Triggering Event Date definition

Triggering Event Date has the meaning set forth in Section 4(o).

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Triggering Event Date means the date federal laws in the United States are amended to permit the general cultivation, distribution and possession of marijuana (as defined in 21 U.S.C 802) or to remove the regulation of such activities from the federal laws of the United States.

Triggering Event Date means the date on which the Triggering Event occurs.

Examples of Triggering Event Date in a sentence

Following the Triggering Event Date, the Investor shall have the right, but not the obligation, to require the Company (or, at Parent's election, Holdings or its designee) to purchase all (and not less than all) of the Class A Units held by the Investor at the Repurchase/Put Price (the "Put Right") by delivering written notice to the Company and Parent (a "Put Notice").
Following the Triggering Event Date, Holdings shall have the right, but not the obligation, to convert all (and not less than all) of the Exchangeable Units held by Holdings into Class B Units by delivering a written notice of election (a "Conversion Notice") to the Company and the Investor specifying the date of conversion (the "Conversion Date"), which date shall be no fewer than five (5) Business Days following delivery of the Conversion Notice.
Following the Triggering Event Date, the Company (or, at the Company's election, Holdings or its designee) shall have the right, but not the obligation, to purchase all (and not less than all) of the Class A Units held by the Investor at the Repurchase/Put Price (the "Call Right") by delivering written notice to the Investor (a "Call Notice").
Exchangeable Units shall: (i) carry no voting rights and shall not be entitled to vote on any matter submitted to the Members; (ii) carry no right to receive Distributions of any kind, whether in cash, in kind, or upon liquidation, unless and until converted into Class B Units; (iii) carry no right to receive any portion of liquidation proceeds; and (iv) be convertible into Class B Units solely following the Triggering Event Date, in the manner set forth in Section 3.04.
No Class B Units shall be issued prior to the Triggering Event Date.

More Definitions of Triggering Event Date

Triggering Event Date means the time and date of the first occurrence of a Triggering Event.

Triggering Event Date shall have the meaning assigned to such term in the definition of "Designated Downgrading" herein.

Triggering Event Date means the last day of the first fiscal quarter of Borrower in which Borrower recognizes revenues from sales or licensing of Borrower’s Lymphoseek® product exceeding $2,000,000.

Triggering Event Date means December 31, 2018; provided, however, that if the Completion Date occurs on or after June 15, 2018, Triggering Event Date shall mean March 31, 2019.

Triggering Event Date means the earlier of (a) the first date that the Leverage Ratio is equal to or greater than 2.00 to 1.00, or (b) the first date that an Event of Default shall occur after March 10, 2006.

Triggering Event Date has the meaning ascribed to such term in the Plan of Arrangement.

Triggering Event Date means any date upon which Excess Availability shall be less than $10,000,000.