Exclusion Conditions definition
Exclusion Conditions means: (i) with respect to any particular SELECTED COMPOUND or PRODUCT, TARGACEPT (A) licenses or otherwise conveys to a third party the right to manufacture, or to control manufacturing of, such SELECTED COMPOUND or PRODUCT (except where TARGACEPT merely outsources the manufacturing function for such SELECTED COMPOUND OR PRODUCT on a contract basis for its own benefit), (B) enters into a strategic collaboration or partnership, however structured, pursuant to which its collaborator or partner assumes responsibility for, or control of, manufacturing such SELECTED COMPOUND or PRODUCT, or (C) determines, in the exercise of its good faith discretion, that SIEGFRIED’s performance hereunder is sub-standard or otherwise unsatisfactory; or (ii) with respect to any particular task, TARGACEPT determines that SIEGFRIED does not possess the experience, expertise or capability required to perform such task.
Exclusion Conditions has the meaning assigned thereto in Section 8.07.
Exclusion Conditions means, as of any date of determination, the satisfaction of all of the following conditions on such date: (i) no Event of Termination, Non-Reinvestment Event, Unmatured Event of Termination or Unmatured Non-Reinvestment Event has occurred and is continuing, or would result from the proposed designation of such Obligors as Excluded Obligors, (ii) after giving effect to such proposed designation of such Obligors as Excluded Obligors, no Capital Coverage Deficit exists or would exist, and the Aggregate Capital does not exceed the Facility Limit, (iii) the sum of (x) the related Excluded Receivables of such proposed Excluded Obligors, plus (y) the related aggregated Excluded Receivables of each Excluded Obligor designated as such pursuant to this Section 9.07 during the then-current fiscal year shall not exceed 5.00% of the average aggregate Outstanding Balance of all Pool Receivables for each fiscal year, and (iv) the Termination Date has not occurred.
Examples of Exclusion Conditions in a sentence
Each of Borrower and the Servicer hereby represents and warrants, as to itself, to the Administrative Agent, each Lender and each Group Agent, as of the date hereof, and as of the Excluded Obligor Date, the Exclusion Conditions are satisfied.
The definition of “Excluded Property” in Section 2 to the Pledge and Security Agreement is hereby amended to include the Equity Interests issued by NewCo, subject to the Exclusion Conditions.
Lessor and Lessee acknowledge and agree that from and after the date hereof, Lessee shall have no rights or obligations under the Lease with respect to the Excluded Premises, except for: (i) any obligations that, under the terms of the Lease, would survive the Termination Date; (ii) Lessee’s obligations under the Second Amendment to approve, execute (if necessary) and be bound by the Related Agreements; and (iii) any other obligations of Lessee with respect to the Exclusion Conditions.
More Definitions of Exclusion Conditions
Exclusion Conditions means, as of any date of determination, the satisfaction of all of the following conditions on such date: (i) no Event of Termination or Unmatured Event of Termination has occurred and is continuing, or would result from the proposed designation of such Obligors as Excluded Obligors, (ii) after giving effect to such proposed designation of such Obligors as Excluded Obligors, no Borrowing Base Deficit exists or would exist, (iii) the Termination Date has not occurred and (iv) the aggregate Outstanding Balance of all Receivables of such proposed Excluded Obligor as of the date of such Excluded Obligor Request plus the aggregate Outstanding Balance of all Receivables of each other Excluded Obligor that became an Excluded Obligor during the prior twelve months (measured as of the date such Person became an Excluded Obligor) do not exceed 10.0% of the aggregate Outstanding Balance of all Pool Receivables as of such date.
Exclusion Conditions means the following conditions: (A) the Premises Reduction Date shall have occurred; (B) the Retained Premises shall consist of one or more separate legal lots or parcels which comply in all respects with all applicable subdivision and lot split laws and ordinances; (C) the Excluded Premises shall consist of one or more separate legal lots or parcels which comply in all respects with all applicable subdivision and lot split laws and ordinances; (D) Lessor and Lessee shall have approved in writing, each in its reasonable discretion, the form(s) of one or more written agreements (the "Related Agreements") which (1) establish such easements, covenants and restrictions relating to the Retained Premises and the Excluded Premises as may be reasonably satisfactory to each party, and (2) allocate between Lessee and Lessor, based upon the respective benefits reasonably estimated by the parties to be conferred upon the Retained Premises and the Excluded Premises and/or any other relevant equitable considerations: (x) any obligations to construct and/or maintain, or pay the costs of any construction and/or maintenance of, any infrastructure improvements required by the City of San ▇▇▇▇ in connection with the development of the Original Premises, including, without limitation, any such obligation that must be satisfied as a condition to recordation of any final map, (y) any residual obligations arising under the Purchase Agreement, and (z) any other rights and responsibilities that might be customary or desirable for the operation, development and/or ownership of the Retained Premises and the Excluded Premises; (E) Lessor and Lessee have agreed upon the modifications that are required to be made to the Lease pursuant to Paragraphs 7(a) and 7(b) hereof, and (F) no Material Default shall be continuing.
Exclusion Conditions has the meaning set forth in Section 9.07(a).
Exclusion Conditions means, as of any date of determination, the satisfaction of all of the following conditions on such date: (i) no Termination Event or Unmatured Termination Event has occurred and is continuing, or would result from the proposed designation of such Obligor as a Excluded Obligor, (ii) after giving effect to such proposed designation of such Obligor as a Excluded Obligor, the Aggregate Investment does not exceed the Purchase Limit, and the Purchased Interest does not exceed 100% and (iii) the Facility Termination Date has not occurred.
Exclusion Conditions means, as of any date of determination, the satisfaction of all of the following conditions on such date: