Triggering Condition definition

Triggering Condition means the occurrence of any of the following: (i) the aggregate outstanding principal amount of the Swing Loans and Revolving Credit Loans and the outstanding Letter of Credit Obligations exceeds $50,000,000 for a period of five consecutive Business Days, (ii) the aggregate outstanding principal amount of the Swing Loans and Revolving Credit Loans and the outstanding Letter of Credit Obligations exceeds $70,000,000 on any Business Day and (iii) there has occurred any Default or Event of Default.

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Triggering Condition means occurrence of any of the following: (a) RMI has ceased making Products available for purchase under the terms of the MPA and such cessation is not attributable to Aruba’s breach of the MPA (provided that for purposes of the MPA, “cessation” includes, without limitation, any suspension in manufacture of Products for a period of ninety (90) days or more); (b) a proceeding has been instituted against RMI under any provision of any bankruptcy laws, which has not been dismissed, concluded or abandoned within ninety (90) days; (c) RMI fails to comply with Section 3 below; (d) a trustee or receiver has been appointed by a court for all or a substantial portion of the assets of RMI; (e) RMI has ceased or suspended all or substantially all of its business for a period of sixty (60) days or more; A Change of Control has occurred; or (g) RMI has made an assignment of all or substantially all of its assets for the benefit of its creditors;

Triggering Condition means any date from and after the [***] anniversary of the A&R Effective Date upon which the Licensed Products collectively achieve at least a [***] share of the LRB Energy Category for the immediately preceding [***] period.

Examples of Triggering Condition in a sentence

• In case an Investor seeks and receives indemnification from the Company pursuant to Section 9.1 of the Series B Purchase Agreement with respect to any Triggering Condition, such Investor shall have no right to exercise its Put Option in accordance with this Section 10.2 with respect to such Triggering Condition.

• To exercise this right, the Company shall deliver a written notice to the Optionholder within 7 days of the satisfaction of the Triggering Condition.

• The purpose of this Exhibit is to minimize for Aruba the risk of interruption of its supply of Product for use in Wireless Infrastructure Products at quantities, at a quality, and at prices and terms substantially equivalent to those set forth in the MPA, notwithstanding the occurrence of any Triggering Condition.

More Definitions of Triggering Condition

Triggering Condition as used herein in one example means anything, as an act or event, that serves as a

Triggering Condition means the condition provided in Clause 3.2;

Triggering Condition as used herein in one example means anything, as an act or event, that serves as a stimulus and initiates or precipitates a change in the fibrous element and/or particle and/or fibrous structure of the present disclosure, such as a loss or altering of the fibrous element's and/or fibrous structure's physical structure and/or a release of an additive, such as an active agent therefrom. In another example, the triggering condition may be present in an environment, such as water, when a fibrous element and/or particle and/or fibrous structure of the present disclosure is added to the water. In other words, nothing changes in the water except for the fact that the fibrous element and/or fibrous structure of the present disclosure is added to the water.