Entitlement Condition definition

Entitlement Condition means the issuance of all of the following:
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Entitlement Condition shall have the meaning set forth in Section 12.1.1 hereof.
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Entitlement Condition means the occurrence of the following, but in all cases (A) solely with respect to the events and conditions discovered by Purchaser during the Contingency Period and identified in a writing delivered to XXXX, and (B) to the extent required by, and subject to, the terms imposed by the County of Ventura or any applicable state or local governmental agency or regulatory authority within the State of California, (y) but expressly excluding: (1) the terms set forth in Measure O approved by Ventura County ballot referendum on November 3, 2020, inclusive of SOAR (Save our Agricultural Resources), and (2) and notices of violations (or similar type notices, orders or requests) that relate to the Real Property and are the responsibility of the CEFF Parties to correct or remediate, and (z) subject to Section 11, 11.1 and 11.2: (a) the approval, issuance or certification, as the case may be, by applicable governmental agencies and authorities of all entitlements, approvals, licenses and permits necessary for the operation of the entire Real Property (i.e. 5 million square feet of existing greenhouses and all existing packing facilities) for Cannabis Use, and the annual or other periodic renewal or re-issuance of such entitlements, approvals, licenses and permits as required under applicable law or regulations on or before the Section 8.4 Expiration Date; (b) subject to the other provisions of this Agreement (including Section 11.2), the approval, issuance or certification, as the case may be, by applicable governmental agencies and authorities of all discretionary entitlements, approvals and permits necessary for the construction and completion of improvements to the Real Property in accordance with those conceptual plans of Purchaser or Mercer Park attached hereto as Exhibit E, and the annual or other periodic renewal or re-issuance of such entitlements, approvals, licenses and permits as required under applicable law or regulations on or before the Section 8.4 Expiration Date; and (c) in the event of any timely made appeal or legal challenge being pursued (whether by administrative appeal, lawsuit or otherwise) with respect to the issuance, renewal or re-issuance of one or more of the above-described entitlements, approvals and permits set forth in this Section 2.23 (each, an "Entitlement Appeal"), upon the final resolution of any such challenge in favor of Purchaser (whether by final judgment, dismissal with prejudice, dismissal of any appeal, settlement or otherw...
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Examples of Entitlement Condition in a sentence

  • Subject to Condition 7.6 (Cessation of Profit Entitlement), Condition 11.2 (Early Dissolution for Tax Reasons), Condition 11.3 (Dissolution at the Option of the Trustee) and Condition 14 (Dissolution Events) below, and unless otherwise specified in the applicable Final Terms or the applicable Pricing Supplement, as the case may be, each Periodic Distribution Amount will be made in respect of the relevant Trust Certificates in arrear on each Periodic Distribution Date.

  • Subject to Condition 7.6 (Cessation of Profit Entitlement), Condition 11.2 (Early Dissolution for Tax Reasons), Condition 11.3 (Dissolution at the Option of the Issuer) and Condition 14 (Dissolution Events) below, and unless otherwise specified in the relevant Final Terms or Pricing Supplement, as the case may be, each Periodic Distribution Amount will be made in respect of the relevant Trust Certificates in arrear on each Periodic Distribution Date.

  • Subject to Condition 7.5 (Cessation of Profit Entitlement), Condition 11.2 (Early Dissolution for Tax Reasons), Condition 11.3 (Dissolution at the Option of the Issuer), Condition 11.4 (Redemption at the Option of the Certificateholders), and Condition 14 (Dissolution Events) below, and unless otherwise specified in the applicable Final Terms, each Periodic Distribution Amount will be paid in respect of the relevant Trust Certificates in arrear on each Periodic Distribution Date.

  • The relevant Executive Authorities must send the responses to the recommendations as set out in section 7 above to Parliament within 60 days of the adoption of this report by the National Assembly.

  • Landlord shall notify Tenant of the Entitlement Conditions applicable to the Zoning Permits (including, without limitation, any Entitlement Base Building Plan Changes and any Layout Changes), within three (3) business days following the determination thereof (“Landlord's Entitlement Condition Notice”).

  • The parties intend that if the necessary Permits and Approvals are granted and neither Landlord nor Tenant exercises any applicable Entitlement Condition Termination, then Landlord will build the New Building and Tenant will lease the Office Portion thereof pursuant to the terms hereof.

  • Subject to Condition 8.5 (Cessation of Profit Entitlement), Condition 12.2 (Early Dissolution for Tax Reasons), Condition 12.3 (Dissolution following a Total Loss Termination Event) and Condition 16 (Dissolution Event), and unless otherwise specified in the applicable Pricing Supplement, each Periodic Distribution Amount will be paid in respect of the relevant Sukuk in arrear on each Periodic Distribution Date.

  • If the Layout is revised in the course of obtaining the Zoning Permits, and neither party exercises its Entitlement Condition Termination as set forth above (if applicable), then such revisions to the Layout shall be deemed approved by both Landlord and Tenant, and the “Layout” as used herein shall refer to the Layout as so revised.

  • Subject to Condition 7.5 (Cessation of Profit Entitlement), Condition 11.2 (Early Dissolution for Tax Reasons), Condition 11.3 (Dissolution at the Option of the Issuer) and Condition 14 (Dissolution Events) below, and unless otherwise specified in the applicable Final Terms, each Periodic Distribution Amount will be paid in respect of the relevant Trust Certificates in arrear on each Periodic Distribution Date.

  • Subject to Condition 6.5 (Cessation of Profit Entitlement), Condition 9.3 (Dissolution Following a Total Loss Event) and Condition 12 (Dissolution Events) below, and unless otherwise specified in the applicable Pricing Supplement, each Periodic Distribution Amount will be paid in respect of the relevant Certificates in arrear on each Periodic Distribution Date.


More Definitions of Entitlement Condition

Entitlement Condition means the occurrence of the following:
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Related to Entitlement Condition

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • 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).

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

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

  • 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.

  • Review Satisfaction Date means, with respect to any Asset Review, the first date on which (a) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger and (b) a Noteholder Direction with respect to such Asset Review has occurred.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Pre commencement condition means a condition imposed on the grant of permission which must be complied with: before any building/ other operation/ or use of the land comprised in the development is begun.

  • 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.

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

  • Release Condition means the following:

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

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Entitlement Holder shall have the meaning specified in Section 8-102 of the UCC.

  • performance requirement means a requirement that:

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Performance Condition means any performance condition imposed under rule 4.1 (Performance Conditions);

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

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • 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.