Removal Event has the meaning set forth in Section 12.12 hereof.

Removal Event has the meaning assigned to such term in Section 4.4.

Removal Event means the occurrence of any of the Buy-Sell Events set forth in Section 7.01 with respect to which the Operating Member is the Defaulting Member (regardless of whether Paladin, as the Non-Defaulting Member, exercises any of its rights under Article 7 in connection therewith). Any removal of Xxxxxxx Management as the Operating Member shall be effective upon the Effective Date of the Removal Notice relating to any Removal Event (or such later time as may be provided in the Removal Notice).

Examples of Removal Event in a sentence

In the event a Removal Event occurs but does not affect the Underlying Company Subject Matter (which shall be determined by the acceptance or approval by the relevant Cannabis Regulatory Body of either (i) the Affected Manager acting as a Manager or (ii) the Underlying Company Matter irrespective of the involvement of the Affected Manager), then the majority of the Managers who are not Affected Managers may waive the removal of the Affected Manager.
Whether a Removal Event has occurred and, if so, whether the Affected Manager may withdraw or recuse themselves from the Underlying Company Subject Matter instead of being removed shall be determined by a majority of the Managers who are not Affected Managers; provided, that before such Managers permit a recusal or withdrawal, they must first receive advice of Company’s counsel that recusal or withdrawal will have the same effect on the Underlying Company Subject Matter as removal would.

More Definitions of Removal Event

Removal Event is defined in Section 2.06(a).

Removal Event means the occurrence of any of the following events:

Removal Event means (a) the termination of the Clearing Member Agreement; (b) a materially false or misleading representation or warranty made by the Clearing Member to Eris Clearing under or in connection with any agreement between Eris Clearing and the Clearing Member; (c) the breach by the Clearing Member of the Rules or any of the terms or provisions of any agreement between Eris Clearing and the Clearing Member which is not remedied promptly after notice from Eris Clearing; (d) a material violation of the rules of the Exchange, or (e) a Default by the Clearing Member.

Removal Event has the meaning set forth in Section 6.1.

Removal Event has the meaning specified in the definition of “Syndicated Credit Agreement”.

Removal Event means: