CVR Payment Event definition

CVR Payment Event means the entry by Buyer or any of its subsidiaries into a license or sale agreement related to DARA, or any other agreement for the development, marketing or sale of DARA, or any option to enter into any such agreements, with any third party, other than Xxxxxxx-Xxxxx Squibb Company or any of its Affiliates, on or prior to December 31, 2011.
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CVR Payment Event means, as applicable, (a) the receipt by Parent (or its successors or assigns) of a Milestone Payment related to a Milestone Achievement Event that occurred during the CVR Achievement Period or (b) the Achievement Event under the Facet Agreement as set forth and described on Annex A.
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CVR Payment Event means any exchange, redemption, repurchase, prepayment or similar event by the Company on account of, or with respect to, the Notes held by any Non-Tendering Holder prior to the applicable Termination Date and which results in aggregate cash or non-cash payments to such Non-Tendering Holder having a fair market value (as set forth in the definitive agreement executed by the Company and the other parties in connection with the CVR Payment Event) in excess of the sum of (a) $180, (b) the lower of (i) $170 and (ii) the Exchange Issuance Price (as defined below) and (c) the amount of any prior CVR Payment Amounts paid to a Holder for each $1,000 of aggregate principal amount outstanding of the Notes tendered by such Non-Tendering Holder, other than an exchange, redemption, repurchase or payment made solely as a result of a Designated Event (as defined in the Indenture). For purposes of this definition, notwithstanding the definition of Designated Event (as set forth in the Indenture), a Change in Control (as defined in the Indenture) that occurs on or prior to the date that is three (3) months after the Closing Date shall be deemed a CVR Payment Event hereunder.
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Examples of CVR Payment Event in a sentence

  • For clarity, if the Third CVR Payment Event occurs before the end of the Calendar Quarter ending December 2015, CVR holders will be entitled to receive the CVR Payment Amounts relating to both the Second CVR Payment Event and the Third CVR Payment Event.

  • Until such Achievement Certificate is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that a General CVR Payment Event has not occurred.

  • Until such Achievement Certificate is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that a Roche CVR Payment Event has not occurred.

  • Until such Achievement Certificate is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that a Glucagon CVR Payment Event has not occurred.

  • Until such CVR Payment Certificate is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that a CVR Payment Event has not occurred.

  • The Rights Agent shall have no duty or obligation to verify or confirm the accuracy, validity or sufficiency of the CVR Payment Amount and shall have no duty or obligation to verify or confirm whether a CVR Payment Event has occurred.

  • Each CVR represents the contractual right to receive, for each Elan Share (including each Elan Share represented by an Elan ADS), an additional cash payment if a CVR Payment Event occurs.

  • Until such Achievement Certificate is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that a TR Beta CVR Payment Event has not occurred.

  • After the first occurrence of the First CVR Payment Event, the CVR holders shall have no future rights to payment with respect to the First CVR Payment Event.

  • After the first occurrence of the Second CVR Payment Event, the CVR holders shall have no future rights to payment with respect to the Second CVR Payment Event.


More Definitions of CVR Payment Event

CVR Payment Event means any of the First CVR Payment Event, the Second CVR Payment Event or the Third CVR Payment Event.
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CVR Payment Event means [***]
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CVR Payment Event means the receipt, directly or indirectly, by Technest (or by counsel on behalf of Technest) of the EOIR Payment.
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CVR Payment Event means approval by the FDA of the New Drug Application for the Product on or prior to March 31, 2020.
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CVR Payment Event means the receipt by Parent or any of its subsidiaries of Net Proceeds; provided that the payment by Parent of Net Proceeds shall only be required to be made by January 10 of each year beginning January 1, 2017 through the CVR Expiration Date or the earlier termination of this Agreement pursuant to the terms hereof; provided, further, that if since the most recent CVR Payment Event but prior to the subsequent January 1 through the CVR Expiration Date or earlier termination of this Agreement, Parent has received an additional $18,600,000 in Net Proceeds, such receipt shall be a CVR Payment Event. For the avoidance of doubt, in no event shall the aggregate CVR Payment Amount be greater than $50 million.
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Related to CVR Payment Event

  • Payment Event means any of the following:

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

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

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Adjustment Event means each of the following events:

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Potential Adjustment Event means any of the following:

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • Put Event means the occurrence of any of the following:

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Adjustment Events (A) the Partnership makes a distribution on all outstanding OP Units in Partnership Units, (B) the Partnership subdivides the outstanding OP Units into a greater number of units or combines the outstanding OP Units into a smaller number of units, or (C) the Partnership issues any Partnership Units in exchange for its outstanding OP Units by way of a reclassification or recapitalization of its OP Units. If more than one Adjustment Event occurs, the adjustment to the Class B Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment Events occurred simultaneously. For the avoidance of doubt, the following events shall not be Adjustment Events: (x) the issuance of Partnership Units in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Partnership Units pursuant to any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any Partnership Units in respect of a capital contribution to the Partnership, including a contribution by the General Partner of proceeds from the sale of securities by the General Partner. If the Partnership takes an action affecting the OP Units other than actions specifically described above as Adjustment Events and, in the opinion of the General Partner such action would require an adjustment to the Class B Units to maintain the one-to-one correspondence described above, the General Partner shall have the right to make such adjustment to the Class B Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances. If an adjustment is made to the Class B Units as herein provided, the Partnership shall promptly file in the books and records of the Partnership an officer’s certificate setting forth such adjustment and a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly after the filing of such certificate, the Partnership shall mail a notice to each holder of Class B Units setting forth the adjustment to his, her or its Class B Units and the effective date of such adjustment.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

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

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Enforcement Event means an Event of Default.

  • Significant Event means any Amortization Event or Event of Default.

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Ratings Event.