Mandatory Cancellation Event means the occurrence of any of the following conditions or events:
Mandatory Cancellation Event means the occurrence of any of the following conditions or events: (a) a Court Meeting is held to approve the Scheme at which a vote is held to approve the Scheme, but the Scheme is not so approved by the holders of the Target Shares by the requisite majority at such Court Meeting; (b) a General Meeting is held to pass the Scheme Resolutions at which a vote is held on the Scheme Resolutions, but the Scheme Resolutions are not passed by the shareholders of the Target by the requisite majorities at such General Meeting; (c) applications for the issuance of the Court Order are made to the Court but the Court refuses to grant one or both of the Court Orders; (d) the Scheme lapses or is withdrawn; (e) the Scheme Circular is not dispatched within 28 days of the date of the Press Release (or such later date as the Panel may permit) or, if later, promptly after the date on which the Court convenes a meeting of the holders of the Target Shares to consider the Scheme; (f) the Filing Date does not occur within 10 Irish Business Days of the issuance by the Court of the Court Order; (g) the date which is 15 days after the Scheme Effective Date; (h) the date on which the Target becomes a wholly owned subsidiary of Parent and Irish Sub and all of the consideration payable in respect of the Target Shares has been paid in full; (i) the End Date; or (j) a meeting of the holders of the Borrower Shares is held to approve the Acquisition at which a vote is held to approve the Acquisition and completed, but the Acquisition is not so approved.
Mandatory Cancellation Event means any of the following events:
Examples of Mandatory Cancellation Event in a sentence
Unless previously terminated, the Commitments shall automatically terminate at 5:00 p.m. (Local Time) on the earlier of (i) the date on which all of the Certain Funds Purposes have been achieved without the making of any Advances and (ii) the time after a Mandatory Cancellation Event occurs; provided that in any event the Commitments shall terminate in full on the Closing Date after the proceeds of the Advances have been made available to the Borrower.
Unless previously terminated, the Term Commitments shall terminate in full at 11:59 P.M. (New York City time) on the earliest of (i) the date on which all of the Certain Funds Purposes have been achieved without the making of any Term Advances, (ii) the Closing Date after giving effect to any Borrowing of Term Advances on the Closing Date (including, if applicable, any such Supplemental Advances) and (iii) the date a Mandatory Cancellation Event occurs.
The Offer Commitments shall terminate on an Offer Mandatory Cancellation Event.
Unless previously terminated, all undrawn Commitments then outstanding shall automatically terminate upon the occurrence of a Mandatory Cancellation Event.
If after the advance of the Term Loan on the Term Loan Funding Date a Mandatory Cancellation Event occurs or exists then the Company shall make immediate prepayment of the Term Loan in full.
More Definitions of Mandatory Cancellation Event
Mandatory Cancellation Event means the occurrence of any of the following conditions or events: (a) a Court Meeting is held to approve the Scheme at which a vote is held to approve the Scheme, but the Scheme is not so approved by the holders of the Target Shares by the requisite majority at such Court Meeting; (b) a General Meeting is held to pass the Scheme Resolutions at which a vote is held on the Scheme Resolutions, but the Scheme Resolutions are not passed by the shareholders of the Target by the requisite majorities at such General Meeting; (c) applications for the issuance of the Court Order are made to the Court but the Court refuses to grant one or both of the Court Orders; (d) the Scheme lapses or is withdrawn;
Mandatory Cancellation Event means the occurrence of any of the following conditions or events:
(a) where the Target Acquisition proceeds by way of a Scheme:
(i) the Scheme lapses or is withdrawn with the consent of the Panel or by order of the Court;
(ii) the date which is fifteen days after the Scheme Effective Date (or, if later, the date immediately following any extension of the period for settlement of consideration provided by the Panel pursuant to the Takeover Code); or
(iii) the Long-Stop Date, unless, in respect of clauses (i) and (ii) above, for the purpose of switching from a Scheme to an Offer, within five Business Days of such event the Borrower has notified the Agent it intends to issue, and then within ten Business Days after delivery of such notice does issue, an Offer Press Release (in which case no Mandatory Cancellation Event shall have occurred);
(b) where the Target Acquisition proceeds by way of an Offer:
(i) such Offer lapses, terminates or is withdrawn (with the consent of the Panel, where required) unless, for the purpose of switching from an Offer to a Scheme, within five Business Days of such event the Borrower has notified the Agent it intends to issue, and then within ten Business Days after delivery of such notice does issue, a Scheme Press Release (in which case no Mandatory Cancellation Event shall have occurred);
(ii) the date upon which Bidco has acquired 100% of the Target Shares and all payments made or to be made for Certain Funds Purposes have been paid in full in cleared funds;
(iii) the date falling ninety days after the Closing Date; or
(iv) the Long-Stop Date.
Mandatory Cancellation Event means any event specified in paragraph (a) of Clause 11.3 (Mandatory cancellation).
Mandatory Cancellation Event means the occurrence of (a) a Scheme Cancellation Event or (b) an Offer Cancellation Event. Margin means:
Mandatory Cancellation Event means the occurrence of any of the following conditions or events: (a) the Long Stop Date or (b) the termination of the Target Acquisition Agreement in accordance with its terms.
Mandatory Cancellation Event means, in relation to an Interest Payment Date, any one of the following events:(A) (i) a Regulatory Intervention has occurred and such Regulatory Intervention will be continuing on such Interest Payment Date, or would be caused by the payment by the Issuer (or the Guarantor) of interest and/or arrears of interest on the relevant date; and (ii) no dividend has been declared on any ordinary shares of Assicurazioni Generali since the date on which such Regulatory Intervention occurred; or(B) payment of the relevant interest and/or arrears of interest would result in the Issuer (or the Guarantor) becoming insolvent in accordance with provisions of the relevant insolvency laws and rules and regulations thereunder (including any applicable decision of a court) applicable to the Issuer (or the Guarantor) from time to time,
Mandatory Cancellation Event means, in relation to an Interest Payment Date, any one of the following events:(A) (i) a Regulatory Intervention has occurred and such Regulatory Intervention will be continuing on such Interest Payment Date, or would be caused by the payment by the Issuer (or the Guarantor) of interest and/or arrears of interest on the relevant date; and, subject to the proviso below, (ii) no dividend has been declared on any ordinary shares of Assicurazioni Generali since the date on which such Regulatory Intervention occurred; or(B) payment of the relevant interest and/or arrears of interest would result in the Issuer (or the Guarantor) becoming insolvent in accordance with provisions of the relevant insolvency laws and rules and regulations thereunder (including any applicable decision of a court) applicable to the Issuer (or the Guarantor) from time to time,provided that following implementation of the Future Regulations, the Issuer shall nonetheless cancel payment of interest on the Notes if and to the extent that any such non-cancellation as a result of the failure to satisfy the condition set out in sub-(A)(ii) will result in the Notes not qualifying as at least Tier 2 own funds (or whatever the terminology employed by the Future Regulations), in which case the condition set out in sub-(A)(ii) shall be disapplied.