Triggering Notice definition
Examples of Triggering Notice in a sentence
As used in this Section 9, “Current Market Price Per Share” means the average of the daily Closing Prices per share of Common Stock on the ten Trading Days ending on the Trading Day next preceding the date the Triggering Notice is given and “Closing Prices” and “Trading Days” have the respective meanings specified in the Purchase Contract Agreement.
Within 90 days of the delivery of a Triggering Notice, the Responding Key Holder shall deliver a written notice in accordance with the provisions of Section 10.5 (the “Response Notice”) to the Triggering Key Holder stating whether the Responding Key Holder has elected: (i) to purchase the entirety of the Triggering Key Holder’s Common Stock at the Per-Share Buy/Sell Price or (ii) to sell the entirety of its Common Stock to the Triggering Key Holder at the Per-Share Buy/Sell Price.
In addition, Comverge will have the option to deliver a Triggering Notice in accordance with Section 13(a), and the Parties will thereafter follow the buy/sell process provided for in Section 13(b) through 13(e).
The closing of the purchase of Louisburg Units by HMA L.P. under this Section 9.5(f) shall occur within thirty (30) days following the date on which the Louisburg Repurchase Triggering Notice is given.
If no Response Notice is delivered *** of a Triggering Notice, the Triggering Party shall deliver a written notice (the “Cure Period Notice”) to the Responding Party stating that the Responding Party has failed to deliver a Response Notice and stating that the Responding Party has *** of the Cure Period Notice (the “Cure Period”) to deliver a Response Notice to the Triggering Party.
Within 90 days of the delivery of a Triggering Notice, Management Stockholders shall have the right to deliver written notices in accordance with the provisions of Section 10.5 (the “Election Notice”) to the Triggering Key Holder and Responding Key Holder stating the Management Stockholders’ intent to exercise its right to tag along and sell the Management Stockholders’ Common Stock in accordance with the terms of this Section 7.
Within *** of the delivery of a Triggering Notice, the Responding Party shall deliver a written notice (the “Response Notice”) to the Triggering Party stating whether the Responding Party has elected: (i) to purchase the entirety of the Triggering Party’s equity interests in the Local Country JV Entities at the Per-Share Buy/Sell Price, or (ii) to sell the entirety of its equity interests in the Local Country JV Entities to the Triggering Party at the Per-Share Buy/Sell Price.
If such Deadlock is not resolved within such 60 day period, then any Shareholder may, by notice to the other Shareholders (the "Triggering Notice"), initiate a Company Sale procedure pursuant to Section 13.2 below.
If such Deadlock is not resolved within such fifteen (15) day period, then any Shareholder may, by notice to the other Shareholders (the "Triggering Notice"), call a Shareholders Meeting for the purpose of voting on the matter which is the subject of the Deadlock.
Management Stockholders who elect to exercise their right to tag along and sell their shares of Common Stock after delivering such Election Notice shall sell their shares of Common Stock to whichever one of the Triggering Key Holder and Responding Key Holder is the purchaser of the Common Stock as described in Section 7.3 in accordance with the terms and purchase price set forth in the Triggering Notice.