Deposit Return Event definition

Deposit Return Event means the occurrence of any of the following:
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Deposit Return Event means, in relation to an Aircraft, a termination of this Agreement in as far as it relates to that Aircraft pursuant to Article 2.5, Article 2.6 or Article 2.7 (other than paragraphs (a) and (b) of Article 2.7.1) and any other circumstances in which sale and associated lease transfer does not complete for reasons not attributable to the Buyer’s default under this Aircraft Sale Agreement or the relevant Lease Transfer Agreement on or before the Final Sale Date, provided, however, that the * The confidential portion has been omitted pursuant to a request for confidential treatment filed by Air T, Inc. with the Securities Exchange Commission and filed separately with the Commission. parties agree to discuss a good faith extension to the Final Sale Date as provided in Article 2.7.3 should the circumstances therein arise.
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Deposit Return Event means the occurrence of any of the following: (a) this Agreement is terminated pursuant to Section 10.1(a); (b) this Agreement is terminated by Buyer pursuant to Section 10.1(c) and the failure to Close in such circumstance is solely due to a failure to satisfy the Closing conditions set forth in Section 8.3(a) or Section 8.3(b) (other than the execution and delivery of the Closing certificate from an executive officer of Seller); or (c) this Agreement is terminated pursuant to Section 10.1(e).
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Examples of Deposit Return Event in a sentence

  • The Deposit shall be non-refundable in that it shall not be returned to Buyer unless all of the following events (the "Refund Conditions") occur: (a) this Agreement is terminated by Buyer or by Seller as permitted herein, and (b) a Deposit Return Event shall have occurred.

  • The Deposit shall be non-refundable in that it shall not be returned to Buyer unless, and only in the event, all of the following events (the “Refund Conditions”) occur: (a) this Agreement is terminated by Buyer or by Seller as permitted herein, and (b) a Deposit Return Event shall have occurred.

  • The Deposit shall be non-refundable in that it shall not be returned to Buyer under any circumstances, unless a Deposit Return Event shall have occurred in which event Seller shall transfer to Buyer, in immediately available funds by wire transfer to an account designated by Buyer, a cash amount equal to the Deposit plus interest thereon at the rate currently available for money market accounts.

  • The Deposit shall be non-refundable unless a Deposit Return Event has occurred, in which event Seller shall cause Seller’s designee to transfer to Buyer, in immediately available funds by wire transfer to an account designated by Buyer, a cash amount equal to the Deposit.

  • The Deposit shall be non-refundable in that it shall not be returned to Buyer unless all of the following events (the “Refund Conditions”) occur: (a) this Agreement is terminated by Buyer or by Seller as permitted herein, and (b) a Deposit Return Event shall have occurred.

  • The Deposit shall be non-refundable unless a Deposit Return Event has occurred, in which event Seller shall transfer to Buyer, in immediately available funds by wire transfer to an account designated by Buyer, a cash amount equal to the Deposit.

  • The FIR shall be delivered to the Government IAW CDRL A008 and other quality records shall be kept complete and copies shall be delivered to the Government upon request for a period of five (5) years after production has ended.

  • This allows the military to monopolize the defense policy process, making it difficult for the MoDNS to really scrutinize the motives of the military.

  • ORCA has representatives in ethical advice to safeguard the welfare of experimental animals several faculties of the University of Belgrade and other scientific organisations.


