Control Conditions Sample Clauses

Control Conditions. A. Control 1,
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Control Conditions. If EBITDA is less than Minimum EBITDA shown in the table below for any period, then following payment in full of the Senior Debt (but subject to reinstatement as provided in the Intercreditor Agreement (Senior Debt)) by the Noteholders or their designees (whether through a refinancing or otherwise), (B) the receipt by the Majority Noteholders or other relevant party of all required Gaming Approvals and (C) any other required regulatory approvals or filings (all of the foregoing conditions, the "CONTROL CONDITIONS"), the Majority Noteholders shall have the right to obtain management control of OpBiz in a manner satisfactory to the Majority Noteholders (the "CONTROL RIGHT"); provided that the Control Right shall terminate upon the consummation of a Qualified Public Offering. PERIOD MINIMUM EBITDA ------ -------------- The consecutive twelve (12) $67,500,000 month period immediately following the fourth anniversary of the Closing Date (the "FIRST MEASUREMENT PERIOD") The consecutive twelve (12) $72,000,000 month period immediately following the last day of the First Measurement Period (the "SECOND MEASUREMENT PERIOD") The consecutive twelve (12) $76,500,000 month period immediately following the last day of the Second Measurement Period

Related to Control Conditions

  • ORIGINAL CONDITIONS A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations and to the same modifications and alterations as the Policy, subject to the terms and conditions of this Contract, and the Reinsurer shall be credited with its exact proportion of the Insured's premiums due to the Company under the Policy.

  • General Conditions (i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.

  • Failure to Fulfill Conditions In the event that either of the parties hereto determines that a condition to its respective obligations to consummate the transactions contemplated hereby cannot be fulfilled on or prior to the termination of this Agreement, it will promptly notify the other party.

  • Additional Conditions For each mediation or arbitration:

  • Failure to Satisfy Conditions If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

  • Vendor’s Conditions The Vendor shall not be obligated to complete the Transaction unless, at or before the Closing Time, each of the conditions listed below in this section has been satisfied, it being understood that the said conditions are included for the exclusive benefit of the Vendor:

  • Buyer’s Conditions The obligations of Buyer at the Closing are subject, at the option of Buyer, to the satisfaction at or prior to the Closing of the following conditions:

  • Special Conditions A submitted appeal must;

  • Payment Conditions The price of the whole accommodation service booked is always payable by the Guest in advance, at the latest upon arrival in the hotel. Set-off by the Guest is excluded unless the set- off relates to an undisputed or legally confirmed claim. Valid means of payment are cash in Euros, EC card, Master Card, Visa Card, Diners Card and American Express. For payment settlement we use the 3D Secure 2.0 system for secure and additional customer authorisation. For further information on data processing for payment transactions see xxxxx://xxx.xxxxx-xxx.xxx/en/data-privacy/.

  • Mutual Conditions The respective obligations of each party to consummate the purchase and issuance and sale of the Purchased Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a party on behalf of itself in writing, in whole or in part, to the extent permitted by applicable Law):

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