There occurs a definition

There occurs a change in control." The term "change in control" means the first to occur of the following events:
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Examples of There occurs a in a sentence

  • There occurs a material decrease in the Client's net asset value (measured solely by reference to the assets held by or under the control of GTJAFX or its Affiliates and liabilities owed to GTJAFX or its Affiliates), as determined by GTJAFX in a commercially reasonable manner.

  • There occurs a change in control of the Corporation of a nature that would be required to be reported as such in response to Item 1(a) of the Current Report on Form 8-K pursuant to Section 13 of 15(d) of the Exchange Act, or any successor provision to such Item relating to a "change in control," or in any other filings under the Exchange Act.

  • There occurs a change in ownership of twenty-five percent (25.0%) or more of the voting securities of the Company, except as a result of the issuance of Company common stock.

  • There occurs a material adverse change in the business, assets or financial condition of any of the German Borrower, the Belgian Borrower or of the Group taken as a whole.

  • There occurs a material change in the content, composition, or constitution of the commodity as specified by the Relevant Exchange for determining the Reference Value of that Commodity.

  • There occurs a "Change in Control" as such term is defined on the date hereof in the Subordinated Notes Indenture.

  • There occurs a cash tender or exchange offer for shares of the Company, a merger or other business combination, or a sale of assets or a combination of the foregoing transactions, and as a result of or in connection with any such event persons who were members of the Board before the event shall cease to constitute a majority of the Board or of the board of directors of any successor to the Company.

  • There occurs a stoppage in reproduction and thus in the flow of circulation.

  • There occurs a material adverse change in Borrower’s financial condition, ability to operate, ability to perform its obligations under this Agreement, or in the value of any Collateral, or Client believes in good faith the prospect of payment or performance of the Obligations is impaired.

  • There occurs a default beyond any applicable grace or cure period on the part of the Borrower, any Guarantor or any of their respective Affiliates under any other note, loan agreement, security instrument or financial arrangement of any kind, whether now existing or subsequently entered into, with the Lender or any Affiliate of the Lender.

Related to There occurs a

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Potential Default means an event which but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Actionable Default means the occurrence of any of the following:

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Minor Default means any Event of Default that is not a Major Default.

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.