Significant Transaction definition

Significant Transaction means a transaction which meets any one of the tests below:

Significant Transaction means any transaction with a value equal to or greater than 20% of the Trust’s income, assets or capital.

Significant Transaction means the Company's acquisition or disposition of a business or assets which the Company is required to report under Item 2 of the SEC Form 8-K.

Examples of Significant Transaction in a sentence

• Immediately upon receipt by Borrower of proceeds (net of Charges) of any total or partial disposition of the tangible and intangible assets of Borrower (other that the sale of Inventory in the ordinary course of business) or in the event of a Significant Transaction, Borrower shall at Lender’s option prepay the Loan in an amount equal to all such proceeds, not to exceed the amount of the Loan then due.

• Subject to the terms and conditions of this Agreement, Licensee hereby grants to Pfizer an exclusive right of first offer to negotiate and enter into an agreement for a Significant Transaction, subject to the terms and conditions set forth in this Section 2.6, including Section 2.6.6.

• Pursuant to the Communique on Common Principles Regarding Significant Transaction and the Retirement Right, numbered II.23-I, as published in the Official Gazette dated 27.06.2020 and numbered 31168 the de-merger transaction contemplated herein shall not be deemed as “significant transaction”.

• If a Significant Transaction occurs which would result in the repayment of the debt committed to hereunder in its entirety, then Mssr.

• NOW, THEREFORE, the undersigned, [Chief Financial Officer] of Grace, hereby delivers this Certificate and does hereby certify, solely on behalf of Xxxxx and not in any individual capacity, to the Permitted Holder that: A Significant Transaction [has] // [has not] occurred during the four-Fiscal Quarter period ending on [•] (the “Measurement Period”).

More Definitions of Significant Transaction

Significant Transaction means a pending or imminent material acquisition, disposition, financing, corporate reorganization or other business combination or divestiture transaction.

Significant Transaction any Investment that results in a Person becoming a Restricted Subsidiary, any designation of a Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary, any Permitted Acquisition or any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary of the Borrower, any Investment constituting an acquisition of assets constituting a business unit, line of business or division of, or all or substantially all of the Capital Stock of, another Person or any Disposition of a business unit, line of business or division of the Borrower or a Restricted Subsidiary, in each case whether by merger, consolidation, amalgamation or otherwise, or any incurrence or repayment of Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility or line of credit), Restricted Payment, Incremental Revolving Commitment, Incremental Revolving Loan, Incremental Term Loan or any other provision of this Agreement that by the terms of this Agreement requires such test to be calculated on a pro forma basis or after giving pro forma effect.

Significant Transaction means a Change of Control or Triggering Event.

Significant Transaction means a transaction which meets any one of the below criteria:

Significant Transaction means (a) the sale or other transfer by a Credit Party to any Person of (i) any of the stock of any of such Credit Party’s direct Subsidiaries, (ii) substantially all of the assets of any division or line of business of a Credit Party or (b) the acquisition by a Credit Party to any Person of (i) the Equity Interests of any Person that results in such Person becoming a Subsidiary of any Credit Party or (b) substantially all of the assets of any division or line of business of any Person that is not a Subsidiary of a Credit Party immediately prior to the consummation of such transaction, in each case, for aggregate consideration in excess of $100,000,000.

Significant Transaction means ABM Industries Incorporated’s acquisition or disposition of a business or assets which ABM Industries Incorporated is required to report under Item 2.01 of Form 8-K under the rules and regulations issued by the Securities and Exchange Commission.

Significant Transaction means (A) any acquisition or disposition of (1) any business, limited liability company, association or other business organization or division thereof or any material partnership interest or material joint venture interest, (2) any material assets or properties other than in the ordinary course of business or (3) any radio broadcast station, (B) any disposition of any Subsidiary of the Company or (C) any acquisition of any subsidiary or other business enterprise from any third party.