Regulatory Trigger Date definition

Regulatory Trigger Date means the earlier of (a) obtaining the approval from the CPUC and PPUC of the right of the Public Limited Partners to elect members of the Board of Directors or (b) a determination by the Board of Directors, based on the advice of counsel, that the right of the Public Limited Partners to elect Public Directors does not require any such approval that has not been obtained.
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Regulatory Trigger Date has the meaning set forth in the MLP Agreement.
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Regulatory Trigger Date means the earlier of (a) obtaining the approval from the CPUC and PPUC of the right of the Public Limited Partners to elect members of the Partners GP Board or (b) a determination by the Partners GP Board, based on the advice of counsel, that the right of the Public Limited Partners to elect members of the Partners GP Board does not require any such approval that has not been obtained.
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Examples of Regulatory Trigger Date in a sentence

  • Until the Regulatory Trigger Date, the General Partner shall, and shall cause the Partnership to, use its commerically reasonable efforts to obtain the approval from the CPUC and PPUC of the right of the Public Limited Partners to elect Public Directors or to obtain reasonable assurances sufficient for the Board of Directors to make a determination that such approval is not required.

  • The Public Directors shall be divided into three classes, Class I, Class II, and Class III by majority vote of the Public Directors on or promptly after the Regulatory Trigger Date; provided, however, that if the Regulatory Trigger Date precedes the Effective Time or if the Effective Time occurs on the Regulatory Trigger Date, such vote of the Public Directors shall occur promptly following the Effective Time.

  • After the Regulatory Trigger Date, if a Holdco GP Director is removed or resigns pursuant to Section 16.1(b)(iv)(D) or (E), the number of Directors that shall constitute the whole Board of Directors shall automatically be reduced appropriately.