Relevant Event. Delete “(a)” and “or (b) Clause 20.2 (Financial Ratio)” from the definition of Relevant Event in Clause 1.1 (Definitions).
Relevant Event. Within 14 calendar days following the occurrence of a Relevant Event, the Issuer shall give notice thereof to Bondholders in accordance with Condition 16 (a “Relevant Event Notice”). The Relevant Event Notice shall contain a statement informing Bondholders of (i) their entitlement to exercise their Conversion Rights as provided in these Conditions and (ii) their entitlement to exercise their rights to require redemption of their Bonds pursuant to Condition 7.2. The Relevant Event Notice shall also specify:
(a) all information material to Bondholders concerning the Relevant Event;
(b) the Conversion Price immediately prior to the occurrence of the Relevant Event and, in the case of a Change of Control, the Change of Control Conversion Price applicable pursuant to Condition 6.2(j) on the basis of the Conversion Price in effect immediately prior to the occurrence of the Change of Control;
(c) the Closing Price of an ADS as at the latest practicable date prior to the publication of the Relevant Event Notice;
(d) the Relevant Event Period; and
(e) the Relevant Event Put Date.
Relevant Event. The Company, the Founders and the Significant [Quotaholders/Shareholders], each within their respective capacities, agree to ensure that the Investor [Quota/Shares] is offered for subscription to the Investor, utilizing the Targeted Reserve, upon the occurrence of any of the following events: an Investment Round; a Liquidity Event; and, in the absence of (a) or (b), the expiration of a period of [•]7 months from the date of signing this Agreement (the “Longstop Date”); (each, a “Relevant Event”). Upon the occurrence of a Relevant Event, the Investor shall be entitled to hold the Investor [Quota/Shares], which shall be calculated as follows: In the event of an Investment Round or Liquidity Event Where:
Relevant Event. (a) Within 14 calendar days following the occurrence of a Relevant Event, the Issuer shall give notice thereof to the Bondholders (a “Relevant Event Notice”) in accordance with Condition 15 (Notices). The Relevant Event Notice shall contain a statement informing Bondholders of their entitlement (i) to exercise their Conversion Rights or, as appropriate, their Settlement Rights subject to and as provided in these Conditions and (ii) to exercise their rights to require redemption of their Bonds subject and pursuant to Condition 7.3 (Redemption at the Option of Bondholders following a Relevant Event), in each case during the Relevant Event Period.
(b) The Relevant Event Notice shall also specify:
(i) all information material to Bondholders concerning the Relevant Event, as applicable;
(ii) the Conversion Price immediately prior to the occurrence of the Relevant Event and the indicative Conversion Price applicable during the Relevant Event Period pursuant to sub- paragraph (x) of Condition 6.4(a) (Adjustments to Conversion Price - Adjustments) on the basis of the Conversion Price in effect immediately prior to the occurrence of the Relevant Event (but the actual Conversion Price applicable to any exercise of Conversion Rights or Settlement Rights where the Conversion Date or Settlement Date, as applicable, falls within the Relevant Event Period shall depend upon the Conversion Price in effect on the relevant Conversion Date or Settlement Date, as applicable);
(iii) the Closing Price of the Ordinary Shares as at the latest practicable date prior to the publication of the Relevant Event Notice;
(iv) the Relevant Event Period; and
(v) the Put Date.
Relevant Event. 4.1 In this Bond a Relevant Event shall occur on or following any of the following events set out below:
4.1.1 the Admission Body’s insolvency, winding up or liquidation; or
4.1.2 the Admission Body's breach of any of its obligations under the Admission Agreement (but where the breach is capable of remedy, only where it has not been remedied within a reasonable time); or
4.1.3 the Admission Body's failure to pay any sums due to the Fund within a reasonable period of a notice from the Administering Authority requiring payment; or
4.1.4 the termination of the Commercial / Outsourcing Contract referred to in recitals C and D above; or
4.1.5 the date the Admission Body ceases to employ any Eligible Employee; or
4.1.6 the date the Admission Body otherwise ceases to be an admission body for the purposes of the Regulations and in any such case, the Admission Body fails to pay or discharge the Scheme Liabilities in the manner set out in this Bond and/or the Admission Agreement.
Relevant Event. 5.1. The Company, the Founders and the Significant [Quotaholders/Shareholders], each within their respective capacities, agree to ensure that the Investor [Quota/Shares] is offered for subscription to the Investor, utilizing the Targeted Reserve, upon the occurrence of any of the following events:
(a) an Investment Round;
(b) a Liquidity Event; and, in the absence of (a) or (b),
(c) the expiration of a period of [•]7 months from the date of signing this Agreement (the “Longstop Date”); (each, a “Relevant Event”).
