Triggering Party definition

Triggering Party has the meaning set forth in Section 9.5(a).

Triggering Party shall have the meaning set forth in Section 9.2(a).

Triggering Party has the meaning set forth in Section 1.1(s).

Examples of Triggering Party in a sentence

• The Sales Notice shall state the price (the "Total Price") at which the Triggering Party desires to sell the Subject Property(ies) and/or Subject Subsidiary(ies).

• The Triggering Party and the Non-Triggering Party shall use commercially reasonable efforts to consummate the transactions contemplated within 120 days, subject to extension to the extent necessary to satisfy applicable regulatory approvals, following the Non-Triggering Party’s election under either clause (i) or (ii) above.

• Upon a Triggering Event, the Class B Common Stock of the Triggering Party shall be automatically converted to Class A Common Stock as provided in Article 5.12.

• If the Responding Party does not deliver a Response Notice within the Cure Period, the Triggering Party shall, at its sole option, *** of the conclusion of the Cure Period elect to either (i) to purchase the entirety of the Responding Party’s equity at the Per-Share Buy/Sell Price, or (ii) to sell the entirety of its equity to the Responding Party at the Per Share Buy/Sell Price.

• Within 30 days of its receipt of such notice, the Triggering Party will specify in writing to the Non-Triggering Party a single price that it determines to be the aggregate dollar amount that the Triggering Party would be willing to receive in respect of the sale of all of the Triggering Party’s Membership Interests.

More Definitions of Triggering Party

Triggering Party has the meaning assigned in Section 8.06(y).

Triggering Party shall have the meaning set forth in Section 8.2(a).

Triggering Party is defined in Section 2.01(c).

Triggering Party has the meaning set forth in Section 14.1(a).

Triggering Party means the party that is the subject of the bankruptcy or similar proceeding, the party that undergoes a change in control, or the party in material breach of the Company Documents, as the case may be. The party that is not the triggering party is the "NON-TRIGGERING PARTY."

Triggering Party has the meaning specified in Section 13. EXHIBIT B TO MASTER JOINT VENTURE AGREEMENT LOCAL COUNTRY JV ENTITIES

Triggering Party has the meaning ascribed to such term in Section 3.1(a).