Participation Right definition

Participation Right shall have the meaning set out in Section 3.2;

Participation Right has the meaning given to such term in Section 4.1(b);

Participation Right shall have the meaning set forth in Section 6.1(a).

Examples of Participation Right in a sentence

• The parties agree that in the event Company breaches its obligations with respect to the Participation Right, Investor’s sole and exclusive remedy shall be to receive, as liquidated damages, an amount equal to twenty percent (20%) of the amount Investor would have been entitled to invest under the Participation Right.

• For the avoidance of doubt, Company’s breach of its obligations with respect to the Participation Right will not be considered a Trigger Event (as defined in the Note) under the Note.

• If the Purchaser shall elect to exercise its Participation Right, it shall notify Company, in writing, of such election at least five business days prior to the anticipated closing date set forth in the FF Notice (the “Participation Notice”).

• Upon the request of a Participation Right Purchaser, and only upon a request by such Participation Right Purchaser, for a Subsequent Financing Notice, the Company shall promptly, but no later than one (1) Trading Day after such request, deliver a Subsequent Financing Notice to such Participation Right Purchaser.

• In the event the Purchaser does not return a Participation Notice to Company within such five-business day period, the Participation Right granted hereunder shall terminate and be of no further force and effect; provided, however, that such Participation Right shall be reinstated if the anticipated closing referenced in the FF Notice does not occur prior to ten business days following the anticipated first closing date specified in such FF notice.

More Definitions of Participation Right

Participation Right has the meaning given to such term in Section 8.1.

Participation Right has the meaning set out in Section 2.1(b);

Participation Right has the meaning set forth in Section 4.1.

Participation Right has the meaning respectively ascribed thereto in Section 5.5 and in Section 5.6;

Participation Right shall have the meaning set out in Section 2.2; “Parties” means the parties to this Agreement and “Party” means one of them;

Participation Right has the meaning given to that term set out in clause 5.2(a). Profit has the meaning given by the accounting standards that apply to the Authority under the Financial Accountability Act 2009.

Participation Right shall bear the meaning ascribed to it in Section 6.3(iv);