Price Decline Termination Event Sale Sample Clauses

Price Decline Termination Event Sale. If the Closing Price on any Exchange Trading Day falls below any Termination Price listed in the following schedule ("Price Decline Termination Event"), MLI will, at its discretion, in a commercially reasonable manner (which may require sales over a period of more than 1 day) following notice to the Companies, settle the percentage of the Notional Shares indicated in the table below ("Settlement") through sale of not less than the number of Paired Shares, the sale of which would result in a Settlement Amount equal to 100% of the Reference Amount on the Settlement Date, and not more than the number of Paired Shares, the sale of which would result in a Settlement Amount equal to 105% of the Reference Amount on the Settlement Date, in any of the manners specified in Section 3.1, as specified by the Companies: Percentage of Initial Notional Shares to be Settled Termination Price ------- ----------------- 25% $37.7125 50% $35.0188 75% $33.6719 100% $32.3250 Settlement procedures shall commence on the date specified by MLI.
Sample 1
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Price Decline Termination Event Sale. If the Closing Price on any Exchange Trading Day falls below any Termination Price listed in the following schedule (a "Price Decline Termination Event"), MLI will, at its discretion, following notice to the Company, settle the percentage of the Notional Shares indicated in the table below ("Settlement") through sale of not less than the number of Common Shares, the sale of which would result in a Settlement Amount equal to 100% of the Reference Amount on the Settlement Date, and not more than the number of Common Shares, the sale of which would result in a Settlement Amount equal to 105% of the Reference Amount on the Settlement Date, in any of the manners specified in Section 3.1: Percentage of Notional Shares to be Settled Termination Price ----------------------------- ----------------------- 25% $30.00 50% $28.00 75% $26.00 100% $24.00
Sample 1
Price Decline Termination Event Sale. If the Closing Price on any Exchange Trading Day falls below any Termination Price listed in the following schedule (a "Price Decline Termination Event"), MLPF&S may, at its discretion, in a commercially reasonable manner (which may require sales over a period of more than 1 day), subject to Section 6.6, following notice to the Company, settle the percentage of the Adjustment Shares indicated in the table below ("Settlement") through sale of not less than the number of Common Shares, the sale of which would result in a Settlement Amount on the Settlement Date equal to 100% of the Reference Amount with respect to the percentage of the Adjustment Shares indicated in the table below, and not more than the number of Common Shares, the sale of which would result in a Settlement Amount equal to 105% of the Reference Amount on the Settlement Date, in any of the manners specified in Section 3.1:
Sample 1
Price Decline Termination Event Sale. If the Closing Price on any Exchange Trading Day after the end of the Settlement Restriction Period falls below any Termination Price listed in the following schedule ("Price Decline Termination Event"), MLI will, at its discretion, in a commercially reasonable manner (which may require sales over a period of more than 1 day) following notice to the Companies, settle the percentage of the Adjustment Shares indicated in the table below ("Settlement") through sale of not less than the number of Paired Shares, the sale of which would result in a Settlement Amount equal to 100% of the Reference Amount on the Settlement Date, and not more than the number of Paired Shares, the sale of which would result in a Settlement Amount equal to 105% of the Reference Amount on the Settlement Date, in any of the manners specified in Section 3.1:
Sample 1
Price Decline Termination Event Sale. If the Closing Price on any Exchange Trading Day falls below any Termination Price listed in the following schedule ("Price Decline Termination Event"), PaineWebber may settle, in a commercially reasonable manner (which may require sales over a period of more than 1 day) following notice to the Companies, up to the percentage of the Adjustment Shares indicated in the table below ("Settlement") through the sale of not more than the number of Paired Shares, the sale of which would, based on PaineWebber's commercially reasonable judgement, result in a Settlement Amount equal to up to 105% of the Reference Amount with respect to the Settlement Shares on the Settlement Date, in any manner specified in Section 3.1. The Companies shall specify a manner of sale within one (1) Business Day following notice by PaineWebber to the Companies. If the percentage of Adjustment Shares to be settled pursuant to this Section 4.1 is 100% or if the Companies do not specify a manner of sale, PaineWebber shall have the option to specify the manner of sale. PaineWebber may, at its sole discretion, waive any or all notice provisions in Section 3.1.
Sample 1

Related to Price Decline Termination Event Sale

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Servicer Termination Event For purposes of this Agreement, each of the following shall constitute a “Servicer Termination Event”:

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Term SOFR Transition Event Notwithstanding anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (1) the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting (the “Secondary Term SOFR Conversion Date”) and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document; and (2) Loans outstanding on the Secondary Term SOFR Conversion Date bearing interest based on the then-current Benchmark shall be deemed to have been converted to Loans bearing interest at the Benchmark Replacement with a tenor approximately the same length as the interest payment period of the then-current Benchmark; provided that, this paragraph (vii) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may do so in its sole discretion.

  • Servicer Termination Events The following events will each be a “Servicer Termination Event”:

  • Purchase and Sale Termination Events Each of the following events or occurrences described in this Section 8.1 shall constitute a “Purchase and Sale Termination Event” (each event which with notice or the passage of time or both would become a Purchase and Sale Termination Event being referred to herein as an “Unmatured Purchase and Sale Termination Event”):

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

  • Notice of Termination Events or Unmatured Termination Events A statement of the chief financial officer or chief accounting officer of the Seller setting forth details of any Termination Event or Unmatured Termination Event and the action which the Seller proposes to take with respect thereto.

  • Additional Termination Events The following Additional Termination Events will apply:

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