Removal Event definition

Removal Event has the meaning set forth in Section 12.12 hereof.

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Removal Event has the meaning assigned to such term in Section 4.4.

Removal Event means the occurrence of any of the Buy-Sell Events set forth in Section 7.01 with respect to which the Operating Member is the Defaulting Member (regardless of whether Paladin, as the Non-Defaulting Member, exercises any of its rights under Article 7 in connection therewith). Any removal of ▇▇▇▇▇▇▇ Management as the Operating Member shall be effective upon the Effective Date of the Removal Notice relating to any Removal Event (or such later time as may be provided in the Removal Notice).

Examples of Removal Event in a sentence

• The Borrower, the Servicer, each Lender and the Administrative Agent hereby agree that, upon the occurrence of a Servicer Removal Event, the Administrative Agent may provide a removal notice to the Servicer (with a copy to the Collateral Agent) (a “Servicer Removal Notice”) and terminate all of the rights, obligations, power and authority of the Servicer under this Agreement.

• If the Developer Partner is removed as General Partner as a result of the occurrence of a Removal Event, then the Partnership may terminate all agreements with Developer Partner's Affiliates without penalty or fee, and all such agreements must contain a provision that allows for the exercise of the right of termination under this Section 4.7(b).

• Upon the occurrence of a Removal Event, the Management Committee shall have the right to remove ▇▇▇▇▇▇▇ Management as the Operating Member of the Company by delivering written notice (“Removal Notice”) thereof at any time following the occurrence of a Removal Event in accordance with the provisions of this Section 2.06.

• In the event a Removal Event occurs but does not affect the Underlying Company Subject Matter (which shall be determined by the acceptance or approval by the relevant Cannabis Regulatory Body of either (i) the Affected Manager acting as a Manager or (ii) the Underlying Company Matter irrespective of the involvement of the Affected Manager), then the majority of the Managers who are not Affected Managers may waive the removal of the Affected Manager.

• If ▇▇▇▇▇▇▇ Management is removed as the Operating Member pursuant to Section 2.06(a) as a result of the occurrence of a Removal Event, then the Company may engage either an Affiliate of Paladin or a third party to complete the services that were being provided under the terminated contract or other arrangement.

More Definitions of Removal Event

Removal Event is defined in Section 2.06(a).

Removal Event means the occurrence of any of the following events:

Removal Event means (a) the termination of the Clearing Member Agreement; (b) a materially false or misleading representation or warranty made by the Clearing Member to Eris Clearing under or in connection with any agreement between Eris Clearing and the Clearing Member; (c) the breach by the Clearing Member of the Rules or any of the terms or provisions of any agreement between Eris Clearing and the Clearing Member which is not remedied promptly after notice from Eris Clearing; (d) a material violation of the rules of the Exchange, or (e) a Default by the Clearing Member.

Removal Event. A Non-Filing Event and/or a Default Event.

Removal Event has the meaning set forth in Section 6.1.

Removal Event has the meaning specified in the definition of “Syndicated Credit Agreement”.

Removal Event means: