Canopy Growth is permitted to waive the Triggering Event
. Holders of Acreage Shares as of June 26 are entitled to receive approximately $2.63, being their pro rata portion of $300M paid by Canopy Growth to such persons as consideration for granting the Canopy Growth Call Option.
One of the criteria is that the scheme must be financially sustainable and that in the event of a triggering event
, an event that would put the scheme at risk of needing to wind up, the scheme must hold sufficient financial reserves to cover its gradual closure without putting these additional costs onto the scheme members.
Any such event is referred to in the context of a buy-sell agreement as a triggering event
. It also affords the co-owners or the business entity the ability to maintain the option or mandatory obligation to purchase the interest from an existing owner in order to restrict outsiders or undesirable business partners from becoming owners.
Effective as of 19 December 2017, if any person or group acquires 4.9% or more of the its outstanding shares, or if a person or group that already owns 4.9% or more acquires additional shares representing 0.5% or more, then subject to certain exceptions, there would be a triggering event
under the plan.
A SAFE, on the other hand, is an agreement to provide you a future equity stake based on the amount you invested if -- and only if -- a triggering event
A redemption agreement allows the business entity to purchase the interest of a deceased or withdrawing business owner upon the occurrence of previously agreed upon "triggering event
Bear in mind that if using a "big bucket" approach to record classes--where record types related to the same business function or process and that have similar retention requirements are consolidated into bigger retention buckets--there is the possibility that no single definition of a triggering event
As mentioned, the buy-sell will--in very specific detail--design an orderly transfer of ownership and control following a triggering event
. The agreement also will create a market for otherwise unmarketable ownership interests and create the liquidity needed to pay estate taxes and other expenses.
Asked if the deployment of about 300 soldiers was in response to a "triggering event
," spokesman Josh Earnest said there was no such event, but rather that the troops are part of an enhanced effort to counter the threat from violent extremists in the region.
The concept of triggering event
is ill-defined partly because of the way some scholars have used the concept.
The government's response then was that it wanted a "triggering event
" for the capacity expansion to push through.
Based on this triggering event
, the notes will be convertible until March 31, 2014.