Deferral Condition definition

Deferral Condition means with respect to any Deferred Asset, the specified condition to Closing relating to such Deferred Asset set forth in this Agreement, including those specifically set forth in Section 7.1(a) hereof, that, unless satisfied or waived, results in the Closing with respect to such Deferred Asset being delayed.
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Deferral Condition means, as applicable, (i) if such Transferred Asset constituted a Deferred Asset pursuant to the provisions of Section 8.5, then the discharge of the Title Exception(s) applicable to such Property or the written election by Buyer to accept title to such Property subject to such Title Exception(s), (ii) if such Transferred Asset constituted a Deferred Asset pursuant to the provisions of Section 8.6, then the discharge of the Voluntary Title Exception(s) or Monetary Title Exception(s) applicable to such Property or the written election by Buyer to accept title to such Property subject to such Voluntary Title Exception(s) or Monetary Title Exception(s), or (iii) if such Transferred Asset constituted a Deferred Asset pursuant to the provisions of Section 14.33, then the completion of the repairs as evidenced by a certificate of substantial completion executed by the relevant Seller’s general contractor/architect.
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Deferral Condition has the meaning set forth in Section 2.11.
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Examples of Deferral Condition in a sentence

  • Any senior preferred units or the promissory note shall be redeemed or payable when and to the extent the Cash Deferral Condition which prompted their issuance no longer exists.

  • Any senior preferred shares or the promissory note shall be redeemed or payable when and to the extent the Cash Deferral Condition which prompted their issuance no longer exists.

  • Upon the occurrence of a Mandatory Payment Event or a Mandatory Partial Payment Event, all Deferred Interest Payments will become mandatorily due and payable in full on the date of either such event, notwithstanding any further Deferral Notice or an occurrence or continuance of a Required Deferral Condition.

  • Any such preferred units issued shall be promptly redeemed (i) when the Cash Deferral Condition which prompted their issuance no longer exists, (ii) upon consummation of a Public Offering of the Company or Xxxxxxx Foods Holdings, Inc.

  • The "Required Deferral Condition" will be met if the Company determines that the Solvency Conditions (i) are not satisfied on the Relevant Date, or (ii) will not be satisfied following the relevant Payment.

  • Other Duty Deferral Condition Reference types may also conditionally be returned to the Filer/Transmitter in an output response, as well, as an aid to identify which data element in the submission has caused or contributed to a fatal or informational condition.

  • Duty Deferral Condition Reference (Output E0).‌ The Duty Deferral Condition Reference may be returned in the output multiple times within a single response Duty Deferral Response Transaction Grouping.

  • Except in a bankruptcy, all payments on this Security will be conditional upon not triggering the Required Deferral Condition.

  • Interest deferralInterest Deferral ConditionIAG may in its absolute discretion defer the payment of interest on the Notes on a Scheduled Interest Payment Date if an Interest Deferral Condition exists.

  • Actual interest payments may be higher or lower than in this example.> The Interest Rate for the first Interest Period will be set on the Issue Date.> AGL must make interest payments quarterly unless a Mandatory Deferral Condition exists, in which case interest payments are deferred.


More Definitions of Deferral Condition

Deferral Condition shall have the meaning set forth in Section 12(e).
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Deferral Condition has the meaning set forth in Section 3.7(b)(ii).
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Related to Deferral Condition

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Payment Election means an election pursuant to Section 5.1.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Plan Year means the calendar year.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Deferral Agreement means the annual written agreement between the Funds and the Participant to defer Compensation under the Plan.

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Salary reduction plan means a benefit plan whereby state and