Holding Event definition

Holding Event means, with respect to any Subsidiary, (i) the election by the Allocation Member on or after the Holding Date with respect to such Subsidiary that a Holding Event has occurred; provided, that the Allocation Member must make such election during the Election Period with respect to such Holding Date, or (ii) the election by the Allocation Member on or after each anniversary of any Holding Date with respect to such Subsidiary that a Holding Event has occurred; provided, that the Allocation Member must make such election during the Election Period with respect to such anniversary of such Holding Date.
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Holding Event means, in respect of an Inconvertibility/Non-Transferability Event and for the purposes of determining the Asset Value in respect of such an Inconvertibility/Non-Transferability Event, any of the following events, occurring or continuing on the relevant CNY Reference Asset Realisable Value Receipt Date, or the date of determination of the USD/CNY Spot Rate or the date of payment of the Asset Value, each as determined by the Calculation Agent:
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Examples of Holding Event in a sentence

  • Notwithstanding anything else contained herein to the contrary, this Agreement shall automatically terminate upon the earliest of (i) the occurrence of a Minimum Investor Holding Event and (ii) the written consent of all parties hereto.

  • The Investor may, at its option, after the date hereof and prior to the general election of directors immediately following the date hereof, give notice to the Shareholder (prior to the occurrence of a Minimum Shareholder Holding Event) and the Company of its election to seek the appointment of an interim Class B Director to the Board.

  • The Investor shall provide and shall cause the Investor Nominee to provide such information as the Shareholder (prior to the occurrence of a Shareholder Default or a Minimum Shareholder Holding Event) and the Company shall reasonably request in order to make a determination that the Investor Nominee meets the Director Requirements and to prepare the proxy materials.

  • This Agreement will terminate upon the earliest to occur of (a) the completion of any voluntary or involuntary liquidation or dissolution of the Company, (b) the completion of a Qualified Public Offering, (c) the sale of all or substantially all of the Company's assets or of a majority of the outstanding Common Stock to a third party (whether pursuant to a merger, consolidation or otherwise) in accordance with the terms hereof or (d) a DeMinimus Holding Event.

  • As used in this Section 13, a "DeMinimus Holding Event" means that the aggregate sum of (i) the number of shares of any Common Stock owned by the HI Stockholders and the NCCC Stockholders, plus (ii) the number of shares of Common Stock issuable upon the exercise of any warrant or warrants owned by the HI Stockholders and the NCCC Stockholders, is less than one percent (1%) of the then issued and outstanding shares of Common Stock.