Reallocation Event definition

Reallocation Event means an event which causes an Unfunded L/C Obligation to cease to exist without becoming a Funded L/C Obligation, including the termination of a Letter of Credit without being drawn upon.

Reallocation Event means any event involving a reallocation of Och-Ziff Operating Group Units pursuant to the respective Och-Ziff Operating Group Agreements.

Reallocation Event means the acceleration of all or part of the Obligations.

Examples of Reallocation Event in a sentence

• Fund Reallocation Event Following the occurrence of a Fund Reallocation Event (as defined below), the Bank may, in its sole discretion, substitute units, shares or other securities of another mutual fund or investment fund or, for Reference Funds seeking to replicate an index, the relevant reference index to be replicated, if applicable, for the Reference Units as provided below.

• The underlying interest of Deposits linked to Funds will be subject to the adjustments provided hereunder.Fund Reallocation EventFollowing the occurrence of a Fund Reallocation Event (as defined below), the Bank may, in its sole discretion, substitute units, shares or other securities of another mutual fund or investment fund or, for Reference Funds seeking to replicate an index, the relevant reference index to be replicated, if applicable, for the Reference Units as provided below.

• Upon a Reallocation Event with respect to HLT stock or HGV stock, the Blackstone Representative, on the one hand, and the relevant Spinoff Party, on the other, shall use reasonable efforts to allocate the Reallocation Event Reduction to and reduce the Blackstone-HLT Percentage Shift Limit and/or HLT Percentage Shift Limit, or Blackstone-HGV Percentage Shift Limit and/or HGV Percentage Shift Limit, as applicable.

• Following the occurrence of a Reallocation Event on such Volatility Observation Date(t), the corresponding Target Reference Portfolio Allocation shall be equal to Target Exposure(t-1).

• Upon any Reallocation Event, the Reallocation Share Amount held by the Reallocation Group prior to giving effect to such Reallocation Event shall be automatically reallocated to the Continuing Initial Class B Shareholders on a pro rata basis among all such Continuing Initial Class B Shareholders, based on the number of Class B Shares held of record by each such Continuing Class B Shareholder as of the closing of the IPO.

More Definitions of Reallocation Event

Reallocation Event means, on Volatility Observation Date(t),

Reallocation Event means any Acquisition during the Restricted Period of the stock of a Spinoff Party (other than a Disposition or an Issuance) that could reasonably be viewed as increasing the ownership shift with respect to such Spinoff Party for purposes of Section 355(e) of the Code, taking into account any available safe harbors under Treasury Regulations Section 1.355-7 (and the amount of such increase, the “Reallocation Event Reduction”). This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and the Treasury Regulations promulgated thereunder and shall be interpreted accordingly by the Parties in good faith.

Reallocation Event has the meaning set forth in the Stockholders Agreement.

Reallocation Event means the events specified in Section 5(b)(i) and (ii) of this Schedule that trigger a Releverage or Deleverage, as applicable;

Reallocation Event means the occurrence of any event (as determined by the Administrative Agents acting in good faith) that results in the aggregate principal amount outstanding at such time of the Principal Property Secured Term Indebtedness being less than $900 million.

Reallocation Event means upon the declaration of the Calculation Agent of an Extraordinary Event (each a “Reallocation Event”) in respect of a Reference Fund (the “Affected Reference Fund”) the Calculation Agent, shall notionally liquidate all Fund Interest Units in the Reference Fund and use reasonable efforts to identify an alternative fund or basket of funds in substitution for the Affected Reference Fund (the “Successor Reference Fund”) and on the Redemption Payment Date, or as soon as practicable thereafter, the Calculation Agent shall, if a Successor Reference Fund has been identified, notionally invest the Removal Value in such Successor Reference Fund.

Reallocation Event. (a) an Acceleration Event and (b) after the occurrence of an Acceleration Event but before the effective date of any plan of reorganization confirmed in any case relating to the Company under Chapter 11 of the United States Bankruptcy Code, the expiration or cancellation of any undrawn Letter of Credit or any dishonor of any proposed drawing on any Letter of Credit, provided that for purposes of this clause (b), a Reallocation Event shall not be deemed to have occurred until 30 days after the date of expiration or cancellation of such Letter of Credit or until any dispute with respect to any such dishonor has been finally determined in favor of the propriety of such dishonor.