Examples of Triggering Party in a sentence
The failure of the Triggering Party to enter into such binding contract within the 180-day period referred to in the immediately preceding sentence, shall require the Triggering Party to again deliver to the Recipient Party a Transfer ROFO Notice and to again follow the procedures set forth in this Section 9.5.
The Sales Notice shall state the price (the "Total Price") at which the Triggering Party desires to sell the Subject Property(ies) and/or Subject Subsidiary(ies).
In the event that the Non-Triggering Party elects to exercise its option pursuant to either clause (i) or (ii) above, the Triggering Party shall be obligated to sell all of its Membership Interests to, or buy all of the Membership Interests of, the Non-Triggering Party, as the case may be.
Within 30 days after receipt of a Global Buy-Sell Notice, the Non-Triggering Party shall deliver to the Triggering Party an irrevocable binding notice (the “Global Election Notice”) specifying whether it elects to accept the Trigger Party’s Global Offer to Buy or Global Offer to Sell.
Within *** of the delivery of a Triggering Notice, the Responding Party shall deliver a written notice (the “Response Notice”) to the Triggering Party stating whether the Responding Party has elected: (i) to purchase the entirety of the Triggering Party’s equity interests in the Local Country JV Entities at the Per-Share Buy/Sell Price, or (ii) to sell the entirety of its equity interests in the Local Country JV Entities to the Triggering Party at the Per-Share Buy/Sell Price.