Payment Trigger Event definition

Payment Trigger Event is defined in paragraph a. of Article III.
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Payment Trigger Event means (i) the declaration by the Securities and Exchange Commission that the Registration Statement on Form S-3 that registers the shares of the acquiring party for resale by the Borrower is effective or (ii) the closing of the Change of Control transaction.
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Examples of Payment Trigger Event in a sentence

  • The Retention Payment shall be paid to Employee within ten (10) business days after the date that the Retention Payment Trigger Event occurred.

  • Except as provided in Section 2(b) below, any TRA Bonus shall be paid on or as soon as reasonably practicable following the applicable TRA Bonus Payment Trigger Event, but in no event later than March 15th of the year following the year in which the applicable TRA Bonus Payment Trigger Event occurs, in each case, subject to the Executive’s continued employment with the Company or its Affiliates through the applicable TRA Bonus Payment Trigger Event.

  • Notwithstanding the vesting schedule, the Option shall completely vest upon the occurrence of the Retention Payment Trigger Event, as defined in Paragraph 2(e) below.

  • For purposes of this Agreement the Retention Payment Trigger Event has occurred when both of the following items have occurred (i) ▇▇▇▇▇ ▇.

  • The Retention Payment Trigger Event shall have occurred when both item (i) and (ii) occur regardless of which of the items occurs first or whether there is a time gap between the items.

  • If at any time during the Post­Closing Payment Period there is a Post­Closing Payment Trigger Event, any milestone targets or sub­milestone targets for which the deadline dates have not already passed shall be deemed to have been achieved in full as of the date of the Post­Closing Payment Trigger Event, and the applicable Post­Closing Shares shall be delivered to the Stockholders in respect thereof.

  • All unpaid Deferred Fees, together with all interest accrued in accordance with clause 5.2 will become immediately due and payable and must be paid by Argos on the occurrence of any Immediate Payment Trigger Event.

  • Executive may not change the Payment Trigger Event or the form of payment after he elects the same.

  • By way of example, if any one of the items in (a) through (c) below occurs on October 1, 2007 and Louis Paolino, Jr. remains the Chief Executive Officer until Decembe▇ ▇▇, ▇▇▇▇, ▇▇▇ ▇▇tention Payment Trigger Event has not occurred until December 30, 2007.

  • For purposes of this Agreement the Retention Payment Trigger Event has occurred when both of the following items have occurred (i) Louis D.