More Definitions of Deposit Return Event

Deposit Return Event means the termination of this Agreement pursuant to, and in accordance with the terms of, Section 11.1(a), (b), (c), (d), (e) or (f); provided that Buyer is not at such time in material breach of its representations, warranties, covenants and agreements hereunder.
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Deposit Return Event has the meaning set forth in Section 3(b) hereof. Schedule 1
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Deposit Return Event has the meaning given to it in Section 3.2(c). “Deposit Return Notice” has the meaning given to it in Section 3.2(b). “Economic Closing Date” has the meaning given to it in Section 3.1(b).
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Deposit Return Event means the occurrence of any of the following between the date of this Agreement and any time prior to Closing: (i) Seller or the Company is not or ceases to be Solvent; or (ii) any attachment, sequestration, distress or execution or analogous event affecting at least thirty percent (30%) of the assets of Seller or the Company (by value) (except in favor of Purchasers); or (iii) any borrowings of Seller or the Company are not paid when due or on the expiry of any originally applicable grace period, become prematurely due and payable, are placed on demand or are capable of being declared by a creditor to be prematurely due and payable or being placed on demand; or (iv) this Agreement or the Share Pledge Agreement become unenforceable or it becomes unlawful for a party to perform its material obligations under them; or (v) Seller or the Company ceases, or threatens to cease, to carry on business.
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Deposit Return Event means a termination of this Agreement with respect to an Aircraft where one or more of the following applies: (a) an Event of Loss of such Aircraft has occurred; (b) this Agreement with respect to such Aircraft has terminated under Section 6.2 or 6.4(a) in circumstances where Buyer is not in material breach of any of its Obligations under the Sale Documents; (c) Buyer has exercised its option to terminate this Agreement with respect to such Aircraft under Section 6.3(a) or 6.3(c); (d) Seller has determined that Buyer does not satisfy its internal "know your customer" policy requirements, which Seller shall confirm to Buyer in writing within twenty (20) days of the execution of this Agreement; (e) any condition under Section 3.2 or condition precedent under this Agreement or any other Sale Document with respect to such Aircraft has not been satisfied or waived by the Final Delivery Date for such Aircraft, save where such failure is caused by Buyer's material breach of its obligations under this Agreement or any other Sale Document; or (f) notwithstanding any other term of this Agreement, the sale and purchase of such Aircraft does not close by the Final Delivery Date for such Aircraft, unless such failure to close is caused by Buyer's material breach of its obligations under this Agreement or any other Sale Document. "Dollars" or "$" denote the lawful currency for the time being of the United States of America. "EASA" means the European Aviation Safety Agency established by the European Parliament and the Council of the European Union under Regulation (EC) Number 1592/2002 and any successor that under the laws of the European Union shall have from time to time control or supervision of civil aviation in the European Union or have jurisdiction over the registration, airworthiness or operation of all other matters relating to the Aircraft. "Engine CSN/TSN Adjustment" has the meaning given to such term in Section 7.4. "Engines" means, in relation to an Aircraft, the two (2) engines for that Aircraft described in Schedule 1, whether or not installed on the Airframe for that Aircraft at Delivery of that Aircraft, including any Parts relating to such engines, whether or not installed on the Engines at the relevant time. 76536G-3-J -v8.0 - 4 - 80-4071 7007
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Deposit Return Event means the occurrence of any of the following: (a) this Agreement is terminated pursuant to Section 10.1(a); (b) this Agreement is terminated by Buyer pursuant to Section 6.8(a), Section 9.2(c)(ii), or Section 10.1(c), except for the failure of the closing condition in Section 8.1(a); (c) this Agreement is terminated by Buyer pursuant to Section 10.1(d) if the Termination Date shall have occurred due solely to a failure of Seller to have complied with its obligations under this Agreement; or (d) this Agreement is terminated by Seller pursuant to Section 10.1(b) due to the failure of the closing conditions in Section 8.1(b) or Section 8.2(c).
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Related to Deposit Return Event

  • Erroneous Payment Return Deficiency has the meaning assigned to it in Section 14.14(d).

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Distribution Event means any insolvency, bankruptcy, receivership, liquidation, reorganization or similar proceeding (whether voluntary or involuntary) relating to the Company or its property, or any proceeding for voluntary or involuntary liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or bankruptcy.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to the Interest Periods and the Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Average SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Average SOFR Note.Term SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Term SOFR Notes will bear interest at a rate per annum equal to Term SOFR (as defined below) (or Specified-Tenor Term SOFR (as defined below)), plus the Spread.

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Reduction Event means any of the following:

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Make-Whole Fundamental Change Conversion Period has the following meaning: