Competitive Interest definition

Competitive Interest means a direct or indirect equity interest in a Competitor.
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Competitive Interest with respect to a party shall mean the party holds more than 50% of all of the voting stock of, or a partner, member, director, stockholder or employee of it or an affiliate of it serves as a director, manager or board observer of, or has contractual rights to appoint a member of the board of directors (or other governing body) of a company that is competitive with the Company in the foot and ankle orthopedic industry.
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Examples of Competitive Interest in a sentence

  • Each Competitive Bid Request shall specify (x) the proposed Borrowing Date for the Competitive Bid Loans then being requested (which shall be a Domestic Business Day) and the aggregate principal amount thereof and (y) the Competitive Interest Period or Interest Periods (which shall not exceed ten different Interest Periods in a single Competitive Bid Request), with respect thereto (which may not end after the Domestic Business Day immediately preceding the Commitment Termination Date).

  • The aggregate Portions of Competitive Bid Loans for any or all Competitive Interest Periods offered by each Lender in its Competitive Bid may exceed the Maximum Request contained in the relevant Competitive Bid Request, provided that each Competitive Bid shall set forth the maximum aggregate amount of the Competitive Bid Loans offered thereby which the Borrower may accept (the "Maximum Offer"), which Maximum Offer shall not exceed the Maximum Request.

  • If the Borrower accepts any Competitive Bid Loans or Portion offered in any Competitive Bid, the Borrower must accept Competitive Bids (and Competitive Bid Loans and Portions thereby offered) based exclusively upon the successively lowest Bid Rates within each Competitive Interest Period and no other criteria.

  • Each Competitive Bid Request shall specify (x) the proposed Borrowing Date for the Competitive Bid Loans then being requested (which shall be a Domestic Business Day) and the aggregate principal amount thereof and (y) the Competitive Interest Period or Competitive Interest Periods (which shall not exceed ten different Interest Periods in a single Competitive Bid Request), with respect thereto (which may not end after the Domestic Business Day immediately preceding the Commitment Termination Date).

  • Notwithstanding anything contained herein to the contrary, (1) not more than three Competitive Interest Periods may be requested pursuant to any Competitive Bid Request and (2) not more than five Competitive Bid Loans may be outstanding at any one time.

  • Each Competitive Bid Loan Bid Rate applicable thereto for the applicable Competitive Interest Period.

  • The outstanding principal balance of each Competitive Bid Loan shall be due and payable on the earlier to occur of the last day of the Competitive Interest Period applicable thereto and the Business Day immediately preceding the Revolving Credit Maturity Date.

  • Each Competitive Bid Loan shall be due and payable on the earlier of (i) the last day of the Competitive Interest Period applicable thereto and (ii) the Maturity Date.

  • The Commonwealth would like BOEM to move forward with the research lease process, specifically the Request for Competitive Interest, as expeditiously as possible to ensure the VOWTAP project can meet the DOE’s timeline.

  • Each Competitive Bid Re- quest shall specify (x) the proposed Borrowing Date (which shall be a Business Day) for the Competitive Bid Loans being requested and the aggregate principal amount thereof and (y) the Competitive Interest Period or Interest Periods (which shall not exceed four different In- terest Periods in a single Competitive Bid Request), with respect thereto.