Illiquidity Event definition

Illiquidity Event with respect to the Securities shall mean any of the following events:

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Illiquidity Event shall have the meaning specified in the Registration Rights Agreement.

Illiquidity Event with respect to the Initial Notes shall mean any ----------------- of the following events:

Examples of Illiquidity Event in a sentence

Anything in the foregoing to the contrary notwithstanding, in the event that more than one Illiquidity Event shall have occurred and be continuing at the same time, the maximum amount of liquidated damages payable in the manner of additional interest to accrue with respect to any Securities shall be 0.50% per annum.
The payment of the liquidated damages in accordance with this Section 4 shall fully discharge and satisfy each Registrant's obligations with respect to damages resulting from any such Illiquidity Event under this Registration Rights Amendment or under the Facility Lease Agreements.
The parties hereto agree that the liquidated damages provided for in this Section 4 constitute a reasonable estimate of and are intended to constitute the sole damages that will be suffered by holders by reason of the occurrence of an Illiquidity Event.
Notwithstanding that an Illiquidity Event may cease to exist, if a Registration Statement (as defined in the Series F Registration Rights Agreement) has not become effective within two (2) years after the initial issuance of the Series F Securities, such increased interest rate shall become permanent, pursuant to the terms and provisions of the Series F Registration Rights Agreement.
Notwithstanding that the Illiquidity Event may cease to exist, in the event that an Exchange Offer Registration Statement or an Initial Shelf Registration Statement has not become effective within two years after the Closing Date, the interest rates on the Initial Securities otherwise payable as provided in the Indenture shall permanently remain increased by such one half of one percent (0.50%) per annum.

More Definitions of Illiquidity Event

Illiquidity Event means that, in respect of any calendar month ending after the Issue Date (the “Relevant Month”) and with regards to any period of 30 consecutive Scheduled Trading Days ending on a Scheduled Trading Day comprised during such Relevant Month (the “Relevant Testing Period”), the arithmetic average of the Daily Value Traded on the Relevant Stock Exchange and on Relevant Multilateral Trading Facilities on each Scheduled Trading Day comprised in such Relevant Testing Period, is less than Euro 20 million, as determined by the Calculation Agent and notified by it to the Issuer and any Hedging Counterparty no later than the 2nd Business Day following the end of such Relevant Month, and the Illiquidity Event shall be deemed to have occurred in respect of the Relevant Month on the date of such notification.

Illiquidity Event with respect to the Initial Notes shall mean any of the following events:

Illiquidity Event. Has the meaning specified in Section 1.4(b) of the First Supplemental Indenture to the related Indenture.

Illiquidity Event means any of the following events:

Illiquidity Event has the meaning given to such term in the Fee and Ratio Letter;

Illiquidity Event means that, as of any date of determination, if (i) the Company is not listed on a stock exchange or other dealer network, or (ii) the average weekly trading volume of the Company's Common Stock for four consecutive calendar weeks falls below the product of (A) 15% of (B) the number of such Holder's outstanding Warrant Shares.

Illiquidity Event is defined in the Put Option Agreement.