Interim Targets definition

Interim Targets means that on the Interim Target Date (i) the Issuer shall have acquired Long Assets with an Aggregate Principal/Notional Balance of at least 85% of the Required Amount, (ii) all such Long Assets satisfy the Eligibility Criteria, and (iii) the Collateral Quality Tests are satisfied. RATINGS OF THE SENIOR NOTES It is a condition to the issuance of the Senior Notes on the Closing Date that the Class A-1 Notes be rated "Aaa" by Moody's and "AAA" by Standard & Poor's, that the Class A-2 Notes be rated "Aaa" by Moody's and "AAA" by Standard & Poor's, that the Class B Notes be rated at least "Aa2" by Moody's and at least "AA" by Standard & Poor's, that the Class C Notes be rated at least "A2" by Moody' and at least "A" by Standard & Poor's, that the Class D Notes be rated at least "Baa2" by Moody's and at least "BBB" by Standard & Poor's and that the Class E Notes be rated at least "Ba1" by Moody's and at least "BB+" by Standard & Poor's. The ratings assigned to the Senior Notes by Standard & Poor's address the timely payment of interest on, and the ultimate payment of the principal of, the Class A Notes and the Class B Notes and ultimate payment of principal of and the ultimate payment of interest on the Class C Notes, the Class D Notes and the Class E Notes. The long-term ratings of the Senior Notes by Moody's address the ultimate cash receipt of all required payments as provided by the governing documents, and are based on the expected loss to the Senior Noteholders of each Class relative to the promise of receiving the present value of such payments. For so long as any Class of Senior Notes are listed on the Irish Stock Exchange, and to the extent required by applicable stock exchange rules, the Co-Issuers will inform the Company Announcements Office of the Irish Stock Exchange if any rating assigned by the Rating Agencies to such Senior Notes is reduced or withdrawn. MATURITY, PREPAYMENT AND YIELD CONSIDERATIONS The Stated Maturity of each Class of Senior Notes is the Payment Date occurring in June, 2049. The Senior Notes are expected to mature at the Stated Maturity unless redeemed or repaid prior thereto. Assuming:
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Interim Targets. The meaning specified in Section 7.18(a).
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Interim Targets means with respect to the date 90 days after the Closing Date (the "Interim Target Date"), the portfolio of Collateral Debt Obligations meeting the following requirements: (i) an Aggregate Collateral Debt Obligation Principal Balance equal to or greater than U.S.$230,000,000 (determined after giving effect to the consummation of any agreements to purchase), (ii) a Diversity Score equal to or greater than 42, (iii) a Moody's Average Recovery Rate equal to or greater than 44%, (iv) a Weighted Average Spread equal to or greater than 2.40% and (v) a Moody's Average Portfolio Rating equal to or less than 2300.
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Examples of Interim Targets in a sentence

  • The Programmatic Regulations require that the Secretary of the Army afford the public an opportunity to comment on the proposed Interim Targets Agreement prior to its approval and notice in the Federal Register when the agreement has been finalized.

  • By using a regional CTM with a coarse spatial resolution we cannot give recommendations which Interim Targets or AQG Levels for short-term standards might be attainable.

  • This Chapter sets out updates to LIP2’s Monitoring Plan Chapter to reflect the requirement that LIP Interim Targets need to be updated every three years.

  • According to air quality monitoring under Directive 2008/50/EU the following situation in relation to AQG Levels and Interim Targets has been observed in 2020.As can be seen from the Table 1 the AQG Levels are only met for CO at all sites and for SO2 at nearly all sites.

  • During the Initial Investment Period, the Investment Manager, acting on behalf of the Issuer, will use all commercially reasonable efforts to purchase additional Collateral Debt Obligations in order to satisfy the Ramp-Up Interim Targets at the dates applicable thereto and, to satisfy as at the Effective Date, the Target Par Amount and each of the Coverage Tests, Collateral Quality Tests and Portfolio Profile Tests.

  • Products returned to CryoCath for reason other than Product defect shall not count towards the fulfillment of Agent's relevant Sales Commitment or Interim Targets .

  • Interim Targets have been grouped around a Mandatory Indicator set (TfL priorities) and a Non-Mandatory set (priorities for the Borough).

  • Now that the current timeframe for the Delivery Plan and Interim Targets is ending (covering the 2011/12 to 2013/14 period), a new plan is required for the 2014/15 to 2016/17 period.

  • Meeting Interim Targets: Gradual Retirements Can Ease ComplianceOne of the most common themes running through the FERC CPP Technical Conferences was the concern over the CPP’s proposed interim targets.

  • For ozone, Interim Target 1 will be met everywhere, but from Interim Target 2 onwards nearly all stations will be in exceedance.Table 2: Exceedance of WHO AQG Levels and Interim Targets for annual means (PM2.5, PM10 and NO2) or Peak Season (O3) in Germany in 2030 based on modelling results.For absolute values of AQG Levels and Interim Targets see table 1.


More Definitions of Interim Targets

Interim Targets. ’ means, with respect to the Initial Effective Date, the measures set forth opposite the applicable Interim Target categories in the table below:
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Related to Interim Targets

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;

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

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

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Research Budget has the meaning set forth in Section 2.2.

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • Research Plan shall have the meaning set forth in Section 2.1.

  • 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").

  • ASAM criteria means admission, continued service, transfer, and discharge criteria for the treatment of substance use disorders as published by the American Society of Addiction Medicine (ASAM).

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • Evaluation Criteria means the criteria set out under the clause 27 (Evaluation Process) of this Part C, which includes the Qualifying Criteria, Functional Criteria and Price and Preferential Points Assessment.

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Indicators of student progress and growth means the results of assessment(s) of students as defined in N.J.A.C. 6A:8, Standards and Assessment.

  • Development Plan has the meaning set forth in Section 3.2.

  • Development Budget has the meaning set forth in Section 3.1.

  • Target Population means persons with low incomes who have one or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health condition, or individuals eligible for services provided pursuant to the Lanterman Developmental Disabilities Services Act (Division 4.5 (commencing with Section 4500) of the Welfare and Institutions Code) and may include, among other populations, adults, emancipated minors, families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, and homeless people.

  • Clinical categories means the groups into which hospital treatments are categorised by type, e.g., brain and nervous system, kidney and bladder, and digestive system. At the time of writing there were 38 categories in the Medicare clinical categories system.

  • Development Milestone is defined in Section 5.3.

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.