Trigger Value definition

Trigger Value means USD7.5 billion plus the aggregate amount of principal (including capitalised interest) which has been repaid to the Group’s international lenders prior to commencement of the sale process as a result of any new equity raisings (including proceeds of the Global Offering), operation of the cashflow sweep mechanism and disposal of any non-core assets (including any shares in Norilsk Nickel). The question whether or not the sale obligation has been triggered at any time during any suspension period will be determined by reference to the Trigger Value as at the end of the suspension period.

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Trigger Value means, as of any date of determination with respect to the issuance of Newly Issued Securities, the amount determined by dividing $33,000,000 by the number of Fully Diluted Outstanding Shares (prior to giving effect to the issuance of such Newly Issued Securities).

Trigger Value means 85 per cent. of the Initial Reference Level, being 111.2395

Examples of Trigger Value in a sentence

• Each of Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting the word “Value” and inserting in lieu thereof “least of the S&P Value, M▇▇▇▇’▇ First Trigger Value, and M▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 5(i) (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, M▇▇▇▇’▇ First Trigger Value, and M▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 4(c) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, M▇▇▇▇’▇ First Trigger Value, M▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 4(c) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, ▇▇▇▇▇’▇ First Trigger Value, ▇▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 5(i) (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, ▇▇▇▇▇’▇ First Trigger Value, and ▇▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 5(i)(C) is hereby amended by deleting the word “the Value, if” and inserting in lieu thereof “any one or more of the S&P Value, ▇▇▇▇▇’▇ First Trigger Value, or ▇▇▇▇▇’▇ Second Trigger Value, as may be”.

• Paragraph 5 (flush language) is hereby amended by deleting the word “Value” and inserting in lieu thereof “S&P Value, M▇▇▇▇’▇ First Trigger Value, or M▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 4(d)(ii) is hereby amended by (A) deleting the words “a Value” and inserting in lieu thereof “an S&P Value, M▇▇▇▇’▇ First Trigger Value, and M▇▇▇▇’▇ Second Trigger Value” and (B) deleting the words “the Value” and inserting in lieu thereof “S&P Value, M▇▇▇▇’▇ First Trigger Value, and M▇▇▇▇’▇ Second Trigger Value”.

• Paragraph 5(ii) is hereby amended by (1) deleting the first instance of the words “the Value” and inserting in lieu thereof “any one or more of the S&P Value, ▇▇▇▇▇’▇ First Trigger Value, or ▇▇▇▇▇’▇ Second Trigger Value” and (2) deleting the second instance of the words “the Value” and inserting in lieu thereof “such disputed S&P Value, ▇▇▇▇▇’▇ First Trigger Value, or ▇▇▇▇▇’▇ Second Trigger Value”.

• Each of Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting the word “Value” and inserting in lieu thereof “least of the S&P Value, ▇▇▇▇▇’▇ First Trigger Value, and ▇▇▇▇▇’▇ Second Trigger Value”.

More Definitions of Trigger Value

Trigger Value means, with respect to any date, the fair market value of the Company determined by the Appraiser based solely upon a Put Trigger Event the closing of which has occurred within six (6) months immediately preceding the date or exercise of the Put Option, or that will occur pursuant to an agreement or letter of intent in effect as of the date or exercise of the Put Option, and assuming: (i) the full exercise or conversion of all of the then outstanding Convertible Securities in accordance with their respective terms; (ii) the payment in full of the Note out of the proceeds of such Put Trigger Event; (iii) no adjustment or discount with respect to minority interest, voting rights or rights to control management of the Company, and (iv) no adjustment for the tax consequences of such Put Trigger Event.

Trigger Value means the change in spend that will trigger an adjustment to the OCM Charge for a Complexity Level, as set forth in the Pricing Tables. The Trigger Values for changes to the OCM Charge are expressed in dollars of OCM Spend.