Increase Approval definition

Increase Approval means the occurrence of all of the following: (a) Borrower has requested an increase to Revolving Line, (b) Bank has received all necessary internal and credit approvals for such increase, (c) Borrower has (i) provided Bank with evidence, satisfactory to Bank in its sole discretion that Borrower will remain in pro forma compliance with the financial covenants in Section 6.9 of this Agreement through the Revolving Line Maturity Date and (ii) delivered financial and other information required by Bank, which shall be satisfactory to Bank in its sole discretion, (d) Borrower has agreed to any modifications to the terms of the Loan Documents proposed by Bank in its sole discretion, (e) no Event of Default exists at the time the requested increase is to go into effect or would exist as a result of such increase and (f) Bank has provided written approval in its sole discretion that such increase will occur. For clarity, upon satisfaction of each of the conditions in (a) through (e), the determination of whether to provide any such increase shall be in Bank’s sole discretion and shall in no event occur automatically.
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Increase Approval means the occurrence of all of the following: (a) Borrower has requested an increase to the Term Loan Amount, (b) Bank has received all necessary internal and credit approvals for such increase, (c) Borrower has delivered financial and other information required by Bank, which shall be satisfactory to Bank in its sole discretion, (d) Borrower has agreed to any modifications to the terms of the Loan Documents proposed by Bank in its sole but reasonable discretion, (e) no Event of Default exists at the time the requested increase is to go into effect or would exist as a result of such increase, and (f) Bank has provided written approval in its sole discretion that such increase will occur. For clarity, upon satisfaction of each of the conditions in (a) through (e), the determination of whether to provide any such increase shall be in Bank’s sole discretion and shall in no event occur automatically.
Sample 1Sample 2
Increase Approval means the occurrence of all of the following: (a) Borrower has requested an increase to the Revolving Line, (b) Bank has received all necessary internal and credit approvals for such increase, (c) Borrower has delivered financial and other information required by Bank, which shall be satisfactory to Bank in its sole discretion, (d) Borrower has agreed to any modifications to the terms of the Loan Documents proposed by Bank in its sole but reasonable discretion, (e) no Event of Default exists at the time the requested increase is to go into effect or would exist as a result of such increase, and (f) Bank has provided written approval in its sole discretion that such increase will occur. For clarity, upon satisfaction of each of the conditions in (a) through (e), the determination of whether to provide any such increase shall be in Bank’s sole discretion and shall in no event occur automatically.”
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Examples of Increase Approval in a sentence

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 25,000,000 shares of Common Stock for issuance under this Agreement.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 10,000,000 shares of Common Stock for issuance under this Agreement.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 15,000,000 shares of Common Stock for issuance under this Agreement.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 35,000,000 shares of Common Stock for issuance under this Agreement.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 6,000,000 shares of Common Stock for issuance under this Agreement.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 20,000,000 shares of Common Stock for issuance under this Agreement.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 30,000,000 shares of Common Stock for issuance under this Agreement.

  • As is amply born out by Exh.A-8, an extract from the register of deaths, the alleged vendor was 91 years old on 22.09.1995 when he passed away.

  • As soon as practicable after the 20% Approval and the Share Authorization Increase Approval, the Company agrees to use its best efforts to reserve 12,000,000 shares of Common Stock for issuance under this Agreement.

  • The Company shall use its best efforts to solicit its shareholders’ approval of the Share Increase Approval and to cause the board of directors of the Company to recommend to the shareholders that they approve the Share Increase Approval.


