enforcement event

Defined in Article 2, Directive 2002/47/EC

Uses as of 05/05/2004

Definitions over time (1)

1. 27/06/2002 – 30/06/2009 applies on 05/05/2004 Article 2, Directive 2002/47/EC Scope: Whole act

   (l) "enforcement event" means an event of default or any similar event as agreed between the parties on the occurrence of which, under the terms of a financial collateral arrangement or by operation of law, the collateral taker is entitled to realise or appropriate financial collateral or a close-out netting provision comes into effect;

Used in (6 places in 5 provisions on 05/05/2004)

Directive 2002/47/EC (6 in 5)

Article 2² · Article 4 · Article 5 · Article 6 · Article 9