First Trigger Event definition

First Trigger Event means the occurrence of any of the following events:

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First Trigger Event means a Liquidation Event or an Exit Event which results in distributions on the Series B Units, Series C Units and Series D Units in accordance with Section 6.1(c) of the LLC Agreement equal to or in excess of $100,000,000.

First Trigger Event means the first date on which the Privet Group, together with its Affiliates, do not own, in the aggregate the First Trigger Percentage.

Examples of First Trigger Event in a sentence

The Initial Conditional Tender Offer would commence within 30 days of the end of the calendar month in which the First Trigger Event occurs.
The Initial Conditional Tender Offer would commence within twenty (20) business days of the date on which the First Trigger Event occurs.
Except pursuant to the Merger, from and after the date of this Agreement and prior to the earlier of the Effective Time and the termination of this Agreement pursuant to Article 7, Parent and its Subsidiaries (including Merger Sub) and Parent’s Affiliates shall not acquire, directly or indirectly, any Shares, except to the extent that such acquisition of Shares is permitted under the Confidentiality Agreement in connection with a First Trigger Event (as defined therein).
On the First Anniversary of the Date Hereof One Third (33.33%) On the Second Anniversary of the Date Hereof One Third (33.33%) On the Third Anniversary of the Date Hereof One Third (33.34%) provided, however, that to the extent not already vested in accordance with the vesting schedule set forth above, all of the Unvested Series D Units will become Vested Series D Units upon the occurrence of a First Trigger Event.
All Maintenance Reserves received by the Borrower, each Sub-Borrower and each Intermediate Lessee after the occurrence of a First Trigger Event shall be paid into the relevant Maintenance Reserve Account.
If an S&P First Trigger Event occurs with respect to each Relevant Entity, Party A shall within 10 Local Business Days (plus an additional 10 Local Business Days if, before the initial 10 Local Business Days expire, Party A provides to S&P a written proposal regarding the remedy) of the occurrence of such S&P First Trigger Event, and at its sole expense, post Eligible Collateral for the benefit of Party B in the amount and on the terms then applicable under the Credit Support Annex.
If, during such period, the Fund’s common shares trade at an average discount to NAV of more than 7.5% (based upon the average of the difference between its volume-weighted average market price and NAV each business day during the period) (“First Trigger Event”), the Fund will conduct an additional tender offer (the “Initial Conditional Tender Offer”) within 20 business days of the date on which the First Trigger Event occurs.
Mortgage participation certificates issued by FHLMC evidencing 81.9 % 81.9 % 86.4 % 69.12 % Valuation Percentage:* ▇▇▇▇▇’▇ First Trigger Event ▇▇▇▇▇’▇ Second Trigger Event S&P Approved Ratings Downgrade S&P Required Ratings Downgrade undivided interests or participations in pools of first lien conventional or FHA/VA residential mortgages or deeds of trust, guaranteed by FHLMC, and having a remaining maturity of not more than 30 years.
For the avoidance of doubt, the vesting of Unvested Series D Units as a result of the First Trigger Event shall be an Anti-Dilution Event (as defined in the LLC Agreement) which results in the issuance of Additional Series B Units under the Section 5.6 of the LLC Agreement.
For the avoidance of doubt, the vesting of Unvested Series D Units as a result of the First Trigger Event shall be an Anti-Dilution Event (as defined in the LLC Agreement) which results in the issuance of Additional Series B Units under the Section 5.4 of the LLC Agreement.

More Definitions of First Trigger Event

First Trigger Event means the senior unsecured indebtedness obligations of the Guarantor being rated below A- if and as rated by Standard & Poor's Corporation or A3 if and as rated by ▇▇▇▇▇'▇ Investor Service, Inc., or an equivalent by an alternative service of equivalent recognition (if neither Standard & Poor's Corporation nor ▇▇▇▇▇'▇ Investor Service, Inc. has assigned any rating).

First Trigger Event means the long term debt obligations of the Guarantor being rated below A- if and as rated by Standard & Poor's Corporation or A3 if and as rated by Mood▇'▇ ▇▇▇estor Service, Inc., or an equivalent by an alternative service of equivalent recognition (if neither Standard & Poor's Corporation nor Mood▇'▇ ▇▇▇estor Service, Inc. has assigned any rating);

First Trigger Event shall have the meaning set forth in Section 11.04.

First Trigger Event means the long term debt obligations of the Guarantor being rated below A- if and as rated by Standard & Poor's Corporation or A3 if and as rated by Moody's Investor Service, Inc., or an equivalent by an alternative service of equivalent recognition (if neither Standard & Poor's Corporation nor Moody's Investor Service, Inc. has assigned any rating).

First Trigger Event has the meaning specified in Section 2.4(b) of this Agreement.

Related to First Trigger Event

Trigger Event shall have the meaning specified in Section 14.04(c).

Related to First Trigger Event

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