Change of Control Trigger Event means the occurrence of both a Change of Control and a Rating Decline.
Change of Control Trigger Event means the occurrence of both a Change of Control and, during the period beginning on the earlier of (i) the date of the first public notice or announcement with respect to a Change of Control and (ii) the occurrence of a Change of Control, and, in either case, ending 90 days after the occurrence of such Change of Control, a Ratings Event.
Change of Control Trigger Event means the occurrence of a Change of Control and a Rating Decline.
Examples of Change of Control Trigger Event in a sentence
However, the Company may be required to offer to purchase the Notes upon the occurrence of a Change of Control Trigger Event pursuant to Section 4.06.
Within 30 days following any Change of Control Trigger Event, the Company shall mail (or deliver electronically) a notice to each Holder describing the transaction or transactions that constitute the Change of Control as required by the Indenture.
The Board must, as soon as reasonably practicable, give written notice to each Participant of a Change of Control Trigger Event.
If there is a Change of Control Trigger Event, the Company will be required to make a Change of Control Offer as set forth in the Indenture to each Holder to repurchase all or any part of each Holder’s Securities at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date.
A Disposal Restriction ceases to apply immediately upon a Change of Control Trigger Event occurring.
More Definitions of Change of Control Trigger Event
Change of Control Trigger Event means the occurrence of both a Change of Control and a Rating Decline. “ Clearstream ” means Clearstream Banking, société anonyme, Luxembourg, and any successor thereto.
Change of Control Trigger Event means the occurrence of a Change of Control (x) that is accompanied or followed by a downgrade by one or more gradations (including gradations within ratings categories) or withdrawal of the rating of the Notes within the Ratings Decline Period by at least one Rating Agency and (y) the rating of the Notes on any day during such Ratings Decline Period is below the rating by such Rating Agency in effect immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control occurs prior to public announcement), provided that in making the relevant decision(s) referred to above to downgrade or withdraw such ratings, as applicable, the relevant Rating Agency announces publicly or confirms in writing during such Ratings Decline Period that such decision(s) resulted, in whole or in part, from the occurrence (or expected occurrence) of such Change of Control or the announcement of the intention to effect such Change of Control. Notwithstanding the foregoing, no Change of Control Trigger Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
Change of Control Trigger Event means a Change of Control and a Rating Downgrade Event.
Change of Control Trigger Event means the occurrence of both (x) a Change of Control and (y) the Notes are either not Investment Grade Status or are downgraded by each of Xxxxx’x and S&P by one or more gradations (including gradations within ratings categories as well as between ratings categories) or withdrawal of the ratings of the Notes in any case on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period will be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by either Rating Agency).
Change of Control Trigger Event means the occurrence of a Change of Control (as defined in each Facility) that may be deemed to occur as a result of Apollo Global Management LLC, Centerbridge Partners L.P. and/or Strategic Value Partners, LLC and/or entities affiliated with any of them, communicating with Borrower or among themselves or entering into agreements with Borrower or among themselves with respect to the acquiring, holding, voting or disposing of shares of the capital stock of Borrower, in each case in connection with the Equity Contribution, which in turn may cause them to be considered a “group” as such term is used in Section 13(d)(3) of the U.S. Securities Exchange Act of 1934 that would beneficially own shares representing more than 30% of the outstanding voting or economic equity interests in Borrower.
Change of Control Trigger Event means the occurrence of a Change of Control that may be deemed to occur as a result of Apollo Global Management LLC, Centerbridge Partners L.P. and/or Strategic Value Partners, LLC and/or entities affiliated with any of them, communicating with Genco or among themselves or entering into agreements with Genco or among themselves with respect to the acquiring, holding, voting or disposing of shares of capital stock of Genco, in each case for the purposes of the Equity Raise (as defined in the Term Sheet), which in turn may cause them to be considered a “group” as such term is used in Section 12(d)(3) of the U.S. Securities Exchange Act of 1934 that would beneficially own shares representing more than 30% of the outstanding voting or economic equity interests in Genco. By countersigning this letter where indicated below, you agree that (i) any vessels which are not encumbered in favour of any of the Group’s finance providers as at the date of this letter (“Unencumbered Vessels”) shall not be provided as security in favour of any such finance providers (whether directly or indirectly) or any other person, (ii) all proceeds from the sale of any Unencumbered Vessel (“Sales Proceeds”) shall be deposited into an account of Genco with a bank which is not also a provider of finance to any member of the Group and which shall not be subject to any Security in favour of any person (including any finance provider) nor subject to any rights of set off (other than rights of set-off arising by operation of law) in favour of any finance provider or other creditor and from which no withdrawals shall be permitted without the consent of the Agent, other than to finance the Group’s working capital requirements and (iii) you shall not (and shall procure that each member of the Group shall not) directly or indirectly make any payment under or in connection with any of the Group’s existing credit facilities nor cure any collateral maintenance shortfalls or equivalent with respect to any such credit facilities with Sales Proceeds . If the Commitment Letter Effective Date does not occur on or before 29 June 2016, this Commitment Letter shall terminate. This Commitment Letter and any non-contractual obligations arising from or in connection with it shall in all respects be governed by and interpreted in accordance with English law. We look forward to working with you on this transaction. Should you have any queries on our proposal, please feel free to contact us. Yours sincerely, For...
Change of Control Trigger Event means the occurrence of both a Change of Control and a Ratings Event. “Clearstream” means Clearstream Banking, S.A. or any successor securities clearing agency.