Exercise Event Sample Clauses
An Exercise Event clause defines the specific circumstances or actions that trigger a party’s right to exercise an option or right under a contract. Typically, this clause outlines what constitutes an exercise event, such as the occurrence of a particular date, the fulfillment of certain conditions, or the delivery of a required notice. For example, in a financial contract, an exercise event might be the reaching of a maturity date or the achievement of a performance milestone. The core function of this clause is to provide clarity and certainty about when contractual rights can be activated, thereby reducing ambiguity and potential disputes between parties.
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Exercise Event. For purposes of the Agreement, the term "Exercise Event" shall mean the occurrence of any of the following events with respect to a Member:
Exercise Event. The term "Exercise Event" shall mean either of the following events or transactions occurring after the date hereof:
Exercise Event. If an Exercise Event (as defined in the Warrant Agreement) occurs with respect to a Member (the "Event Member"), the LLC shall be dissolved upon written notice (a "Termination Notice") by the Member other than the Event Member (also a "TO Member") of its desire to terminate the LLC, which notice shall be delivered, if at all, within sixty (60) days following the occurrence of the Exercise Event. Upon the delivery and receipt of the Termination Notice (the "Application Date"), the TO Member shall be entitled to receive a payment from the Event Member equal in amount to the Termination Transition Fee, which fee shall be payable within thirty days after the Applicable Date.
Exercise Event. The vested portion of this Option shall only become exercisable upon the occurrence of one of the following events (each individually an “exercise event”), whichever occurs first: (a) the Company undergoes a Change in Control as that term is defined in the Plan, (b) the Company completes an underwritten public offering of shares (“IPO”), or (c) nine (9) years from the Date of Grant.
Exercise Event. NAB may only deliver a Call Notice under clause 3.1 of this Schedule 8 upon the occurrence of an Exercise Event.
Exercise Event. The term “Exercise Event” is as defined in the Creditors’ Trust Equity Participation Plan.