Disbursement Event definition

Disbursement Event means the occurrence of all of the following (a) the Company has entered an Agreement and Plan of Share Exchange (as it may be amended from time to time, the “Acquisition Agreement”) with FFKY with respect to the Acquisition on substantially the terms as set forth on Exhibit A (or terms no less favorable to the Company than such terms on Exhibit A), (b) all conditions to the closing of the Acquisition under the Acquisition Agreement have been satisfied (or are anticipated to be satisfied at the closing thereunder) or waived, and (c) all conditions contemplated to the Closing set forth in this Subscription Agreement have been satisfied (or are anticipated to be satisfied at Closing) or waived.
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Disbursement Event means any event described in SECTION 6.2 of this Agreement upon the occurrence of which the Escrow Agent is authorized and required to make a disbursement from the Escrow Fund.
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Disbursement Event means any event described in Section 4.2 of this Security Deposit Appendix upon the occurrence of which the Escrow Agent is authorized and required to make a disbursement from the Escrow Fund.
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Examples of Disbursement Event in a sentence

  • Upon a Disbursement Event, Contractor may deliver a written notice to the Homeowner and Escrow Agent directing Escrow Agent to disburse immediately to Contractor from the Security Deposit, the amount equal to the amount of the unpaid but required payment then due to Contractor.

  • Any payment under a Disbursement Event shall not diminish or waive any rights, defenses or claims that the Homeowner has against the Contractor for breach of the Agreement or otherwise.

  • For purposes of this Agreement, a "Disbursement Event" shall mean any time Homeowner will have failed to make any required payment when due to Contractor in violation of the terms of this Agreement, and Homeowner also will have failed to cure the payment default within a cure period of seven (7) calendar days after the expiration of the ten (10) business day period described in Section 10, and after Homeowner’s receipt of written notice of default from Contractor.

  • The release of funds from the Escrow Account and each Purchaser’s obligation to accept delivery of stock certificate(s) to finalize the sale of the aggregate number of contingent Shares set forth adjacent to such Purchaser’s name on Schedule I, on the Closing Date shall be subject to the Company having delivered to the Escrow Agent a certificate confirming that a Disbursement Event has occurred and instructing the Escrow Agent to release the Escrow Funds.

  • Supervisor Carmon stated North Valley Community Foundation's point-person, Jody Samons, has been working very hard and water deliveries should begin shortly, and there is sufficient bottled water available for the last Water Disbursement Event at Orland Fire Department this week; b.

  • Upon the occurrence of an Early Disbursement Event of the Guarantee, the right of the TNC to declare that the Outstanding Balance or a portion thereof is immediately due and payable will be exercisable by TNC.

  • Not later than thirty days after receipt of notification by Escrow Agent to Grantee by certified mail, return receipt requested, of a Disbursement Event involving amounts paid to the County, the Grantee shall deposit in the Escrow Fund an amount necessary to restore the balance of the Escrow Fund to $50,000 pursuant to Section 11(b)(1)(C) of the Franchise Agreement.

  • All representations and warranties contained in this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of each Credit or Disbursement Event with the same effect as if made on and as of such date except to the extent such representations and warranties expressly relate to an earlier date.

  • Supervisor Carmon stated North Valley Community Foundation's point-person, Jody Samons, has been working very hard and water deliveries should begin shortly, and there is sufficient bottled water available for the last Water Disbursement Event at Orland Fire Department this week;b.

  • Fire incidents have been documented aboard Apollo 13 [9], Salyut-1 [10],[11], Salyut-6 [12], the Orbiter fleet [13], and Mir [14].


More Definitions of Disbursement Event

Disbursement Event shall occur when (i) the Federal Deposit Insurance Company (the “FDIC”) has accepted a bid from the Company for a Qualified Acquisition (as defined in Section 4(a)(3)(ii) below), as to which the Company has heretofore delivered one or more certificates in the form attached hereto as Exhibit B, and entered into one or more purchase and assumption agreements between the Company and the FDIC (the “Purchase and Assumption Agreement”) with respect to such Acquisition; and (ii) all conditions precedent to the closing of such Acquisition, whether contained in the Purchase and Assumption Agreement or otherwise, have been met, satisfied or waived.
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Related to Disbursement 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.

  • 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.

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

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

  • 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.

  • Enforcement Event means an Event of Default.

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

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

  • 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.

  • 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:

  • 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:

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

  • 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).

  • Potential Adjustment Event means any of the following:

  • 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.

  • Mandatory Prepayment Event means any of the following:

  • 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:

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Adjustment Event means each of the following events:

  • Knock-out Event means the event as defined in §4(4).

  • Interest Rate Adjustment Event means the occurrence of any of the following: