Pacific Direct definition

Pacific Direct means Pacific Direct, LLC, a Delaware limited liability company. “Pacific Direct Collateral Assignment” means that certain Collateral Assignment (including any and all supplements thereto), dated as of the date hereof, by and among Nautilus, Pacific Direct, and Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. “Pacific Direct License Agreement” means that certain Trademark License Agreement, dated as of September 20, 2001, by and among Nautilus, Pacific Direct, and Schwinn Acquisition LLC, a Delaware limited liability company, as the same may be amended, restated, supplemented or otherwise modified from time to time as permitted pursuant to the terms of the Pacific Direct Collateral Assignment. “Participant” has the meaning specified therefor in Section 13.1(e) of this Agreement. “Participant Register” has the meaning set forth in Section 13.1(i) of this Agreement. “Patent Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. “Patriot Act” has the meaning specified therefor in Section 4.13 of this Agreement. “Payment Conditions” means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that: (a) no Default or Event of Default then exists or would arise as a result of the consummation of such Specified Transaction, (b) either (i) Availability, (A) at all times during the 30 consecutive days immediately preceding the date of such proposed payment and the consummation of such Specified Transaction, calculated on a pro forma basis as if such proposed payment was made, and the Specified Transaction was consummated, on the first day of such period, and (B) after giving effect to such proposed payment and Specified Transaction, in each case, is not less than 20% of the Maximum Revolver Amount, or (ii) both (A) the Fixed Charge Coverage Ratio of the Loan Parties and their Subsidiaries is equal to or greater than 1.10:1.00 for the trailing 12-month period most recently ended for which financial statements are required to have been delivered to Agent pursuant to Schedule 5.1 to this 36 125672876_9
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Pacific Direct means Pacific Direct, LLC, a Delaware limited liability company. “Pacific Direct Collateral Assignment” means that certain Collateral Assignment (including any and all supplements thereto), dated as of the date hereof, by and among Nautilus, Pacific Direct, and Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. “Pacific Direct License Agreement” means that certain Trademark License Agreement, dated as of September 20, 2001, by and among Nautilus, Pacific Direct, and Schwinn Acquisition LLC, a Delaware limited liability company, as the same may be amended, restated, supplemented or otherwise modified from time to time as permitted pursuant to the terms of the Pacific Direct Collateral Assignment. “Participant” has the meaning specified therefor in Section 13.1(e) of this Agreement. “Participant Register” has the meaning set forth in Section 13.1(i) of this Agreement. 39 125672876_9
Sample 1
Pacific Direct means Pacific Direct, LLC, a Delaware limited liability company. “Pacific Direct Collateral Assignment” means that certain Collateral Assignment (including any and all supplements thereto), dated as of the date hereof, by and among Nautilus, Pacific Direct, and Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Examples of Pacific Direct in a sentence

  • In circumstances where CLSA APL executes Direct Market Access (“DMA”) equity trades on clients’ behalf, CLSA APL in so far as is practicable, will take all reasonable to ensure that the DMA service (and where applicable, the provision of Algorithmic Services), are provided in accordance with the CLSA ASIA – Pacific Direct Market Access Services Annexure and the obligations and requirements of the ASIC Market Integrity Rules (Competition in Exchange Markets) which are applicable to DMA service.

  • First Citizens BancShares, Inc., Raleigh, North Carolina; to acquire CIT Group, Inc., New York, New York, and thereby indirectly acquire CIT Bank, National Association, Pasadena, California.Board of Governors of the Federal Reserve System, January 21, 2021.Ann Misback,Secretary of the Board.Charter Agreement.Parties: Neptune Pacific Direct Line and Pacific Forum Line (Group) Limited [FR Doc.

  • The Great Pacific Direct Accounts Conversion will occur on the basis of the relative net asset value of the shares of the two applicable classes on the conversion date, without the imposition of any sales load, fee or other charge.

  • At Gores WMA, a 20-acre site north of Red Wing, we completed site preparation, planted bare root seedlings on 10 acres, andcompleted post planting weed control following tree planting on 10 additional acres that had been previously planted by US Army Corps of Engineers.

  • Pacific Direct, LLC Australia 0000000 Trademark Schwinn TM License Nautilus, Inc.

  • Parties: Pacific Forum Line (Group) Limited and Neptune Pacific Direct Line Pte.

  • Pacific Direct, LLC Japan 0000000 Trademark Schwinn TM License Nautilus, Inc.

  • Accounts of clients that are not clients of Great Pacific Securities or an affiliate thereof are not eligible to hold Great Pacific Shares, and any Great Pacific Shares known to the Trust to be held in such accounts will be converted to Institutional Shares (the “Great Pacific Direct Accounts Conversion”).

