First Triggering Event definition

First Triggering Event means any of the following events or transactions occurring after the date hereof:
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First Triggering Event means the date on which the average reported last sale price of the Class A Ordinary Shares equals or exceeds $12.50 for any ten (10) trading days within any twenty (20) consecutive trading day period and “Second Triggering Event” means the date on which the average reported last sale price of the Class A Ordinary Shares equals or exceeds $15.00 for any ten (10) trading days within any twenty (20) consecutive trading day period; provided, that, if, during the Earnout Period, the Company consummates a Change of Control (as defined in the Business Combination Agreement) pursuant to which the Company or any of its shareholders have the right to receive consideration implying a value of the Class A Ordinary Shares (as determined in good faith by the Board) of (A) less than $12.50 per share, then all Earnout Shares shall be deemed forfeited upon consummation of such Change of Control, (B) greater than or equal to $12.50 per share, then the First Triggering Event shall be deemed to have occurred and (C) greater than or equal to $15.00 per share, then both the First Triggering Event and the Second Triggering Event shall be deemed to have occurred;”
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First Triggering Event means the filing by the Corporation with the United States Securities and Exchange Commission (the
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Examples of First Triggering Event in a sentence

  • Employee shall notify in writing the Compensation Committee of said First Triggering Event.

  • In any calendar year prior to the year in which the First Triggering Event occurs, if Licensee pays Tessera [*] in royalties for DRAM TCC Packages sold in a particular calendar year (“Initial DRAM Royalty Target”), then the royalty rate for DRAM TCC Packages sold thereafter in that same calendar year shall be [*] per package unless the First Triggering Event is met, in which case the royalty rate set forth in Paragraph III.B.1.b shall apply.

  • If [*], or the DRAM business of these companies, are acquired by another of these companies, then an agreement with the acquiring company to pay royalties for all DRAM Licensed Products that the acquiring company is shipping in volume shall satisfy the First Triggering Event.

  • The "First Triggering Event" shall mean the first Triggering Event to occur.

  • Employee's Base Salary shall increase by $50,000 ("Salary Increase") if and when the net earnings of the Company on a fully diluted basis reach $0.30 per share in any twelve (12) month period ("First Triggering Event").

  • Upon receipt of such notice and confirmation of said First Triggering Event, the Compensation Committee shall authorize the Salary Increase, to be effective the pay period immediately following the First Triggering Event.

  • The requirement of an Initial DRAM Royalty Target shall be removed for the year in which the First Triggering Event is satisfied.


More Definitions of First Triggering Event

First Triggering Event means if the volume weighted average closing price of a share of Class A Stock is greater than or equal to $13.00 over 10 trading days within any 30 trading day period, but within the time period between the date of the closing of the Business Combination and the fifth year anniversary of the closing of the Business Combination (such time period, the “Earn-Out Period”).
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First Triggering Event means if the volume weighted average closing price of a share of Class A Stock is greater than or equal to
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First Triggering Event has the meaning set forth in Section 2.5(a)(i).
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First Triggering Event means the filing by the Corporation with the Commission of a Registration Statement for the registration of certain of its securities for public offer and sale.
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First Triggering Event means the first Triggering Event to occur. Mutual's rights under Section 6 shall not terminate upon expiration of the right to exercise the Option pursuant to this Section 2, but shall continue until such rights may otherwise terminate in accordance with the terms of Section 6. Any date Mutual exercises its rights under Section 6 shall be referred to herein as an "Election Date." Notwithstanding the expiration of the Option, Mutual shall be entitled to purchase those Option Shares with respect to which it has exercised the Option in accordance with the terms hereof prior to the occurrence of an Exercise Termination Event. Any purchase of shares upon exercise of the Option shall be subject to compliance with applicable law, including the Home Owners' Loan Act of 1933 and the Regulations of the Office of Thrift Supervision ("OTS") promulgated thereunder (together, "HOLA").
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Related to First Triggering Event

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

  • 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.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • 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).

  • Triggering Events means each of the following events:

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

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

  • 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.

  • 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.

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Notice-triggering PI means the PI identified in CCC § 1798.29(e) whose 25 unauthorized access may trigger notification requirements under CCC § 1709.29. For purposes of this 26 provision, identity shall include, but not be limited to, name, identifying number, symbol, or other 27 identifying particular assigned to the individual, such as a finger or voice print, a photograph or a 28 biometric identifier. Notice-triggering PI includes PI in electronic, paper or any other medium.

  • Terminating Event means any of the following events:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Put Event means the occurrence of any of the following:

  • Sporting event means any of the following athletic activities that is organized, operated, managed, or sponsored by the School:

  • Company Termination Event means any of the following:

  • Restructuring Event means the occurrence of any one or more of the following events:

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

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

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

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

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