HLT Classification definition

HLT Classification shall have the meaning set forth in Section 2.11 hereof.
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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.
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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
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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.

  • 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.

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

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

  • In addition to Committed Borrowings pursuant to Section 2.01, the Borrower may, as set forth in this Section, request the Banks during the Revolving Credit Period to make offers to make Money Market Loans to the Borrower; provided, however, that there shall be no Money Market Quotes requested or Money Market Loans made during an HLT Classification Period.

  • 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.

  • Thereupon, 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 such HLT Classification.


More Definitions of HLT Classification

HLT Classification has the meaning set forth in Section 7.06.
Sample 1
HLT Classification has the meaning specified in Section 2.15(b).
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 classification 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.

  • Classification Seniority is defined as the length of service in a specific job classification within the bargaining unit, beginning with the date an employee starts to serve a probationary appointment. Classification Seniority shall be interrupted only by separation because of resignation, discharge for just cause, failure to return upon expiration of a leave of absence, failure to respond to a recall from layoff, or retirement.

  • Moody’s Industry Classification The industry classifications set forth in Schedule 2 hereto, as such industry classifications shall be updated at the option of the Collateral Manager if Moody’s publishes revised industry classifications.

  • 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 Xxxxx’x 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;

  • standard industrial classification code or "SIC code" means a series of four-digit codes devised by the office of management and budget (OMB) of the federal government to classify establishments according to the type of economic activity in which they are engaged.

  • 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 all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

  • 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.

  • Uniform Network Code means the uniform network code as defined in Standard Special Condition A11(6) of National Grid’s transporters licence, as such code may be amended from time to time in accordance with the terms thereof.

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

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

  • Federal poverty level means the poverty level as defined by the most recently revised poverty income guidelines published by the United States Department of Health and Human Services in the Federal Register.

  • Dependant non classified means a person who is aged 18–20 of age who does not have a spouse or partner.