Control Change Event definition

Control Change Event has the same meaning as such term is defined under Treasury Regulation §1.409A-3(i)(5).
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Control Change Event herein means any of the following events:
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Control Change Event. With respect to any of the Class WW-1, WW-2 and WW-3 Certificates, such time as it is determined that, and for so long as, either (i) the initial Certificate Principal Balance of such Class minus all Appraisal Reduction Amounts, Realized Losses and Additional Trust Fund Expenses allocated to such Class as of the date of determination is less than 25% of the initial Certificate Principal Balance of such Class of Class WW Principal Balance Certificates; or (ii) the outstanding Certificate Principal Balance of such Class of Class WW Principal Balance Certificates, after giving effect to all principal distributions, Appraisal Reduction Amounts, Realized Losses and Additional Trust Fund Expenses allocated to such Class as of the date of determination has been reduced to zero.
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Examples of Control Change Event in a sentence

  • Early redemption due to a change in control provisions If a Control Change Event (defined below) occurs, then the Bondholder has the right, at any time after the occurrence of such an event, to require Minebea to redeem all or part of the Bonds held by the same on a specified redemption date no less than 30 days but no more than 60 days after providing written notice to Minebea of its desire to do so.

  • If a Control Change Event and a Control Change Date have not occurred during the two (2) year period ending on the date of the Executive’s Separation from Service, then the Cash Severance shall be payable in twenty-four (24) equal or nearly equal monthly installments.

  • If a Control Change Date and a Control Change Event have occurred during the two (2) year period ending on the date of the Executive’s Separation from Service, then the Cash Severance shall be payable in a single cash payment on the sixtieth (60th) day after the Date of Termination or, if later, on the sixtieth (60th) day after the Executive’s Separation from Service.

Related to Control Change Event

  • Change Event means any merger, de-merger, amalgamation, consolidation, reorganization, joint operation or service arrangement, corporate restructuring or any other business arrangement involving the DTH Operator or any change of control or change in the management or acquisition of majority stake or controlling stake of the DTH Operator or acquisition by the DTH Operator of a majority stake or a controlling stake in any other entity or selling the whole or a substantial portion of the DTH Operator’s assets and/ or purchasing the whole or a substantial portion of the assets of another entity.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Control Change Date means the date on which a Change in Control occurs. If a Change in Control occurs on account of a series of transactions, the “Control Change Date” is the date of the last of such transactions.

  • Control Transaction means any of the following transactions or any combination thereof:

  • Exchange Event means with respect to any Global Registered Receipt:

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

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

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Notes and the Securities issued together with the Notes), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Change in Control Transaction means the occurrence of any of the following events:

  • Fundamental Change Effective Date means the date on which any Fundamental Change becomes effective.

  • 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.

  • 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).

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Change of Control means the occurrence of any of the following:

  • Control Event Defined. “Control Event” means:

  • Change of Control Date means the date on which a Change of Control occurs.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Change of Control Put Date shall have the meaning specified in Section 11.1.

  • Company Termination Event means any of the following:

  • Non-Control Transaction means a merger, consolidation or reorganization of the Company where:

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • Change in Control means the occurrence of any of the following events:

  • Make-Whole Fundamental Change Conversion Period has the following meaning: