Partial Expiration Event definition

Partial Expiration Event has the meaning specified in subsection 2.2(c) of this Agreement.
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Partial Expiration Event means the occurrence of the election of one or more Non-Extending Lenders after the Commitment Termination Date to not extend its Commitment, unless such Non-Extending Lender is replaced pursuant to Section 2.04(b) or unless the Termination Date shall have occurred.
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Partial Expiration Event has the meaning specified in Section 2.09(b).
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Examples of Partial Expiration Event in a sentence

  • The Issuer hereby requests an extension of the Commitment Termination Date under each Note Purchase Agreement for three years and agrees that if all Class A Purchasers, Class B Purchasers or Class C Purchasers, as the case may be, do not consent to such extension, then a Partial Expiration Event shall be deemed to have occurred with respect to all Class A Purchasers, Class B Purchasers or Class C Purchasers, as the case may be, under the related Note Purchase Agreement on the Commitment Termination Date.

  • For the avoidance of doubt, if a Partial Expiration Event has occurred with respect to a Tranched Lender Group but no Termination Event has occurred, principal amounts due pursuant to Section 2.08(viii) shall be applied to the Class A Notes and Class B Notes held by the related Lender Group Agent on behalf of such Tranched Lender Group in such amounts that the Designated Note Ratio is maintained following such payments and applications.


