Triggering Event. A “Triggering Event” shall be deemed to have occurred at such time as any of the following events:
Triggering Event. The occurrence of any of the following events shall be defined as a "Triggering Event" for purposes hereof:
Triggering Event. A "Triggering Event" shall have occurred at such time at which the Grantee becomes entitled to receive from Issuer a Termination Fee pursuant to Section 8.2 of the Merger Agreement.
Triggering Event. An event that results in an individual becoming eligible for a Special Enrollment Period. Triggering events are:
Triggering Event. The following dates:
Triggering Event. “Triggering Event” means:
Triggering Event. A “Triggering Event” for the purpose of this Agreement will be deemed to have occurred if, during the Contract Period while Executive is employed by DDR:
Triggering Event. A “Triggering Event” shall be deemed to occur when and if, (i) there is a Material Restatement and (ii) the Material Restatement was due, in whole or in part, to the Executive’s misconduct (including, without limitation, fraud, and violation of law or Company policy).
Triggering Event. The term "Triggering Event" shall mean any termination of the Merger Agreement which entitles Grantee to receive payment of the Termination Fee from Issuer pursuant to Section 7.2 of the Merger Agreement.
Triggering Event. Upon, prior to or within five (5) Business Days of the occurrence of a Triggering Event that results in or is expected to result in any Available Cash, BBU shall provide written notice to BAM that includes a description of the Triggering Event and the Available Cash that has been actually received and are reasonably expected to be received in respect thereof (a “Triggering Event Notice”). BAM shall have the right, within five (5) Business Days of receipt of a Triggering Event Notice, to provide written notice to BBU (a “Redemption Notice”) specifying the aggregate Redemption Price of Preferred Securities issued pursuant to this Commitment Letter to be redeemed (the “Aggregate Redemption Amount”), provided that the Aggregate Redemption Amount shall not exceed the Available Cash resulting from such Triggering Event. Upon receipt of a Redemption Notice in accordance with this Section 8 and after the BBU Group actually receives all or any part of the Available Cash from such Triggering Event in respect of which a Redemption Notice was issued, BBU shall cause one or more BBU Subsidiary Issuers selected by BBU to redeem such number of Preferred Securities issued pursuant to this Commitment Letter with an aggregate Redemption Price equal to the Aggregate Redemption Amount as soon as practicable (and which redemptions, for greater certainty, may be completed in separate transactions as necessary as and when the corresponding Available Cash from such Triggering Event are actually received by the BBU Group); provided, however, that if at the time of redemption there are any BBU Subsidiary Issuers with Preferred Securities issued pursuant to this Commitment Agreement and outstanding that exceed 65% of the Common Equity of such BBU Subsidiary Issuers (“Excess Preferred Securities”), BBU shall first select Excess Preferred Securities for redemption unless otherwise agreed to by BAM. BBU shall not be required to deliver more than one Triggering Event Notice with respect any Triggering Event. BBU acknowledges that BAM is relying upon this Commitment Agreement in subscribing for Preferred Securities pursuant to the Commitment and acknowledges BBU’s obligation to cause the redemption of any such Preferred Securities issued by any BBU Subsidiary Issuers in connection with any Redemption Notice delivered by BAM in accordance with this Section 8.
