Mandatory Cancellation Event definition

Mandatory Cancellation Event means the occurrence of any of the following conditions or events:

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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Order are made to the Court but the Court refuses to grant one or both of the Court Orders; (d) the Scheme lapses or is withdrawn; (e) the Scheme Circular is not dispatched within 28 days of the date of the Press Release (or such later date as the Panel may permit) or, if later, promptly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 the occurrence of any of the following conditions or events in relation to the Offer: (i) the Offer lapses, terminates, or is withdrawn in writing in accordance with the Bidding Rules; (ii) the Merger Protocol is irrevocably and unconditionally terminated; (iii) the Long Stop Date occurs, unless the Offer Unconditional Date has occurred on or prior to such Long Stop Date in which case this clause (iii) shall not constitute a Mandatory Cancellation Event; (iv) the Maturity Date occurs and/or (v) the date that is 364 days after the Initial Settlement Date.

Examples of Mandatory Cancellation Event in a sentence

Unless previously terminated, the Commitments shall terminate in full at 6:00 p.m. (New York Time) on the date a Mandatory Cancellation Event occurs or exists, for the avoidance of doubt, on such date but immediately after the relevant Mandatory Cancellation Event occurs or first exists.
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.
Hold Unrestricted Cash of at least $200,000,000 prior to the earlier to occur of (a) Pace Acquisition Date and (b) a Mandatory Cancellation Event.
At 11:59 P.M. (New York time) on the date of a Mandatory Cancellation Event occurring prior to the Closing Date, the Revolving Commitments shall be automatically reduced to $500,000,000 (to the extent in excess thereof immediately prior thereto).
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.

More Definitions of Mandatory Cancellation Event

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 Scheme Cancellation Event or an Offer Cancellation Event.

Mandatory Cancellation Event means either:

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.