Repurchase Condition definition

Repurchase Condition has the meaning set forth in Section 4.6.
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Repurchase Condition. A "Repurchase Condition" will be deemed to occur (1) at any time after January 1, 2005 upon a written request from Holders of at least 50% of the outstanding Warrants and Warrant Shares, and (2) upon any full repayment of the indebtedness under the Loan Documents, and (3) upon the occurrence of any Event of Default under and as defined in the Credit Agreement, and (4) upon the execution of any definitive agreement by Company or holders of Capital Stock to engage in an Equity Disposition or a Non-Surviving Transaction (or any amendment thereto), and (5) upon any attempt by any Holder to exercise the Warrants in accordance with the terms hereof at a time when Company is legally, regulatorily or otherwise not authorized or permitted to issue the corresponding Warrant Shares, provided, however, that Company shall be permitted a reasonable period of time (not to exceed 30 calendar days) to prepare any state blue sky filings, information statements, Nasdaq listing applications or other necessary securities documents to procure the necessary private placement exemptions from registration and Nasdaq approvals in connection with any such exercise without a "Repurchase Condition" being deemed to have occurred.
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Repurchase Condition means, the occurrence of any of the following events or circumstances as determined by the Department in its sole, good faith discretion:
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Examples of Repurchase Condition in a sentence

  • If the Dealer determines that it has not received such amounts, the Swap Counterparty may exercise its option to terminate the Swap Agreement and the Issuer shall repurchase the Notes in accordance with the Repurchase Condition, which will lead to the termination of the Deposit Agreement.

  • Each such Repurchase Offer (among other things) shall indicate the date of occurrence of the relevant Repurchase Condition and shall provide a calculation of the Current Market Price per Warrant Share (together with a copy of documentation supporting such calculation).

  • If the Dealer determines that it has not received such amounts, the Swap Counterparty may exercise its option to terminate the Swap Agreement and the Issuer shall repurchase the Securities in accordance with the Repurchase Condition.

  • Within 30 calendar days following the occurrence of any Repurchase Condition, Company and each Borrower (jointly and severally) shall make a written offer (each, a "Repurchase Offer") to repurchase at the Repurchase Price up to all of the Warrant Shares and Warrants owned by each Holder.

  • Within 30 calendar days following the occurrence of any Repurchase Condition, the Company shall make a written offer (each, a "Repurchase Offer") to repurchase at the Repurchase Price (as defined below) any or all of the Warrant Shares and Warrants owned by each Holder at the election of each such Holder.

  • Within 30 calendar days following the occurrence of any Repurchase Condition, Company shall make a written offer (each, a "Repurchase Offer") to repurchase at the Repurchase Price up to all of the Warrant Shares and Warrants owned by each Holder.

  • Swap Counterparty optional termination - Repurchase (Condition 9(h)(ii)) Early Redemption Events:Applicable.

  • Prior to the service of an Enforcement Notice on any Interest Payment Date where the Repurchase Condition has not been met during the immediately preceding Calculation Period, the Class A3 Notes rank pro rata and pari passu without preference or priority among themselves in relation to payment of principal, but subordinate to the Class A2 Notes.

  • If the Dealer determines that it has not received such amounts, the Swap Counterparty may exercise its option to terminate the Swap Agreement and the Issuer shall repurchase the Notes in accordance with the Repurchase Condition, which will lead to the termination of the DepositAgreement.

  • The operational risk is supplemented by the Internal Control Function.


More Definitions of Repurchase Condition

Repurchase Condition. A "Repurchase Condition" will be deemed to occur (1) on February 28, 2002, and (2) on February 28, 2009, and (3) at any time after February 28, 2002, and prior to June 30, 2009 upon a written request from Holders of at least 50% of the outstanding Warrants and Warrant Shares, and (4) upon any full repayment of the indebtedness under the Loan Documents, and (5) upon the occurrence of any Event of Default under and as defined in the Credit Agreement.
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Repurchase Condition. A "Repurchase Condition" will be deemed to occur (1) at any time on or after December 31, 2006 upon a written request from Holders of at least 50% of the outstanding Warrants and Warrant Shares, OR (2) upon any full repayment of the indebtedness under the Loan Documents, OR (3) upon the occurrence of any Event of Default under and as defined in the Amended Credit Agreement, OR (4) upon the execution of any definitive agreement by the Company or holders of Capital Stock to engage in an Equity Disposition or a Non-Surviving Transaction (or any amendment thereto), OR (5) upon any attempt by any Holder to exercise the Warrants in accordance with the terms hereof at a time when the Company is legally, regulatorily or otherwise not authorized or permitted to issue the corresponding Warrant Shares in compliance with applicable law, including without the consent, approval or authorization of any governmental or regulatory authority, PROVIDED, HOWEVER, that the Company shall be permitted a reasonable period of time (not to exceed 30 calendar days) to prepare any state blue sky filings, information statements, Nasdaq listing applications, NASD listing applications for stocks listed on the OTC Bulletin Board or other necessary securities documents to procure the necessary private placement exemptions from registration and Nasdaq approvals (or other securities related approvals) in connection with any such exercise without a "Repurchase Condition" being deemed to have occurred.
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Repurchase Condition. A "Repurchase Condition" will be deemed to occur (1) on March 1, 2002, which is approximately 120 calendar days prior to the Maturity Date under the Credit Agreement (unless an Initial Public Offering, Surviving Public Combination, Non-Surviving Combination or complete Disposition shall have been consummated after the effective date.hereof and prior thereto), and (2) upon the occurrence of any Event of Default under and as defined in the Credit Agreement.
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Repurchase Condition has the meaning set forth in Section 7.1.
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Repurchase Condition means each of the following events:
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Related to Repurchase Condition

  • Release Condition means the following:

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.

  • Repurchase Offer shall have the meaning specified in Section 11.1(b).

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • these Conditions means the standard terms and conditions of purchase set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller;

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Early Preference Share Redemption Event means the event that occurs if:

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Automatic Early Redemption Event means that:

  • Repurchase Date has the meaning specified in Section 14.1.

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Redemption Event has the meaning set forth in Section 3.4.

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).