Seller Share Event definition

Seller Share Event means the event which will occur if, on a Distribution Date, (i) the result of the calculation of the Current Seller Share for such Distribution Date would be equal to or less than the Minimum Seller Share for such Distribution Date (determined using the amounts of the Current Seller Share and Minimum Seller Share that would exist after making the distributions of Mortgages Trustee Principal Receipts due in that Distribution Date on the basis that the Cash Manager assumes that those Mortgages Trustee Principal Receipts are distributed in the manner described under the Mortgages Trustee Principal Priority of Payments set forth in Clause 11.1 of the Mortgages Trust Deed, and (ii) a Seller Share Event has not occurred on the immediately preceding Distribution Date;
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Seller Share Event means the event which will occur if, on a Distribution Date, (i) the result of the calculation of the Current Seller Share for such Distribution Date would be equal to or less than the Minimum Seller Share for such Distribution Date (determined using the amounts of the Current Seller Share and Minimum Seller Share that would exist after making the distributions of Mortgages Trustee Principal Receipts due in that Distribution Date on the basis that the Cash Manager assumes that those Mortgages Trustee Principal Receipts are distributed in the manner described under the Mortgages Trustee Principal Priority of Payments set forth in Clause 11.1 of the Mortgages Trust Deed), and (ii) a Seller Share Event has not occurred on the immediately preceding Distribution Date;
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Seller Share Event means the event which will occur if, on a Distribution Date, (i) the result of the
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Examples of Seller Share Event in a sentence

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  • Failure to cure a Seller Share Event within the Seller Share Event Cure Period shall result in a Pass-Through Trigger Event.

  • The Trust Property Cash Manager shall notify the Security Trustee, Rating Agencies and Issuer if a Seller Share Event occurs.


More Definitions of Seller Share Event

Seller Share Event means an event that will occur if, on a Distribution Date, (i) the result of the calculation of the Current Seller Share on that Distribution Date would be equal to or less than the Minimum Seller Share for such Distribution Date (determined using the amounts of the Current Seller Share and Minimum Seller Share that would exist after making the distributions of mortgages trustee principal receipts due on that Distribution Date on the basis that the Cash Manager assumes that those mortgages trustee principal receipts are distributed in the manner described under "- Mortgages trustee allocation and distribution of mortgages trustee principal receipts prior to the occurrence of a trigger event") in the prospectus, and (ii) a Seller Share Event has not occurred on the immediately preceding Distribution Date).
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Seller Share Event means an event that will occur if, on a Distribution Date, (i) the result of the calculation of the Current Seller Share on that Distribution Date would be equal to or less than the Minimum Seller Share for such Distribution Date (determined using the amounts of the Current Seller Share and Minimum Seller Share that would exist after making the distributions of mortgages trustee principal receipts due on that Distribution Date on the basis that the Cash Manager assumes that those mortgages trustee principal receipts are distributed in the manner described in the Mortgages Trust Deed, and (ii) a Seller Share Event has not occurred on the immediately preceding Distribution Date;
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Seller Share Event means, on a Trust Calculation Date which occurs whilst any Notes remain outstanding, the Seller Share on that Trust Calculation Date either is or would be equal to or less than the Minimum Seller Share for such Trust Calculation Date (determined, for the purposes of this calculation only, on the assumption that distributions of the Mortgages Trustee Available Principal Receipts due on the immediately following Distribution Date are made in accordance with the Mortgages Trustee Principal Priority of Payments as if no Seller Share Event had occurred).
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Seller Share Event means the event which will occur if, on a Distribution Date, (i) the Cash Manager calculates the Current Seller Share for such Distribution Date using the principal distribution rules which apply prior to the occurrence of a Trigger Event; (ii) the result of such calculation would be that the Current Seller Share for such Distribution Date would be equal to or less than the
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Seller Share Event means an event that will occur if, on a Distribution Date (i) the Cash Manager calculates the Current Seller Share for such Distribution Date in the manner described in the Mortgages Trust Deed; (ii) the result of such calculation would be that the Current Seller Share for such Distribution Date would be equal to or less than the Minimum Seller Share for such Distribution Date; and (iii) a Seller Share Event has not occurred on the immediately preceding Distribution Date.
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Related to Seller Share Event

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Time-share estate means a right to occupy a condominium unit or any of several condominium units during 5 or more separated time periods over a period of at least 5 years, including renewal options, coupled with a freehold estate or an estate for years.

  • VWAP Purchase Share Estimate means the number of shares of Common Stock that the Company has in its sole discretion irrevocably instructed its Transfer Agent to issue to the Buyer via the Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program in connection with a VWAP Purchase Notice pursuant to Section 1(c) hereof and issued to the Buyer’s or its designee’s balance account with DTC through its Deposit Withdrawal At Custodian (DWAC) system on the VWAP Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Company Shareholder means a holder of Company Shares.

  • Initial Shareholder means any beneficial owner of the Company’s unregistered securities.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Sold Shares shall have the meaning specified in Section 6.

  • Company Shares means the common shares in the capital of the Company;

  • Second Closing has the meaning set forth in Section 2.2.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Company Shareholders means holders of Company Shares.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Previously Acquired Shares means shares of Common Stock that are already owned by the Participant or, with respect to any Incentive Award, that are to be issued upon the grant, exercise or vesting of such Incentive Award.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of all outstanding classes or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its “affiliate” or “associate” (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its “affiliate” or “associate” as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Other Selling Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their Other Shares in certain registrations hereunder.