Exemption Conditions definition

Exemption Conditions means, at any time with respect to any Subsidiary of the Company, the satisfaction of the following conditions: (i) a Permitted Subsidiary Guarantor Release shall have been effected on or prior to such time and (ii) such Subsidiary is not party at such time to a Guaranty of, and is not otherwise an obligor in respect of, any Indebtedness of the Company (other than the Obligations).
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Exemption Conditions means, at any time with respect to any Subsidiary, the satisfaction of the following conditions: (i) such Subsidiary shall not have any Indebtedness (other than Secured Indebtedness) at such time, including, without limitation and for the avoidance of doubt, Indebtedness (other than Secured Indebtedness) incurred under or in connection with notes or bonds issued pursuant to a Rule 144A Transaction, (ii) the Parent and/or ESR OP shall have received an Investment Grade Rating on or prior to such time and (iii) an Investment Grade Permitted Release shall have been effected on or prior to such time with respect any Subsidiary of ESR OP.
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Exemption Conditions means, as of a date of determination, each of the following conditions: (A) no Equity Interests (other than Company Common Shares issued upon the exercise of Company Options outstanding on the date hereof), or Commitments to acquire Equity Interests, in the Company shall have been issued or redeemed after the date hereof and prior to or on such date of determination, (B) between the date hereof and such date of determination, no stockholder of the Company shall have acquired direct or indirect control of additional Company Common Shares, such that such stockholder then controls directly or indirectly 50% or more of the outstanding Company Common Shares, and (C) the sum of (1) the number of Company Common Shares or Company Options to acquire Company Common Shares held on the date hereof by Persons who have addresses without the State of California and which prior to or on such date of determination shall have become held by Persons who have addresses within the State of California (including by means of a change of address of record of any such a Person or upon the exercise of any such Company Option), plus (2) the quotient of (x) the number of Company Common Shares held on the date hereof by Persons who have addresses without the State of California which are then held to the knowledge of the Company in the names of broker-dealers or nominees of broker-dealers, divided by (y) four; shall be less than 100,000.
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Examples of Exemption Conditions in a sentence

  • Private Hire Vehicle Plate Exemption Conditions The conditions listed below apply to all private hire vehicles granted an exemption by Huntingdonshire District Council from the requirement to display an external identification plate (private hire vehicle licence plate).

  • Chemicals Exempt from Labeling Exemption Conditions for exemption Chemical substance, consumer product, hazardous substance, or pesticide When kept in its manufacturer's or supplier's original packaging labeled...

  • Students must still participate in the Mathematics, Science, and Social Studies State assessments.Special Medical Exemption Conditions for AssessmentsStudents may be exempted from a State Assessment when a significant medical emergency has rendered the student incapable of participating in any academic activity and/or statewide assessment.

  • A hazardous chemical is exempt from this part under the conditions de- scribed in Table 47.91 as follows: TABLE 47.91—CHEMICALS AND PRODUCTS EXEMPT FROM THIS HAZCOM STANDARD Exemption Conditions for exemption Article ......................................................................

  • However, under two circumstances, (listed below) students can be exempted for accountability purposes.Special Exemption Conditions for ELs on the ELA AssessmentSection 2 Section 2 ELs who have recently arrived in the United States may be exempted from one administration of the State ELA Assessment.

  • The student’s test must be returned to the vendor for scoring with all other scorable test materials to allow the student to receive a score for the Mathematics or Science test and to be counted as a testing participant.Special Medical Exemption Conditions for MSA Section 2 Students may be exempted from the MSA when they cannot take the assess- ment during the entire testing window, including the make-up dates, because of a significant medical emergency.

  • District-1.) CITY MANAGER'S RECOMMENDATION: Introduce the following ordinance: (O-95-1) INTRODUCED, TO BE ADOPTED ON AUGUST 8, 1994 Introduction of an Ordinance amending Chapter VI, Article 3, of the San Diego Municipal Code by adding Division 10, entitled Ecological Reserves, and Section 63.1001, relating to Seal Rock Marine Mammal Reserve, to include California Coastal Commission Permit Conditions and California Department of Fish and Game Permit Exemption Conditions.

  • Special Exemption Conditions for ELL Students on the Maryland School Assessment (MSA) in ReadingEnglish language learners (ELLs) who are in their first year of enrollment in a U.S. school may substitute their test results on the ELPT for the Reading MSA rather than sitting for the MSA Reading test itself.

  • Plan Shares will be issued to or acquired by Permanent Employees under the Plan, provided the Plan and the Permanent Employees satisfy the requirements of subsections 83A-35(2), 83A-45(6) and 83A-45(7) of the Income Tax Assessment Act and shall otherwise satisfy the Exemption Conditions so as to permit the application of sections 83A-35 and 83A-45 of the Income Tax Assessment Act to Permanent Employees.

  • Customer bills will be issued to customers of the Embedded Network in a format compliant with the AER’s Core Exemption Conditions; iv.


More Definitions of Exemption Conditions

Exemption Conditions means any conditions attaching to our retail exemption or network exemption under the Energy Laws.
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Related to Exemption Conditions

  • 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.

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

  • Extension Conditions Defined in Section 3.06(a).

  • 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).

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

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • 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 the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • 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.

  • 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.

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

  • Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement.

  • 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.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

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

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

  • 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.

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

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

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

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.