Rights Termination Date means the earliest to occur of (a) fifteen years following the Closing Date, (b) a Partnership Change of Control or (c) a termination of this Agreement pursuant to Section 6.4.
Rights Termination Date means the date on which the Corporation has a class of equity securities registered under Section 12(b) or Section 12(g) of the Exchange Act.
Rights Termination Date means the date on which the combined Value of the Series A Preferred Stock and the Value of the HP Conversion Shares held by the Rights Holders: (i) shall be less than $35,000,000 and (ii) shall cease to exceed 8% of the Equity Capitalization for a period of 30 consecutive trading days.
Examples of Rights Termination Date in a sentence
Until the Principal Rights Termination Date, the Corporation and the Board shall use their reasonable best efforts to ensure that at least two-thirds of the members of the Board shall qualify as Independent Directors.
The rights and obligations set forth in this Section 4 shall terminate automatically, without any action by any Stockholder, on the Tag-Along Rights Termination Date.
Any portion of the Wind-Down Payment that has not been expended by Merchant as of the Designation Rights Termination Date shall revert and be returned to Purchaser upon the dismissal or conversion of Merchant’s chapter 11 bankruptcy cases or the effective date of a plan of liquidation of Merchant.
Subject to Section 6.1(f), whenever the Shareholder shall have requested that any Registrable Shares be registered pursuant to Section 6.1 or Section 6.2, the Company shall use reasonable endeavors to effect, as soon as practicable as provided herein, the registration and sale of such Registrable Shares in accordance with the intended method or methods of disposition thereof, until the Registration Rights Termination Date.
From and after the Effective Date until the Voting Rights Termination Date, the parties hereto agree that no action shall be taken to increase or decrease the number of Directors except with the unanimous approval of the Board.
More Definitions of Rights Termination Date
Rights Termination Date means the earliest of (i) the eighth anniversary of the Closing Date, (ii) the first date upon which both of the following have occurred: (A) the Debt Termination Date and (B) the Equity Termination Date and (iii) the repayment in full of all amounts outstanding under the Notes, including all principal and any accrued and unpaid interest thereon.
Rights Termination Date the date on which the Investors and/or any transferees of the Notes collectively own, directly or beneficially, less than 25% of the Ordinary Shares or, if earlier, on which the Special Share is repurchased;
Rights Termination Date for the Investor means the earliest to occur of the following: (i) a transfer by any holder of Series C Preferred Stock (a) pursuant to any public offering or public sale of securities of the Company (including, without limitation, a public offering registered under the Securities Act and a public sale pursuant to Rule 144 under the Securities Act or any similar rule then in force), or (b) pursuant to a merger, consolidation or similar transaction involving the Company if, after either such transaction specified in (a) or (b), a Person or group of Persons (within the meaning of the Exchange Act) (other than the Xxxxxxxxx Funds and/or its Affiliates) in the aggregate would own beneficially or control more than 50% of the outstanding Voting Securities of the Company, the surviving corporation in such transaction or the parent thereof (provided that the transaction has been approved by the Company’s Board of Directors or a committee thereof), (ii) the fourth (4th) anniversary of the date of this Agreement, or (iii) (x) for Sections 2, 3,4 and 9 of this Agreement, the date on which the Investor no longer Beneficially Owns fifty percent (50%) of the Purchased Shares measured assuming that the Purchased Shares have been converted into shares of Company Common Stock, (y) for Section 5 of this Agreement, the earlier of the date on which the Secondary Financing is terminated prior to closing or the date on which the Investor no longer Beneficially Owns twenty-five percent (25%) of the Purchased Shares measured assuming that the Purchased Shares have been converted into shares of Company Common Stock, and (z) for Sections 6, 7, 8, 10, 11, 12, 13, 14, and 15 of this Agreement, the latter of (x) and (y) above.
Rights Termination Date shall have the meaning set forth in Section 13 hereof.
Rights Termination Date means the earliest to occur of the following: (i) a transfer by Investor of Series C Preferred Stock (a) pursuant to any public offering of securities of the Company (including, without limitation, a public offering registered under the Securities Act), (b) a public sale pursuant to Rule 144 under the Securities Act or any similar rule then in force, or (c) pursuant to a merger, consolidation or similar transaction involving the Company if, after any transaction specified in any of the foregoing clauses (a), (b) or (c) is consummated, a Person or group of Persons (within the meaning of the Exchange Act, other than the Xxxxxxxxx Funds and/or its Affiliates) would own beneficially or control, in the aggregate, more than 50% of the outstanding Voting Securities of the Company, the surviving corporation in such transaction or the parent thereof, as the case may be (provided that in the case of a transaction described in clause (a) or clause (c) above, the transaction has been approved by the Company’s Board of Directors or a committee thereof); (ii) the fourth (4th) anniversary of the date of this Amended Rights Agreement; (iii) (x) for Sections 2, 3, 4 and 9 of this Agreement, the Rights Termination Date will be the date on which the Investor no longer Beneficially Owns fifty percent (50%) of the Purchased Shares actually purchased by Investor, measured assuming that the Investors Series B Shares have been converted into shares of Company Common Stock, and (y) for Section 5 of this Agreement, the date on which the Investor no longer Beneficially Owns twenty-five percent (25%) of the Purchased Shares, measured assuming that the Investors Series B Shares have been converted into shares of Company Common Stock; provided, that Sections 6, 7, 8, 10, 11, 12, 13, 14, and 15 of this Agreement shall survive any termination of this Agreement.
Rights Termination Date has the meaning set forth in Section 6.4.7.
Rights Termination Date for the Investor means the earliest to occur of the following: (i) a transfer by any holder of Series C Preferred Stock (x) pursuant to any public offering or public sale of securities of the Company (including, without limitation, a public offering registered under the Securities Act and a public sale pursuant to Rule 144 under the Securities Act or any similar rule then in force), or (y) pursuant to a merger, consolidation or similar transaction involving the Company if, after such transaction, a Person or group of Persons (within the meaning of the Exchange Act) in the aggregate would own beneficially or control more than 50% of the outstanding Voting Securities of the Company, the surviving corporation in such transaction or the parent thereof (provided that the transaction has been approved by the Company’s Board of Directors or a committee thereof), (ii) the date on which the Investor no longer Beneficially Owns fifty percent (50%) of the Purchased Shares measured assuming that the Purchased Shares have been converted into shares of Company Common Stock or (iii) the fourth (4th) anniversary of the date of this Agreement.