Redemption Triggering Event definition

Redemption Triggering Event means (i) the institution against the Corporation of any proceedings under the United States Bankruptcy Code or any other federal or state bankruptcy, reorganization, receivership, insolvency or other similar law affecting the rights of creditors generally, which proceeding is not dismissed within thirty (30) days of filing or (ii) the institution by the Corporation of any proceedings under the United States Bankruptcy Code or any other federal or state bankruptcy, reorganization, receivership, insolvency or other similar law affecting the rights of creditors generally or the making by the Corporation of a composition or an assignment or trust mortgage for the benefit of auditors.
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Redemption Triggering Event means any of the following events: (i) the Maturity Date (as defined in the Series C Designations) of the Series C Preferred Stock or (ii) any Redemption Event (as defined in the Series C Designations) which triggers the Corporation’s obligation to redeem any shares of Series C Preferred Stock pursuant to the applicable provisions of the Series C Designations.
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Redemption Triggering Event means any of the following: (a) the sale by the Corporation or its stockholders of shares of Common Stock or other Equity Interests pursuant to a registration statement that is filed and declared effective under the Securities Act (other than a registration statement on Form S-8 or any successor form thereto); or (b) a Change of Control.
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Examples of Redemption Triggering Event in a sentence

  • Notwithstanding the foregoing to the contrary (except in the case of a redemption of Equipment Notes with respect to which an Optional Redemption Triggering Event shall have occurred) Borrower may not redeem all or any part of any Equipment Note prior to the third (3rd) anniversary of the Closing Date.

  • Within two (2) Business Days after the occurrence of any Holder Optional Redemption Triggering Event, the Company shall deliver written notice thereof via facsimile and overnight courier ("Notice of Holder Optional Redemption Triggering Event") to each Holder.

  • The Paying Agent shall apply any amount of Escrow Property received by the Escrow Agent following a Mandatory Redemption Triggering Event to pay the Special Mandatory Redemption Price for all then outstanding Notes on the Special Mandatory Redemption Date and then any excess funds shall be returned by the Paying Agent to the Escrow Issuer.

  • Notice of Special Mandatory Redemption shall be mailed, with a copy to the Trustee, no later than five Business Days following the Special Mandatory Redemption Triggering Event (a “Special Mandatory Redemption Notice”).

  • In the event of any Holder Optional Redemption Triggering Event and after thirty (30) days have elapsed since such Holder Optional Redemption Triggering Event (the "Company Optional Redemption Date"), the Company may redeem all, but not less than all, of the outstanding Preferred Shares (a "Company Optional Redemption") at any time upon not less than ten (10) days prior written notice to each Holder (the "Company Optional Redemption Deadline").

  • The Issuer shall cause the notice of Special Mandatory Redemption to be sent, with a copy to the Trustee, electronically or by first-class mail, within five Business Days after the occurrence of the Special Mandatory Redemption Triggering Event to each Holder to the address of such Holder appearing in the Registrar’s books or otherwise in accordance with the Applicable Procedures of the Depositary, and will redeem the Notes on the Special Mandatory Redemption Date.

  • Notice of redemption shall be mailed, with a copy to the Trustee, no later than five (5) Business Days following the Special Mandatory Redemption Triggering Event, to each Holder of such Notes at its registered address (a “Special Mandatory Redemption Notice”).

  • In the event of any Holder Optional Redemption Triggering Event and after thirty (30) days have elapsed since such Holder Optional Redemption Triggering Event (the “Company Optional Redemption Date”), the Company may redeem all, but not less than all, of the outstanding Preferred Shares (a “Company Optional Redemption”) at any time upon not less than ten (10) days prior written notice to each Holder (the “Company Optional Redemption Deadline”).

  • Notice of redemption shall be mailed, with a copy to the Trustee, no later than five (5) Business Days following the applicable Special Mandatory Redemption Triggering Event, to each Holder of such SMR Notes at its registered address (a “Special Mandatory Redemption Notice”).

  • To exercise its right to redeem this Warrant, the Company must within five (5) business days of a Redemption Triggering Event give written notice to the Holder specifying (a) the date fixed for redemption (the “Redemption Date”), which may be a date not less than fifteen (15) days from the date the notice is delivered and (b) the place where this Warrant Agreement shall be delivered.


More Definitions of Redemption Triggering Event

Redemption Triggering Event means the Corporation's failure or refusal to convert any shares of Preferred Stock in accordance with the terms hereof, or the providing of written notice to such effect;
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Redemption Triggering Event means any of the following events: (i) the Maturity Date (as defined in the Series C2 Designations) of the Series C2 Preferred Stock or (ii) any Redemption Event (as defined in the Series C2 Designations) which triggers the Corporation’s obligation to redeem any shares of Series C2 Preferred Stock pursuant to the applicable provisions of the Series C2 Designations.
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Redemption Triggering Event has the meaning set forth in Section 6.12(a)(iv).
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Redemption Triggering Event means (a) the date that Fairfax or ▇▇▇▇ & ▇▇▇▇▇▇▇ Holdings Corp. delivers written notice to the Trustee that Fairfax does not intend to refinance the Credit Agreement or to pursue an amendment or waiver permitting ▇▇▇▇ & ▇▇▇▇▇▇▇ Holdings Corp. to complete the Assumption, that ▇▇▇▇ & ▇▇▇▇▇▇▇ Holdings Corp. does not intend to complete the Assumption, or that the Assumption will otherwise not occur prior to August 29, 2003 or (b) August 29, 2003, if the Assumption is not consummated by August 29, 2003.
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Redemption Triggering Event has the meaning ascribed to it in Section 6.1 of this Agreement.
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Redemption Triggering Event means (i) a Public Equity Offering; or (ii) the receipt by the Issuers or any of their Restricted Subsidiaries of Excess Mall Proceeds.
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Related to Redemption Triggering Event

  • Redemption Event has the meaning set forth in Section 3.4.

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.