Termination Triggering Event definition

Termination Triggering Event means there has been a failure by the Ceding Company to pay any undisputed Net Settlement amounts in accordance with Section 3.3(a) or Section 3.3(c) in an aggregate amount in excess of [***], and such breach has not been cured within ten (10) calendar days after notice thereof from the Reinsurer.
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Termination Triggering Event means, in respect of the Consultant, where the Consultant ceases to be engaged by the Corporation for one or more of the following reasons:
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Termination Triggering Event means there has been a failure by the Ceding Company to pay any undisputed amounts in accordance with the terms and conditions herein, and such breach has not been cured, by offset or otherwise, within thirty (30) calendar days after written notice thereof from the Reinsurer.
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Examples of Termination Triggering Event in a sentence

  • The first Valuation Date shall be the last day of the month in which the Termination Triggering Event occurs.

  • In the event Executive’s employment is terminated for any reason prior to a Change in Control, other than an Anticipatory Termination Triggering Event, Executive shall have no rights to any payments or benefits under this Agreement and after any such termination, this Agreement shall be of no further force or effect.

  • If the Termination Triggering Event occurs after a Deferral Termination Date but prior to the distribution of the In-Service Account balance, the vested balance of the In-Service Account shall be paid in a lump sum as provided in Section 5.08(b).

  • In the event Executive's employment is terminated for any reason prior to a Change in Control, other than an Anticipatory Termination Triggering Event, Executive shall have no rights to any payments or benefits under this Agreement and after any such termination, this Agreement shall be of no further force or effect.

  • Any Participant who is a Specified Employee as of his or her Termination Triggering Event (other than death), then, subject to any permissible acceleration of payment by the Committee under Treas.

  • A Participant may change his or her election as to the number of installment payments for the Termination Account; provided, however, that (A) a Participant is limited to one such changed election in any Plan Year, (B) such changed election, to be effective, must be filed with the Plan Administrator no less than thirteen (13) months prior to the Termination Triggering Event (as defined in Section 5.08(a)), and (C) a changed election, once effective, shall override all prior such elections.

  • If a Termination Triggering Event with respect to a Participant occurs prior to the Deferral Termination Date with respect to an In-Service Account of such Participant, the vested balance in such In-Service Account (the "Roll-Over Balance") shall automatically be rolled into the Participant's Termination Account and paid as provided in Section 5.08(a) in the number of installments applicable to the Termination Account.

  • If a Termination Triggering Event with respect to a Participant occurs prior to the Deferral Termination Date with respect to an In-Service Account of such Participant, the vested balance in such In-Service Account (the “Roll-Over Balance”) shall automatically be rolled into the Participant’s Termination Account and paid as provided in Section 5.08(a) in the number of installments applicable to the Termination Account.

  • If a Manager Termination Triggering Event has occurred (unless a majority in interest of the Common Members have elected waived such Manager Termination Triggering Event in writing) and a majority in interest of the Common Members elects to deliver a Termination Notice pursuant to Section 4.6, the provisions of this Section 4.7 shall apply.

  • Such election shall be made no later than the first anniversary of the Grant Date in accordance with procedures prescribed by the Committee; provided, however, that in the event vesting occurs before the first anniversary of the Grant Date under Paragraph 4 or under Paragraph 2 on account of an Anticipatory Termination Triggering Event, such election shall be made no later than the date of such Change of Control or ten days after such Anticipatory Termination Triggering Event, as applicable.

Related to Termination 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 any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

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

  • Initial Triggering Event means any 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.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • 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).

  • Terminating Event means any of the following events:

  • Triggering Events means Triggering Event I, Triggering Event II and Triggering Event III, collectively.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

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

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Event Termination Date See Section 2(e) hereof.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Early Termination Event has the meaning specified in Section 9.2.

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

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • 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.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.