TEG Transaction definition
TEG Transaction means the Company’s acquisition (either itself or through a subsidiary) of a majority interest in any entity that owns all or a significant portion of the assets presently owned by TEG, or the acquisition by the Company (itself or through a subsidiary) of those assets directly.
Examples of TEG Transaction in a sentence
The conversion will be deemed to have occurred as of the date of the closing of the TEG Transaction.
If, at any time on or before the payment in full or other conversion of this Note the Company closes the TEG Transaction (as defined below), then the principal will automatically convert into Conversion Units at the Conversion Rate.
If, at any time on or before the payment in full or other conversion of this Note, the Company closes the TEG Transaction (as defined below), then the principal will automatically convert into Conversion Units at the Conversion Rate.