Examples of Specified Event in a sentence
Upon the occurrence of the Specified Event, the Strategy and Transformation Committee shall be dissolved (unless otherwise determined by majority vote of the Board following occurrence of the Specified Event).
After the occurrence of the Specified Event, for so long as the Shareholder Beneficially Owns at least 10% of the outstanding Ordinary Shares, the size of the Board shall, subject to Section 2(d), be fixed at nine directors subject to requirements of applicable laws.
Prior to the occurrence of the Specified Event, the Strategy and Transformation Committee shall convene on a monthly basis to oversee and implement the strategic and transformation initiatives in accordance with the Company’s transformation plan as approved by the Board.
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to the consent of the Borrower (such consent not to be unreasonably withheld, conditioned or delayed), at all times other than during the existence of a Specified Event of Default, to appoint a successor, which shall be a Lender or a bank with an office in the United States, or an Affiliate of any such Lender or bank with an office in the United States.
No Credit Party will, or will permit any Subsidiary to, other than in the Ordinary Course of Business, change its normal billing payment and reimbursement policies and procedures with respect to its Accounts (including, without limitation, the amount and timing of finance charges, fees and write-offs) if such change would reasonably be expected to have a Material Adverse Effect or that would be reasonably expected to cause a Specified Event of Default under this Agreement.