Participation Event definition

Participation Event has the meaning ascribed to such term in Section3.6(b).
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Participation Event means (i) any Change in Control, or (ii) any consolidation, merger, binding share exchange or reorganization to which the Corporation is party, except a consolidation, merger, share exchange or reorganization in which the Corporation is the continuing corporation and which does not result in any exchange or conversion of the outstanding shares of any class or series of capital stock of the Corporation, any distribution, issuance of securities or payment of other consideration to the holders of the outstanding shares of any class or series of capital stock of the Corporation, or change in the outstanding shares of
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Participation Event has the meaning ascribed to such term in Section 1(b).
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Examples of Participation Event in a sentence

  • Upon the occurrence of an Automatic Participation Event, the Administrative Agent will give notice thereof to each Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans.

  • Upon the occurrence of an Automatic Participation Event, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans.

  • While civil liability imposed by the ADA offers a strong disincentive against hiring discrimination, the breadth of this disincentive is restricted.

  • No termination, modification, or amendment of the Plan may occur after a Participation Event without the written consent of a majority of the Eligible Employees.

  • Any benefits provided to an Employee under the Plan, including the right to receive any portion of the Employee Participation Amount, shall NOT vest until the occurrence of a Participation Event.

  • Employee Stock Participation Plan (the "Plan") is intended to provide a method whereby employees of EXCO Resources, Inc., a Texas corporation ("EXCO"), which is the wholly-owned subsidiary of EXCO Holdings Inc., a Delaware corporation ("EXCO Holdings"), will have an opportunity to share in proceeds received on the occurrence of a Participation Event (defined in Section 6 below) as though such employees were shareholders of EXCO Holdings.

  • Upon the occurrence of an Automatic Swing Line Participation Event, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice each Revolving Lender’s Pro Rata Share of the outstanding Swing Line Loan or Loans (provided, that failure of the Administrative Agent to deliver such notice shall not relieve the Revolving Lenders of their obligations to acquire participations in Swing Line Loans or to make Revolving Loans under this Section 2.4.5).

  • Send outline of Mass Participation Event Plan & Separate Water safety Plan to FINA office4 months before6.

  • In the event the Company determines that a Dosing Event or a Participation Event has occurred, the Company shall so certify to the holders thereof in writing in the form attached hereto and as promptly as practicable, but in any event within four (4) business days of such occurrence, issue a public announcement of such event.

  • The EXCO Holdings' Board of Directors may modify, revise, or terminate this Plan at any time and from time to time prior to a Participation Event.


More Definitions of Participation Event

Participation Event shall have the meaning set forth in the Senior Preferred Certificate of Designation.
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Participation Event means (i) a sale of all or substantially all of the assets of the Company, or (ii) a merger or consolidation of the Company with or into any other corporation (other than a merger or consolidation in which shares of the Company's Voting Securities outstanding immediately before such merger or consolidation are exchanged or converted into or constitute shares which represent more than 50% of the surviving entity's Voting Securities after such consolidation or merger), or (iii) a transaction or a series of transactions in which a Person or a group of Persons (as defined in Rule 13d-5(b)(I) of the Exchange Act) acquires beneficial ownership (as determined in accordance with Rule 13d-3 of the Exchange Act) of more than 50% of the Voting Securities of the Company, or (iv) a Qualified Public Offering, or (v) a Liquidity Event, or (vi) a liquidation, dissolution of winding-up the Company. A Participation Event shall not extend to any reorganization, merger or consolidation involving (1) only a change in the state of incorporation of the Company, (2) a merger of the Company with or into a wholly-owned subsidiary of the Company that is incorporated in the United States of America, or (3) an acquisition by merger, reorganization or consolidation, in which the Company is substantively the surviving corporation and operates as a going concern and is not the target in any such acquisition, of another corporation incorporated in the United States of America that is engaged in a business similar or related to the business of the Company and which does not involve a recapitalization of the Series C Preferred Stock.
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Participation Event means (i) a sale of all or substantially all of the assets of the Company, or (ii) a merger or consolidation of the Company with or into any other corporation (other than a merger or consolidation in which shares of the Company's Voting Securities outstanding immediately before such merger or consolidation are exchanged or converted into or constitute shares which represent more than 50% of the surviving entity's Voting Securities after such consolidation or merger), or (iii) a transaction or a series of transactions in which a Person or a group of Persons (as defined in Rule 13d-5(b)(I) of the Exchange Act) acquires beneficial ownership (as determined in accordance with Rule 13d-3 of the Exchange Act) of more than 50% of the Voting Securities of the Company, or (iv) a Liquidity Event, or (v) a liquidation, dissolution of winding-up the Company. A Participation Event shall not extend to any reorganization, merger or consolidation involving (1) only a change in the state of incorporation of the Company, (2) a merger of the Company with or into a wholly-owned subsidiary of the Company that is incorporated in the United States of America, or (3) an acquisition by merger, reorganization or consolidation, in which the company is substantively the surviving corporation and operates as a going concern and is not the target in any such acquisition, of another corporation incorporated in the United States of America that is engaged in a business similar or related to the business of the Company and which does not involve a recapitalization of the Series B Preferred Stock.
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Participation Event means that a Basket Company takes a stake exceeding 20.00 per cent. of another separate Basket Company comprised within the same basket of Shares;
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Participation Event means: (A) a Reorganization (as defined in Section 2(d)(vii) hereof), or (B) a transaction or series of transactions, other than any equity financings approved by the Board of Directors, in which any beneficial owner or group (as those terms are defined under Section 13(d) of the Securities Exchange Act of 1934, as amended the “Exchange Act”) that does not prior to such transaction or series of transactions beneficially own more than fifty percent (50%) of the voting securities of the Corporation acquires beneficial ownership of more than fifty percent (50%) of the voting securities of the Corporation; provided, however, that a Participation Event shall not extend to any Reorganization involving (1) only a change in the state of incorporation of the Corporation, (2) a merger of the Corporation with or into a wholly-owned subsidiary of the Corporation which is incorporated in the United States of America, or (3) an acquisition by merger, reorganization or consolidation, in which the Corporation is substantively the surviving corporation and operates as a going concern, of another corporation which is incorporated in the United States of America and which is engaged in a business similar to or related to the business of the Corporation and, in the case of clauses (1), (2) and (3), which does not involve a change in the terms of the Convertible Preferred or the Common Stock.
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Related to Participation Event

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Period has the meaning set forth in Section 4.2 hereof.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Participation Notice has the meaning set forth in Section 4.2;

  • Reduction Event means any of the following:

  • Participation Amount as defined in Section 3.4(b).

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Swing Line Participation Amount as defined in Section 2.7.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Benchmark Modification or Cessation Event means, in respect of the Benchmark any of the following has occurred or will occur:

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 15 November 2017 is 100% (in any case, it will not be below 80%).

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Optional Purchase Percentage means 5%.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.