Early Trigger definition

Early Trigger means:
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Examples of Early Trigger in a sentence

  • In furtherance of its obligations under Sections 2.1(d) and (e), upon notice from FLP or any applicable Enerplus Subsidiary of any event that requires FLP or such Enerplus Subsidiary to cause to be delivered Enerplus Units to any holder of FLP B Units, Enerplus shall forthwith issue and deliver the requisite number of Enerplus Units to be received by, and issued to or to the order of, the former holder of the surrendered FLP B Units, as FLP or such Enerplus Subsidiary shall direct.

  • Upon the occurrence of an Early Trigger Date of this Plan, the Company will pay out on such vested Restricted Share Units issued under this Plan and by paying (net of any Applicable Withholding Tax) to such Recipient on or subsequent to the Early Trigger Date, but no later than 10 days after the Early Trigger Date, an Award Payout in an amount equal to the Vesting Date Value as at the Early Trigger Date of such Restricted Share Units.

  • In the event that the Company is unable to issue in any Early Trigger Offering the full amount of Remaining Excess Shares at the time of the Early Trigger Offering, then the Company’s payment obligations with respect to any Remaining Excess Shares following the Early Trigger Offering shall continue and the provisions of this Section 4.2(g)(i) shall apply to such future Early Trigger Offerings.

  • Upon the occurrence of an Early Trigger under this Plan, the Corporation will pay out on such vested Restricted Share Units issued under this Plan and credited to the account of such RSU Participant by paying (net of any Applicable Withholding Tax) to such RSU Participant on but no later than 10 days after the occurrence of the Early Trigger, an Award Payout in an amount equal to the Vesting Date Value as at the date of the occurrence of the Early Trigger of such Restricted Share Unit.

  • Notwithstanding anything else in this Plan, all unvested Restricted Share Units held by any Recipient will automatically vest, without further act or formality, immediately in the event of a Termination arising from the resignation or cessation of employment or service by the Recipient based on a material reduction or change in position, duties or remuneration of the Recipient at any time within 12 months after the occurrence of a Change of Control (the " Early Trigger Date").

  • Such duties may be changed in a manner deemed appropriate from time to time by the Board of Directors so long as such duties are consistent with Executive's employment as CEO and President; provided, however, this sentence shall not be operative after an Early Trigger or Change of Control as defined in Section 3.01.

  • Board Seat, Buyouts 10 4.1 Board Seat 10 4.2 Initial Buyout 10 4.3 Interim Buyouts 11 4.4 Final Buyout 11 4.5 Early Trigger of Final Buyout 12 4.6 Adjustments to the Final Buyout Price 12 4.7 Closing Documents for the Final Buyout 12 4.8 Landed Cost of Goods 12 4.9 Payments of Interim and Final Buyout Price 13 4.10 Minimum COG Savings and Actual Sales 13 Article 5.

  • Notwithstanding anything else in this Plan, all unvested Restricted Share Units held by any Recipient will automatically vest, without further act or formality, immediately in the event of a Termination arising from the resignation or cessation of employment or service by the Recipient based on a material reduction or change in position, duties or remuneration of the Recipient at any time within 12 months after the occurrence of a Change of Control (the “ Early Trigger Date”).

  • The Company may exercise its right to require Forced Full Exercise under this Section 4(b) by delivering a written notice thereof by facsimile and overnight courier to all, but not less than all, of the holders of Warrants, within not more than three (3) Trading Days following the Early Trigger Date (the “Forced Full Exercise Notice” and the date the Forced Full Exercise Notice is delivered to all Holders is referred to as the “Forced Full Exercise Notice Date”).

Related to Early Trigger

  • 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.

  • 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%.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Delinquency Trigger means, for any Payment Date and the related Collection Period, 24.00%.

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

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

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

  • 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.

  • 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.

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

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

  • 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).

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • 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.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • 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.

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

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Covenant Trigger Period means the period (a) commencing on the date that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $50,000,000 and (b) continuing until there has been a period of 30 consecutive days thereafter during which at all times (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) $50,000,000.

  • Cumulative Loss Trigger Event If, with respect to any Distribution Date, the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period, divided by (y) the Cut-off Date Pool Principal Balance, exceeds the applicable Cumulative Loss Percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage March 2008 through February 1.400% for the first month, plus an additional 2009 1/12th of 1.750% for each month thereafter (e.g., 2.275% in September 2008) March 2009 through February 3.150% for the first month, plus an additional 2010 1/12th of 1.750% for each month thereafter (e.g., 4.025% in September 2009) March 2010 through February 4.900% for the first month, plus an additional 2011 1/12th of 1.400% for each month thereafter (e.g., 5.600% in September 2010) March 2011 through February 6.300% for the first month, plus an additional 2012 1/12th of 0.750% for each month thereafter (e.g., 6.675% in September 2011) March 2012 and thereafter 7.050%

  • 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.

  • Early Amortization Event means the occurrence of any of the following:

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).