Reinvestment Period Event Sample Clauses

Reinvestment Period Event. If at any time at least two Key Managers are not acting in a management capacity for the Sub-Advisor and its Affiliates, a “Reinvestment Period Event” will be deemed to have occurred. Upon the occurrence of a Reinvestment Period Event, the Borrower shall notify the Administrative Agent within 30 days after such event with the name and relevant biographical information (including relevant employment history and management experience) of one or more proposed replacement Key Managers and a schedule for implementation of such proposed replacement Key Manager(s). The Borrower will make each such proposed replacement Key Manager available for meetings and/or telephonic conferences with the Lenders. As to any such proposed replacement Key Manager, if the Administrative Agent (at the direction of the Majority Lenders) does not object in writing, based on reasonable grounds, to such proposed replacement Key Manager within 30 days after written notice thereof is provided to the Administrative Agent, the appointment of such proposed replacement Key Manager will be deemed confirmed. If no replacement Key Manager is appointed as described in the preceding sentence because of timely written objections of the Administrative Agent as set forth above, the Borrower shall have the right to propose one or more replacement Key Managers (which may, but need not, be different from any proposed replacement Key Manager that was proposed in connection with a prior Reinvestment Period Event) by delivering notice of each such subsequent proposed replacement Key Manager (which includes the name and biographical information (including relevant employment history and management experience) of the proposed replacement Key Manager and a schedule for implementation of such proposed replacement Key Manager) to the Administrative Agent within ten days after receiving the last notice of such objection that causes the objections collectively to constitute timely objections of the Administrative Agent as set forth above. The Borrower will make each such subsequent proposed replacement Key Manager available for meetings and/or telephonic conferences with the Lenders. (For the avoidance of doubt, no such subsequent proposed replacement Key Manager may be proposed later than 70 days after the occurrence of a Reinvestment Period Event.) If the Administrative Agent (at the direction of the Majority Lenders) does not object in writing, based on reasonable grounds, to such subsequent proposed replacem...
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Related to Reinvestment Period Event

  • Revolving Period The Revolving Period shall not have ended;

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Early Amortization Events If any one of the following events shall occur:

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Rapid Amortization Events If any one of the following events occurs during the Managed Amortization Period:

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within forty (40) days following the date of termination), the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Amortization Events or Potential Amortization Events The occurrence of each Amortization Event and each Potential Amortization Event, by a statement of an Authorized Officer of such Seller Party.

  • Liquidity Event The term “Liquidity Event” shall include, but shall not be limited to, (i) a Listing, (ii) a sale, merger or other transaction in which the Stockholders either receive, or have the option to receive, cash, securities redeemable for cash, and/or securities of a publicly traded company, and (iii) the sale of all or substantially all of the Corporation’s Assets where Stockholders either receive, or have the option to receive, cash or other consideration.

  • Transfer of Collateral upon Occurrence of Termination Event Upon the occurrence of a Termination Event and the transfer to the Agent of the Preferred Securities, the appropriate Applicable Ownership Interest of the Treasury Portfolio or the Treasury Securities, as the case may be, underlying the Income PRIDES and the Growth PRIDES pursuant to the terms of the Pledge Agreement, the Agent shall request transfer instructions with respect to such Preferred Securities or the appropriate Applicable Ownership Interest of the Treasury Portfolio or Treasury Securities, as the case may be, from each Holder by written request mailed to such Holder at its address as it appears in the Income PRIDES Register or the Growth PRIDES Register, as the case may be. Upon book-entry transfer of the Income PRIDES or Growth PRIDES or delivery of an Income PRIDES Certificate or Growth PRIDES Certificate to the Agent with such transfer instructions, the Agent shall transfer the Preferred Securities, the Treasury Portfolio or Treasury Securities, as the case may be, underlying such Income PRIDES or Growth PRIDES, as the case may be, to such Holder by book-entry transfer, or other appropriate procedures, in accordance with such instructions. In the event a Holder of Income PRIDES or Growth PRIDES fails to effect such transfer or delivery, the Preferred Securities, the appropriate Applicable Ownership Interest of the Treasury Portfolio or Treasury Securities, as the case may be, underlying such Income PRIDES or Growth PRIDES, as the case may be, and any distributions thereon, shall be held in the name of the Agent or its nominee in trust for the benefit of such Holder, until such Income PRIDES or Growth PRIDES are transferred or the Income PRIDES Certificate or Growth PRIDES Certificate is surrendered or such Holder provides satisfactory evidence that such Income PRIDES Certificate or Growth PRIDES Certificate has been destroyed, lost or stolen, together with any indemnity that may be required by the Agent and the Company.

  • 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.

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