Partial Commingling Condition definition

Partial Commingling Condition means a requirement that:
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Partial Commingling Condition means on any given business day (for the purposes of this definition, a “Test Day”) on which (A) neither Canadian Tire nor any other person who guarantees the obligations of CTB as Servicer maintains a rating from DBRS (if DBRS is then rating its securities) equivalent to at least R-1 (low), (B) (i) neither Canadian Tire nor any other person who guarantees the obligations of CTB as Servicer maintains a rating from S&P (if S&P is then rating its securities) equivalent to at least A-1 (mid) and (ii) the Required Pool Amount on the most recent determination day is greater than 80% of the Pool Balance on such determination day or any subsequent removal date, or (C) (i) neither Canadian Tire nor any other person who guarantees the obligations of CTB as Servicer maintains a rating from Fitch (if Fitch is then rating its securities) equivalent to a long-term unsecured debt rating of A and a short-term unsecured debt rating of F1, or (ii) if Fitch is not then rating the securities of Canadian Tire or any other person who guarantees the obligations of CTB as Servicer, therating agency condition has not been satisfied in respect of Fitch or Fitch has indicated that it intends to downgrade any notes of the Trust, a requirement that:
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Partial Commingling Condition means on any given Business Day (for the purposes of this definition, a “Test Day”) on which(A) neither CTC nor any other Person who guarantees the obligations of the Seller as Servicer maintains a rating from DBRS Morningstar (if DBRS Morningstar is then rating its securities) equivalent to at least R-1 (low), or(B) (i) neither CTC nor any other Person who guarantees the obligations of the Seller as Servicer maintains a rating from S&P (if S&P is then rating its securities) equivalent to at least A-1 (mid) and (ii) the Required Pool Amount on the most recent Determination Day is greater than 80% of the Pool Balance on such Determination Day or any subsequent Removal Date, or(C) (i) neither CTC nor any other Person who guarantees the obligations of the Seller as Servicer maintains a rating from Fitch (if Fitch is then rating its securities) equivalent to a long-term unsecured debt rating of A and a short-term unsecured debt rating of F1, or(ii) if Fitch is not then rating the securities of CTC or any other Person who guarantees the obligations of the Seller as Servicer, the Rating Agency Condition has not been satisfied in respect of Fitch or Fitch has indicated that it intends to downgrade any Notes, a requirement that:
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More Definitions of Partial Commingling Condition

Partial Commingling Condition shall, in respect of the Series 1997-1 Ownership Interest only, for purposes of Section 6.3(1)(a) of the Pooling and Servicing Agreement, have the meaning specified therefor in Section 7.3(5);
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Partial Commingling Condition means, on any given Business Day (for the purposes of this definition, a “Test Day”) on which (A) neither Canadian Tire nor any other Person who guarantees the obligations of the Seller as Servicer maintains a rating from DBRS (if DBRS is then rating its securities) equivalent to at least R-1 (low), or (B)
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Partial Commingling Condition. ’ means a requirement that:
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Partial Commingling Condition means, on any given Business Day (for the purposes of this definition, a “Test Day”) on which (A) neither Canadian Tire nor any other Person who guarantees the obligations of the Seller as Servicer maintains a rating from DBRS (if DBRS is then rating its securities) equivalent to at least R-1 (low), or (B) (i) neither Canadian Tire nor any other Person who guarantees the obligations of the Seller as Servicer maintains a rating from S&P (if S&P is then rating its securities) equivalent to at least A-1 (mid) and (ii) the Required Pool Amount on the most recent Determination Day is greater than 80% of the Pool Balance on such Determination Day or any subsequent Removal Date, or
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Related to Partial Commingling Condition

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • 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.

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

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

  • 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.

  • Emergency Condition means a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the NYISO or Connecting Transmission Owner, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to the New York State Transmission System or Distribution System, the Connecting Transmission Owner’s Interconnection Facilities or the electric systems of others to which the New York State Transmission System or Distribution System is directly connected; or (3) that, in the case of the Interconnection Customer, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Small Generating Facility or the Interconnection Customer’s Interconnection Facilities. Under Emergency Conditions, the NYISO or Connecting Transmission Owner may immediately suspend interconnection service and temporarily disconnect the Small Generating Facility. The NYISO or Connecting Transmission Owner shall notify the Interconnection Customer promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the Interconnection Customer’s operation of the Small Generating Facility. The Interconnection Customer shall notify the NYISO and Connecting Transmission Owner promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the New York State Transmission System or Distribution System or any Affected Systems. To the extent information is known, the notification shall describe the Emergency Condition, the extent of the damage or deficiency, the expected effect on the operation of each Party’s facilities and operations, its anticipated duration, and the necessary corrective action.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • 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.

  • 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.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Release Condition means the following:

  • Terminal condition means an incurable condition caused by injury, disease, or illness that according to reasonable medical judgment will produce death within six months, even with available life-sustaining treatment provided in accordance with the prevailing standard of medical care.

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

  • 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.

  • 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.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Preexisting condition means any medical condition,

  • 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).

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • Life-threatening condition means any disease or condition from which the likelihood of death is probable unless the course of the disease or condition is interrupted.