First Target Date definition

First Target Date means the first Payment Date on which the principal balance of the Notes is equal to or less than the Class A Target Amount.
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First Target Date has the meaning given to such term in Section 3(b)(i).
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First Target Date means (i) if the Consummation Date is on or before December 31, 2002, the date of the filing with the Securities and Exchange Commission (the “SEC”) of the Company’s Quarterly Report on Form 10-Q (containing quarterly financial statements) for the fiscal quarter ending March 31, 2003 or (ii) if the Consummation Date is after December 31, 2002, the date of the filing with the SEC of the Company’s Quarterly Report on Form 10-Q (containing quarterly financial statements) for the second fiscal quarter ending after the Consummation Date.
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Examples of First Target Date in a sentence

  • To the extent that there is any such reduction in the First Target, December 31, 2001 will constitute a Supplemental First Target Date ("Supplemental First Target Date") by which the Home Group will utilize its best efforts to generate cumulative taxable income of $200 million ("Supplemental First Target").

  • If the Registration Statement has not been declared effective by the Securities and Exchange Commission ( the "SEC") on or before the First Target Date, then on the first business day following the First Target Date the Company shall pay to the Holder the sum of $60,000 as liquidated damages for such delay.


More Definitions of First Target Date

First Target Date means 30 May 2023 or such other date as approved by the Agent in writing (acting on the instructions of the Lenders). "Free Liquidity" means cash, cash equivalents and marketable securities of maturities less than one (1) year to which members of the Borrower Group shall have free, immediate and direct access each as reflected in the Borrower's most recent quarterly management accounts forming part of the Borrower's Accounts. "GAAP" means generally acceptable accounting principles in the United States of America. "Guarantee" means the guarantee and indemnity of each Collateral Owner and the Pledgor referred to in Clause 10.1.3. "Hedging Agreement" means any ISDA Master Agreement entered into between a Hedge Provider and the Borrower before or during the Facility Period, including each Schedule to any Hedging Agreement and each Confirmation exchanged under such Hedging Agreement, evidencing any non-speculative interest or currency exchange transaction in relation to this Agreement. "Hedging Agreement Proceeds" means any and all sums due and payable to the Borrower under each Hedging Agreement following an Early Termination Date (as defined in the ISDA Master Agreement) (subject always to all rights of netting and set- off contained in that Hedging Agreement) and all right to require and enforce the payment of those sums. "Hedging Security Deed" means any deed of charge or assignment referred to in Clause 10.1.7 (Security Documents).
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First Target Date means the day 120 days following the Issuance Date or, if such day is not a Trading Day, the next succeeding Trading Day.
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Related to First Target Date

  • Target Date means the date specified as such in the Quote, subject to any variation of that date in accordance with clause 7.6.

  • Effectiveness Target Date As defined in Section 5.

  • TARGET Day means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

  • First Target Distribution means $0.4025 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4025 multiplied by a fraction of which the numerator is the number of days in such period, and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Effectiveness Deadline Date has the meaning set forth in Section 2(a) hereof.

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Amendment Effectiveness Deadline Date has the meaning set forth in Section 2(d) hereof.

  • Third Target Distribution means $0.5250 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.5250 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • Effectiveness Deadline As defined in Section 3(a) and 4(a) hereof.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Additional Effectiveness Deadline means the date which is the earlier of (x) (i) in the event that the Additional Registration Statement is not subject to a full review by the SEC, thirty (30) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline or (ii) in the event that the Additional Registration Statement is subject to a full review by the SEC, fifty (50) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline and (y) the fifth (5th) Business Day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that such Additional Registration Statement will not be reviewed or will not be subject to further review; provided, however, that if the Additional Effectiveness Deadline falls on a Saturday, Sunday or other day that the SEC is closed for business, the Additional Effectiveness Deadline shall be extended to the next Business Day on which the SEC is open for business.

  • Initial Effectiveness Deadline means the date which is (i) in the event that the Initial Registration Statement is not subject to a full review by the SEC, sixty (60) calendar days after the Closing Date or (ii) in the event that the Initial Registration Statement is subject to a full review by the SEC, ninety (90) calendar days after the Closing Date.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Shelf Effectiveness Deadline As defined in Section 4(a) hereof.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.