Exit Events. 16.1 Each party shall promptly inform the Board and the Shareholders as soon as it becomes aware that an Exit Event has occurred.
Exit Events. For the purposes of this clause 16 an “Exit Event” shall be deemed to have occurred when:
Exit Events. (a) If an Exit Event occurs with respect to a particular Member, the Company will have the option, exercisable only upon an affirmative vote of all Members other than the Member subject to such Exit Event, to purchase the Membership Interest subject to the Exit Event in accordance with the provisions of this Section 10.4. Such option must be exercised by delivering written notice of exercise to the applicable Member or the applicable Member’s executor, trustee, personal representative, guardian, successor, or other similar representative, as applicable, within sixty (60) days after the Company receives actual notice of the Exit Event. Any Membership Interest so purchased by the Company will be immediately redeemed and extinguished by the Company.
Exit Events. 39.9.1. The following events shall be treated as events which entitle the Investors to exit from the Company ("Exit Events"):
Exit Events. (a) Commencing from the eighth anniversary of the Closing Date, so long as any Preferred Units remain outstanding, (x) the Designated Preferred Party (provided that it (and its Affiliates) holds at least 5% of the Preferred Units issued on the Closing Date) or (y) a majority of the holders holding the then-outstanding Preferred Units (each, an “Exit Event Demand Party”) shall have the right, in its sole discretion, to require the LLC or DSG to initiate a process (i) to sell Equity Interests of the LLC or DSG, directly or indirectly, or any of their respective assets or outstanding Units or to undertake a transaction constituting a Change of Control described in clause (1) or (2) of the definition thereof or, at the election of the LLC, (ii) to conduct an Initial Public Offering of the Common Units of the LLC or DSG (or any successor thereof) or, at the election of the LLC, (iii) to pursue the transactions described in clauses (i) and (ii) simultaneously via a “dual track process” (each of clause (i), (ii) or (iii), an “Exit Event”). The LLC shall have the option to conduct such Initial Public Offering on either a primary or secondary basis. Notwithstanding the foregoing and for the avoidance of doubt, (1) any Exit Event described in clause (i), (ii) or (iii) above must be conducted solely for cash consideration; provided that non-cash consideration may be received in such Exit Event if the Preferred Units will be redeemed in full in connection with such Exit Event, (2) any net cash proceeds from any such Exit Event (including any Initial Public Offering conducted on a primary or secondary basis as described in the immediately preceding sentence) shall be used by the LLC or DSG (or any successor thereof) to redeem the Preferred Units of the Preferred Members pro rata at a redemption price equal to 100% of the Preferred Liquidation Amount of the Preferred Units to be redeemed, plus the Preferred Unpaid Yield, on a date no later than 60 days following the consummation of such Exit Event and (3) any consummated Exit Event that results in the occurrence of a Change of Control shall trigger the put rights pursuant to Section 7.6 (and the consummation of any such Exit Event shall not relieve the LLC of its obligations, or take away the rights of the Preferred Members and their respective Affiliates, pursuant to Section 7.6).
Exit Events. (a) The Company and, subject to, and without limitation of, their respective rights under this Agreement and the Restated Articles, Baidu (subject to compliance with Section 3.3(b)) and the Shareholders shall use commercially reasonable efforts to consummate a Qualified IPO on or prior to December 31, 2012. In the event the Board approves any Qualified IPO, each of the Shareholders agrees to vote its Ordinary Shares and use commercially reasonable efforts to take all necessary actions to support the consummation of such Qualified IPO.
Exit Events. 3.4.1 Upon the occurrence of an Exit Event, NWMO shall pay the Municipality Four Million Dollars ($4,000,000) (the “Exit Payment”) on or prior to the date that is the later of:
Exit Events. If the following events occur, unless waived by ABC Investment, Zhongzhi Dingdu or its designated party may elect to acquire the equity interest held by ABC Investment in Beijing Liujin (the “ABC Investment’s Equity Interest”):
Exit Events. Should any of the following events occur, Guiding Fund shall have the right to require the Company, its connected persons or its designated persons to repurchase all of the equity interest of Guiding Fund in Crystal Silicon Hightech at the Transfer Price (as defined below):
Exit Events. Subject to the provisions of Article 17.02, the occurrence of any of the following events or circumstances will trigger an exit right enabling either Goodyear or SRI, as the case may be, to exercise the rights granted to it by Articles 17.03 and 17.04, as indicated:
