Call Option Triggering Event definition
Examples of Call Option Triggering Event in a sentence
A panel of three (3) independent third party firms each of which is either (i) a nationally-recognized investment banking firm or (ii) a nationally-recognized valuation firm (each a “Valuation Firm”) will be selected by Bluebird and Celgene as promptly as practicable in accordance with the procedures set forth below, but in no event more than five (5) calendar days after Celgene’s receipt of the Call Option Triggering Event Notice.
In the event that such Call Option Triggering Event occurring during the Call Option Period is a Bluebird Call Option Triggering Event, Bluebird will not commence a process intended to result in (or does result in) a Corporate Event until after delivery of the Call Option Triggering Event Notice to Celgene.
Notwithstanding any other provision of this Section 1.6, the Parties may at any time following Celgene’s receipt of the Call Option Triggering Event Notice and during the valuation process but prior to the Initial Valuation Determination Date or the Final Valuation Date, as applicable, engage in negotiations to determine a mutually-satisfactory Call Option Exercise Price.
In the event that, during the Call Option Period, a Call Option Triggering Event occurs, then Bluebird will give Celgene written notice of such Call Option Triggering Event (a “Call Option Triggering Event Notice”).
If SFL gives such a notice, the HLL Call Option shall be suspended, and SFL shall then have fifteen (15) days to address the situation giving rise to the Call Option Triggering Event.
If HLL desires to exercise the Call Option hereunder with respect to any MOA, it shall give written notice of exercise to SFL and Holdings identifying (i) the MOA to be assigned, (ii) the party to take the assignment of such MOA, (iii) the Call Option Triggering Event, and (iv) the anticipated delivery date of the Vessel under the MOA.
For 30 days after the delivery of the notice specified in Section 6.2(a), the Corporation will have the option to buy some or all of the Call Option Shares owned by the Shareholder to whom the Call Option Triggering Event occurred, at the price determined in accordance with Section 7 and on the terms and conditions set forth in Section 8.
If the Corporation obtains actual knowledge that a Call Option Triggering Event has occurred with respect to a Shareholder, the Corporation will promptly give each Shareholder a notice stating that the Call Option Triggering Event has occurred.
Upon the occurrence of a Put Option Triggering Event or a Call Option Triggering Event, the non-defaulting party shall be entitled to exercise the Put Option or Call Option (as the case maybe) immediately.
The Call Option may be exercised in respect of all (but not some only) of the Call Option Securities by sixty (60) days’ notice (the Exercise Notice) from the Purchaser to the Vendor given at any time after the occurrence of a Call Option Triggering Event or a Default Call Option Triggering Event.