Call Option Trigger Event definition

Call Option Trigger Event means the first of the following to occur:

Call Option Trigger Event means the occurrence of any of the following events:

Call Option Trigger Event has the meaning set forth in Section 4.1(b)(ii).

Examples of Call Option Trigger Event in a sentence

• Hiscox shall forfeit its right to designate the Hiscox Director upon the occurrence of a Call Option Trigger Event, following which Hiscox shall cause any person designated by it to the Board to resign from the Board and any committee of the Board (and, unless otherwise requested by the Company, the board of directors (or equivalent governing body) of any Subsidiary of the Company or the Fund) with immediate effect.

• For purposes of this Agreement, "Price Protection Trigger Event" means the date which is five business days after the occurrence of a Call Option Trigger Event, provided that no exercise of the Call Option has been delivered by the last day for the giving of such notice.

• Class B Note Call Option As set out in Class A Condition 7(h) (Redemption, Purchaseand Cancellation—Class B Call Option) and subject to the conditions described therein, upon the occurrence of a Class B Call Option Trigger Event, Class B Noteholders and/or Class B Authorised Credit Providers would have the option (the "Class B Call Option") to purchase all (but not some only) of the Class A Notes and the Class A Authorised Credit Facilities (excluding any Class A IBLA) subject to certain conditions.

• Such notice shall be sent no later than the fifth business day following the Call Option Trigger Event, the Price Protection Trigger Event or the Put Option Trigger Event, as the case may be.

• Call Option Period” means the period commencing on (and including) the date of the Call Option Trigger Event, and ending on (and including) the date of termination of this S ection 4.1 in accordance with S ection 6.1.

• The Buyer is entitled to exercise the Call Option within 12 months from the occurrence of the Call Option Trigger Event, regardless of the expiry of the Option Period.

• Subject to clause 11.2, BBI hereby unconditionally and irrevocably grants Brookfield an option (exercisable in its absolute discretion) to acquire all of the ownership interests of PD Ports at the Applicable Price and otherwise on the Agreed Terms, such option being exercisable at any time during the Call Option Period following the occurrence of the Call Option Trigger Event.

More Definitions of Call Option Trigger Event

Call Option Trigger Event has the meaning given in clause 8.2;

Call Option Trigger Event means the date on which the Merger Agreement has been terminated for any reason prior to consummation of the Merger, other than termination due to (aa) failure of any waiting period under the HSR Act applicable to the Merger to have expired or terminated, (bb) any permanent injunction or other order by any federal or state court preventing consummation of the Merger or (cc)(i) Target validly terminating the Merger Agreement pursuant to Section 9.1(b)(i) thereof and (ii) the absence of a right by AIMCO to validly terminate the Merger Agreement pursuant to Section 9.1(b)(i) thereof. For purposes of this Agreement, "Price Protection Trigger Event" means the date which is five business days after the occurrence of a Call Option Trigger Event, provided that no exercise of the Call Option has been delivered by the last day for the giving of such notice. For purposes of this Agreement, a "Put Option Trigger Event" means the date on which the Merger Agreement has been validly terminated by Target pursuant to Section 9.1(b)(i) thereof, but if, and only if, AIMCO did not have the right to validly terminate the Merger Agreement pursuant to Section 9.1(b)(i) thereof on the date of such termination. In the event AIMCO wishes to exercise the Call Option, or the Stockholder wishes to exercise the Price Protection Right or the Put Option, such exercising party shall send written notice (which shall be irrevocable) to the other party specifying that it wishes to purchase the Stockholder's Shares, in the case of the Call Option, receive the Price Protection Payment, in the case of the Price Protection Right, or sell the Stockholder's Shares, in the case of the Put Option, and a date (the "Closing Date") for the closing of such purchase or receipt of such payment (a "Closing"). Such notice shall be sent no later than the fifth business day following the Call Option Trigger

Call Option Trigger Event means the Transaction not proceeding for any reason other than solely as a result of BBI validly terminating this agreement in accordance with clause 14.1(c) or for failure by Brookfield to effect Transaction Completion when obliged to do so.