Exit Rights definition

Exit Rights means the rights to participate in the Exit Facility in accordance with the Exit Rights Offering Procedures.

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Exit Rights means the "buy/sell", "right of sale", "right of first refusal", "right of First offer" or similar mechanism contained in any Venture Agreement, by the terms of which any partner, member or manager may offer to purchase the interest of the other or require the sale of the Underlying Property or Underlying Properties owned by the Joint Venture.

Exit Rights. As noted above, on the Effective Date the provisions of Sections 8.1, 8.2 and 8.3 of the TWE-A/N Partnership Agreement will be deleted and such deletions will be reflected in Amendment #1, and the parties will have new restructuring rights as provided in the following paragraph and in other relevant provisions of this Term Sheet. Following the Debt Closing Date, TWE and A/N will each be permitted to cause a restructuring of TWE-A/N at any time. At such time as either TWE or A/N provides notice of its election to cause a restructuring, the continuing rights and obligations of the parties described under the heading "Other Business Opportunities" shall terminate (and, for the avoidance of doubt, as a result all of Article 10 of the existing TWE-A/N Partnership Agreement shall be terminated). Upon such a restructuring, all of the assets in the Selected Business (or, after Closing all of the equity interests in the Subsidiary) will be distributed promptly to A/N in complete redemption of the Subsidiary Tracking Interests (or any other interests in TWE-A/N held by A/N prior to Closing), and all such interests shall be cancelled, in all cases subject to (a) applicable law and receipt of all required consents not previously received, (b) the assumption by the A/N Group of all liabilities of the Selected Business (or, after Closing all liabilities of the Subsidiary) (as described in the Transaction Documents) not previously assumed, (c) the payment and satisfaction by the A/N Group of all amounts not previously paid but which are required to have been paid by any of them at the Debt Closing or the Closing, (d) the assumption by the TWE Group of all liabilities of the Residual Business (as described in the Transaction Documents) not previously assumed, (e) the payment and satisfaction by the TWE Group of all amounts not previously paid but which are required to have been paid by any of them at the Debt Closing or the Closing. MODIFICATIONS TO OTHER EXISTING TWE-A/N PARTNERSHIP AGREEMENT PROVISIONS: TWE Transitional Services: Prior to the Closing, TWE Cable will continue to make services available to the Selected Business in the ordinary course of business consistent with past practice and the existing TWE-A/N Partnership Agreement (including the AOL High Speed Services Agreement between AOL and TWC), in exchange for which the Selected Business will continue to pay Pre-Closing Operating Costs as described above; provided that the Programming Services described below...

Examples of Exit Rights in a sentence

• II-23.1 on Common Rules for Transactions of Critical Importance and Exit Rights, without prejudice to the provisions of the first paragraph.

• Consequently, the transactions under this merger agreement shall, as a rule, continue to be subject to the repealed Communiqué on Common Rules for Transactions of Critical Importance and Exit Rights (II-23.1).

• Backstop Commitments Oaktree shall backstop the Exit Rights Offering and the Euro Notes Rights Offering (collectively, the “Backstop Commitments”) in accordance with a backstop commitment letter to be negotiated between the Quiksilver Entities and Oaktree (the “Backstop Commitment Letter”) that includes the terms and conditions set forth herein and such other terms that are acceptable to Oaktree and to the Quiksilver Entities in their respective sole discretions.

• No GE Partner has exercised any Exit Rights under the Venture Agreements that are currently effective or which would restrict the ability of a GE Partner to exercise Exit Rights under the Venture Agreement, and (ii) as of the date hereof, no GE Partner has received written notice from any Operating Partner of the exercise by such Operating Partner of any such Exit Rights under any Venture Agreement.

• This required an amendment to the CMB’s Communiqué on Common Rules for Transactions of Critical Importance and Exit Rights, Series: II, No. 23.1. This requirement was met by the CMB’s Communiqué II.23.3 on Common Rules for Transactions of Critical Importance and Exit Rights ("Communiqué II-23.3"), published in the Official Gazette no.

• Additionally, the Parties acknowledge that the Seller Parties and GE Partner have certain Exit Rights with respect to certain Joint Ventures which may be triggered by third parties prior to the applicable Closing Date for the certain Equity Assets.

• Consequently, if the Draft Communiqué enters into force as stated above, the transactions under this merger agreement shall as a rule continue to be subject to the Communiqué on Common Rules for Transactions of Critical Importance and Exit Rights (II-23.1).

• This price calculation method is pursuant to Article 24, "Exit Rights", of the CML and Article 10, "Exercise Price for Exit Rights" of the repealed Communiqué on Common Rules for Transactions of Critical Importance and Exit Rights (II-23.1) (which applies to this Merger).

• However, the exercise of exit rights has been stipulated in article 15 of this Merger Agreement, in line with the CMB Communiqué on Common Rules for Transactions of Critical Importance and Exit Rights (II- 23.1), and other related capital market regulations.

• Further, in the event of a Material Breach of such nature as set forth in Clause (d) under the definition of “Material Breach”, the Exit Rights available to the other Principal Investors shall also be available to Quickroutes immediately upon the issuance of a Notice of Breach.

More Definitions of Exit Rights

Exit Rights means a collective reference to the same.