HLT Classification definition

HLT Classification shall have the meaning set forth in Section 2.11 hereof.
Sample 1Sample 2Sample 3
HLT Classification means, in the context of there having been an HLT Classification, that either (i) the Agent has received notice from any governmental or quasi-governmental authority, central bank or comparable agency having jurisdiction over the Agent or any Lender that the Advances or the Commitments hereunder are classifiable as being part of a "highly leveraged transaction" or (ii) the Agent has otherwise determined that compliance with any law or any governmental or quasi-governmental rule, regulation, order, policy, guideline or directive (whether or not having the force of law) requires that the Advances or Commitments hereunder be classified as part of a "highly leveraged
Sample 1Sample 2
HLT Classification means, in the context of there having been an HLT Classification, that either (i) the Agent has received notice from any governmental or quasi-governmental authority, central bank or comparable agency having jurisdiction over the Agent or any Lender that the Advances or the Commitments hereunder are classifiable as being part of a "highly leveraged transaction" or (ii) the Agent has otherwise determined that compliance with any law or any governmental or quasi-governmental rule, regulation, order, policy, guideline or directive (whether or not having the force of law) requires that the Advances or Commitments hereunder be classified as part of a "highly leveraged transaction". The effective date of an "HLT Classification" for all purposes of this Agreement shall be the date of receipt by the Agent of the notice referred to in clause (i) or the date of the determination by the Agent referred to in clause (ii), as the case may be, provided that in either case the Lender acting as Agent hereunder does in fact promptly classify either its respective Loans or its respective Commitment hereunder as being part of a "highly leveraged transaction" to the extent required by the source of such required classification.
Sample 1Sample 2

Examples of HLT Classification in a sentence

  • The Agent and the Banks acknowledge that an HLT Classification is not a Default or an Event of Default.

  • The Agent, the Banks and the Borrower shall thereupon commence negotiations in good faith to agree on the extent to which fees, interest rates and/or margins hereunder should be increased so as to reflect such HLT Classification.

  • The Lenders acknowledge that an HLT Classification is not an Event of Default or Potential Default hereunder.

  • The Banks acknowledge that an HLT Classification is not a Default or an Event of Default hereunder.

  • In addition upon any HLT Classification, the Borrower agrees to pay the Agent upon demand, for the pro rata account of each of the Lenders, an HLT Classification fee equal to .125% of the Aggregate Commitment in effect at the time of such HLT Classification.

  • This requirement also applies to any member of the Firm who, although still employed by the Firm, no longer represents Citizens and therefore does not require ELMS user access.

  • The Banks acknowledge that a HLT Classification is not a Default or an Event of Default hereunder.

  • If, after the date hereof, the Agent determines that, or the Agent is advised by any Bank that such Bank has received notice from any governmental authority, central bank or comparable agency having jurisdiction over such Bank that, Loans hereunder are classified as a "highly leveraged transaction" (an "HLT Classification"), the Agent shall promptly give notice of such HLT Classification to the Company and the other Banks.

  • In the event that after the date hereof the Loans hereunder are classified as a "highly leveraged transaction" (an "HLT Classification") by any Governmental Authority having jurisdiction over any Lender, such Lender may in its discretion from time to time so notify the Agent, and upon receiving such notice the Agent shall promptly give notice of such event to the Borrowers, the Issuing Banks and the Lenders.

  • The Agent, the Banks and the Borrower shall commence negotiations in good faith to agree on the extent to which fees, interest rates and/or margins hereunder should be increased so as to reflect market incremental pricing for extensions of credit subject to HLT Classification.


More Definitions of HLT Classification

HLT Classification has the meaning specified in Section 2.15(b).
Sample 1
HLT Classification means, in the context of there having been an HLT Classification, that either (i) the Lender has received notice from any governmental or quasi-governmental authority, central bank or comparable agency having jurisdiction over the Lender that the Advances or the Commitment hereunder are classifiable as being part of a "highly leveraged transaction" or (ii) the Lender has otherwise determined that compliance with any law or any governmental or quasi-governmental rule, regulation, order, policy, guideline or directive (whether or not having the force of law) requires that the Advances or Commitment hereunder be classified as part of a "highly leveraged transaction". The effective date of an "HLT Classification" for all purposes of this Agreement shall be the date of receipt by the Lender of the notice referred to in clause (i) or the date of the determination by the Lender referred to in clause (ii), as the case may be, provided that in either case the Lender does in fact promptly classify either its Advances or its Commitment hereunder as being part of a "highly leveraged transaction" to the extent required by the source of such required classification.
Sample 1
HLT Classification has the meaning set forth in Section 7.06.
Sample 1

Related to HLT Classification

  • Job Classification means an arrangement of tasks in an establishment or industry into a limited series of jobs or occupations, rated in terms of skill, responsibility, experience, training, and similar considerations, usually for wage setting purposes. This term, or job class, refers to a single cluster of jobs of approximately equal “worth.”

  • film classification body means the person or persons designated as the authority under section 4 of the Video Recordings Act 1984 (c.39) (authority to determine suitability of video works for classification).

  • Classification means the identification of a position by reference to a class title and pay range number.

  • Classifications means the classifications contained in Schedule 1 to this Agreement.

  • International Classification means the Classification established under the Locarno Agreement Establishing an International Classification for Industrial Designs;

  • Classification plan means the orderly arrangement of positions within an agency into separate and distinct job families so that each job family will contain those positions which involve similar or comparable skills, duties and responsibilities [74:840 1.3].

  • S&P Industry Classification The S&P Industry Classifications set forth in Schedule 2 hereto, which industry classifications may be updated at the option of the Collateral Manager if S&P publishes revised industry classifications.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Classification Seniority means the length of service in the classification, calculated from the date the employee enters the classification.

  • Moody’s Industry Classification means the industry classifications set forth in Schedule 4 hereto, as such industry classifications shall be updated at the option of the Servicer if Moody’s publishes revised industry classifications. The determination of which Moody’s Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer.

  • Approved Classification Society means, in relation to a Ship, a classification society which is a member of IACS (other than the China Classification Society and the Russian Maritime Registry of Shipping) and acceptable to the Agent;

  • Industry Classification Group means (a) any of the classification groups set forth in Schedule 1.01(c) hereto, together with any such classification groups that may be subsequently established by Moody’s and provided by the Borrower to the Lenders, and (b) up to three additional industry group classifications established by the Borrower pursuant to Section 5.12.

  • asset class means the category of the underlying interest of a derivative and includes, for greater certainty, interest rate, foreign exchange, credit, equity and commodity;

  • Support Classes As specified in the Preliminary Statement.

  • Appraised-Out Class As defined in Section 3.10(a) of this Agreement.

  • Classification Society or “Class” means the Society referred to in line 4.

  • Checked Baggage means baggage of which the carrier takes sole custody and for which the carrier issues a baggage identification tag.

  • Settlement Classes means the Ontario Settlement Class and the Quebec Settlement Class.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • PTCE 95-60 As defined in Section 5.02(b). PUD: A planned unit development.

  • Overvote means that the elector marks or designates more names than there are persons to be elected to an office or designates more than one answer to a ballot question, and the tabulator records no vote for the office or question.

  • Unchecked Baggage means any baggage (carry-on) accompanying the passenger other than checked baggage.

  • Diameter at Breast Height (DBH) means the diameter of a tree at 4 1/2 feet above the ground measured from the uphill side.

  • Population means the population as ascertained at the last preceding census of which the relevant figures have been published;

  • Disinfection means a process which inactivates pathogenic organisms in water by chemical oxidants or equivalent agents.