Mandatory Exchange Right definition

Mandatory Exchange Right means the right of the Corporate Taxpayer to cause a Mandatory Exchange (as defined in the OpCo LLC Agreement) pursuant to Section 11.1(b) and Section 11.1(c) of the OpCo LLC Agreement, including any Mandatory Exchange effected directly with the Corporate Taxpayer pursuant to Section 11.9 of the OpCo LLC Agreement.
Sample 1Sample 2Sample 3
Mandatory Exchange Right has the meaning set forth in Section 10(c)(i).
Sample 1

Examples of Mandatory Exchange Right in a sentence

  • Determination of Interest Rates During the Daily Mode, the Weekly Mode and the R-FLOATs Mode 26 SECTION 2.07.

  • The Company will not exercise its Mandatory Exchange Right, or otherwise send a Mandatory Exchange Notice, with respect to any Exchangeable Preferred Stock pursuant to this Section 10(c) unless the Parent Common Stock Liquidity Conditions are satisfied with respect to the Mandatory Exchange.

  • Notwithstanding anything to the contrary in this Section 10(c), the Company cannot exercise its Mandatory Exchange Right at any time before the Requisite 5635(a) Stockholder Approval is obtained.

  • In the event of a Mandatory Exchange Right, the Purchaser shall use all reasonable efforts to deliver or cause to be delivered the aforementioned opinion, in form and substance reasonably acceptable to Mtel LATAM and Mtel Puerto Rico.

  • Notwithstanding any other provision of the Share Provisions, or any term of this Agreement, no Parent Common Shares shall be issued (and the Parent will not be required to issue any Parent Common Shares) in connection with any Liquidation of the Acquiror, or any Voluntary Exchange Right, Mandatory Exchange Right or any other exchange, direct or indirect, of Class B Shares, if such issuance of Parent Common Shares would not be permitted by applicable Laws.

  • While an RC such as that run by Don Bosco has superb facilities, the key to its success is really the involvement of the local community and the tremendous team of volunteers each of whom takes a personal interest in the children.

  • This phase gradient PRS is placed at an appropriate height over the primary radiating antenna elements which essentially forms a resonance FP cavity.

Related to Mandatory Exchange Right

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.