Participation Condition definition

Participation Condition shall have the meaning set forth in Section 12.1.
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Participation Condition means the condition of membership of the Company with which all Members are to comply and which is set out in part J of the Rules;
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Participation Condition shall have the meaning given such term in Section 3.2(b).
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Examples of Participation Condition in a sentence

  • Either (i) (x) the Minimum Participation Condition shall have been satisfied and (y) the Supplemental Indenture Effective Date shall have occurred, or (ii) if the Minimum Participation Condition has not been satisfied, the Confirmation Order shall have been entered confirming the Prepackaged Plan and all conditions to the Effective Time occurring under the Prepackaged Plan shall have been satisfied or waived.

  • If the Minimum Participation Condition is satisfied and the Company Stockholder Approval and the Parent Stockholder Approval are obtained prior to April 8, 2021, then the provisions of Section 6.24(a)(i) of this Agreement shall apply.

  • The amount of Offered Units each Major Holder is entitled to purchase, subject to satisfaction of the Participation Condition, shall be referred to as such Major Holder’s “Pro Rata Fraction”.

  • If any Major Holder fails to elect to purchase its Pro Rata Fraction of such Offered Units, such Major Holder shall not be entitled to purchase any Offered Units in such Offer and, subject to the satisfaction of the Participation Condition, the Company shall allocate any remaining amount among those Major Holders who have indicated in their Election Notice a desire to purchase Offered Units in excess of their respective Pro Rata Fraction.

  • In the event the BIP Funds offer Enagas Investor a Purchase Option and Enagas Investor elects not to participate in such Purchase Option or does not meet the Full Participation Condition, as applicable, Enagas Investor shall forfeit its rights under Section 2.1(a)(ii) until such time as Enagas Investor regains an Ownership Percentage equal to at least the Target Take-Private Ownership Percentage.

  • Notwithstanding the foregoing, following a Take-Private Transaction, Enagas Investor’s consent shall be required pursuant to the Enagas Consent Items set forth in Section 2.4(a)(viii) if Enagas Investor has satisfied the Full Participation Condition.

  • Except as provided in the Transaction Support Agreements, the Secured Note Exchange Offer may not be withdrawn (other than due to the impossibility of fulfilling a condition precedent other than the Minimum Participation Condition) prior to March 31, 2016 and may not remain open after March 31, 2016.

  • Notwithstanding the foregoing, following a Take-Private Transaction, Enagas Investor’s consent shall be required pursuant to the Enagas Consent Items set forth in Section 2.4(a)(i), (ii) and (viii) if Enagas Investor has satisfied the Full Participation Condition.

  • In connection with any Offer in respect of which the Participation Condition is satisfied, the Company and Selling Holder shall cooperate with the Major Holders participating in such Offer and take such action as are reasonably necessary to effect such purchase in compliance with all applicable laws (including securities laws).

Related to Participation Condition

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Notice means the latest notice delivered by the Company to a Participant informing the Participant that he or she is eligible to participate in the Plan, in substantially the form of EXHIBIT A to the Plan.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Period has the meaning set forth in Section 4.2 hereof.