Change of Control Triggering Event definition
Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.
Change of Control Triggering Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
Change of Control Triggering Event means the occurrence of both a Change of Control and a Ratings Event.
Examples of Change of Control Triggering Event in a sentence
The Trustee shall not be responsible for monitoring the Company’s rating status, making any request upon any Rating Agency, or determining whether any Ratings Decline, Change of Control Triggering Event or redemption event has occurred.
In connection with any redemption of Notes (including with the net cash proceeds of an Equity Offering, Change of Control Offer, Asset Sale Offer or other transaction or event or otherwise), any such redemption may, at the Company’s discretion, be subject to one or more conditions precedent, including any related Equity Offering, Change of Control Triggering Event, Asset Sale or other transaction or event, as the case may be.
More Definitions of Change of Control Triggering Event
Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event. Notwithstanding the foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
Change of Control Triggering Event means the Notes are rated below Investment Grade by each of the Rating Agencies on any date during the period (the “Trigger Period”) commencing on the date of the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of that Change of Control (which Trigger Period shall be extended following consummation of a Change of Control for so long as any of the Rating Agencies has publicly announced that it is considering a possible ratings downgrade and the downgrade would result in a Change of Control Triggering Event). Unless at least two Rating Agencies are providing a rating for the Notes at the commencement of any Trigger Period, the Notes shall be deemed to be rated below Investment Grade by the Rating Agencies during that Trigger Period. Notwithstanding the foregoing, no Change of Control Triggering Event shall be deemed to have occurred in connection with (i) any particular Change of Control unless and until such Change of Control has actually been consummated or (ii) any reduction in rating if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, a Change of Control (whether or not the Change of Control shall have occurred at the time of the reduction in rating). In no event shall the Trustee be charged with the responsibility of monitoring the Company’s ratings.
Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Decline with respect to the Notes.
Change of Control Triggering Event means with respect to any Change of Control:
Change of Control Triggering Event means the occurrence of both a Change of Control and a Ratings Event. No Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event. “Code” means the Internal Revenue Code of 1986, as amended.
Change of Control Triggering Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. “Continuing Directors” means, as of any date of determination, any member of the Board of Directors of Mondelēz International who (i) was a