Relevant Event. 7.1 The Annex E of Appendix A sets out the list of relevant events the Bank may apply during the execution an Assignment, without prejudice to any other rights which the Bank may have by law or under the Agreement.
7.2 The Bank reserves the right to further specify the relevant events for any future Assignment Terms of Reference to be issued by the Bank.
7.3 If a relevant event is applicable to the Framework Member during the execution of an Assignment, the Bank has the right to exclude such Framework Member from the next procedure for awarding Assignment under Article4 of this Agreement as further specified in Appendix A. The third (3rd) exclusion during 12 month period shall be considered a breach of the Agreement under § 17 of Appendix B.
Relevant Event. E Number of UK Cobham Group Employees that are engaged or working in, directly or indirectly, the part of the business that is the subject of the Relevant Event 300 F Number of UK Cobham Group Employees following Relevant Event (C – E) (Post-Relevant Event Employees) 1,350 Calculation of General Minimum Employees3 X Xxxxx Xxxxxxxxxx 0.0 X Xxx Xxxxx (xx. minimum number of UK Cobham Group Employees to be retained following initial reduction of UK Cobham [[( 1,350 (F) )]] x 0.9 (G) = 1,325 0.916˙ (D) Group Employees and Relevant Event) (General Minimum Employees4) 3 Note: This table applies the facts of Scenario 1 to the definitions that are relevant to the employee undertaking in clause 2.1.
Relevant Event. For the purpose of this Article XII, a "Relevant Event" is committed by a Party if:
(a) it commits a material breach of its obligations under this Agreement and fails to remedy it within 60 days of being specifically required in writing to do so by the other Party; provided, however, that if the breaching party has proposed a course of action to rectify the breach and is acting in good faith to rectify same but has not cured the breach by the 60th day, such rectifying period shall be extended by an amount of time as is reasonably necessary to permit the breach to be rectified;
(b) it ceases, wholly or substantially, to carry on its business, other than for the purpose of a reorganization;
(c) the voluntary appointment of a liquidator, receiver, administrator, examiner, trustee or similar officer over all or substantially all of its assets under the laws of such Party's country of incorporation;
(d) a petition for bankruptcy or seeking liquidation, corporate reorganization, administration, winding up or relief of debtors under any law relating to bankruptcy or insolvency or any other procedure similar to any of the foregoing under the laws of such Party's state or country of incorporation, is filed, and is not discharged within 90 days.
Relevant Event.
4.1 In this Guarantee Bond a "Relevant Event" shall occur if: the Administering Authority shall terminate the Admission Agreement upon or following the occurrence of any of the following events:
(a) an Insolvency Event shall have occurred in relation to the Admission Body or the Guarantor;
(b) a breach by the Admission Body of any of its obligations under the Admission Agreement (but where the breach is capable of remedy only where it has not been remedied within a reasonable time), and in any such case the Admission Body shall fail to pay the Contribution Liabilities or discharge the same in the manner set out in Clause 2.1(a) of this Guarantee Bond; Admission a failure by the Admission Body to pay any Contribution Liabilities due to the Scheme within a reasonable period of a notice from the Administering Authority requiring it to do so and in any such case the Admission Body shall fail to pay the Contribution Liabilities or discharge the same in the manner set out in Clause 2.1 of this Guarantee Bond.
4.2 The Admission Body agrees that for the purposes of Clause 9 a Relevant Event shall also occur if it fails not less than thirty (30) days before the Expiry Date, either:
(a) to procure the effective execution and delivery to the Administering Authority of a guarantee bond in substantially the terms of this Guarantee Bond (which, for the avoidance of doubt shall also be in a form approved in advance by the Administering Authority) from the Guarantor or from another relevant institution in accordance with Clause 1 (a "Replacement Bond") or
(b) to procure the service by the Guarantor of an Extension Notice in accordance with Clause 2.3.
4.3 Interest The Guarantor agrees to pay interest to the Administering Authority on each amount demanded of it under this Clause 4.3 from the date falling 14 days after the date of demand until payment in full (as well after as before judgment) at a rate of 1.0 per cent above the base rate of the reference banks specified in Schedule 1 to the Administration Regulations, calculated on a day to day basis. Such interest shall be compounded monthly if not paid on demand, but without prejudice to the Administering Authority's right to require payment of such interest.
