Distribution Termination Event definition

Distribution Termination Event has the meaning set forth in Section 7.01(f).
Sample 1Sample 2Sample 3
Distribution Termination Event means a declaration by the Purchaser of any cash dividend or distribution on shares of Common Stock, other than an Extraordinary Cash Dividend (a “Cash Distribution”), that has a record date during the Contract Period, the amount of which, together with all prior declared Cash Distributions that have a record date during the same Reference Period of the Purchaser, exceeds the Cash Distribution Amount specified in the Pricing Supplement for such Reference Period, and in respect of which the Calculation Agent has not made an adjustment pursuant to Section 8.01(b).
Sample 1Sample 2Sample 3
Distribution Termination Event means a declaration by the Purchaser of any cash, stock or other dividend or distribution on shares of Common Stock, other than an Extraordinary Cash Dividend (a “Distribution”), that has an ex-dividend date during the Contract Period, the value of which, together with all prior declared Distributions that have an ex-dividend date during the same Reference Period of the Purchaser, exceeds the Cash Distribution Amount specified in the Pricing Supplement for such Reference Period (it being understood that a calculation of the Termination Amount in connection with a Distribution Termination Event shall not give effect to any related Distribution). For the avoidance of doubt, the Transaction will not be adjusted for dividends.
Sample 1Sample 2Sample 3

Examples of Distribution Termination Event in a sentence

  • Upon a Preferential Distribution Termination Event, the affected Series C Units shall automatically convert to Common Units as described in Section 6 below.

  • Upon a Preferential Distribution Termination Event, the corresponding Contingent Value Right shall detach from the Class C OP Unit and shall automatically attach to the OP Unit issued in exchange for the terminated Class C OP Unit.

  • This Agreement is made pursuant to, and shall be construed and enforced in accordance with, the laws of the State of New York, U.S.A. irrespective of the principal place of business, residence or domicile of the Parties hereto and without giving effect to otherwise applicable principles of conflicts of law that would give effect to the laws of another jurisdiction.

  • Immediately upon a Preferential Distribution Termination Event, each such issued and outstanding Class C OP Unit shall automatically be converted into an equal amount of OP Units, without any action required on the part of the Class C OP Unit holder.

  • The right of a holder of a Class C OP Unit to receive the Preferential Distribution shall terminate upon the earlier to occur of (i) the exchange of the Class C OP Unit into share(s) of common stock of the Company (an "Exchange Termination Event") and (ii) the payment of a quarterly distribution per OP Unit of at least $0.5575 per unit, as adjusted to reflect a Reclassification (a "Preferential Distribution Termination Event," and together with an Exchange Termination Event, a "Termination Event").

  • Distributor shall promptly notify FilmCo: (i) of the occurrence of any event which is, or which with the giving of notice or the lapse of time, or both, would constitute, a Distribution Termination Event or Stop Funding Event, setting forth the details of such event and (iii) the action (if any) taken by Distributor with respect thereto.

  • Other than as set forth in Section 11.1.1 with respect to a Distribution Termination Event, FilmCo’s sole and exclusive remedy for any breach or default by Distributor of this Agreement shall be to bring an action at Law to recover any actual damages incurred by FilmCo as a result of such Distributor breach or default.

  • Upon the occurrence of a Distribution Termination Event, then in addition to FilmCo’s remedies set forth in Section 11.2 and Section 13 hereof at Law or in equity, FilmCo shall have the right to terminate this Agreement and on such termination, all Distribution Rights shall revert to FilmCo. Any such termination shall be effective upon receipt of a Notice of termination.

  • Upon issuance of a Class C OP Unit, the holder thereof shall also receive one Contingent Value Right which right shall attach to and remain inseparable, other than in connection with a Preferential Distribution Termination Event, from the Class C OP Unit upon which it was issued.

  • Immediately upon a Preferential Distribution Termination Event, each issued and outstanding Series C Unit shall automatically be converted into one Common Unit, without any action required on the part of the Series C Unit holder.


More Definitions of Distribution Termination Event

Distribution Termination Event means a declaration by the Purchaser of any Cash Distribution, that has an ex-dividend date during the Contract Period, the amount of which, together with all prior Cash Distributions that have an ex-dividend date during the same regular Reference Period of the Purchaser, exceeds the amount set forth in this Section 7.01(f) for such regular Reference Period. Cash Distribution Amount Reference Period $0.00 per share of Common Stock Trade Date – October 31, 2007 $0.0125 per share of Common Stock November 1, 2007 – January 31, 2008 $0.0125 per share of Common Stock February 1, 2008 – April 30, 2008 $0.0125 per share of Common Stock May 1, 2008 – July 31, 2008 $0.00 per share of Common Stock Any period after August 1, 2008 The “ex dividend” date will be determined based on the regular-way settlement procedures of the Exchange with respect to such dividend.
Sample 1Sample 2
Distribution Termination Event has the meaning set forth in Section 7.01(f). “Early Termination Date” has the meaning set forth in Section 14 of the Agreement. “Event of Default” has the meaning set forth in Section 14 of the Agreement. “Exchange” means the NASDAQ Global Market.
Sample 1
Distribution Termination Event means a declaration by the Purchaser of any cash dividend or distribution on shares of Common Stock, other than an Extraordinary Cash Dividend, that has a record date during the Contract Period, the amount of which, together with all prior declared cash dividends or distributions that have a record date during the same regular reference period of the Purchaser, exceeds the amount set forth in this Section 7.01(f) for such regular reference period. Cash Distribution Amount Reference Period $0.00 Trade Date - September 18, 2006 $ ****** per share of Common Stock September 19, 2006 - December 19, 2006 $ ****** per share of Common Stock December 20, 2006 - March 20, 2007 $ ****** per share of Common Stock March 21, 2007 - June 19, 2007 $ ****** per share of Common Stock Any period after June 20, 2007
Sample 1
Distribution Termination Event means a declaration by the Purchaser of any cash dividend or distribution on shares of Common Stock, other than an Extraordinary Cash Dividend (a “Cash Distribution”), that has a record date during the Contract Period, the amount of which, together with all prior declared Cash Distributions that have a record date during the same Reference Period of the Purchaser, exceeds the Cash Distribution Amount specified in the Pricing Supplement for such Reference Period, and in respect of which the Calculation Agent has not made an adjustment pursuant to Section 8.01(b). Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934.
Sample 1

Related to Distribution Termination Event

  • Distribution Event means any insolvency, bankruptcy, receivership, liquidation, reorganization or similar proceeding (whether voluntary or involuntary) relating to the Company or its property, or any proceeding for voluntary or involuntary liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or bankruptcy.

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • Company Termination Event means any of the following:

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).

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

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Accretion Termination Date As defined in the Series Supplement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.