Disqualifying Event Clause Samples

A Disqualifying Event clause defines specific circumstances or actions that render a party ineligible to participate in an agreement or to receive certain benefits under it. Typically, this clause lists events such as criminal convictions, regulatory violations, or breaches of contract that would trigger disqualification. By clearly outlining what constitutes a disqualifying event, the clause helps ensure that only qualified and compliant parties remain involved, thereby protecting the integrity of the agreement and mitigating risk for all parties.
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Disqualifying Event. See definition of Eligible Optional Currencies.
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Disqualifying Event. Such Key Stockholder has not had a “disqualifying event” as defined in Rule 506(d)(1) of Regulation D of the Securities Act.
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Disqualifying Event. In connection with the transactions contemplated by the Merger, the Board of Directors of Price REIT shall not exercise any power, and shall waive any right at any time, to take any action to declare a Disqualifying Event (as such term is defined in Price REIT's charter) under Article IX of Price REIT's charter or to redeem or to refuse to transfer shares of Price REIT Common Stock pursuant thereto.
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Disqualifying Event. Neither the Purchaser (nor any person who would, through the Purchaser’s ownership in the Fund, be deemed to beneficially own an interest in the Fund) is or has been subject to, is experiencing or has experienced (in each case, within the period of time prescribed by the applicable disqualifying or disclosable event under Rule 506(d) under the Securities Act) any of the events described in Rule 506(d)(1)(i)-(viii) under the Securities Act (a “Disqualifying Event”).4 The Purchaser shall promptly notify the General Partner if the Purchaser or any such other person becomes subject to or experiences a Disqualifying Event or becomes the subject of a formal proceeding that would, if adversely determined, constitute a Disqualifying Event.
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Disqualifying Event. A “Disqualifying Event” shall exist if the Junior Lender shall (i) be in default of any payment or performance obligation under the Guaranty, or (ii) claim that the Guaranty is not valid and binding on such Junior Lender, (iii) repudiate its obligations under the Guaranty or (iv) initiate legal proceedings (in the form of an insolvency proceeding, receivership, liquidation, dissolution, debt reorganization or like proceeding) seeking, inter alia, an adjudication that the Guaranty is not valid and binding on such the Junior Lender.
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Disqualifying Event. Immediately prior to the occurrence of any Transfer or other event (a “Disqualifying Event”) that, but for the operation of this Section 1, would have caused a REIT Subsidiary be treated as closely held within the meaning of Code Section 856(h) or otherwise fail to qualify as a REIT, all or a portion (as determined below) of the Limited Partner Interest held by any Limited Partner whose direct or indirect Transfer or continued ownership of such Limited Partner Interest would have caused the Disqualifying Event shall be automatically transferred to a Trust with the rights, preferences and privileges described in this Schedule C, and shall be subject to the provisions of this Schedule C, without any further action by any Person (but subject to Section 10 hereof), as of the close of business on the Business Day immediately prior to the date of such Disqualifying Event. The intent of this Section 1 is to transfer automatically only the minimum amount of a Limited Partner Interest required to avoid a Disqualifying Event and, in the case of transfers by a Limited Partner that would cause a Disqualifying Event, that only the Limited Partner Interests of the purported Transferor or its Transferee be treated as transferred to a Trust. If a Disqualifying Event (including, for the avoidance of doubt, the original issuance of a Limited Partner Interest) arises as a result of direct or indirect transfers of interests in a Limited Partner and/or a Limited Partner’s failure to comply with any representation or covenant as to the Limited Partner’s domestic or foreign status (or the status of the Limited Partner’s direct or indirect owners), only the Limited Partner Interests of the Limited Partners the ownership of which was subject to direct or indirect transfer and/or the Limited Partners violating their representations or covenants are intended to be transferred to the Trust. If a Disqualifying Event could be avoided by transferring different combinations of Limited Partner Interests, the determination by the General Partner of which Limited Partner Interests shall be treated as transferred to a Trust shall be determinative.
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Disqualifying Event. There are minimum levels of safety and performance required to qualify for any portion of the Management Fee at Risk for the Measurement Period. Notwithstanding anything to the contrary in this Exhibit or elsewhere in the Agreement, if any of the Disqualifying Events set forth below occur during a Measurement Period, Provider shall receive no portion of the Management Fee at Risk for the applicable Measurement Period, regardless of KPI Scores, and the Aggregate Management Fee at Risk Earned for all KPIs shall equal zero for such Measurement Period. Any of the following shall constitute a “Disqualifying Event”: i. Provider Services result in a safety incident resulting in any fatality or serious injury caused by Provider or Provider Personnel. If an individual has three or more hospitalizations due to a single incident, such incident shall constitute a “serious injury” hereunder. ii. Provider’s performance of the Services results in a major incident or a serious compliance infraction, including, without limitation, major community or Company public relations impact; community evacuation; release of hazardous substances in amount equal to or greater than the reportable quantity; damage to infrastructure, Company product or property in excess of $500,000 in the aggregate; major internal infrastructure outage causing Company loss or loss of production in excess of $500,000 in the aggregate; or Federal Drug Administration or other governmental investigation, violation of Applicable Law that results in material adverse impact on the Services, the Company or Company operations; or corrective action or penalties costing in excess of $500,000 in the aggregate. iii. Provider has an Aggregate SLA Score of 2.0 or less for two consecutive Measurement Periods. iv. Provider has an Aggregate KPI Score of 2.5 or less for two consecutive Measurement Periods. v. Company terminates the Agreement for cause.
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Disqualifying Event. In relation to a Disqualifying Event, other than a Disqualifying Event dealt with in clause 5.2, the Directors may determine that the Option may be exercised immediately before or during the period of 90 days (or such other period as they in their absolute discretion determine) following the Disqualifying Event. Where the Directors determine that the Option may be exercised they will also determine the extent to which it can be exercised and the period within which it can be exercised and, in doing so, may take into account the extent to which any Performance Targets have been satisfied at the time of the Disqualifying Event.
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Related to Disqualifying Event

