Major Transaction means a transaction or series of related transactions within a calendar year between a Utility and an Affiliate relating to the sale or purchase of an asset(s) or to the provision of a service or a similar group of services, other than Utility Services, which has an aggregate value within that calendar year of $500,000 or more.

Major Transaction means and shall be deemed to have occurred at such time upon any of the following events:

Major Transaction. A "Major Transaction" shall be deemed to have occurred at such time as any of the following events:

Examples of Major Transaction in a sentence

If the Borrower intends to redeem the Notes pursuant to this Section 5.3, the Borrower shall provide the Purchasers with notice (the “Major Transaction Notice”) of its election to redeem the Notes at least fifteen (15) days prior to the consummation of such Major Transaction and simultaneously with consummation of such Major Transaction, the Borrower shall make such Major Transaction Payment in cash in full to each such Purchaser.
Neither the Borrower nor Parent shall consummate any Major Transaction without complying with the provisions of this Section 5.3.
For the avoidance of doubt, in the event the Borrower receives the Conversion Notice referred to in the preceding sentence later one (1) Business Day before the date of the Major Transaction specified in the Major Transaction Notice, the Purchaser will not be able to convert its Note.
In the event a Purchaser issues a Conversion Notice after such Purchaser has received a Major Transaction Notice, such Conversion Notice must be received by the Borrower no later than one (1) Business Day before the date of the Major Transaction specified in such Major Transaction Notice.

More Definitions of Major Transaction

Major Transaction means any of the following events:

Major Transaction shall have the meaning specified in Section 2(g).

Major Transaction means a merger, consolidation, business combination, tender offer, exchange of shares, recapitalization, reorganization, redemption or other similar event, as a result of which shares of Common Stock shall be changed into the same or a different number of shares of the same or another class or classes of stock or securities or other assets of the Company or another entity or the Company shall sell all or substantially all of its assets.

Major Transaction means the sale of all or substantially all of the assets of the Corporation, or a merger, consolidation, sale of stock or similar transaction or series of related transactions whereby a third party (including a “group” as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) acquires beneficial ownership, directly or indirectly, of securities of the Corporation representing over fifty percent (50%) of the combined voting power of the Corporation; provided, however, that a Major Transaction shall not in any event include a direct or indirect public offering of securities of the Corporation, its parent or other Affiliates.

Major Transaction shall have the meaning specified in Section 2(g), above.

Major Transaction has the meaning set forth in the Warrants.

Major Transaction in relation to a company means -