Significant Action definition

Significant Action means (a) an Exchange action or Rule change which addresses an "emergency" as defined in CFTC Regulation 40.1(h); or (b) any change in Exchange performance bond levels that is designed to respond to extraordinary market conditions such as an actual or attempted corner, squeeze, congestion or undue concentration of positions, or that otherwise is likely to have a substantial effect on prices in any contract traded or cleared at the Exchange.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Significant Action means, with respect to any Designated Entity, any of the following:

Significant Action has the meaning set forth in Section 4.01.

Examples of Significant Action in a sentence

• For purposes of Section 4.01(e) of the AIA SPV LLC Agreement and Section 4.01(f) of the ALICO SPV LLC Agreement, a Significant Action Request Notice shall be delivered to each Person then having the right to consent to the applicable action in accordance with the preceding sentence (at the notice address provided from time to time by such Person to the applicable SPV).

• Notwithstanding anything in this Agreement to the contrary, (i) the modification or termination of any Shared Arrangement, and any transactions in connection therewith, shall be deemed to not be a Significant Action and (ii) the Seller acknowledges that actions taken under this Section 6.2 and Section 6.3 by the Company will be subject to Article V, Section 5(a) of the Company’s Board of Directors Organizational Regulations.

• An Approving Family Stockholder Notice will be given by Micro to each of the Approving Family Stockholders as soon as is practicable under the circumstances, but in no event later than five (5) days prior to the date on which the Significant Action is expected to occur.

• The Company shall not take any Significant Action without the prior approval of the Specified Majority of the Board of Directors.

• In the event the Company wishes to take, or to cause a Subsidiary of the Company to take, a Significant Action, then the Company shall submit a written request (a “Significant Action Notice”) to Next Alt to approve such Significant Action at least 15 days (or such shorter period as approved in writing (including by email) by the Chairman of the board of managers of Next Alt) prior to the date on which the Company wishes for such Significant Action to be effected.

More Definitions of Significant Action

Significant Action means a “significant action” as defined by Section 1.69(a)(8) of the Commission Regulations.

Significant Action has the meaning set forth in Section 4.01(d) hereof. Section 1.121 “Significant Action Request Notice” has the meaning set forth in Section

Significant Action has the meaning ascribed to such term in Section 4.1.

Significant Action shall have the meaning set forth in Section ------------------ 4.01(b).

Significant Action will be defined to include (a) any merger, consolidation, sale, lease or other conveyance of assets of the Company or its subsidiaries with a fair market value in excess of $25 million or any purchase, lease or other acquisition of assets (including securities of another person) with a fair market value or purchase price in excess of $25 million by the Company or its subsidiaries; (b) (i) any issuance of preferred securities by the Company, (ii) any issuance of equity securities by the Company (other than in connection with the Approved IPO or in connection with a previously approved management incentive plan) with a fair market value in excess of $20 million in any 12 month period, (iii) any

Significant Action has the meaning ascribed to such term in Section 4.1. “Subordinate Voting Shares” means the Subordinate Voting Shares of the Corporation, as contemplated under the Articles. “TELUS” has the meaning ascribed to such term in the recitals. “TELUS Group” means, collectively, TELUS and any TELUS Permitted Holder that holds Shares from time to time. “TELUS Nominee” means a Director nominated by TELUS in accordance with this Agreement.

Significant Action means the filing of any action or proceeding under which an Enterprise or any portion thereof (including any portion of any Property) may be taken or encumbered pursuant to Polish law, including but not limited to condemnation (wywłaszczenie), merger and division of a Property (podział i scalenie nieruchomosci), enforcement proceedings (postępowanie egzekucyjne) or any other action or proceeding having similar result, that would be reasonably likely to result in a decrease of value of such Enterprise equal to ten percent (10%) or greater of the Price of the relevant Enterprise pursuant to a reasonable calculation of such value by a professional valuer chosen by the Parties.