  • Disqualifying Offenses If at any time it is determined that a person has been found guilty of a misdemeanor or felony offense as a result of a trial or has entered a plea of guilty or nolo contendere, regardless of whether adjudication was withheld, within the last six (6) years from the date of the court’s determination for the crimes listed below, or their equivalent in any jurisdiction, the Contractor is required to immediately remove that person from any position with access to State of Florida data or directly performing services under the Contract. The disqualifying offenses are as follows: (a) Computer related crimes; (b) Information technology crimes; (c) Fraudulent practices; (d) False pretenses; (e) Frauds; (f) Credit card crimes; (g) Forgery; (h) Counterfeiting; (i) Violations involving checks or drafts; (j) Misuse of medical or personnel records; and (k) Felony theft.

  • Disqualifying Disposition If the Participant disposes of Shares acquired upon exercise of this option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Participant shall notify the Company in writing of such disposition.

  • Notice of Disqualifying Disposition If the Option is an Incentive Stock Option, I agree that I will promptly notify the Chief Financial Officer of the Company if I transfer any of the Shares within one (1) year from the date I exercise all or part of the Option or within two (2) years of the Date of Option Grant.

  • Dissolving Events The Partnership shall be liquidated and dissolved in the manner hereinafter provided upon the happening of any of the following events, whichever first occurs: (a) the written action of the General Partner to terminate the Partnership; Outback/Metropolis-I, Limited Partnership 12 (b) the entry of a final judgment, order or decree of a court of competent jurisdiction adjudicating the Partnership to be a bankrupt, and the expiration of the period, if any, allowed by applicable law in which to appeal therefrom; (c) the withdrawal of the General Partner; or (d) any other event that would cause the dissolution of the Partnership under the Act.

  • Involuntary Termination in Connection with a Change in Control Notwithstanding anything contained herein, in the event of an Involuntary Termination prior to a Change in Control, if the Involuntary Termination (1) was at the request of a third party who has taken steps reasonably calculated to effect such Change in Control or (2) otherwise arose in connection with or in anticipation of such Change in Control, then the Executive shall, in lieu of the payments described in Section 4 hereof, be entitled to the Post-Change in Control Severance Payment and the additional benefits described in this Section 5 as if such Involuntary Termination had occurred within two (2) years following the Change in Control. The amounts specified in Section 5 that are to be paid under this Section 5(h) shall be reduced by any amount previously paid under Section 4. The amounts to be paid under this Section 5(h) shall be paid within sixty (60) days after the Change in Control Date of such Change in Control.