Triggering Conditions definition
Examples of Triggering Conditions in a sentence
Upon the satisfaction of all the Triggering Conditions, the Dividend per share of this Series shall be computed based upon a rate per annum of 5% of the Base Amount.
All references to per share amounts or prices with respect to the Triggering Conditions shall be appropriately adjusted for any subdivision, consolidation, or reclassification of the Common Shares.
The escrow materials described above shall be released for use by Aruba upon the occurrence of any one or more of the Triggering Conditions described above, in each case following prior written notice to RMI in accordance with the procedures to be set forth in the escrow agreement.
During any period when the requirements of the Damage Triggering Conditions applicable to Buyer are fully satisfied, Seller shall be entitled to collect the following damages from Buyer (in addition to such sums as may continue to be due and payable by Buyer under Article 8 hereof): Buyer shall pay Seller any damages to which Seller is entitled in hereunder on or before the fifteenth (15th) day after Buyer receives a written calculation of the amount of such damages from Seller.
In addition, the Disposal Right under the Agreement provides the Group with the flexibility to sell the Target Property at an appropriate time when the Triggering Conditions are satisfied.