Trigger Notice definition

Trigger Notice means the notice respecting the issuance of Shares pursuant to vested Restricted Share Unit(s), substantially in the form attached to Restricted Share Unit Notice, duly executed by the Participant; and

Trigger Notice shall have the meaning set forth in Section 3(b).

Trigger Notice has the meaning assigned to it in Section 6.1(c).

Examples of Trigger Notice in a sentence

• Provided that the Payment Dates will be: (a) before service of a TriggerNotice the 30th day of January, April, July, October of each year (provided that if such day is not a Business Day, the next succeeding Business Day) and (b) following service of a Trigger Notice, any Business Day specified in the Trigger Notice.

• The Debtors shall deposit and hold such amounts in a segregated account in trust to pay such Allowed Professional Fees benefiting from the Post-Carve Out Trigger Notice Cap (the “Post-Carve Out Trigger Notice Reserve” and, together with the Pre-Carve Out Trigger Notice Reserve, the “Carve Out Reserves”) prior to any and all other claims.

• On the day on which a Carve Out Trigger Notice is delivered in accordance with Paragraph 13 (the “Termination Declaration Date”), the Carve Out Trigger Notice shall constitute a demand to the Debtors to utilize all cash on hand as of such date and any available cash thereafter held by any Debtor to fund a reserve in an amount equal to the then unpaid amounts of the Allowed Professional Fees plus reasonably estimated fees not yet allowed for the period through and including the Termination Declaration Date.

• On the Termination Declaration Date, the Carve Out Trigger Notice shall also constitute a demand to the Debtors to utilize all remaining cash on hand as of such date and any available cash thereafter held by any Debtor, after funding the Pre-Carve Out Trigger Notice Reserve, to fund a reserve in an amount equal to the Post-Carve Out Trigger Notice Cap.

• The Debtors shall deposit and hold such amounts in a segregated account at the DIP Agent in trust to pay such then unpaid Allowed Professional Fees plus reasonably estimated fees not yet allowed for the period through and including the Termination Declaration Date (the “Pre-Carve Out Trigger Notice Reserve”) prior to any and all other claims.

More Definitions of Trigger Notice

Trigger Notice means the notice served by the Representative of the Noteholders on the Issuer declaring the Notes to be due and payable in full following the occurrence of a Trigger Event as described in Condition 12 (Trigger Events).

Trigger Notice has the meaning set forth in Section 10.a.

Trigger Notice has the meaning set forth in Section 9.1.2 of this Agreement.

Trigger Notice means a written notice from any Creditor Representative to the Collateral Agent that a Trigger Event has occurred.

Trigger Notice. As specified in Section 5.2.

Trigger Notice means a written notice from IBM Credit to the Trustee stating that there has been and is continuing a Trigger Event, specifying the Trigger Amount.

Trigger Notice has the meaning given in Section 3.2.