Designated Holdco Effective Date definition

Designated Holdco Effective Date means the date that (a) the actions described in clause (b) of the definition of Permitted Reorganization Actions are satisfied, and (b) the terms and conditions contained in the definitions of Permitted Reorganization and Permitted Reorganization Actions are satisfied in respect of the actions described in clause (a) above, and in respect of all Permitted Reorganization Actions commenced prior to the actions described in clause (a) above.
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Designated Holdco Effective Date means, upon and following the consummation of the Permitted Reorganization, a newly formed direct Wholly Owned Subsidiary of AV Minerals, organized under the laws of England and Wales or the District of Columbia or any State of the United States and designated by the Borrower as “Designated Holdco” pursuant to the terms of the date that (a) the actions described in clause (b) of the definition of Permitted Reorganization. Actions are satisfied, and (b) the terms and conditions contained in the definitions of Permitted Reorganization and Permitted Reorganization Actions are satisfied in respect of the actions described in clause (a) above, and in respect of all Permitted Reorganization Actions commenced prior to the actions described in clause (a) above.
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Designated Holdco Effective Date means the date that (a) the actions described in clause (b) of the definition of Permitted Reorganization Actions are satisfied, and (b) the terms and conditions contained in the definitions of Permitted Reorganization and Permitted Reorganization Actions are satisfied in respect of the actions described in clause (a) above, and in respect of all Permitted Reorganization Actions commenced prior to the actions described in clause (a) above. “Disqualified Capital Stock” shall mean any Equity Interest which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable other than solely for Qualified Capital Stock, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to 180 days after the Maturity Date in effect at the time of issuance of such Equity Interest, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interests referred to in (a) above, in each case at any time on or prior to 180 days after the Maturity Date in effect at the time of issuance of such Equity Interest, or (c) contains any mandatory repurchase obligation which may come into effect prior to 180 days after the Maturity Date in effect at the time of issuance of such Equity Interest; provided, however, that any Equity Interests that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Equity Interests is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Equity Interests upon the occurrence of a change in control or an asset sale occurring prior to 180 days after the Maturity Date in effect at the time of issuance of such Equity Interest shall not constitute Disqualified Capital Stock if such Equity Interests provide that the issuer thereof will not redeem any such Equity Interests pursuant to such provisions prior to the repayment in full of the Obligations. “Disqualified Institution” shall mean, on any date, (a) any Sanctioned Person and (b) any other Person that is a direct competitor of the Designated Company (other than a Person 23 1120544.02G-CHISR02A - MSW
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Examples of Designated Holdco Effective Date in a sentence

  • At all times prior to a Qualified Borrower IPO, 100% of the Equity Interests of the Borrower will be owned directly by Holdings (or, following the consummation of the Permitted Reorganization, and 100% of the Equity Interests of the other Co-Borrower shall be owned directly or indirectly by Holdings (or, in the case of each Co-Borrower, on and after the Designated Holdco Effective Date, will be owned directly or indirectly by Designated Holdco).

  • At all times prior to a Qualified Borrower IPO, 100% of the Equity Interests of the Borrower will be owned directly by Holdings, and 100% of the Equity Interests of the other Co-Borrower shall be owned directly or indirectly by Holdings (or, in the case of each Co-Borrower, on and after the Designated Holdco Effective Date, will be owned directly or indirectly by Designated Holdco).

  • Mr. Burke further confirmed for Mr. Starrh that the cost of the$50M bond issue is 2% with a maximum of $1.5M (net).

  • At all times prior to a Qualified Parent IPO, 100% of the Equity Interests of the Parent will be owned directly by Holdings, and 100% of the Equity Interests of the Borrower shall be owned directly or indirectly by Holdings (or, in the case of the Parent and the Borrower, on and after the Designated Holdco Effective Date, will be owned directly or indirectly by Designated Holdco).

Related to Designated Holdco Effective Date

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • the Effective Date means each date that the Registration Statement and any post-effective amendment or amendments thereto became or become effective. "Execution Time" shall mean the date and time that this Agreement is executed and delivered by the parties hereto. "Basic Prospectus" shall mean the form of basic prospectus relating to the Securities contained in the Registration Statement at the Effective Date. "Prospectus" shall mean the Basic Prospectus as supplemented by the Prospectus Supplement. "Registration Statement" shall mean the Registration Statement referred to in paragraph (a) above, including incorporated documents, exhibits and financial statements, as amended at the Execution Time. "Rule 415" and "Rule 424" refer to such rules under the Act. Any reference herein to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Exchange Act on or before the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be; and any reference herein to the terms "amend", "amendment" or "supplement" with respect to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the filing of any document under the Exchange Act after the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be, deemed to be incorporated therein by reference.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • Amendment No. 6 Effective Date has the meaning set forth in Amendment No. 6.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

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