More Definitions of Increase Approval

Increase Approval. “Increase Approval” means the occurrence of all of the following: (a) Borrower has requested in writing to Bank to increase the Hardware Availability Amount to an aggregate principal amount equal to $75,000,000.00, (b) Bank has received all necessary internal and credit approvals for such increase, (c) Borrower is in pro forma covenant compliance with the financial covenant in Section 5.8 of this Agreement at the time the requested increase is to go into effect and will continue to be in compliance immediately after giving effect to such increase and continuing throughout the duration of the term of this Agreement, (d) no Event of Default exists at the time the requested increase is to go into effect or would exist as a result of such increase, and (e) Bank has provided written approval in its sole discretion that such increase will occur. For clarity, upon satisfaction of each of the conditions in (a) through (e), the determination of whether to provide any such increase shall be in Bank’s sole discretion and shall in no event occur automatically.
Sample 1
Increase Approval means the occurrence of all of the following: (a) Borrower has requested that Bank increase the amount of the Revolving Line by Five Million Dollars ($5,000,000.00) or an integral multiple thereof not to exceed Fifteen Million Dollars ($15,000,000.00) in the aggregate for all such requests; (b) Bank has received all necessary internal and credit approvals for such increase; (c) Borrower has delivered financial and other information required by Bank, which shall be satisfactory to Bank in its sole discretion; (d) no Event of Default exists at the time the amount of the Revolving Line is to be increased or would exist as a result of such increase; and (e) Bank has provided written approval in its sole discretion that the amount of Revolving Line will be increased. For clarity, upon satisfaction of each of the conditions in (a) through (e), the determination of whether to increase the amount of the Revolving Line shall be in Bank’s sole discretion and shall in no event occur automatically.
Sample 1
Increase Approval means the occurrence of all of the following on or prior to the date that is one (1) year following the Effective Date: (a) Borrower has requested that Bank make the Term Loan C Advance available; (b) Bank has received all necessary internal and credit approvals for such term loan to become available; (c) Borrower has delivered financial and other information required by Bank, which shall be satisfactory to Bank in its sole discretion; (d) Borrower has agreed to the terms of any new Loan Documents proposed by Bank in its sole discretion and has executed such Loan Documents; (e) no Event of Default exists at the time the Term Loan C Advance is to be made or would exist as a result of the making of the Term Loan C Advance; and (f) Bank has provided written approval in its sole discretion that the Term Loan C Advance is available. For clarity, upon satisfaction of each of the conditions in (a) through (f), the determination of whether to make the Term Loan C Advance shall be in Bank’s sole discretion and shall in no event occur automatically.
Sample 1
Increase Approval is set forth on Schedule I hereto. “Increase Event” is set forth on Schedule I hereto. “Increase Fee” is set forth on Schedule I hereto. “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations, (d) Contingent Obligations and (e) other short- and long-term obligations under debt agreements, lines of credit and extensions of credit.
Sample 1

Related to Increase Approval

  • Requisite Approval means the affirmative vote of the holders of at least a majority of the shares of outstanding Company Common Stock and outstanding Company Preferred Stock voting as a single class.

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • type-approval means the procedure whereby an approval authority certifies that a type of vehicle, system, component or separate technical unit satisfies the relevant administrative provisions and technical requirements;

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Price Approval means, in any country where a Governmental Authority authorizes reimbursement for, or approves or determines pricing for, pharmaceutical products, receipt (or, if required to make such authorization, approval or determination effective, publication) of such reimbursement authorization or pricing approval or determination (as the case may be).

  • MAA Approval means approval by the EMEA of a marketing authorization application (“MAA”) filed with the EMEA for the applicable Licensed Product under the centralized European procedure. If the centralized EMEA filing procedure is not used, MAA Approval shall be achieved upon the first Approval for the applicable Licensed Product in any two of the following countries: France, Germany, Italy, Spain or the United Kingdom.

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • FCC Approval means the FCC’s grant of the FCC Applications; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Approved/Approval means the approval in writing.

  • Prior Approval means written ap- proval by an authorized official evi- dencing prior consent.

  • Approval means the prior written consent of the Authority and "Approve" and "Approved" shall be construed accordingly;

  • FDA Approval means with respect to the Product, a Regulatory Approval by the FDA for the commercial use of the Product in the United States.

  • Major Amendment means any change which is not a minor amendment.

  • Approval Letter means the letter from WRAS to the Applicant confirming the grant of WRAS Approval in respect of a Product;

  • Drug Approval Application means, with respect to a Licensed Product in the Territory, an application for Regulatory Approval for such product in a country in the Territory. For purposes of clarity, Drug Approval Application shall include, without limitation, (a) an NDA or BLA (for U.S.) or MAA (for Europe); (b) a counterpart of an NDA, BLA or MAA in any country or region in the Territory; and (c) all supplements (including supplemental applications such as sNDAs) and amendments to the foregoing.

  • Reimbursement Approval means an approval, agreement, determination, or other decision by the applicable Governmental Authority that establishes prices charged to end-users for pharmaceutical or biologic products at which a particular pharmaceutical or biologic product will be reimbursed by the Regulatory Authorities or other applicable Governmental Authorities in the Territory.

  • Annual increase means, initially, fifty-nine cents per month

  • Required Approval has the meaning specified in Section 2.2(b).

  • Certificate of approval means a certificate of approval obtained from the