Buy-Out Event definition

Buy-Out Event means any of the following events: (a) Codexis filing for bankruptcy or insolvency under Applicable Law (in which case the Buy-Out Event shall apply to all Codexis Enzymes which Codexis was supplying to Arch as of the date of such filing); (b) expiration (but not early termination) of the Term of this Agreement (in which case the Buy-Out Event shall apply only to the Codexis Enzyme(s) for which Codexis’ obligation to supply to Arch have expired); (c) failure by Codexis to supply Codexis Enzyme pursuant to the terms of this Agreement; and (d) Codexis determines that it is not commercially feasible to supply Codexis Enzyme in accordance with the terms of this Agreement (in which case the Buy-Out Event shall apply only to the Codexis Enzyme(s) which Codexis made such determination pursuant to Section 4.1(a)).
Buy-Out Event means, in relation to any party:
Buy-Out Event has the meaning set forth in Section 9.2.

Examples of Buy-Out Event in a sentence

  • For the avoidance of doubt, if a Certificate Buy-Out Event ceases to exist and another Certificate Buy-Out Event occurs and is continuing, the purchase rights set forth in this Section 6.01 shall be revived notwithstanding any exercise of such rights during the continuance of any preceding Certificate Buy-Out Event.

  • For the avoidance of doubt, if a Certificate Buy-Out Event ceases to exist and another Certificate Buy-Out Event occurs and is continuing, the purchase rights set forth in Section 6.01(a) shall be revived notwithstanding any exercise of such rights during the continuance of any preceding Certificate Buy-Out Event.

  • Initial fire response may include additional engines, a ladder, an ambulance, and battalion chief.

  • Certificate Buy-Out Event: Has the meaning specified in the Intercreditor Agreement.Certificateholder: Means, with respect to any Class of Certificates, the Person in whose name a Certificate is registered in the Register for the Certificates of such Class.Class: Has the meaning specified in the Intercreditor Agreement.

  • The Option shall expire in ninety (90) days from the day of occurrence of the Buy-Out Event unless Arch exercises its Option and makes the payment of the said consideration to Codexis within such ninety (90) day period.


More Definitions of Buy-Out Event

Buy-Out Event means any of the following events: (a) Codexis filing for bankruptcy or insolvency under Applicable Law (in which case the Buy-Out Event shall apply to all Codexis Enzymes (and the corresponding Products) which Codexis was supplying to Arch as [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. of the date of such filing); (b) Expiration (but not early termination) of the Term of this Agreement (in which case the Buy-Out Event shall apply only to the Codexis Enzyme(s) (and corresponding Product(s)) for which Codexis’ obligation to supply to Arch have expired); (c) failure by Codexis to supply Codexis Enzyme pursuant to Section 2.14 (in which case the Buy-Out Event shall apply only to the Codexis Enzyme(s) (and corresponding Products) which Codexis failed to supply pursuant to Section 2.14); and [*].
Buy-Out Event means: (a) a consolidation or merger of JetFax with or into any entity in which the holders of JetFax's outstanding shares immediately before such consolidation or merger do not, immediately after such consolidation or merger, retain stock representing a majority of the voting powers of the surviving entity; (b) the purchase of more than 50% of the fully diluted Common Stock of JetFax by a third party; or (c) the liquidation, dissolution or winding up of JetFax if Ailicec provides JetFax with written notice of its intent to treat such event as a Buy-Out Event within 30 days after JetFax notifies Ailicec of its intention to liquidate, dissolve or wind-up (provided that JetFax notifies Ailicec at least 30 days but no more than 60 days prior to its consummation of such transaction). The acquisition of substantially all of the assets of JetFax will be deemed a liquidation, dissolution or winding up of JetFax. If Ailicec does not elect to treat a liquidation, dissolution or winding up of JetFax as a Buy-Out Event, the Performance Preferred shall receive a liquidation preference equal to the Purchase Price plus accrued dividends reduced by the amount of the Purchase Price previously paid for the redemption of shares of Performance Preferred; the Performance Preferred shall not be entitled to any other proceeds other than such liquidation preference in the event of such liquidation, dissolution or winding up.
Buy-Out Event means any of the following: (a) NAL institutes or consents to any proceeding under Debtor Relief Laws relating to NAL or to all or any part of NAL’s property; (b) NAL is unable or admits in writing to the inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; (c) NAL applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer or for all or any part of its property; (d) NAL applies for or consents to liquidation or dissolution or all or substantially all of its property; (e) any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of NAL; (f) any proceeding under Debtor Relief Laws relating to NAL or to all or any part of its property is instituted; or (g) NAL is determined to be an Unsuitable Person and it fails to take the necessary steps to change such determination within twenty (20) days’ time.
Buy-Out Event means, with respect to each Unit Holder, the first to occur of the following:
Buy-Out Event means a CEB Buy-Out Event or a Company Buy-Out Event; "Buy-Out Price" means the price paid by the CEB to the Company upon transfer
Buy-Out Event means a CEB Buy-Out Event or a Company Buy-Out Event;
Buy-Out Event means any of the following events: (a) Codexis filing for bankruptcy or insolvency under Applicable Law (in which case the Buy-Out Event shall apply to all Codexis Enzymes (and the corresponding Products) which Codexis was supplying to Arch as of the date of such filing); [*]. [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.