Exit Conditions definition

Exit Conditions means the following:
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Exit Conditions means exit conditions entered by Order to Stipulation Regarding Exit Conditions, Dkt. 776 (entered Dec. 1, 2011).
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Exit Conditions means the conditions set forth on Annex E hereto.
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Examples of Exit Conditions in a sentence

  • The Conversion Date shall occur on the date the Trustee receives an Officer’s Certificate from the Issuer certifying, upon which the Trustee shall be entitled to rely absolutely without further investigation, that the conditions set forth in the definition of Exit Conditions shall have been satisfied.

  • The Exit Conversion Date shall occur on the date that the Trustee receives an Officer’s Certificate from the Chilean Issuer, pursuant to Section 13.03 hereof, and upon which the Trustee and the Collateral Trustee shall be entitled to rely absolutely without further investigation, certifying that the Exit Conditions have been satisfied.

  • If the FM2 Upper Exit Conditions are not met, any election of the Additional Sellers to contribute all or part of their FM2 Ordinary Shares shall be null and void.

  • The Company and the Promoters shall use its best efforts to provide an Exit to the Principal Investors by undertaking a Strategic Sale, which shall be on such terms and conditions, as may be approved by Non-Quickroutes Principal Investor Consent (but subject to meeting the Exit Conditions).

  • It is clarified that the other Exit Conditions shall not be applicable to a Qualified IPO.

  • It is clarified that the price and the terms of such proposed Strategic Sale should meet the Exit Conditions.

  • Release of Collateral The Transaction Liens granted by each Loan Party shall terminate upon (i) the payment in full of all the Secured Obligations of such Loan Party, (ii) the termination of the Commitments and (iii) the expiration or cancellation of all Letters of Credit issued for the account of such Loan Party; provided that the Transaction Liens granted by any Several Loan Party shall terminate upon satisfaction of the Exit Conditions with respect to such Loan Party.

  • It is clarified that the Liquidity IPO shall not be subject to satisfaction of the other Exit Conditions.


More Definitions of Exit Conditions

Exit Conditions means, with respect to any Several Loan Party, each of the following conditions: (i) the Cash Management Separation shall have occurred with respect to such Loan Party, (ii) all Loans outstanding to the Borrower in the Borrower Group to which such Loan Party belongs shall have been repaid in full, together with accrued and unpaid interest thereon, (iii) all Letters of Credit issued for the account of such Borrower shall have expired or been cancelled (or cash collateralized as contemplated by clause (iv) below), (iv) all other Secured Obligations of such Loan Party and each other Loan Party which belongs to the same Borrower Group shall have been repaid in full (or, as to Contingent Secured Obligations, 100% cash collateralized or, in the case of Contingent Secured Obligations with respect to Letters of Credit, 110% cash collateralized, in each case pursuant to arrangements reasonably satisfactory to the Administrative Agent) and (v) the Borrowing Limit of the Borrowing Group to which such Loan Party belongs shall be permanently reduced to $0.
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Related to Exit Conditions

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

  • 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).

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

  • Standard Conditions means the “International Bank for Reconstruction and Development and International Development Association Standard Conditions for Grant Financing Made by the Bank out of Trust Funds”, dated February 25, 2019.