  • Plaintiff supplies basic standard toiletry items in bulk to large hotel chains whereas Pacific Direct focuses primarily on four and five star hotels to provide innovative high-end packaging with branded products.1 Defendant Thomas Fairhurst began working for plaintiff in March 1994 as its vice president in charge of sales.

  • If any clause or part of a clause is illegal, unenforceable or invalid, that clause or part of a clause is to be treated as removed from this contract and the rest of this contract is not affected.


More Definitions of Pacific Direct

Pacific Direct means Pacific Direct, LLC, a Delaware limited liability company. “Pacific Direct Collateral Assignment” means that certain Collateral Assignment (including any and all supplements thereto), dated as of the date hereof, by and among Nautilus, Pacific Direct, and Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. “Pacific Direct License Agreement” means that certain Trademark License Agreement, dated as of September 20, 2001, by and among Nautilus, Pacific Direct, and Schwinn Acquisition LLC, a Delaware limited liability company, as the same may be amended, restated, supplemented or otherwise modified from time to time as permitted pursuant to the terms of the Pacific Direct Collateral Assignment. “Participant” has the meaning specified therefor in Section 13.1(e) of this Agreement. “Participant Register” has the meaning set forth in Section 13.1(i) of this Agreement. DB1/ 133650928.13 39 “Patent Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. “Patriot Act” has the meaning specified therefor in Section 4.13 of this Agreement. “Payment Recipient” has the meaning specified therefor in Section 17.16 of this Agreement. “PBGC” means the Pension Benefit Guaranty Corporation or any successor agency. “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to the provisions of Title IV or Section 302 of ERISA or Sections 412 or 430 of the Code sponsored, maintained, or contributed to by any Loan Party or ERISA Affiliate or to which any Loan Party or ERISA Affiliate has any liability, contingent or otherwise. “Perfection Certificate” means a certificate in the form of Exhibit P-1 to this Agreement. “Permitted Discretion” means a determination made in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment. “Permitted Dispositions” means: (a) sales, abandonment, or other dispositions of Equipment that is substantially worn, damaged, or obsolete or no longer used or useful in the ordinary course of business and leases or subleases of Real Property not useful in the conduct of the business of the Loan Parties and their Subsidiaries, (b) sales of Inventory to buyers in the ordinary course of business, (c) the use or transfer of money or Cash Equivalents and Permitted Policy Investments in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents, (d) the licensi...
Sample 1
Pacific Direct means Pacific Direct, LLC, a Delaware limited liability company. “Pacific Direct Collateral Assignment” means that certain Collateral Assignment (including any and all supplements thereto), dated as of the date hereof, by and among the Company, Pacific Direct and the Administrative Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. “Pacific Direct License Agreement” means that certain Trademark License Agreement, dated as of September 20, 2001, by and among the Company, Pacific Direct and Schwinn Acquisition LLC, as the same may be amended, restated, supplemented or otherwise modified from time to time as permitted pursuant to the terms of the Pacific Direct Collateral Assignment. “Paid in Full” or “Payment in Full” means, (i) the indefeasible payment in full in cash of all outstanding Loans and LC Disbursements, together with accrued and unpaid interest thereon, (ii) the termination, expiration, or cancellation and return of all outstanding Letters of Credit (or alternatively, with respect to each such Letter of Credit, the furnishing to the Administrative Agent of a cash deposit, or at the discretion of the Administrative Agent a backup standby letter of credit satisfactory to the Administrative Agent and the Issuing Bank, in an amount equal to 103% of the LC Exposure as of the date of such payment), (iii) the indefeasible payment in full in cash of the accrued and unpaid fees, (iv) the indefeasible payment in full in cash of all reimbursable expenses and other Secured Obligations (other than Unliquidated Obligations for which no claim has been made and other obligations expressly stated to survive such payment and termination of this Agreement), together with accrued and unpaid interest thereon, (v) the termination of all Commitments, and (vi) the termination of the Swap Agreement Obligations and the Banking Services Obligations or entering into other arrangements satisfactory to the Secured Parties counterparties thereto. “Payment Condition” shall be deemed to be satisfied in connection with a Restricted Payment, Investment, or Permitted Acquisition if: (a) no Default has occurred and is continuing or would result immediately after giving effect to such Restricted Payment, Investment, or Permitted Acquisition; (b) immediately after giving effect to and at all times during the 30-day period immediately prior to such Restricted Payment, Investment, Permitted Acquisition, the Borrowers shall have (i) Excess ...
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