Participation Rights definition

Participation Rights or "Put" provisions set forth in the Securityholders Agreement, or (C) a Sale of the Company (as defined in the Securityholders Agreement) (each of (A), (B), and (C), an "Exempt Transfer").

Participation Rights means a contractual right pursuant to the Plan entitling the holder of an Allowed Claim against an MCI Subsidiary to a potential payment up to the amount of such holder’s Allowed Claims against the applicable MCI Subsidiary on or following the Effective Date.

Participation Rights means the Bank Savings Participation Rights and/or the Insurance Savings Participation Rights.

Examples of Participation Rights in a sentence

• In the event that the Company proposes to undertake an issuance of New Securities (in a single transaction or a series of related transactions), it shall give to each Participation Rights Holder written notice of its intention to issue New Securities (the “First Participation Notice”), describing the amount and type of New Securities, the price and the general terms upon which the Company proposes to issue such New Securities.

• In the event that the Company has not issued and sold such New Securities within such ninety (90) day period, then the Company shall not thereafter issue or sell any New Securities without again first offering such New Securities to the Participation Rights Holders pursuant to this Section 3.

• In the event that the Company proposes to undertake an issuance of New Securities in a single transaction or a series of related transactions, it shall give to each Participation Rights Holder a written notice of its intention to issue New Securities (the “First Participation Notice”), describing the amount, the type and the price of New Securities and the general terms upon which the Company proposes to issue such New Securities.

• If any Participation Rights Holder fails to so agree in writing within the First Participation Period to purchase such Participation Rights Holder’s full Pro Rata Share of an offering of such New Securities, then such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro Rata Share of such New Securities that it did not agree to purchase.

• A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

More Definitions of Participation Rights

Participation Rights shall have the meaning set forth in Section 5.4(b).

Participation Rights means a contractual right pursuant to the Plan entitling the holder of an Allowed Claim against a MCI Subsidiary to a potential payment up to the amount of such holder’s Allowed Claims against the applicable MCI Subsidiary on or following the Effective Date.

Participation Rights means and refer to any and all benefits, rights, credits, offsets or other privileges or entitlements which may be utilized by Participants in conjunction with the RHCP ITP. This assignment is expressly made subject to the provisions and requirements of the Endangered Species Act of 1973, as amended, 16 U.S.C. § 1531, et seq.; Title 50 of the Code of Federal Regulations, including Parts 13, 17, and 21; the ITP; and the Comal County RHCP as provided by the ITP and including the conditions and requirements provided in the RHCP dated April 23, 2010.

Participation Rights means any and all present and future rights (vorderingen) of the CBC vis-à-vis a Savings Participant under or in connection with the Savings Participation Agreements;

Participation Rights means participation certificates (Partizipationsscheine) and profit sharing certificates (Genussscheine) within the meaning of articles 656a et seq. and articles 657 CO of the Company to be issued in the future. Party means any party of this Agreement. Pledge shall have the meaning set forth in Article 2.1.

Participation Rights has the meaning set forth in Section 2.8(a).

Participation Rights means the right of each share of Participating Preferred Stock to participate with the Company Common Stock on an as-converted basis and receive the Per Share Common Merger Consideration.