Notice Condition definition

Notice Condition means, with respect to any intended action, (i) that after 10 days’ prior written notice thereof, Fitch has not notified the administrator, the servicer, the owner trustee, the indenture trustee or the indenture administrator that such intended action would result, in and of itself, in the reduction or withdrawal of its then-current rating of the notes and (ii) that each of Moody’s and S&P has notified the administrator, the servicer, the owner trustee, the indenture trustee and the indenture administrator in writing that such intended action will not result, in and of itself, in the reduction or withdrawal of its then-current rating of the notes.
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Notice Condition has the meaning assigned in the definition of Applicable Period.
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Notice Condition means, with respect to any intended action, that (i) after 20 Business Days’ prior written notice thereof, Moody’s has not notified the Administrator, the Servicer, the Owner Trustee, the Indenture Trustee or the Indenture Administrator that such intended action would result, in and of itself, in the reduction or withdrawal of its then-current rating of the Notes, (ii) after 10 days’ prior written notice thereof, Fitch has not notified the Administrator, the Servicer, the Owner Trustee, the Indenture Trustee or the Indenture Administrator that such intended action would result, in and of itself, in the reduction or withdrawal of its then-current rating of the Notes and (iii) S&P has notified the Administrator, the Servicer, the Owner Trustee, the Indenture Trustee and the Indenture Administrator in writing that such intended action will not result, in and of itself, in the reduction or withdrawal of its then-current rating of the Notes.
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Examples of Notice Condition in a sentence

  • If the Generator gives a Generator Metering Breach Notice, Condition 31.7 shall apply.

  • Notwithstanding Section 3.2(b) of the Credit Derivative Definitions, the Credit Event Notice Condition will be satisfied by the delivery of a Credit Event Notice by the Credit Event Monitoring Agent to Buyer and Seller.

  • With respect to the Notice Condition, the Attorney General argues that there is no impediment to providing advance notice, the City has not established that harm would result to the immigrant community if advance notice were provided, and irreparable harm would result to public safety, including the safety of ICE officers, if individuals in City custody were released without notice.

  • With respect to satisfying the Notice Condition referred to above, the term “subservicer” shall be deemed not to include systems providers, systems developers or systems maintenance contractors, collection agencies, credit bureaus, lock box providers, mail service providers and other similar types of service providers.

  • With respect to satisfying the Notice Condition referred to above, the term “sub-administrator” shall be deemed not to include systems providers, systems developers or systems maintenance contractors, collection agencies, credit bureaus, lock box providers, mail service providers and other similar types of service providers.

  • With respect to satisfying the Notice Condition referred to above, the term "subservicer" shall be deemed not to include systems providers, systems developers or systems maintenance contractors, collection agencies, credit bureaus, lock box providers, mail service providers and other similar types of service providers.

  • Grant recipients that have detention facilities housing aliens (e.g., local jails or state prisons where aliens may be confined) must permit DHS immigration enforcement personnel (i.e., enforcement officers with DHS’s U.S. Immigration and Customs Enforcement [ICE]) to access those facilities to meet with housed aliens and inquire into their eligibility to remain in the country.3. Notice Condition.

  • This information includes, but is not limited to information and co-operation under Claims Condition or Notice Condition in any Section of this Policy and the completion of other conditions precedent including those provided under Claims Condition and Notices Condition and Premium Payment Warranty Condition.

  • For the avoidance of doubt, the Buyers shall not be required to consummate any Additional Closing if on the Additional Closing Date if the Additional Closing Volume Condition, the Additional Closing Price Condition or any Additional Notice Condition or Additional Closing Condition, as applicable, has not been satisfied in full.

  • Figure 2 Microsoft Windows XP SP2 Warning Notice Condition 3 - Customized Short Notice + EULAThe third notice condition consists of a layered notice: a customized short notice in addition to the EULA included in each individual program.


More Definitions of Notice Condition

Notice Condition means Repack Note Condition 18 (Notice to Repack Noteholders);
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Notice Condition has the meaning given such term in Section 14.05.
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Related to Notice Condition

  • Acceptance Condition means the acceptance condition to any Offer;

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Release Condition means the following:

  • Conversion Floor Price Condition means that the relevant Alternate Conversion Price is being determined based on clause (x) of such definitions.

  • Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement.

  • Extension Conditions Defined in Section 3.06(a).

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Trading Price Condition shall have the meaning specified in Section 14.01(b)(i).

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Minimum Condition has the meaning set forth in Annex I.

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Performance Condition means any performance condition imposed under rule 4.1 (Performance Conditions);

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Equity Conditions Failure means that on any applicable date the Equity Conditions have not been satisfied (or waived in writing by the Holder).

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Early Termination Conditions means the types of conditions listed in Schedule A.