Additional Triggering Events Sample Clauses
The "Additional Triggering Events" clause defines specific circumstances or events, beyond the standard ones, that can activate certain rights or obligations under an agreement. For example, it may list situations such as a change in control, regulatory action, or a party's financial distress as events that trigger early termination, payment obligations, or other contractual responses. This clause ensures that the contract addresses a broader range of scenarios, providing clarity and reducing uncertainty about what events can impact the parties' rights and duties.
Additional Triggering Events. Customer shall upon execution of this Agreement and prior to the commencement of each subsequent fiscal year or portion thereof during the Term of this Agreement, appropriate funds for payment of its obligations under this Agreement for such fiscal year or portion thereof. Any breach of this provision shall be deemed to have arisen during a fiscal period of Customer for which budgetary certification of its obligations under this Agreement is in effect and ENA may terminate this Agreement. Customer shall have allocated to its general funds a revenue base that is adequate to cover Customer's payment obligations hereunder throughout the entire Period of Delivery. In the event that the Transaction Agreement is terminated, this Agreement shall automatically terminate.
Additional Triggering Events. (a) EZchip materially breaches the DLA provided the breach requires Marvell’s use of any escrowed technology to remedy said breach.
(b) EZchip materially fails to perform its support obligations under the Statement of Work applicable to the NP4-C (other than due to Marvell’s failure to perform its obligations in connection with such development) after the occurrence of (i) an “M&A Transaction” (as defined herein) or (ii) a Change of Control (as defined below) in EZchip, LanOptics Ltd., or any other parent company of EZchip.
Additional Triggering Events. Upon the occurrence of any of the following events, the Company shall be dissolved and its affairs wound up in accordance with Sections 11.3 to 11.7:
(a) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or
(b) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act. To the maximum extent permitted by the Delaware Act, the Members hereby waive their rights to seek a judicial dissolution of the Company for reasons other than those listed in Section 11.1 or this Section 11.2.
Additional Triggering Events. Upon the occurrence of an Additional Triggering Event with respect to the Preferred Stock, the Corporation shall within one (1) Business Day deliver written notice thereof via facsimile or electronic mail and overnight courier (with next day delivery specified) (a “Triggering Event Notice”) to each Holder. At any time after the earlier of a Holder’s receipt of a Triggering Event Notice and such Holder becoming aware of an Additional Triggering Event (such earlier date, the “Triggering Event Right Commencement Date”) and ending (such ending date, the “Triggering Event Right Expiration Date”, and each such period, a “Triggering Event Redemption Right Period”) on the twentieth (20th) Trading Day after the later of (x) the date such Additional Triggering Event is cured and (y) such Holder’s receipt of a Triggering Event Notice that includes (I) a reasonable description of the applicable Additional Triggering Event, (II) a certification as to whether, in the opinion of the Corporation, such Additional Triggering Event is capable of being cured and, if applicable, a reasonable description of any existing plans of the Corporation to cure such Additional Triggering Event and (III) a certification as to the date the Additional Triggering Event occurred and, if cured on or prior to the date of such Additional Triggering Event Notice, the applicable Triggering Event Right Expiration Date, such Holder may require the Corporation to redeem (regardless of whether such Additional Triggering Event has been cured on or prior to the Triggering Event Right Expiration Date) all or any of the Preferred Shares by delivering written notice thereof (the “Triggering Event Redemption Notice”) to the Corporation, which Triggering Event Redemption Notice shall indicate the number of the shares of Preferred Stock such Holder is electing to redeem. Each of the shares of Preferred Stock subject to redemption by the Corporation pursuant to this Section 8(b) shall be redeemed by the Corporation at a price equal to the greater of (i) the product of (A) the Conversion Amount to be redeemed multiplied by (B) 110% and (ii) the product of (X) the Conversion Rate with respect to the Conversion Amount in effect at such time as such Holder delivers a Triggering Event Redemption Notice multiplied by (Y) the product of (1) 110% by (2) the greatest Closing Sale Price of the Common Stock on any Trading Day during the period commencing on the date immediately preceding such Triggering Event and ending...