Admission Conditions definition

Admission Conditions means: (1) there shall be no material adverse change in the financial condition Borrower or any Key Party as a result of the admission, (2) the admitted party is a Person which has financial capability, creditworthiness, and reputation reasonably approved by Lender, (3) not less than thirty (30) days prior to the admission, Borrower shall deliver to Lender (a) a written notice of the subject admission, and (b) copies of all applicable amendments to the organization documents of Borrower or any Key Party that is the subject of the admission, if any; (4) the Loan is current, there exists no Event of Default under any Document except only a non-monetary Event of Default that shall be fully cured immediately upon the consummation of the admission contemplated in this section, and there exists no other event, which, with the giving of notice or the passage of time or both, would constitute an Event of Default under the Documents, except only an event that shall be fully remedied or cured immediately upon the consummation of the admission contemplated in this section; (5) Borrower pays Lender a fee equal to $20,000 for each admission, and (6) Borrower pays all third-party costs incurred by Lender relating to the admission transaction, if any.
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Admission Conditions the conditions specified in Section 1.3.3; "Affiliated Company" in relation to a Code Party means a Subsidiary Undertaking or Holding Company of that Code Party, or another Subsidiary Undertaking of such Holding Company; "Affiliated Member" the meaning given in Section 8.6.4; “Aggregate Market Meter Wholesale Charges the meaning given in Schedule 21; "Aggregate Market Pending Supply Point Registrations" the meaning given in Schedule 21; "Aggregate Market Supply Points" the meaning given in Schedule 21; "Allocated Tranche" the Volume of Water Services or Sewerage Services, supplied (or available to be supplied) in relation to a meter or Supply Point (as the context may require), for which no Wholesale Charge is payable under the Wholesale Charges Scheme, which allocation is based on the Chargeable Meter Size(s) attributable to that meter or Supply Point; "Allocation Process" the process by which the CMA shall allocate to Licensed Providers the Supply Points Registered to a Trading Party in Designated Circumstances, such process to be introduced by the CEO as a Market Code Change Proposal in accordance with Section 8.7; Term Means
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Examples of Admission Conditions in a sentence

  • Declaration of brands forming a constituent part of the contract In accordance with Admission Conditions § § 3, 4 and 6, only those brands declared on the official forms may be exhibited or offered in electronic form at SWISS-MOTO.

  • Admission Conditions has the meaning set out in Clause 3.1. Admission Date means the date on which the Investor is admitted to the Company.

Related to Admission Conditions

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Extension Conditions Defined in Section 3.06(a).

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than 150% of the outstanding principal amount of the Secured Obligations plus the Qualified Cash A/P Amount.

  • Equity Conditions means, during the period in question, (a) the Corporation shall have duly honored all conversions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the applicable Holder on or prior to the dates so requested or required, if any, (b) the Corporation shall have paid all liquidated damages and other amounts owing to the applicable Holder in respect of the Preferred Stock, (c)(i) there is an effective registration statement pursuant to which either (A) the Corporation may issue Conversion Shares or (B) the Holders are permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Corporation believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares may be issued to the Holder pursuant to Section 3(a)(9) of the Securities Act and immediately resold without restriction, (d) the Common Stock is trading on a Trading Market and all of the shares issuable pursuant to the Transaction Documents are listed or quoted for trading on such Trading Market (and the Corporation believes, in good faith, that trading of the Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (e) there is a sufficient number of authorized, but unissued and otherwise unreserved, shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents, (f) the issuance of the shares in question to the applicable Holder would not violate the limitations set forth in Section 6(d) herein and (g) the applicable Holder is not in possession of any information provided by the Corporation, any of its Subsidiaries, or any of their officers, directors, employees, agents or Affiliates, that constitutes, or may constitute, material non-public information.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Minimum Condition has the meaning set forth in Annex I.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Conditions Precedent means the conditions precedent set out in clause 3 below;

  • Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Equity Conditions Failure means that on any applicable date the Equity Conditions have not been satisfied (or waived in writing by the Holder).

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

  • Senior Step Down Conditions As of the first Distribution Date as to which any decrease in the Senior Prepayment Percentage applies, (i) the outstanding principal balance of all Mortgage Loans delinquent 60 days or more (including Mortgage Loans in foreclosure, REO Property and Mortgage Loans the mortgagors of which are in bankruptcy) (averaged over the preceding six month period), as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to the Mortgage Loans do not exceed (a) commencing with the Distribution Date on the fifth anniversary of the first Distribution Date, 30% of the Original Subordinate Principal Balance, (b) commencing with the Distribution Date on the sixth anniversary of the first Distribution Date, 35% of the Original Subordinate Principal Balance, (c) commencing with the Distribution Date on the seventh anniversary of the first Distribution Date, 40% of the Original Subordinate Principal Balance, (d) commencing with the Distribution Date on the eighth anniversary of the first Distribution Date, 45% of the Original Subordinate Principal Balance, and (e) commencing with the Distribution Date on the ninth anniversary of the first Distribution Date, 50% of the Original Subordinate Principal Balance.