Triggering Transaction definition

Triggering Transaction means (i) a Change in Control of Xxxxxxxx, or (ii) a Disposition of the Operating Line of Business.

Triggering Transaction means (i) a Change in Control of the Company or (ii) a Disposition of a Major Part of two or more of the Company's Operating Lines of Business.

Triggering Transaction means any of the transactions described in clause (A), (B) (in the event the transaction involves all or substantially all of the consolidated assets of the Company and its Subsidiaries), or (D) (in the event the 25% threshold is reached without including in the Shares of which beneficial ownership was acquired those Shares that immediately prior to the transaction were Parent Shares or Shares held by controlling persons of Parent) of the definition of the term "Takeover Proposal" with any Person other than Parent or any of its Affiliates, which either (a) provides that each Share (excluding Parent Shares or Shares held by affiliates of Parent) that is purchased or otherwise acquired or exchanged in connection with such transaction will receive consideration having a value at the time of the consummation of such transaction equal to or greater than the Merger Consideration or (b) was proposed to the Company, or publicly disclosed, prior to the termination of this Agreement.

Examples of Triggering Transaction in a sentence

• If the Seller or AI India enters into discussions with any third party in connection with a Triggering Transaction or a Joint Venture Transaction, the Seller shall within five (5) Business Days provide US Buyer with the latest unaudited quarterly financial statements (comprising the balance sheet, profit and loss accounts, and cashflow statement) of AI India.

• For the avoidance of doubt, the Junior Holders’ rights to their respective pro rata share of the Aggregate Consideration in excess of the Sharing Cap that they are entitled to receive under the Charter Documents in connection with the consummation of the Triggering Transaction are not reduced or otherwise modified by this Agreement.

• This Agreement shall only become effective contingent and effective upon the closing of a Triggering Transaction; provided, however, this Agreement shall terminate immediately without further action, notice or deed, if the Merger Agreement and any Alternative Acquisition Agreement, as applicable, have been terminated in accordance with their terms.

More Definitions of Triggering Transaction

Triggering Transaction means a transaction that would, if consummated, result in the issuance of Consideration Securities.

Triggering Transaction means a Change of Control of the Company.

Triggering Transaction means a subscription for equity securities issued by the Company to one or more financial or strategic investors (including but not limited BCP, an affiliate of BCP, or its designated nominee), in one or a series of transactions, in which the aggregate subscription amount for the equity securities issued is no less than $100,000,000;

Triggering Transaction means each of the following: (i) any Transfer, in a single transaction or a series of transactions, of 50% or more of the shares of AI India; (ii) any Transfer of a majority of the assets of AI India (excluding any sale of any real property (including fixtures and fittings) owned by AI India); or (iii) any Transfer in a single transaction or a series of transactions whereby the Seller or an Affiliate of the Seller: (a) ceases to own or control (directly or indirectly) shares or other interests in AI India carrying 50% or more of the votes exercisable at general meetings of AI India on all, or substantially all, matters or (b) ceases to have the right to appoint or remove directors of AI India having a majority of the voting rights exercisable at meetings of the board of directors of AI India on all, or substantially all, matters; in either case regardless of whether such Transfer is to be implemented by way of merger, consolidation, recapitalization or other form of disposal or business combination or a solvent arrangement instigated or commenced by the member(s) of AI India with creditors or shareholders (other than members of the Retained Group).

Triggering Transaction has the meaning set forth in Section 15(b)(v).

Triggering Transaction means any applicable Takeover Proposal, or series of related transactions that together constitute a Takeover Proposal.

Triggering Transaction means a bona fide equity or equity linked capital raising transaction by the Company with a Counter Party in which $3 million or more is invested into the Company, either in one or a series of related transactions.