Accelerating Event definition

Accelerating Event means any of the following: (i) the Executive's employment terminates under the circumstances described in Section 3(a), (ii) the Executive is discharged without Cause, (iii) the Executive resigns with Good Reason, or (iv) a Change in Control (as defined in Section 5(a)) occurs.
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Accelerating Event. ’ means that, pursuant to any court order, governmental decree or ordinance, or by any other means, the holders of Preference Shares shall have been granted the right to vote, either on a pari passu basis with the holders of ordinary shares or otherwise, at general meetings of the Company on any matters in addition to a material and adverse variation of the rights of the holders of Preference Shares as a class as specified in paragraph 15;
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Accelerating Event means and include any or all of the following: (a) the sale or other transfer of all or substantially all of the assets of Liberty, or the sale or other transfer of Liberty’s interest in the Ethanol Refinery project, in a transaction in which the acquiring entity does not assume all of Liberty’s obligations under this Agreement; (b) the sale or other transfer by all or substantially all of the members of Liberty of their interests in Liberty or their interests, if any, in the Ethanol Refinery project, in one transaction or in a series of related transactions; or (c) a merger of Liberty and as a result thereof, the Public Offering contemplated in Section 3(c) hereof does not occur because all or substantially all of the financing needed to complete the Ethanol Refinery is being provided without the necessity of such Public Offering. The foregoing notwithstanding, the following shall not constitute an Accelerating Event: (i) any transaction whose primary purpose is to change the state of Liberty’s organization so long as the resulting company is obligated to perform Liberty’s obligations under this Agreement, and (ii) any transaction whose primary purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held Liberty’s securities immediately before such transaction, so long as the holding company and Liberty are jointly and severally liable for Liberty’s obligations under this Agreement.
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Examples of Accelerating Event in a sentence

  • Gross appreciation shall be calculated by subtracting the original sales price of the Property from the current sales price or the current appraised value if the Loan Accelerating Event is other than the sale of the property.

  • Also, notification that condition (ii) above in relation to the Accelerating Event being satisfied was received on 8 April 2015.Following their issue, the Convertible Notes will be convertible into such number of shares equal to the principal amount divided by the conversion price as determined in accordance with the terms of the Investment Agreement upon the earlier of an Accelerating Event or the date that is 30 months from the date of the Company’s listing on ASX.

  • Grant of the Put OptionLapsing of a Put Option: A Put Option will lapse if it is not exercised on the Exercisable Date (including where the Put Option (upon the occurrence of an Accelerating Event) is not exercised within the relevant prescribed period in accordance with the terms of the Option Agreements).Subject to completion of the Placing Agreement, NWD and Easywin will enter into an Option Agreement with each Placee.

  • Upon the occurrence of an Accelerating Event under this Agreement and in addition to all other rights and remedies of the Lender, the Lender shall have the right, in its sole discretion, to create the balance of the Loan AND Collateral described in Section 7.

  • The workshop focused on the outcomes of the review, particularly opportunities for improving collaboration between JOs and State Government Agencies in the delivery of regional programs.Recommendation:• That the report be received and noted.7.9 Accelerating Event Economies in the Hunter: Key Delivery Areas Report Author: Kim Carland, Project Coordinator – A2EResponsible Officer: Boyd Blackwell, Regional Policy and Program Manager.

  • Day 4: Surprise excursion; we only reveal that it is about architecture.

  • Procurement records and files for purchases in excess of the small purchase threshold shall include the following at a minimum: (a) basis for contractor selection,(b) justification for lack of competition when competitive bids or offers are not obtained, and (c) basis for award cost or price.

  • The length of the prescribed period varies depending on the nature of the Accelerating Event.

  • Hunter Joint OrganisationKim Carland, Project Coordinator A2EIntroduction to A2EThe Accelerating Event Economies (A2E) program was successful in securing over $860kthrough the Bushfire Local Economic Recovery Fund (BLERF).

  • Purpose:To provide an update on the Accelerating Event Economies (A2E) project and planned deliverables.Link to Hunter Joint Organisation Strategic Plan 2018-21 (Aspire.Act.Achieve).


More Definitions of Accelerating Event

Accelerating Event means the occurrence of any of the following at any time after the date the Executive ceases to be a senior executive officer:
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Accelerating Event means the death or Disability of the CEO.
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Accelerating Event means (i) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation in which the voting securities of the Company outstanding immediately prior to the merger or consolidation would cease to continue to represent (either by remaining outstanding or being converted into voting securities of the surviving entity) at least 51% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, (ii) more than 30% of the Company's then outstanding voting securities are acquired by any person or Group of Persons, (iii) individuals who constituted the Board when this Plan was adopted (or their approved replacements, as defined below) cease for any reason to constitute a majority of the Board, (iv) the stockholders of the Company approve a sale or other disposition of all or substantially all of the Company's assets, or (v) the Company's shareholders approve a plan or proposal for liquidation or dissolution of the Company. For purposes of (iii) above, a new member of the Board shall be considered an "approved replacement" if his or her election (or nomination for election) was approved by a vote of at least two-thirds of the members of the Board then still in office who were either Board members when this Plan was adopted or were themselves approved as replacement Board members.
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Accelerating Event means any of the following occurrences prior to the Maturity Date:
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Accelerating Event means any of the following: (i) the Executive's employment
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Related to Accelerating Event

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Term Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Acceleration Date on any Security means the date on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Terminating Event means any of the following events:

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Vesting Event means the earliest to occur of the following events:

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Acceleration means, with respect to the amounts payable in respect of the Equipment Notes issued under any Indenture, such amounts becoming immediately due and payable by declaration or otherwise. “Accelerate”, “Accelerated” and “Accelerating” have meanings correlative to the foregoing.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Triggering Events means each of the following events:

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Liquidating Events shall have the meaning set forth in Section 13.1.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).