Triggering Event

Triggering Event. Occurs which the Daily VWAP of the Common Stock equals or exceeds two hundred percent (200%) of the initial public offering price of the Common Stock sold in the IPO on five (5) of ten (10) consecutive Trading Days following the 90th calendar day after the pricing of the IPO.

Triggering Event. Means the occurrence of any of the following events: (i) a Change of Control shall occur; (ii) the sale or conveyance by the Company, other than to an affiliate, of all or substantially all of its interest in any property listed on Schedule 1 (provided however, (A) neither the expiration or termination of any lease nor the farmout of any such lease shall be construed as a sale or conveyance of such lease and... (B) a mortgage, security interest or collateral assignment for the purpose of providing security for the benefit of a creditor will not be deemed a sale or conveyance of any lease); (iii) with respect to Erickson only, upon the termination of the Gasco Energy, Inc. Employment Agreement between Mark A. Erickson and Gasco Energy, Inc. dated as of February 14, 2003; or (iv) with respect to Bruner only, upon the termination of the Gasco Energy, Inc. Strategic Consulting Agreement between Marc A. Bruner and Gasco Energy, Inc. dated as of February 14, 2003. View More

Triggering Event. : the occurrence of any of the following events: (i) Tax Refund Agent's receipt of a written notice from the Creditors directing Tax Refund Agent to exercise any remedy against all or any part of the Tax Refund from and after the occurrence of an Event of Default that has not been waived in writing, or (ii) Any of the Travis Obligors (a) fails to pay, or admits in writing its inability to pay, its debts generally as they become due, or... otherwise becomes insolvent (however evidenced), (b) makes an assignment for the benefit of creditors, (c) files a petition in bankruptcy, is adjudicated insolvent or bankrupt, petitions or applies to any tribunal for any receiver or 3 any trustee for itself or any substantial part of its property, (d) commences any proceeding relating to itself under any reorganization, arrangement, readjustment of debt, dissolution (except into another Travis Obligor) or liquidation law of any jurisdiction, whether now or hereafter in effect, (e) has commenced against it any such proceeding which remains undismissed for a period of 60 days, or by any act indicates its consent to, approval of, or acquiescence in any such proceeding or the appointment of any receiver of or any trustee for it or of any substantial part of its property, or allows any such receivership or trusteeship to continue undischarged for a period of 60 days; or (f) takes any action to authorize any of the foregoing; (iii) the Tax Refund Agent's receipt of written notice from any Creditor (which notice shall be given both via telecopy and overnight courier (costs prepaid), with a good faith effort to make a telephone confirmation of receipt of such notice promptly after sending, and a good faith effort to send such notice by similar means to each other Creditor, but the failure to notify the other Creditors will not affect whether any event set forth in this definition shall have occurred) in respect to whom a payment of principal or interest on any of the Obligations held by such Creditor was not timely made (but only during the continuance of any such failure) after the lapse of any grace period provided for under the relevant Documents, and whether by acceleration or otherwise, or (iv) from and after the occurrence of an Event of Default that has not been waived in writing, any Creditor files suit against any of the Travis Obligors with regard to the GE Debt, the Tracker Debt or TCFC Debt; or (v) any Creditor accelerates any Obligations pursuant to the terms of the relevant documents governing such Obligations. View More

Triggering Event. Means any one or more of the following events (whatever the reason and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or regulation of any administrative or governmental body): (i) the failure of the registration statement covering the Conversion Shares to be declared effective by the Securities and Exchange Commission on or prior to the 240th day after the Issue Date;... (ii) the Company fails for any reason to pay in full the amount of cash due pursuant to a Buy-In within seven business days after notice therefor is delivered hereunder; or (iii) the Company fails, after the Meeting Date, to have available a sufficient number of authorized and unreserved shares of Common Stock to issue to the holder upon a conversion hereunder. View More

