Coverage Requirements definition

Coverage Requirements. The requirements each Basic Concessionaire of Fixed Local Service shall meet according to its concession title(s), in order to provide with it own infrastructure Fixed Local service to the public in general, including a significant percentage of residential Subscribers and Users, so as to contribute to the purposes of the National Development Plan aimed to increase telephone service coverage and penetration.
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Examples of Coverage Requirements in a sentence

  • Designation of Net Available Cash from an Asset Sale as Available Basket Proceeds upon Satisfaction of Station Value Coverage Requirements.

  • Provided no additional Event of Default occurs and provided that the Borrower is in compliance with the Debt Service Coverage Requirements set forth in Paragraph 4.12, as amended herein, the Lender hereby agrees to forbear from exercising any of its rights and remedies against the Borrower and the Guarantors for a violation of Paragraph 4.13 of the Agreement relating to certain occupancy requirements for the Facilities.

  • Guarantor’s obligation to fund such additional Operating Deficits shall not commence unless and until (1) the Budgeted Operating Deficits line item has been fully advanced by Lender pursuant to the provisions of this Agreement, and (2) the Facility is out of compliance with certain Debt Service Coverage Requirements set forth in the Guaranty.

  • The Insurance Coverage Requirements contained hereunder are not intended to cover all of the Supplier's exposures to loss under this Contract.

  • All group health plans of the Sellers and their Subsidiaries have been operated in compliance with all applicable Continuation Coverage Requirements in all material respects.

  • Guarantor Coverage Requirements....................................................

  • Cash from an Asset Sale as Available Basket Proceeds upon Satisfaction of Station Value Coverage Requirements.

  • The Plan Administrator shall then determine the number of groupings (determined under paragraph (ii) above) of Failsafe Participants which must "benefit" in order that the Code Coverage Requirements are satisfied, using the groupings with the highest aggregate Compensation for such Plan Year first, and only using the minimum number of such groupings to the extent absolutely necessary to satisfy the Code Coverage Requirements.

  • The forbearance described herein shall cease immediately, and Lender may pursue its remedies related to the defaults described above, should the Borrower fail to comply with the terms set forth herein or should Borrower fail again to meet the Debt Service Coverage Requirements so long as the Loan is outstanding.

  • Type of Coverage Requirements US **** combined single limit per occurrence; this insurance must include coverage for products, completed Commercial General Liability Insurance operations, blanket contractual and broad form property damage liabilities; Sun must be named as an additional insured or loss payee.

Related to Coverage Requirements

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.

  • Coverage Tests means each of the Overcollateralization Ratio Test and the Interest Coverage Ratio Test.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;

  • Reporting Requirements As defined in Section 11.12.

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • Statement of Requirements means a statement issued by the Authority or any Other Contracting Body detailing its Services Requirement issued in accordance with the Ordering Procedure;

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Rebate Requirement means the amount of arbitrage profits earned from the investment of gross proceeds of Tax-exempt Bonds in nonpurpose investments described in Section 148(f)(2) of the Code and defined as "Rebate Amount" in Section 1.148-3 of the Treasury Regulations, which is payable to the United States at the times and in the amounts specified in such provisions.

  • Asset Coverage Test is met if the Adjusted Aggregate Asset Amount (as defined below) shall be in an amount at least equal to the Canadian Dollar Equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as calculated on the relevant Calculation Date. For greater certainty, references in this Schedule to “immediately preceding Calculation Date” and “previous Calculation Date” are to the Calculation Period ending on the Calculation Date.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • essential requirements means all the conditions set out in Annex III which must be met by the rail system, the subsystems, and the interoperability constituents, including interfaces;

  • Environmental and Safety Requirements means all federal, state, local and foreign statutes, regulations, ordinances, codes and other provisions having the force and effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety, and pollution or protection of the environment, including all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control or cleanup of, or exposure to, any hazardous materials, substances or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise or radiation, as previously, now or hereafter in effect.

  • performance requirement means a requirement that:

  • Safety Requirements means Prudent Electrical Practices, CPUC General Order No. 167, Contractor Safety Program Requirements, and all applicable requirements of Law, PG&E, the Utility Distribution Company, the Transmission Provider, Governmental Approvals, the CAISO, CARB, NERC and WECC.