Minimum Extension Condition definition

Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).
Minimum Extension Condition has the meaning specified in Section 2.15(b).
Minimum Extension Condition as defined in Section 2.26(b).

Examples of Minimum Extension Condition in a sentence

  • For the avoidance of doubt, no Lender shall be obligated to accept any Extension Offer.(b) [Intentionally Omitted].(c) Minimum Extension Condition.

  • The Chief Executive paid tribute to Mr. Caldbeck’s contribution to the Council in various roles since he joined 16 years ago and wished him the best in his new career.

  • Put:cnthese into the 'Finished jobs' box.11-Tick off the job on the poster so that everyone knows that you have finished your job.

  • Based on research findings it can be concluded that a centralized system for customer data management and analysis is recommended.


More Definitions of Minimum Extension Condition

Minimum Extension Condition has the meaning specified in Section 2.19(g).
Minimum Extension Condition as defined in Subsection 2.10(g).
Minimum Extension Condition means (x) with respect to any Extension of any Tranche of Term Loans pursuant to Section 2.18, that Lenders, the sum of whose aggregate outstanding principal amount of Term Loans of such Tranche at such time equal 50% or more of the aggregate outstanding principal amount of all Term Loans of such Tranche at such time, shall have accepted the respective Extension Offer, and (y) with respect to any Extension of any Tranche of Revolving Credit Commitments pursuant to Section 2.18, that Lenders, the sum of whose Revolving Credit Commitments of such Tranche at such time equal 50% or more of the aggregate Revolving Credit Commitments of such Tranche at such time, shall have accepted the respective Extension Offer.
Minimum Extension Condition has the meaning set forth in Section 2.24(b). “Moody’s” means Xxxxx’x Investors Service, Inc.
Minimum Extension Condition shall have the meaning set forth in Section 2.30.
Minimum Extension Condition has the meaning set forth in Section 2.18(b). “Minimum Tender Condition” has the meaning specified in Section 2.15(b) “Moody’s” means Xxxxx’x Investors Service, Inc. and any successor thereto. “Multiemployer Plan” means any employee benefit plan covered by Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. “Net Cash Proceeds” means: (a) with respect to the Disposition of any asset by any Restricted Company or any Casualty Event, the excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such Disposition or Casualty Event (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received and, with respect to any Casualty Event, any insurance proceeds or condemnation awards in respect of such Casualty Event actually received by or paid to or for the account of such Restricted Company) over (ii) the sum of (A) the principal amount of any Indebtedness that is secured by the asset subject to such Disposition or Casualty Event and that is repaid in connection with such Disposition or Casualty Event (other than Indebtedness under the Loan Documents and Indebtedness that is secured by Liens ranking junior to or pari passu with the Liens securing any Indebtedness under the Loan Documents), (B) the out-of-pocket expenses (including attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer Taxes, deed or mortgage recording Taxes, other customary expenses and brokerage, consultant and other customary fees) actually incurred by such Restricted Company in connection with such Disposition or Casualty Event, (C) Taxes paid or reasonably estimated to be payable by such Restricted Company or any of the direct or indirect owners thereof (including, without limitation, any amounts permitted to be distributed in respect of Taxes pursuant to Section 7.06(j) and attributable to such Disposition or Casualty Event (including, in respect of any proceeds received or deemed received by any Non-U.S. Subsidiary or Subsidiary thereof in connection with a Disposition or Casualty Event, deductions in respect of withholding Taxes that are or would be payable in cash if such funds were repatriated to the United States)),...
Minimum Extension Condition means (x) with respect to any Extension of any Tranche of Term Loans pursuant to Section 2.18, that Lenders, the sum of whose aggregate outstanding principal amount of Term Loans of such Tranche at such time equal 30% or more of the aggregate outstanding principal amount of all Term Loans of such Tranche at such time, shall have accepted the respective Extension Offer, (y) with respect to any Extension of any Tranche of Revolving Loan Commitments pursuant to Section 2.18, that Lenders, the sum of whose Revolving Loan Commitments of such Tranche at such time equal 30% or more of the aggregate Revolving Loan Commitments of such Tranche at such time, shall have accepted the respective Extension Offer and (z) with respect to any Extension of any Tranche of Canadian Revolving Loan Commitments pursuant to Section 2.18, that Lenders, the sum of whose Canadian Revolving Loan Commitments of such Tranche at such time equal 30% or more of the aggregate Canadian Revolving Loan Commitments of such Tranche at such time, shall have accepted the respective Extension Offer.