Financial Event definition

Financial Event shall have the meaning ascribed to that term in Section 10.2(b).
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Financial Event means a significant negative financial event, including a downgrading of a credit rating or being put on a negative watch list by a ratings agency, having a credit alert issued or insolvency.
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Financial Event means either
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Examples of Financial Event in a sentence

  • A history of the changes to the obligations is maintained on FINLOG – Financial Event Diary.

  • All awardees are required to submit a Final Financial Event Report to the Special Events Coordinator no later than 30 days after the completion of the event.

  • No Financial Event of Default is continuing or might reasonably be expected to result from the entering into or performance by the Company of any of the Transaction Documents.

  • Cephalon shall have the right to cause Ambit, at Ambit’s expense to use its best efforts to initiate and complete a round of Third Party equity financing within […***…] of Cephalon’s request thereof in such aggregate amount as is reasonably determined by Cephalon to cure the existence of the Adverse Financial Event.

  • A Final Financial Event Report must be submitted to the Special Events Coordinator no later than 30 days after the completion of the project or event.

  • To the extent that the affected public entity's regulations allow, a reimbursement for oversized facilities that will allow the CFD to balance the bonded indebtedness incurred with the level of benefit the properties are to receive from the public facilities that are to be financed.

  • Recipients are asked to describe these efforts when answering questions in the Final Financial Event Report.

  • In the event of any Material Financial Event or in the event District has not paid any Deficiency Amount when due, Ticketmaster shall have the option to require District to provide additional security to Ticketmaster of a type (e.g., letter of credit, guaranty or performance bond) and in an amount as requested by Ticketmaster in its sole discretion, which District shall provide to Ticketmaster within five (5) business days after Ticketmaster’s request.

  • Either party (Injured Party) may end the Contract wholly or partly by written notice to the other (Defaulting Party), if a Financial Event or Default Event affects the Defaulting Party.

  • Except as otherwise disclosed in writing by the Enterprises to Developer in connection with the occurrence of any Key Financial Event of a type referred to in paragraphs d., e.


More Definitions of Financial Event

Financial Event means any of the following:
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Financial Event means a significant negative financial event or impairment, including but not limited to: a downgrading of a credit rating, or being put on a negative watch list by a ratings agency, or having a credit alert issued, or the commencement or impending commencement of proceedings for the winding up, bankruptcy, dissolution, liquidation, scheme of arrangement, judicial management, restructuring, administration, re-organisation or other similar process of the Buyer and/or its Affiliates.
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Financial Event shall have occurred if (i) the Company's independent auditors determine that they will not be able to deliver an unqualified independent auditors' report with respect to the Company's financial statements , (ii) the Company publicly discloses that, or management advises the Company's Board of Directors that, it does not expect to have or may not have sufficient liquidity to meet expected obligations over the following 12 months or (iii) the Company reports, or management advises the Company's Board of Directors that it will report, net losses (calculated on a cash basis by adding non-cash items that reduced income) for any two consecutive quarterly periods that in the aggregate exceed $10,000,000.
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Financial Event means any occurrence having financial consequences to Peace Corps related to the receipt of appropriations or other financial resources; acquisition of goods or services; payments or collections; recognition of guarantees, benefits to be provided, or other potential liabilities; or other reportable financial activities.
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Financial Event shall have the meaning ascribed to it in Section 10.2(a). THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS MARKED WITH [*] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
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Related to Financial Event

  • Special Event means any of a Tax Event, an Investment Company Event or a Capital Treatment Event.

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • Material Event has the meaning set forth in Section 3(i) hereof.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • Special Events means musical events, concerts, shows, pageants, sporting events, festivals, competitions, and other events of limited duration presented by LICENSEE for which the "Gross Revenue" of such Special Event exceeds $25,000.

  • Accounting Event has the meaning set forth in the Supplemental Indenture.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

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

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

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

  • Material Events means any of the events listed in Section 3 of this Continuing Disclosure Undertaking.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Tier 2 Capital Event means the receipt by the Company of a legal opinion from counsel experienced in such matters to the effect that the Subordinated Notes do not constitute, or within 90 days of the date of such legal opinion will not constitute, Tier 2 Capital (or its then equivalent if the Company were subject to such capital requirement).

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Medical event means an event that meets the criteria in 12VAC5-481-2080.

  • Special event permit means a permit granted by the Division

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

  • 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.

  • Security Event means an immediately reportable subset of security incidents which incident would include:

  • Company Triggering Event means: (i) the failure of the Board of Directors of the Company to recommend that the Company's stockholders vote to adopt this Agreement, or the withdrawal or modification of the Company Board Recommendation in a manner adverse to Parent, or the Board of Directors shall have taken any other action that is or becomes disclosed publicly or to a third party, which indicates that the Board of Directors of the Company does not support the Merger or does not believe that the Merger is in the best interests of the Company's stockholders; (ii) the Company shall have failed to include in the Proxy Statement the Company Board Recommendation or a statement to the effect that the Board of Directors of the Company has determined and believes that the Merger is in the best interests of the Company's stockholders; (iii) an Acquisition Proposal is publicly announced and the Board of Directors of the Company fails to reaffirm without qualification the Company Board Recommendation, or fails to publicly state without qualification, that the Merger is in the best interests of the Company's stockholders, within five business days after Parent requests in writing that such action be taken; (iv) the Board of Directors of the Company shall have approved, endorsed or recommended any Acquisition Proposal; (v) the Company shall have failed to comply with Section 5.04 in any material respect; (vi) a tender or exchange offer relating to securities of the Company shall have been commenced and the Company shall not have sent to its securityholders, within ten business days after the commencement of such tender or exchange offer, a statement disclosing that the Board of Directors recommends rejection of such tender or exchange offer; (vii) an Acquisition Proposal is publicly announced, and the Company fails to issue a press release announcing its opposition to such Acquisition Proposal within ten business days after such Acquisition Proposal is announced; or (viii) either the Company or any of its subsidiaries or any their Representatives shall have breached any of the provisions set forth in Section 5.04 (in any material respect) or Section 6.15.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Liquidity Event means a Change of Control or an IPO.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • ii) Event means any event described in Section 11(a)(ii) hereof.