Triggering Transfer definition

Triggering Transfer means Lessor’s intended sale or other transfer of Lessor’s direct right, title and entire interest in any individual Occupied Building, in either case to any party other than a Permitted Lessor Transferee; provided, however, that neither (x) a sale or other transfer of Lessor’s direct right, title or interest in the entirety of Levi’s Plaza, or (y) a sale or other transfer of Lessor’s indirect interest through any sale or transfer of anything less than the entirety of the beneficial interest in Lessor, shall be nor be deemed to be a Triggering Transfer, or (z) a sale or other transfer of all or any portion of Lessor’s interest in Levi’s Plaza (including, without limitation, all or any portion of any Occupied Building) to a Permitted Lessor Transferee.
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Triggering Transfer shall have the meaning ascribed to such term in Subsection 9.4(b).
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Triggering Transfer has the meaning given to it in paragraph 1.12 of schedule 4 (Secretary of State Transfers); and
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Examples of Triggering Transfer in a sentence

  • Subject to the terms and conditions set forth in this Paragraph 17, upon a Triggering Transfer (as defined in Paragraph 17(a)(v) below), Lessee shall have a recurring right of first offer (“Purchase ROFO”) with respect to the applicable Offered Building (as defined Paragraph 17(b) below).

  • Notwithstanding the foregoing, any Transfer of Partnership Interests in an IPO or any public offering after an IPO shall not constitute a Triggering Transfer.

  • Further, if a Triggering Transfer described under Section 16.3 hereto with respect to the Managing Member occurs, the Investor Member shall, within ninety (90) days after such Triggering Transfer, be permitted to make a Buy-Sell Offer as provided in the preceding sentence.

  • If the effect of any proposed bona fide arm's length Transfer of any Junior Capital to a third party by any Private Sector Shareholder (the "Selling Shareholder") would result TTT GSP – Shareholders Direct Agreement Schedule 4 – Secretary of State Transfers in granting such third party a Controlling Interest (the "Triggering Transfer"), the Selling Shareholder shall serve a Sale Notice in accordance with paragraph 1.13.

  • The Put Notice shall contain (i) a certification that a Triggering Transfer has been consummated, (ii) a written statement that Owner Member is exercising the Put Option under this Section 11.2(c) and (iii) Owner Member’s determination of the fair market value of the Property and the calculation of the Put Price, accompanied by a statement showing the calculation thereof in reasonable detail.

  • The only outstanding issue is how much compensation FGT owes for the easement(s).

  • Nothing in this Article 3, including, without limitation, the occurrence of a Triggering Use or Triggering Transfer shall void, nullify or otherwise have an effect on the releases granted to Current Owner under Paragraphs 1.3 and 2 hereof.

  • According to Rabindra Seth, the tourism evolved itself as a major industry listed for prioritization of foreign investments.

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  • The Regents and the Successor Agency shall be subject to the provisions Sections 14.1, 14.2 and 14.7 of the South OPA in connection with any Triggering Transfer.


More Definitions of Triggering Transfer

Triggering Transfer has the meaning set forth in Section 16.3 hereof.
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Related to Triggering Transfer

  • Non-Transfer Event means any event or other changes in circumstances other than a purported Transfer, including, without limitation, any change in the value of any Shares.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Subsequent Transfer Instrument: Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit I, by which Subsequent Loans are transferred to the Trust Fund.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Exempt Transfer means, in relation to shares held by a member:

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit Q hereto, executed and delivered by and among the Depositor, DLJMC and the Trustee and acknowledged by the Servicers, as provided in Section 2.01 hereof.

  • Signaling Transfer Point (“STP”) means a signaling point that performs message routing functions and provides information for the routing of messages between signaling points within or between CCIS networks. A STP transmits, receives and processes CCIS messages.

  • Transfer Notice Date has the meaning given to it in Section 2.06.

  • Drag-Along Transaction has the meaning set forth in Section 4(d)(i) of the Stockholder Agreement.

  • Servicing Transfer Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Proposed Transfer means any assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering of any Transfer Stock (or any interest therein) proposed by any of the Key Holders or Investors.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Excluded Transfer means any transfer of VMTP Shares (1) to a tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with applicable securities laws.