Option Triggering Event definition

Option Triggering Event is the first to occur of the following: (x) the termination by the Company of the Merger Agreement pursuant to Section 7.1(c)(ii) other than a termination, prior to 5:00 p.m. (New York time) on February 20, 2000, in connection with a Superior Proposal (as hereinafter defined) from any party (or an affiliate of such party) which made an Acquisition Proposal or gave an Indication of Interest prior to 12:00 p.m. (New York time) on February 3, 2000 (such time and date, the "Initial Offer Expiration Date"), (y) the termination by Parent of the Merger Agreement pursuant to Section 7.1(d)(iii) other than a termination, prior to 5:00 p.m. (New York time) on February 20, 2000, in connection with a Superior Proposal from any party (or an affili- ate of such party) which made an Acquisition Proposal or gave an Indica- tion of Interest prior to the Initial Offer Expiration Date, (z) the ter- mination by the Company or Parent of the Merger Agreement pursuant to Sec- tion 7.1(b)(i) if prior to such termination there shall have been publicly announced an Acquisition Proposal that is financially superior to the Of- fer and Merger (either at the time it is made or at any time prior to the termination of the Merger Agreement) or Indication of Interest (a "Supe- rior Proposal") and (zz) the termination by Parent of the Merger Agreement pursuant to Section 7.1(d)(ii) as a result of the Company's willful mate- rial breach of a covenant in the Merger Agreement if prior to such breach the Company shall have received a Superior Proposal.
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Option Triggering Event means the occurrence of any of the following events: A person or group (as such terms are defined in the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder) other than HUB or an affiliate of HUB:
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Option Triggering Event also means the taking of any material direct or indirect action by SJBDI or any of its directors, senior executive officers, investment bankers or other person with actual or apparent authority to speak for the Board of Directors, inviting, encouraging or soliciting any proposal (other than from HUB or an affiliate of HUB) which has as its purpose a tender offer for the shares of Common Stock, a merger, consolidation, plan of exchange, plan of acquisition or reorganization of SJBDI, or a sale of a significant number of shares of Common Stock or any significant portion of its assets or liabilities.
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Examples of Option Triggering Event in a sentence

  • Except as described this Section 4.21 with respect to a Special Put Option Triggering Event, this Indenture does not contain provisions that permit the Holders to require that the Company repurchase or redeem the Notes in the event of a termination, rescission or expiration of any Gaming License.

  • Upon the occurrence of a Special Put Option Triggering Event, each Holder shall have the right to require the Issuer to repurchase all or any part of such Holder’s Notes pursuant to a Special Put Option Offer (as defined below) as set forth below.

  • In the event that such Call Option Triggering Event occurring during the Call Option Period is a Bluebird Call Option Triggering Event, Bluebird will not commence a process intended to result in (or does result in) a Corporate Event until after delivery of the Call Option Triggering Event Notice to Celgene.

  • A panel of three (3) independent third party firms each of which is either (i) a nationally-recognized investment banking firm or (ii) a nationally-recognized valuation firm (each a “Valuation Firm”) will be selected by Bluebird and Celgene as promptly as practicable in accordance with the procedures set forth below, but in no event more than five (5) calendar days after Celgene’s receipt of the Call Option Triggering Event Notice.

  • Notwithstanding any other provision of this Section 1.6, the Parties may at any time following Celgene’s receipt of the Call Option Triggering Event Notice and during the valuation process but prior to the Initial Valuation Determination Date or the Final Valuation Date, as applicable, engage in negotiations to determine a mutually-satisfactory Call Option Exercise Price.

  • In the event that, during the Call Option Period, a Call Option Triggering Event occurs, then Bluebird will give Celgene written notice of such Call Option Triggering Event (a “Call Option Triggering Event Notice”).

  • The Certificate of Award shall fix the aggregate principal amount of the Series 2021G Bonds to be issued provided the aggregate principal amount of the Series 2021G Bonds shall not exceed $12,000,000.

  • Seagen shall notify Nurix in writing promptly following the occurrence of a Profit-Share Option Triggering Event, which notice shall indicate the relevant event and date thereof.

  • Upon the occurrence and during the continuance of a Purchase Option Triggering Event, all or a portion of the Second Lien Secured Parties, acting as a single group, shall have the option at any time upon five (5) Business Days’ prior written notice to the First Lien Representative to purchase all, but not less than all, First Lien Obligations from the First Lien Secured Parties.

  • The Option shall become exercis- able (unless earlier terminated) from and after the time and date of the Option Triggering Event.


More Definitions of Option Triggering Event

Option Triggering Event means, for each Distribution Product, the earlier of (i) the date at which Teva receives official requirements from the applicable Regulatory Authority for additional research and development activities notifies Licensee that it elects to trigger the process under Section 2.4 of this Agreement with respect to a specific Distribution Product as a condition or in support of obtaining and/or maintaining the applicable Regulatory Approval; and (ii) the date that the IDL for such Distribution Product is disapproved by the applicable Regulatory Authority.
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Option Triggering Event means any of (a) [...***...], (b) [...***...], or (c) [...***...].
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Option Triggering Event has the meaning specified in Section 6.04 a. hereof.
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Related to Option Triggering Event

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

  • Notice-triggering PI means the PI identified in CCC § 1798.29(e) whose 25 unauthorized access may trigger notification requirements under CCC § 1709.29. For purposes of this 26 provision, identity shall include, but not be limited to, name, identifying number, symbol, or other 27 identifying particular assigned to the individual, such as a finger or voice print, a photograph or a 28 biometric identifier. Notice-triggering PI includes PI in electronic, paper or any other medium.

  • Triggering Events means Triggering Event I, Triggering Event II and Triggering Event III, collectively.

  • Put Option Event means a Change of Control Event.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Terminating Event means any of the following events:

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Control Transaction means the acquisition by a person or group of the status of a controlling person.[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

  • Change in Control Transaction means the occurrence of any of the following events:

  • 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.

  • Change of Control means the occurrence of any of the following events:

  • Early Dissolution Event has the meaning specified in Section 9.2.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Put Event means the occurrence of:

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).