Early Amortization Event. As of the date hereof, there shall exist no Series 2000-1 Early Amortization Event or Potential Series 2000-1 Early Amortization Event.
Early Amortization Event. Transferor reasonably believes that (A) the addition of the Receivables arising in the Supplemental Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in the selection of Supplemental Accounts (from among the available Eligible Accounts owned by the Credit Card Originator) that would be materially less favorable to the interests of the Investor Holders of any Series as of the Addition Date than a random selection;
Early Amortization Event. As of any Determination Date, the existence of any one of the following events or conditions shall constitute an Early Amortization Event:
(1) An Event of Default shall have occurred and then be continuing;
(2) The sum of the then unpaid principal balances of all Notes then Outstanding on any Payment Date (after giving effect to all payments of principal to be paid on such Payment Date) exceeds the Asset Base, and such condition is not remedied for a period of ten (10) consecutive days;
(3) A Manager Default shall have occurred and then be continuing;
(4) The Interest Coverage Ratio of the Issuer determined as of any Payment Date occurring on or after the Effective Date shall be less than 1.1 to 1.0;
(5) The Issuer, Manager or Guarantor shall fail to be in compliance with any of their financial covenants set forth in this Agreement, the Management Agreement, the Guaranty or any other Transaction Document;
(6) The Weighted Average Age of the Equipment as of any Payment Date is greater than eight (8) years; or
(7) The Cronos Group shall have a Tangible Net Worth Leverage Ratio in excess of 5:1;
(8) The Cronos Group shall have a Gearing Ratio in excess of 4:1;
(9) The Agent shall not have received all such documentation that it considers necessary or desirable to perfect the security interest of the Agent on behalf of the Noteholders in the Patents within the time frame set forth in Section 1003 hereof; or
(10) The Agent shall not have received all opinions set forth in Section 1001(e) hereof in form and substance satisfactory to it within five (5) Business Days after the Effective Date. If an Early Amortization Event exists on any Payment Date, then such Early Amortization Event shall be deemed to continue until the earlier of (x) the Business Day immediately preceding the Payment Date on which no Early Amortization Event exists and (y) the Business Day on which the Majority of Holders waives in writing such Early Amortization Event. Upon the occurrence of an Early Amortization Event of the type set forth in clauses (1), (2), (3), (4), (6) or (7) of this Section 1101, the Agent shall have the right to conduct an annual audit of the Issuer at Issuer's expense.
Early Amortization Event. The occurrence or existence of any of the following events or conditions:
Early Amortization Event. Transferor reasonably believes that (A) the removal of the Receivables existing in the Removed Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in a selection of Removed Accounts from among any pools of Accounts of a similar type that would be materially adverse to the interests of the Investor Holders of any Series as of the Removal Date; and
Early Amortization Event. Transferor reasonably believes that (i) the Transferor has used reasonable efforts to avoid having the removal of the Transferred Receivables existing in the Removed Accounts designated hereby cause an Early Amortization Event to occur with respect to any series, and (ii) no selection procedure believed by Transferor to be materially adverse to the interests of Buyer or any of its creditors has been used in removing Removed Accounts designated hereby from among any pool of Accounts of a similar type (it being understood that Transferor will not be deemed to have used such an adverse selection procedure in connection with any Involuntary Removal) as of the Removal Date; and
Early Amortization Event. The occurrence during the Revolving Period of one or more of the following: (i) the amount on deposit in the Reserve Account is less than the Specified Reserve Account Balance on two consecutive Distribution Dates after payment of the Aggregate Additional Receivables Principal Balance; (ii) the amount on deposit in the Accumulation Account is less than the Target Reinvestment Amount on two consecutive Distribution Dates after payment of the Aggregate Additional Receivables Principal Balance; (iii) after payment of the Aggregate Additional Receivables Principal Balance on three consecutive Distribution Dates, the amount on deposit in the Accumulation Account exceeds 0.10% of the Initial Aggregate Receivables Principal Balance; (iv) an Event of Default occurs; or (v) a Servicer Default occurs.
Early Amortization Event. Before and after giving effect to such Series 2009-1 Advance, no Early Amortization Event shall have occurred and be continuing unless such Series 2009-1 Advance has been approved by each Series 2009-1 Noteholder.
Early Amortization Event. In the case of the happening of any Early Amortization Event, the Administrative Agent may, and at the direction of the Required Lenders shall, by notice to the Borrowers, provide written notice to the Borrowers that an Early Amortization Event has occurred.
Early Amortization Event. The occurrence of an Early Amortization Event under the Base Indenture.
