Call Trigger Event definition

Call Trigger Event means any date prior to the Termination Date as defined below, following a date not earlier than ninety (90) days after which the Company’s Common Stock shall have commenced trading on a national exchange or shall have become subject to quotation on the OTC:BB, and the closing price of the Company’s Common Stock on such national exchange or the closing bid price of the Company’s Common Stock on the OTC:BB during the five (5) consecutive trading days prior to the date of the Call Trigger Event shall be higher than $1.00 per share.
Sample 1Sample 2Sample 3
Call Trigger Event means (i) a Change of Control involving F3 Opportunities, (ii) a Material Adverse Change in any tax laws or regulations or the interpretation thereof or any accounting or regulatory treatment or the interpretation thereof affecting KCAP as a result of its ownership in the Company, in each as certified thereto in writing by KCAP’s legal counsel, independent registered public accounting firm or other similar third-party or(iii) a Deadlock.
Sample 1
Call Trigger Event. The occurrence of one or more of the following events:
Sample 1

Examples of Call Trigger Event in a sentence

  • The Company shall provide written notice of the occurrence of the Call Trigger Event to each Warrant Holder.

  • If no action is taken by a Warrant Holder within thirty days after receipt of notice of a Call Trigger Event, then the Warrants held by such Holder shall be deemed terminated.

  • If no action is taken by a Option Holder within thirty days after receipt of notice of a Call Trigger Event, then the Options held by such Holder shall be deemed terminated.

  • The Company shall provide written notice of the occurrence of the Call Trigger Event to each Option Holder.

  • Borrowers shall not declare or make, or agree to pay or make any Restricted Payments, or incur any obligation to do so, unless (x) no Default, Event of Default, Mandatory Prepayment Event, Collateral Call Trigger Event or Adjustment Determination Period shall have occurred and be continuing or would result therefrom and (y) the cash, securities or property so paid or distributed does not constitute, and is not required under the Margin Loan Documentation to be posted as, Collateral.

  • Borrower shall not declare or make, or agree to pay or make any Restricted Payments, or incur any obligation to do so, unless (x) no Default, Event of Default, Mandatory Prepayment Event, Collateral Call Trigger Event or Adjustment Determination Period shall have occurred and be continuing or would result therefrom and (y) the cash, securities or property so paid or distributed does not constitute, and is not required under the Margin Loan Documentation to be posted as, Collateral.

  • Upon the occurrence a Call Trigger Event, KCAP has the right to require that F3 Opportunities sell (the “Call Option”) all but not less than all of the Membership Interest held by it to KCAP or a third party designated by KCAP by the giving of notice within 30 business days thereof to F3 Opportunities in accordance with Section 11.2 of this Agreement.

  • If KCAP does not exercise the Call Option within the time period set forth above, then the Call Option with respect to such Call Trigger Event shall terminate.

  • The Call Option Notice shall state the proposed date for the consummation of the Call Trigger Event and shall include a statement (the "Call Option Price Statement") of the CO Purchaser's calculation of the Call Option Price (and the basis for such calculation).

  • The Company shall provide written notice of the occurrence of the Call Trigger Event to each Holder.


More Definitions of Call Trigger Event

Call Trigger Event has the meaning set forth in Section 3.7(a).
Sample 1
Call Trigger Event means any date prior to the Termination Date after which the daily closing prices per share of Common Stock on NASDAQ for each of the five (5) consecutive trading days prior thereto is greater than or equal to the Call Price.
Sample 1
Call Trigger Event means (i) a Change of Control involving F3 Opportunities, (ii) a Material Adverse Change in any tax laws or regulations or the interpretation thereof or any accounting or regulatory treatment or the interpretation thereof affecting KCAP as a result of its ownership in the Company, in each as certified thereto in writing by KCAP’s legal counsel, independent registered public accounting firm or other similar third-party or (iii) a Deadlock.
Sample 1

Related to Call Trigger Event

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

  • 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.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

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

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Moody’s First 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 “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

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

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

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

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

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

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.