Second Triggering Event definition

Second Triggering Event means either of the following events or transactions occurring after the date hereof: (i) the acquisition by any person of beneficial ownership of 20% or more of the then outstanding Common Stock; or (ii) the occurrence of the First Triggering Event described in paragraph (i) of the definition thereof, except that the percentage referred to in clause (y) of the definition of Acquisition Transaction shall be 20%.
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Second Triggering Event means the date on which the average reported last sale price of the Class A Ordinary Shares equals or exceeds $15.00 for any ten (10) trading days within any twenty (20) consecutive trading day period; provided, that, if, during the Earnout Period, the Company consummates a Change of Control (as defined in the Business Combination Agreement) pursuant to which the Company or any of its shareholders have the right to receive consideration implying a value of the Class A Ordinary Shares (as determined in good faith by the Board) of (A) less than $12.50 per share, then all Earnout Shares shall be deemed forfeited upon consummation of such Change of Control, (B) greater than or equal to $12.50 per share, then the First Triggering Event shall be deemed to have occurred and (C) greater than or equal to $15.00 per share, then both the First Triggering Event and the Second Triggering Event shall be deemed to have occurred;”
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Second Triggering Event means the declaration by the SEC of the effectiveness of a Registration Statement filed by the Corporation, permitting the Corporation to make a public offering and sale of its securities.
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Examples of Second Triggering Event in a sentence

  • If Hynix, Micron or Infineon, or the DRAM business of these companies, are acquired by another of these companies (or if a controlling interest of at least the DRAM portion one of these companies is acquired by another of these companies), then an agreement with the acquiring company to pay royalties for all DRAM Licensed Products that the acquiring company is shipping in volume shall satisfy the Second Triggering Event.

  • Employee shall be granted options to purchase 100,000 shares of the common stock of the Company at an exercise price equal to the fair market value on the date of grant when and if the net earnings of the Company on a fully diluted basis reach $0.80 per share in any consecutive twelve (12) month period ("Second Triggering Event").


More Definitions of Second Triggering Event

Second Triggering Event has the meaning set forth in Section 2.5(a)(ii).
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Second Triggering Event means if the volume weighted average closing price of a share of Class A Stock is greater than or equal to $15.00 over any 10 trading days within any 30 trading day period, but within the Earn-Out Period.
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Second Triggering Event means if the volume weighted average closing price of a share of Class A Stock is greater than or equal to
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Second Triggering Event means the declaration by the Commission of the effectiveness of a Registration Statement filed by the Corporation, permitting the Corporation to make a public offering and sale of its securities.
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Related to Second Triggering Event

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Triggering Events means each of the following events:

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Notice-triggering PI means the PI identified in CCC § 1798.29(e) whose 25 unauthorized access may trigger notification requirements under CCC § 1709.29. For purposes of this 26 provision, identity shall include, but not be limited to, name, identifying number, symbol, or other 27 identifying particular assigned to the individual, such as a finger or voice print, a photograph or a 28 biometric identifier. Notice-triggering PI includes PI in electronic, paper or any other medium.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Put Event means the occurrence of any of the following:

  • Put Option Event means a Change of Control Event.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Sporting event means any of the following athletic activities that is organized, operated, managed, or sponsored by the School:

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Company Termination Event means any of the following:

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Control Transaction means any of the following transactions or any combination thereof:

  • Change of Control means the occurrence of any of the following:

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.