Triggering Event definition
Examples of Triggering Event in a sentence
If a Change of Control Triggering Event occurs, unless the Issuer has exercised its right to redeem all of the Notes as described in Section 2.7 above, the Issuer will be required to make an offer to repurchase all of each Holder’s Notes (or the portion thereof not subject to redemption, if the Issuer has exercised its right to redeem the Notes in part pursuant to Section 2.7 above) pursuant to the offer described below (the “Change of Control Offer”) on the terms set forth herein.
The fees and disbursements of the Agent’s counsel pursuant to subsections (vi) and (vii) above shall not exceed (A) $75,000 in connection with the first Issuance Notice and (B) $15,000 in connection with each Triggering Event Date on which the Company is required to provide a certificate pursuant to Section 4(o).
The Company reserves the right to require prior to the occurrence of a Triggering Event (as such term is defined in the Rights Agreement) that a number of Rights be exercised so that only whole shares of Preferred Stock will be issued.
The Certificate of Designation shall include (i) the conversion mechanics described in Section 3.1 and (ii) mandatory redemption provisions upon the occurrence of a Redemption Triggering Event (as defined therein), including in the event that any shares of Series D-1 Preferred Stock, Series D-2 Preferred Stock or Series D-3 Preferred Stock remain outstanding after December 31, 2027.
The Issuers shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Parent Change of Control Triggering Event.