofDefaultwithregardtoanyLoanPartydescribedinsubsection8.6or8.7or(b)theoccurrenceandcontinuanceofanyotherEventofDefaultandeither(i)thedeclarationofalloranyportionoftheLoanstobedueandpayable,or(ii)thegivingofnoticebytheAdministrativeAgent,actingatthedirectionoftheRequisiteLenders,totheBorrowerthattheCommitmentshavebeenterminated.SeriesTerminationDatemeansthedatedesignatedassuchintheSeriesTermSheet.ForbearanceTerminationEventhasthemeaningsetforthinSection3(a)hereto.RatingsDeclinePeriodmeanstheperiodthat(i)beginsontheearlierof(a)thedateofthefirstpublicannouncementoftheoccurrenceofaChangeofControland(b)theoccurrenceofaChangeofControland(ii)ends90daysfollowingconsummationofsuchChangeofControl;providedthatsuchperiodshallbeextendedforsolongastheratingoftheNotes,asnotedbytheapplicableRatingAgency,isunderpubliclyannouncedconsiderationfordowngradebytheapplicableRatingAgency.TerminationFeeEventmeanstheterminationofthisAgreement:CurrRemTermApprValue:CLTV:SrPurpose:PropType:OccpCode:ProdCode:MaturityMargin:Debt260099019558.8610/23/97283.2113009TownsendRDPhiladelphiaPA1915419750268018115.5174560001255021602041611/1/1236260099139767.2610/16/97454.46897DogwoodDRLaVerneCA9175040000265524112.52341800001111595620226010071114NENoeleenCt44533.910/1/97645.3LeesSummit450002628MO6408618015.517390000126676470226010081005LaBreaDrive34887.1610/2/97394.48Inglewood350002673CA9030130012.992931230001069473802141810/22/224426010162405BurridgeRoad22935.999/26/97684.55BaltimoreMD212342600027354911.994111100088715760226010295106WestStuartAvenue29909.4910/6/97349.69FresnoCA9372230000265330013.529310716611895844.9302141810/21/223426010314520LennoxBoulevard34495.379/9/97477.69NewOrleansLA7013135000266718017216600012016300014.490214169/15/123726010362010TendoyDrive22853.039/29/97269.3BoiseID8370523000265724112.992331000001027850002141910/23/1745LoanTerminationDatemeansthedateonwhichallObligations,otherthancontingentliabilitiesandobligationswhichareunassertedatsuchdate,havebeenpaidandsatisfiedinfullandallCommitmentshavebeenterminated.MandatoryTerminationDatemeansthe"TerminationDate"setforthunder"InvestmentSummary--EssentialInformation"intheProspectusfortheTrust.TriggerEventshallhavethemeaningspecifiedinSection14.04(c).LeaseEventofDefaultLeaseDefault,""MajorityinInterestofNoteHolders,""Make-WholeAmount"or"NoteHolder,"orthepercentageofNoteHoldersrequiredtotakeorapproveanyactionhereunder,(ii)reducetheamount,orchangethetimeofpaymentormethodofcalculationofanyamount,ofOriginalAmount,Make-WholeAmount,ifany,orinterestwithrespecttoanyEquipmentNote,oralterormodifytheprovisionsofArticleIIIhereofwithrespecttotheorderofprioritiesinwhichdistributionthereundershallbemadeasamongtheNoteHolders,theOwnerTrusteeandLessee,(iii)reduce,modifyoramendanyindemnitiesinfavoroftheOwnerTrustee,theMortgageeortheNoteHolders(exceptthattheOwnerTrustee(initsindividualcapacity)ortheMortgagee,asthecasemaybe,mayconsenttoanywaiverorreductionofanindemnitypayabletoit)ortheotherIndentureIndemnitees,(iv)consenttoanychangeintheTrustIndentureortheLeasewhichwouldpermitredemptionofEquipmentNotesearlierthanpermittedunderSection2.10or2.11hereoforthepurchaseorexchangeoftheEquipmentNotesotherthanaspermittedbySection2.13hereof,(v)exceptascontemplatedbytheLeaseortheParticipationAgreement,reducetheamountorextendthetimeofpaymentofBasicRent,StipulatedLossValue,orTerminationValuefortheAircraftineachcaseassetforthintheLease,ormodify,amendorsupplementtheLeaseorconsenttoanyassignmentoftheLease,ineithercasereleasingLesseefromitsobligationsinrespectofthepaymentofBasicRent,StipulatedLossValueorTerminationValuefortheAircraftoralteringtheabsoluteandunconditionalcharacteroftheobligationsofLesseetopayRentassetforthinSections3and16oftheLeaseor(vi)permitthecreationofanyLienontheTrustIndentureEstateoranypartthereofotherthanPermittedLiensordepriveanyNoteHolderofthebenefitoftheLienofthisTrustIndentureontheTrustIndentureEstate,exceptasprovidedinconnectionwiththeexerciseofremediesunderArticleIVhereof.ChangeofControlPeriodmeanstheperiodcommencingonthedatehereofandendingonthethirdanniversaryofthedatehereof;provided,however,thatcommencingonthedateoneyearafterthedatehereof,andoneachannualanniversaryofsuchdate(suchdateandeachannualanniversarythereofshallbehereinafterreferredtoasthe"RenewalDate"),unlesspreviouslyterminated,theChangeofControlPeriodshallbeautomaticallyextendedsoastoterminatethreeyearsfromsuchRenewalDate,unlessatleast60dayspriortotheRenewalDatetheCompanyshallgivenoticetotheExecutivethattheChangeofControlPeriodshallnotbesoextended.