Examples of Purchase Option Trigger in a sentence
On one occasion exercised within 30 days of a Purchase Option Trigger Event, the Term Lenders shall have the option, but not the obligation, to (x) purchase from the Revolving Lenders all, but not less than all, of the Revolving Loans and other Revolving Credit Obligations owing to the Revolving Lenders and (y) assume all, but not less than all, of the then-existing Revolver Commitments.
The Company shall give notice in writing to the Grantor of the exercise of the Purchase Option within one year from the date of the Purchase Option Trigger Event.
In order to receive an award for participation in athletics, the athlete must have attended all official team functions unless excused by the coach; the athlete must be a member of the team in good standing at the end of the season and will be expected to attend the athletic awards program for their sport, unless excused by their coach or athletic director.
The parties hereto agree to provide reasonable cooperation with each other and to execute and deliver such further documents, certificates, agreements and instruments and to take such actions as may be reasonably requested by the other parties hereto to evidence or effect the Transactions and to carry out the intent and purposes of this Agreement.
The Class B Purchase Option Notice shall specify the date on which the Class B Purchase Option is to be exercised by the relevant Class B Lenders which shall be no later than the tenth (10th) Business Day following the Class B Purchase Option Trigger (or such later date agreed to by the Class A Lenders) (such date, the “Class B Purchase Option Exercise Date”).
If the Corporation expects that a Purchase Option Trigger Event will occur, then the Corporation shall, not less than ten (10) calendar days prior to the occurrence of the Purchase Option Trigger Event, give written notice (the "Purchase Option Notice") thereof to each holder of record of shares of Series B Preferred Stock.
If the Purchase Option Trigger shall have ------------------- occurred, Noteholder Agent on behalf of the Noteholders shall have the option at any time upon ten (10) Business Days' prior written notice to Revolving Loan Lender to purchase from Revolving Loan Lender all of the Revolving Loan Debt (the "Revolving Loan Buyout Amount").
Upon the occurrence of a Purchase Option Trigger Event, all or a portion of the Term Loan Creditors, acting as a single group, shall have the option at any time upon five (5) Business Days’ prior written notice to the ABL Representative to purchase all of the ABL Obligations from the ABL Secured Parties (other than the exclusion, at the purchasers’ option, of the amount of ABL Obligations in excess of the ABL Loan Maximum Amount).
If a Term Purchase Option Trigger shall occur and the Term Agent does not deliver a Term Purchase Notice to the ABL Agent prior to the expiration of the Term Purchase Option Period, the Term Claimholders shall have no further right to purchase, and the ABL Claimholders shall have no further obligation to sell, the ABL Debt pursuant to this Section 9.