Board Trigger Date definition

Board Trigger Date means the first date on which both Commitment Party Directors have been appointed to and are serving on the Board (as such terms are defined in the Commitment Letter Agreement).
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Board Trigger Date means the 5% Beneficial Interest Date.
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Examples of Board Trigger Date in a sentence

  • From and after the Board Trigger Date, subject to the rights of the holders of any Preferred Stock then outstanding to elect additional directors under specified circumstances, the holders of the Common Stock shall vote together as a separate class with any one or more classes or series of capital stock of the Corporation entitled to vote thereon to elect the directors.

  • From and after the Board Trigger Date, subject to the rights of the holders of any Preferred Stock then outstanding, newly created directorships resulting from any increase in the authorized number of directors or any vacancies in the Board resulting from death, resignation, removal from office or other cause may be filled only by a majority vote of the directors then in office, though less than a quorum (and not by stockholders).

  • Subject to the proviso in Clause (b)(i)(B)(1) and Clause (b)(i)(B)(2) of Article FOURTH, until the Board Trigger Date, the holders of Class B Common Stock voting together as a separate class shall be entitled to elect each other member of the Board of Directors, at least two (2) of whom shall be Independent Directors, which such Independent Directors shall be reasonably acceptable to a majority of the directors elected by the holders of Class A Common Stock.

  • For purposes of this Section I of this Article FIFTH, the term “ Section I Board Trigger Date” shall have the same meaning as “Board Trigger Date” except that the reference in the definition of Board Trigger Date to 5% shall be a reference to 15%.

  • Prior to the Board Trigger Date, the Corporation shall be required to nominate its Chief Executive Officer for election to the Board of Directors at each meeting of stockholders held to elect members to the Board of Directors.

  • If the Charter provides for more or less than one vote for any share, on any matter, every reference in the Charter to a majority or other proportion of stock, voting stock or shares shall refer to such majority or other proportion of the votes of such stock, voting stock or shares; provided, however, that this Section C of this Article NINTH shall not apply to the definitions of ACOF Ownership Event, Aggregate Ownership Interest, Board Trigger Date, Class B/C Director Number, and Initial Trigger Event.

  • For purposes of this Section I of this Article FIFTH, (a) the term “ Section I Board Trigger Date” shall have the same meaning as “Board Trigger Date” except that the reference in the definition of Board Trigger Date to 5% shall be a reference to 15% and (b) the term “Section I Class A Trigger Event” shall have the same meaning as “Class A Trigger Event” except that the reference in the definition of Class A Trigger Event to 5% shall be a reference to 15%.

  • If the Charter provides for more or less than one vote for any share, on any matter, every reference in the Charter to a majority or other proportion of stock, voting stock or shares shall refer to such majority or other proportion of the votes of such stock, voting stock or shares; provided, however, that this Section C of this Article NINTH shall not apply to the definitions of Aggregate Ownership Interest, Board Trigger Date, Class B/C Director Number, Class A Trigger Event and Initial Trigger Event.

Related to Board Trigger Date

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • €STR Index Cessation Event means the occurrence of one or more of the following events:

  • Initiation Date means the date on which a financial creditor, corporate applicant or operational creditor, as the case may be, makes an application to the Adjudicating Authority for initiating corporate insolvency resolution process;

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

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

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • Nomination Date means the twentieth (20th) day of the month preceding the Operating Month.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Change of Control Put Period means the period of 45 days after a Change of Control Put Event Notice is given;