Eco Telecom Contribution Default definition

Eco Telecom Contribution Default shall have the meaning specified in the VIP-R Primary Agreement.
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Eco Telecom Contribution Default has the meaning specified in the Primary Agreement.
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Eco Telecom Contribution Default means an Eco Telecom Second Closing Contribution Default and/or an Eco Telecom Third Closing Contribution Default.
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Examples of Eco Telecom Contribution Default in a sentence

  • The assessment of non-temporary measures is a new analytical element, introduced with the Commission’s assessment of the DBPs for 2021.

  • Until the earlier to occur of (i) an Eco Telecom Contribution Default or (ii) the date on which Eco Telecom (having once obtained ownership or control of at least the Specified Percentage of the Company) owns or controls less than the Specified Percentage of the Company, the nominees for the position of Chairman of the Board shall be chosen from the Directors nominated by (or pursuant to the instructions of) Eco 12 <PAGE> Telecom and may be nominated by any one or more of the Directors.

  • Dr Alberto J Castro-Tirado, Instituto de Astrofisica de Andalucía Student ref.

  • Until the earlier to occur of (i) an Eco Telecom Contribution Default or (ii) the date on which Eco Telecom (having once obtained ownership or control of at least the Specified Percentage of the Company) owns or controls less than the Specified Percentage of the Company, the nominees for the position of Chairman of the Board shall be chosen from the Directors nominated by (or pursuant to the instructions of) Eco Telecom and may be nominated by any one or more of the Directors.

  • In the event of an Eco Telecom Contribution Default (as described below), Eco Telecom shall cause such number of its directors to resign from VimpelCom's Board so that Eco Telecom's remaining nominees on the Board will comprise only such number of directors that Eco Telecom could elect based on cumulative voting at such time.

  • Section 7.04 - with respect to Eco Telecom, from and after the date hereof until the earlier of (i) if no Eco Telecom Contribution Default has occurred, the occurrence of the Third Closing and (ii) the expiration of the Call Option Period.

  • In the event of an Eco Telecom Contribution Default, Eco Telecom shall cause such number of the four (4) directors nominated for election to the Board by Eco Telecom to resign from the Board with immediate effect so that Eco Telecom's remaining nominees on the Board will be only those whom it could elect based on cumulative voting at such time (without taking into account any extraordinary rights).

  • In the event of an Eco Telecom Contribution Default or if Eco Telecom, having owned at least the VimpelCom-R Specified Percentage, owns less than the VimpelCom-R Specified Percentage, the VimpelCom-R directors nominated by Eco Telecom will lose their right to nominate the VimpelCom-R CEO, and the VimpelCom-R CEO will immediately resign as VimpelCom-R CEO and, if required, as director.

  • Notwithstanding the foregoing, in the event of an Eco Telecom Contribution Default (other than such default caused by any Specified Legislation which prevents the Second Closing), neither Eco Telecom nor any of its Permitted Transferees will have retain of the foregoing rights.

  • In the event of an Eco Telecom Contribution Default caused by a change in Specified Legislation, Eco Telecom has veto rights with respect to certain matters for a period of one-year following the applicable Eco Telecom Contribution Default.


More Definitions of Eco Telecom Contribution Default

Eco Telecom Contribution Default shall have the meaning ascribed thereto in the Purchase Agreement.
Sample 1

Related to Eco Telecom Contribution Default

  • Registration Default As defined in Section 5 hereof.

  • Non-Defaulting Member means a Member who is not a Defaulting Member.

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Registration Default Period shall have the meaning assigned thereto in Section 2(c).

  • Registration Default Damages shall have the meaning set forth in Section 8 hereof.

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Construction defect means a deficiency in or a deficiency arising out of the design, specifications, surveying, planning, supervision, or observation of construction or construction of residential improvements that results from any of the following:

  • Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Class D Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class D Interest Coverage Ratio is at least equal to 105.0 per cent.

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • 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;

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Subordination Depletion Date The Distribution Date preceding the first Distribution Date on which the Class A Percentage (determined pursuant to clause (ii) of the definition thereof) equals or exceeds 100%.

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.