Triggering Event. A sale or other transfer of Stock Shares in accordance with applicable requirements (including a sale or other transfer to, or redemption by, the Company of Stock Shares, whether in conjunction with the netting out of Stock Shares to satisfy withholding requirements upon an option exercise, or in conjunction with the exercise of a right of first refusal, a call right, a put right, a corporate transaction or otherwise) other than a ... transfer at death (by will or intestacy) of Stock Shares. View More

Triggering Event. That both of the following shall have occurred: i. The aggregate Market Value of all Shares granted to Seller pursuant to the Purchase Agreement and this Amendment and any shares and options issued to Dr. Juan Jose Legarda Ibanez individually (the total of which shall be at least 1,400,000 million shares; and assuming, for purposes of the calculation, the full conversion of all options, including the options granted pursuant to this... Amendment) is not at least US $10 million at some time within 18 months following the Merger; and ii. Buyer has not developed a European expansion plan and does not have at least the first facility in Europe performing Processes in the Field (as defined in Section 2.5 of the Purchase Agreement) within 18 months following the Merger. View More

Triggering Event. Shall mean any event described in ---------------- Section 11(a)(ii)(A), 11(a)(ii)(B) or 11(a)(ii)(C) or Section 13 hereof.

Triggering Event. Shall mean one or more of the following events: (A) the occurrence and continuance of an Event of Default under Section 10.1(a)(i) hereof with respect to any Borrower's failure to pay any of the Obligations arising pursuant to the Term Loan (including principal, interest, fees and expenses attributable thereto); (B) the occurrence and continuance of an Event of Default under Section 10.1(g) or 10.1(h) hereof; (C) an Event of Default resulting from a violation of Section 9.24 hereof; or (D) the... occurrence of any other Event of Default and the acceleration by Agent of the payment of all or any portion of the Obligations. View More

Triggering Event. Means (a) the repayment, repurchase or retirement of all of the Notes as set forth in clause (b)(i) of Article Four of the Articles of Incorporation of the Company or (b) the required delivery of a written consent if the Notes achieve a rating of B or better by Standard & Poor's Ratings Services or B2 or better by Moody's Investors Services, Inc.

Triggering Event. Means (a) the occurrence of a Change of Control of the Company; (b) immediately prior to any Bankruptcy Event; (c) consummation with respect to the Company of a "Rule 13e-3 transaction" as defined in Rule 13e-3 under the Exchange Act, it being agreed that each Purchaser will receive actual notice of the 13e-3 Statement filed with the Commission; (d) for any period of three consecutive Trading Days, the Common Stock fails to be listed or quoted for... trading or is suspended from trading on an 2 3 Eligible Market or there is no closing bid price on an Eligible Market; (e) after the Effective Date, a holder of Registrable Securities (as defined in the Registration Rights Agreement) is not permitted to sell Registrable Securities under the Underlying Shares Registration Statement for any reason for five or more Trading Days (whether or not consecutive); (f) the Underlying Shares Registration Statement is not declared effective by the Commission by the 30th day following the Required Effectiveness Date; (g) the Company fails for any reason to deliver certificates to a Purchaser within five Trading Days after delivery of such certificates is required pursuant to any Transaction Document; (h) the Company fails to have available a sufficient number of authorized but unissued and otherwise unreserved shares of Common Stock available to issue Underlying Shares upon any exercise or conversion of outstanding Securities; (i) the exercise or conversion rights of the Purchasers pursuant to the Transaction Documents are suspended for any reason other than as provided in Section 4.5(g) of the Purchase Agreement (but only so long as the Company is complying with Section 4.5(g) of the Purchase Agreement) or Section 14 hereof; (j) an Event (as defined in the Registration Rights Agreement) occurs and remains uncured for 60 days (excluding any Event that is specifically covered by another subsection of this paragraph); or (k) the Company defaults in the timely performance of any obligation under the Transaction Documents and such default continues uncured for a period of 20 days after the date on which notice of such default is first given to the Company by a Purchaser. View More