Exemption Condition definition

Exemption Condition means, at any time with respect to any Subsidiary of the Borrower that is not a Guarantor, such Subsidiary is not a borrower or guarantor of, and does not have a payment obligation in respect of, Indebtedness for borrowed money that constitutes Recourse Indebtedness (other than Indebtedness permitted under Section 7.02(b)).
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Examples of Exemption Condition in a sentence

  • Conditions for Exemption Condition for Exemption for VSQGsAs part of this provision, VSQGs are required to meet the following conditions for exemption, found at§ 262.14(a)(5)(viii).

  • Conditions for Exemption Condition for Exemption for CESQGsAs part of this provision, CESQGs would be required to meet the following conditions for exemption, proposed at§ 262.14(a)(viii).

  • Payment plans, disconnection and reconnectionEWON supports the amendment of Core Exemption Condition 11 (Reconnection or re-energisation) and the introduction of Core Exemption Condition 12 (Payment plans).

  • To correct or select a different Exemption Condition, click the BACK button until you see a RESET button.

  • Correct the specific Exemption Condition or use the RESET button to clear all the Responses.

  • Table 3.2 Exemption Condition by Housing Group Exempt conditionCurrent Housing StatusWithin a row, cells sharing a superscript letter are significantly different at p<.05 t-test.

  • It was announced on 7 June 2019 that the Final Offer would be conditional on the OIO Pre- Condition and the New Zealand Panel Exemption Condition.

  • It should be an exemption condition for re-sellers to provide information to customers about concessions and rebates not just when the account is first set up (Condition 2e, Core Exemption Condition) but on a more ongoing basis such as on their bills.

  • However, under the proposal indicated as Exemption Condition 8, which states that a grave plot must be not less than 5m2 in area, the Godalming Joint Burial Committee would stand to lose at least 36% of its remaining adult burial spaces, 68% of spaces for children under the age of 12 and 98% of graves for babies and still-born.

  • Replicated across England and Wales, the Exemption Condition 8 proposal would, at the stroke of a legislative pen, decimate the future availability of burial plots.

Related to Exemption Condition

  • 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.

  • 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).

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Extension Conditions Defined in Section 3.06(a).

  • 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.

  • Qualifying condition means a condition described in Section 26-61a-104.

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

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Change in condition means a change in physical condition of the employee as well as any change

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

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

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

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than 150% of the outstanding principal amount of the Secured Obligations plus the Qualified Cash A/P Amount.

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Acute condition means a disease, illness or injury that is likely to respond quickly to treatment which aims to return the person to his or her state of health immediately before suffering the disease/ illness/ injury which leads to full recovery.

  • Release Condition means the following:

  • Business Condition of any Person shall mean the condition (financial or other), earnings, results of operations, business, properties or prospects of such Person.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Delivery Condition has the meaning set forth in Section 2.2(a).

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Acceptance Condition means the acceptance condition to any Offer;

  • 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.