Examples of Unwinding Event in a sentence
Notwithstanding the foregoing, the provisions of this Section 7.03(b) will not be applicable if, prior to any Transfer, the initial transferor Member receives from the Permitted Transferee its agreement not to undertake any actions that would be reasonably likely to result in an Unwinding Event.
Notwithstanding the foregoing, the provisions of this Section 8.03(b) will not be applicable if, prior to any Transfer, the initial transferor Member receives from the Permitted Transferee its agreement not to undertake any actions that would be reasonably likely to result in an Unwinding Event.
However, if RG Closing for RG1 SPV has occurred prior to the occurrence of an Unwinding Event, then unwinding with respect to RG1 SPV shall not be permitted in any event.
If an Unwinding Event has occurred, each Seller may exercise its Unwinding Option by providing written notice (the “Unwinding Notice”) to the Purchaser within 30 days of the earlier of (a) the date of such Seller’s receipt of the Unwinding Event Notice and (b) the date such Seller actually becomes aware of the occurrence of an Unwinding Event.
The Purchaser shall provide written notice (the “Unwinding Event Notice”) to each Seller of whether an Unwinding Event has occurred within 15 business days of the relevant Unwinding Event Deadline Date.