Definition of Trigger Events Sample Clauses

Definition of Trigger Events. Each trigger event involves an individual or entity (the acquirer) acquiring rights or interests conferring control over either: A Qualifying Entity: A qualifying entity includes any entity other than an individual, whether or not it is a legal person. This encompasses a wide range of entities, such as UK companies, limited liability partnerships, partnerships, unincorporated associations, trusts, and entities formed or recognized outside the UK that carry on activities in the UK or supply goods or services to persons in the UK. A Qualifying Asset: Qualifying assets consist of: • Land. • Tangible moveable property. • Ideas, information, or techniques with industrial, commercial, or economic value, used in connection with activities in the UK or the supply of goods or services to persons in the UK. This category includes trade secrets, databases, source code, algorithms, designs, plans, software, and more.
Sample 1
AutoNDA by SimpleDocs

Related to Definition of Trigger Events

  • H2 Termination on Default H2.1 The Authority may terminate the Contract by written notice in accordance with clause A5.2 (Notices) to the Contractor with immediate effect if the Contractor commits a Default and if:

  • General Conditions; Definitions 1.01. The General Conditions (as defined in the Appendix to this Agreement) constitute an integral part of this Agreement.

  • Termination on Default The Authority may terminate this Framework Agreement by serving written notice on the Supplier with effect from the date specified in such notice where the Supplier commits a Material Default and if:

  • Definition of Shifts (a) A shift starting on or after 6:00 a.m., but before 9:00 a.m. is a day shift.

  • Definition of Reportable Event For purposes of this CIA, a “Reportable Event” means anything that involves:

  • H1 Termination on Insolvency and Change of Control H1.1 The Authority may terminate the Contract with immediate effect by notice in writing and without compensation to the Contractor where the Contractor is a company and in respect of the Contractor:

  • Termination on Insolvency and Change of Control 43.1. The Authority may terminate the Contractor’s interest in the Framework Agreement with immediate effect by notice where in respect of the Contractor:

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!