Common use of Dividend Event Termination Clause in Contracts

Dividend Event Termination. Upon the occurrence of a Dividend Event, on any Trading Day on or after the occurrence of such Dividend Event, Citibank may terminate this Transaction (a “Dividend Event Termination”). Upon the occurrence of a Dividend Event Termination, an Event of Default shall be deemed to have occurred with the Company deemed the Defaulting Party and Citibank, the Non-Defaulting Party.

Appears in 3 contracts

Samples: Accelerated Share Repurchase Agreement (Lexmark International Inc /Ky/), Accelerated Share Repurchase Agreement (Lexmark International Inc /Ky/), Accelerated Share Repurchase Agreement (Lexmark International Inc /Ky/)

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Dividend Event Termination. Upon the occurrence of a Dividend Event, on any Trading Day on or after the occurrence of such Dividend Event, Citibank Citigroup may elect to terminate this Transaction transaction (a “Dividend Event Termination”). Upon the occurrence of a Dividend Event Termination, an Event of Default Termination the Affected Party shall be deemed to have occurred with the Company deemed the Defaulting Party and Citibank, Citigroup shall be the Non-Defaulting Affected Party.

Appears in 1 contract

Samples: Accelerated Share Repurchase Agreement (Apria Healthcare Group Inc)

Dividend Event Termination. Upon the occurrence of a Dividend Event, on any Trading Day on or after the occurrence of such Dividend Event, Citibank Citigroup may elect to terminate this Transaction (a “Dividend Event Termination”). Upon the occurrence of a Dividend Event Termination, an Event of Default shall be deemed to have occurred with the Company deemed the Defaulting Party and CitibankCitigroup, the Non-Defaulting Party.

Appears in 1 contract

Samples: Accelerated Share Repurchase Agreement (United States Cellular Corp)

Dividend Event Termination. Upon the occurrence of a Dividend Event, on On any Trading Day on or after the occurrence of such Dividend EventDay, Citibank Citigroup may elect to terminate this Transaction (a “Dividend Event Termination”)) this transaction upon the occurrence of a Dividend Event. Upon the occurrence of a Dividend Event Termination, an Event of Default Termination the Affected Party shall be deemed to have occurred with the Company deemed the Defaulting Party and Citibank, Citigroup shall be the Non-Defaulting Affected Party.

Appears in 1 contract

Samples: Accelerated Repurchase Agreement (Txu Corp /Tx/)

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Dividend Event Termination. Upon the occurrence of a Dividend Event, Citibank may elect to terminate this transaction on any Trading Day on or after the occurrence of such Dividend Event, Citibank may terminate this Transaction Event (a “Dividend Event Termination”). Upon the occurrence of a Dividend Event Termination, an Event of Default Termination the Affected Party shall be deemed to have occurred with the Company deemed the Defaulting Party and Citibank, Citibank shall be the Non-Defaulting Affected Party.

Appears in 1 contract

Samples: Accelerated Share Repurchase Agreement (Amerus Group Co/Ia)

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