Forced Exit definition

Forced Exit means, with respect to any one or more Parties, the termination of such Parties’ participation in the Agreement by the other Parties in accordance with Article 32.2;
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Examples of Forced Exit in a sentence

  • The cost of an exit as determined in the Exit Plan according to Article 32.4 of the Agreement shall be allocated and settled as proposed by the NEMO ID SC and as consented by the Voluntary Exit Party or Forced Exit Party.

  • As soon as the NEMO ID SC and the Voluntary Exit Party or Forced Exit Party have agreed upon the costs of an exit and the modalities how these will be settled, all Parties shall follow such instructions and issue respective invoices according to Section II.7.

  • Forced Exit Party or Suspended Party (as the case may be) shall, in accordance with the Exit Plan/Suspension Plan, use its Best Efforts to assist the remaining Parties to enable continuity of DA MCO Function Operations and to enable the migration of any services it performs or the documentation/information it provides until the date of its exit or for the duration of its suspension (as the case may be) or for such other period as referred to in the relevant Exit Plan or Suspension Plan.

  • For the avoidance of doubt, the remaining Parties are committed to enter into the Exit License upon the request of the Voluntary Exit Party or the Forced Exit Party.

  • For the avoidance of doubt, any Party that, pursuant to any provision of the Agreement is not entitled to vote (such as in the cases mentioned in Article 15.2 (Forced Exit), Article 15.3 (Suspension) and Article 15.4.5 (voting rights during exit or suspension), shall not be a Voting Member for the matters for which its vote is excluded.

  • For other matters, the Voluntary Exit Party or Forced Exit Party (as the case may be) shall not be entitled to vote unless the All NEMO Committee decides otherwise or unless the vote has direct consequences for the relevant Voluntary Exit Party or Forced Exit Party (as the case may be).

  • Notwithstanding the above, Parties agree that a Party should Exit or may be forced to Exit or may be suspended from this Agreement in case this Party Exits / is suspended under the SDAC DAOA (regardless whether it is a result of Voluntary or Forced Exit or suspension from SDAC DAOA).

  • Specify % if not unanimous:   % YES NO Forced Exit Should the agreement specifically cover transfers to the Remaining Equity Holders where: the Remaining Equity Holders otherwise consent - specify % if not unanimous:  % Funding For exit strategies not covered by insurance, funding will be covered by instalments.

  • However, the NEMO ID SC (it being understood that the Forced Exit Party shall not take part to the decision in this respect) may decide to suspend its decision under Article 0 in case of Dispute settlement (Article 37(Dispute resolution and jurisdiction)).

Related to Forced Exit

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.