Triggering Event

Triggering Event. Means any of the following events: (a) the Common Stock is not listed or quoted, or is suspended from trading, on the Principal Market (or, if not traded on the Principal Market, on the Eligible Market on which the Common Stock is then traded) for a period of forty-five (45) or more consecutive Trading Days or for more than an aggregate of sixty (60) Trading Days in any in any 12-month period; (b) the Corporation fails for any reason to deliver a certificate evidencing any shares of Common... Stock to a Purchaser after delivery of such certificate is required pursuant to this Certificate of Designations (including upon conversion of any Series C Preferred Stock by a Holder pursuant to this Certificate of Designations), which failure is not cured within ten (10) Business Days, or the right of any Holder to convert the shares of Series C Preferred Stock held by such Holder into Common Stock is suspended for any reason; (c) the Corporation fails to have full authority, including under all laws, rules and regulations of the Principal Market (or, if not traded on the Principal Market, of the Eligible Market on which the Common Stock is then traded), to issue Underlying Shares, subject to any limitation on issuance of Underlying Shares set forth in Section 3(c) and Section 3(e); (d) at any time after the Closing Date, any Common Stock issuable pursuant to the Transaction Documents is not listed on an Eligible Market; or (e) the Closing Bid Price is less than $0.10 (as adjusted for any stock split, stock dividend, stock combination or other similar transactions with respect to the Common Stock) for forty-five (45) or more consecutive Trading Days or for more than an aggregate of sixty (60) Trading Days in any in any 12-month period. View More

Triggering Event. Means the occurrence of any of the following: (a) Any of the Critical Contracts is cancelled (whether with or without cause), terminated, made subject to modifications that can reasonably be expected to materially reduce the revenues derived from therefrom, or is not renewed within 30 days prior to its current (or any future) expiration date; or (b) Guarantor undertakes or becomes subject to a Cross-Guaranty; (c) Guarantor grants or becomes subject to a Cross-Pledge; or (d) Borrower makes a... Permitted Affiliate Advance. View More

Triggering Event. Means: (a) Except as provided in subsection (b) of this Section 1.13, (i) any involuntary termination of the Executive's employment by the Company within six [6] months preceding a Change of Control without the Executive's express written consent; (ii) any involuntary termination of the Executive's employment by the Company within three [3] years following a Change in Control without the Executive's express written consent; or (iii) any termination of the Executive's employment by the... Executive for Good Reason within three [3] years following a Change in Control. (b) The following circumstances shall not constitute a Triggering Event within the meaning of this Section: (i) Termination of the Executive's employment by reason of the Executive's death; (ii) Termination of the Executive's employment as a result of Disability; (iii) Termination of the Executive's employment for Cause; or (iv) Voluntary termination of employment by the Executive other than for Good Reason. View More

Triggering Event. In the case of a Change of Control Termination Payment, the Change of Control Closing or the date of termination, whichever is later. In the case of a Severance Payment, the date of termination. In the case of Change of Control Retention Payment, the 12 month anniversary of the Change of Control Closing.

Triggering Event. (A) an Event of Default has occurred as of such date, or (B) Availability is less than 12% of the Maximum Revolver Amount for three (3) consecutive Business Days immediately preceding such date.

Triggering Event. Shall have the meaning ascribed thereto in Exhibit A to Schedule A hereto

Triggering Event. Means the first occurrence after the date of this Agreement of a Change in Control or a Qualified Event.

Triggering Event. An Involuntary Termination or a Constructive Termination that occurs in the two-year period that begins on the date of the consummation of a Change of Control.

Triggering Event. Shall have the meaning provided in the Articles Supplementary

Triggering Event. A "Triggering Event" for the purpose of this Agreement will be deemed to have occurred if, while Executive is employed by the Company and within two years after the date on which a Change in Control occurs, (a) the Company terminates the employment of Executive, other than in the case of a termination for Cause, a termination by the Company following Executive's disability, or a termination based on death or (b) Executive terminates his employment with the Company by means of a Constructive... Termination. For purposes of this Agreement, Executive's employment shall be deemed to have terminated within two years after the date of a Change in Control where Executive's employment is terminated by the Company without Cause prior to a Change in Control at the direction or request of any person or group contemplating a Change in Control, and a Change in Control involving such person or group occurs within twelve (12) months following such direction or request (an "Anticipatory Termination"), and in such case, the Termination Date shall be deemed to be the date of the Change in Control, except that the amount of any benefits and compensation to which Executive is entitled pursuant to Section 2 shall be determined as of the actual date of the termination of Executive's employment with the Company. View More