Forced Exit definition

Forced Exit means, with respect to any one or more Parties, the termination of such Parties’ participation in the Agreement by the other Parties in accordance with Article 32.2;
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Examples of Forced Exit in a sentence

  • The cost of an exit as determined in the Exit Plan according to Article 32.4 of the Agreement shall be allocated and settled as proposed by the NEMO ID SC and as consented by the Voluntary Exit Party or Forced Exit Party.

  • As soon as the NEMO ID SC and the Voluntary Exit Party or Forced Exit Party have agreed upon the costs of an exit and the modalities how these will be settled, all Parties shall follow such instructions and issue respective invoices according to Section II.7.

  • Specify % if not unanimous:   % YES NO Forced Exit Should the agreement specifically cover transfers to the Remaining Equity Holders where: the Remaining Equity Holders otherwise consent - specify % if not unanimous:  % Funding For exit strategies not covered by insurance, funding will be covered by instalments.

  • Notwithstanding the above, Parties agree that a Party should Exit or may be forced to Exit or may be suspended from this Agreement in case this Party Exits / is suspended under the SDAC DAOA (regardless whether it is a result of Voluntary or Forced Exit or suspension from SDAC DAOA).

  • For other matters, the Voluntary Exit Party or Forced Exit Party (as the case may be) shall not be entitled to vote unless the All NEMO Committee decides otherwise or unless the vote has direct consequences for the relevant Voluntary Exit Party or Forced Exit Party (as the case may be).

  • Forced Exit Party or Suspended Party (as the case may be) shall, in accordance with the Exit Plan/Suspension Plan, use its Best Efforts to assist the remaining Parties to enable continuity of DA MCO Function Operations and to enable the migration of any services it performs or the documentation/information it provides until the date of its exit or for the duration of its suspension (as the case may be) or for such other period as referred to in the relevant Exit Plan or Suspension Plan.

  • For the avoidance of doubt, any Party that, pursuant to any provision of the Agreement is not entitled to vote (such as in the cases mentioned in Article 15.2 (Forced Exit), Article 15.3 (Suspension) and Article 15.4.5 (voting rights during exit or suspension), shall not be a Voting Member for the matters for which its vote is excluded.

  • Report of a Study on Young People's Incomes and Living Costs (Summary), Youth Affairs Council of Victoria: Melbourne Hirst, C (1989), Forced Exit.

  • However, the NEMO ID SC (it being understood that the Forced Exit Party shall not take part to the decision in this respect) may decide to suspend its decision under Article 0 in case of Dispute settlement (Article 37(Dispute resolution and jurisdiction)).

  • Forced Exit: The Slippery Slope from Assisted Suicide to Legalized Mur- der.

Related to Forced Exit

  • Forced Conversion shall have the meaning set forth in Section 6(d).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

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

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Fundamental Change Purchase Date has the meaning specified in Section 3.01(a).

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Forced Outage means any unplanned reduction or suspension of the electrical output from the Facility resulting in the unavailability of the Facility, in whole or in part, in response to a mechanical, electrical, or hydraulic control system trip or operator-initiated trip in response to an alarm or equipment malfunction and any other unavailability of the Facility for operation, in whole or in part, for maintenance or repair that is not a scheduled maintenance outage and not the result of Force Majeure.

  • LCA Test Date has the meaning specified in Section 1.03(e).

  • 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.

  • Mandatory Purchase Event means, (i) in connection with the termination of the VRDP Shares Purchase Agreement due to its expiration as of a Scheduled Termination Date, by the fifteenth day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement then in effect, and (b) the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement, or (ii) in connection with the termination of the VRDP Shares Purchase Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.

  • Fundamental Change Purchase Price has the meaning specified in Section 3.01(a).

  • Make-Whole Fundamental Change means any transaction or event that constitutes a Fundamental Change (as defined above and determined after giving effect to any exceptions to or exclusions from such definition, but without regard to the proviso in clause (b) of the definition thereof).

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Conversion Floor Price Condition means that the relevant Alternate Conversion Price is being determined based on clause (x) of such definitions.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.