More Definitions of Partial Expiration Event

Partial Expiration Event means the occurrence of the election of one or more Non-Extending Lenders after its respective Commitment Termination Date to not extend its Commitment, unless such Non-Extending Lender is replaced pursuant to Section 2.04(b) or unless the Termination Date shall have occurred. "Partial Expiration Event Amount" means the portion of Loans Outstanding payable pursuant to Section 2.06(vi) in connection with a Partial Expiration Event. "Participant Register" has the meaning given to such term in Section 11.01(e). "Patriot Act" means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). "Payment" has the meaning assigned to it in Section 10.09. "Payment Date" means (i) the 20th day of each calendar month, (or if any such day is not a Business Day, the next succeeding Business Day), commencing December 20, 2022. or (ii) with respect to any calendar month in which the Borrower has provided the Administrative Agent, each Agent, the Servicer and the Backup Servicer at least ten Business Days' prior written notice of its intent to effect the related Take-out during such calendar month pursuant to Section 2.12(a) hereof, the related Take-out Date for such Take-out if agreed to in writing by the Borrower, the Administrative Agent, each Agent and the Servicer. "Payment Notice" has the meaning assigned to it in Section 10.09. "Payment-to-Income Ratio" means, with respect to any Receivable as of the date of underwriting, the ratio (expressed as a percentage) of (i) the monthly payment owed by the related Obligor pursuant to the related Contract to (ii) the sum of all of the related obligor's and any related co-obligor's (but no related guarantor's) monthly gross income for the calendar month
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Partial Expiration Event means the occurrence of the election of one or more Non-Extending Lenders after its respective Commitment Termination Date to not extend its Commitment, unless such Non-Extending Lender is replaced pursuant to Section 2.04(b) or unless the Termination Date shall have occurred. "Partial Expiration Event Amount" means the portion of Loans Outstanding payable pursuant to Section 2.06(vii) in connection with a Partial Expiration Event. "Participant Register" has the meaning given to such term in Section 11.01(e). "Patriot Act" means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). "Payment" has the meaning assigned to it in Section 10.09. "Payment Date" means (i) prior to June 2021 the 15th day of each calendar month or, if any such day is not a Business Day, the next succeeding Business Day, commencing September 15, 2020 and (ii) thereafter, the 20th day of each calendar month, or if any such day is not a Business Day, the next succeeding Business Day, commencing June 21, 2021. or (ii) with respect to any calendar month in which the Borrower has provided the Administrative Agent, each Agent, the Servicer and the Backup Servicer at least ten Business Days' prior written notice of its intent to effect the related Take-out during such calendar month pursuant to Section 2.12(a) hereof, the related Take-out Date for such Take-out if agreed to in writing by the Borrower, the Administrative Agent, each Agent and the Servicer. "Payment Notice" has the meaning assigned to it in Section 10.09. "Payment-to-Income Ratio" means, with respect to any Receivable as of the date of underwriting, the ratio (expressed as a percentage) of (i) the monthly payment owed by the related Obligor pursuant to the related Contract to (ii) the sum of all of the related obligor's and any related co-obligor's (but no related guarantor's) monthly gross income for the calendar month immediately preceding the date such Receivable was originated, as determined by DFC in accordance with the Credit and Collection Policy in effect at such time. "Pension Plan" means an "employee pension benefit plan," as such term is defined in Section 3(2) of ERISA, maintained by the Borrower, DFC, Lithia, or any ERISA Affiliate, or in which employees of the Borrower are entitled to participate, as from time to time in effect. "Performance Guarantor" means Lithia. "Performance Guaranty" means the Amended and Restated Performance Guaranty, dated as of December 31, 2020, by the Pe...
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Partial Expiration Event means the occurrence of a Lender Group’s Commitment Termination Date after the Lender Group Agent of such Lender Group has declined to extend such Commitment Termination Date, unless such Non-Extending Lenders are replaced pursuant to Section 2.04(b) or unless the Amortization Date shall have occurred.
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Partial Expiration Event means the occurrence of the election of one or more Non-Extending Lenders after its respective Commitment Termination Date to not extend its Commitment, unless such Non-Extending Lender is replaced pursuant to Section 2.04(b) or unless the Termination Date shall have occurred. "Partial Expiration Event Amount" means the portion of Loans Outstanding payable pursuant to Section 2.06(vii) in connection with a Partial Expiration Event. "Participant Register" has the meaning given to such term in Section 11.01(e). "Patriot Act" means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). "Payment" has the meaning assigned to it in Section 10.09. "Payment Date" means (i) the 20thwith respect to August 2024, August 20, 2024 and with respect to any calendar month thereafter, the 18th day of each calendar month, or if any such day is not a Business Day, the next succeeding Business Day, commencing June 21, 2021 or (ii) with respect to any calendar month in which the Borrower has provided the Administrative Agent, each Agent, the Servicer and the Backup Servicer at least ten Business Days' prior written notice of its intent to effect the related Take-out during such calendar month pursuant to Section 2.12(a) hereof, the related Take-out Date for such Take-out if agreed to in writing by the Borrower, the Administrative Agent, each Agent and the Servicer. "Payment Notice" has the meaning assigned to it in Section 10.09. "Payment-to-Income Ratio" means, with respect to any Receivable as of the date of underwriting, the ratio (expressed as a percentage) of (i) the monthly payment owed by the related Obligor pursuant to the related Contract to (ii) the sum of all of the related obligor's and any related co-obligor's (but no related guarantor's) monthly gross income for the calendar month 34
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Partial Expiration Event means the occurrence of the election of one or more Non-Extending Lenders after its respective Commitment Termination Date to not extend its Commitment, unless such Non-Extending Lender is replaced pursuant to Section 2.04(b) or unless the Termination Date shall have occurred. "Partial Expiration Event Amount" means the portion of Loans Outstanding payable pursuant to Section 2.06(vi) in connection with a Partial Expiration Event. "Participant Register" has the meaning given to such term in Section 11.01(e). "Patriot Act" means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). "Payment" has the meaning assigned to it in Section 10.09. "Payment Date" means the 20th day of each calendar month, or if any such day is not a Business Day, the next succeeding Business Day, commencing December 20, 2022. "Payment Notice" has the meaning assigned to it in Section 10.09. "Payment-to-Income Ratio" means, with respect to any Receivable as of the date of underwriting, the ratio (expressed as a percentage) of (i) the monthly payment owed by the related Obligor pursuant to the related Contract to (ii) the sum of all of the related obligor's and any related co-obligor's (but no related guarantor's) monthly gross income for the calendar month immediately preceding the date such Receivable was originated, as determined by DFC in accordance with the Credit and Collection Policy in effect at such time. "Pension Plan" means an "employee pension benefit plan," as such term is defined in Section 3(2) of ERISA, maintained by the Borrower, DFC, Lithia, or any ERISA Affiliate, or in which employees of the Borrower are entitled to participate, as from time to time in effect. "Performance Guarantor" means Lithia.
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Partial Expiration Event shall have the meaning specified in a ------------------------ Certificate Purchase Agreement.
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Related to Partial Expiration Event

  • Initial Expiration Date is defined in Section 1.1(c) of the Agreement.

  • Final Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Option Expiration Date means the last day of the maximum term of an Option.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Reduction Event means any of the following:

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Stated Expiration Date has the meaning specified in Section 3.05(d).

  • Term Expiration Date means the earlier of (i) the date that is thirty (30) years after the Term Commencement Date; provided that if such date occurs within an NFL Season or within thirty (30) days following an NFL Season, such date shall be automatically extended to the date that is thirty (30) days following the end of such NFL Season, as applicable, or (ii) the date on which the Stadium Lease is terminated pursuant to the express rights and terms of the Stadium Lease.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.

  • Warrant Expiration Date means 5:00 P.M. (New York time) on __________, 2001 or the Redemption Date as defined in Section 8, whichever is earlier; provided that if such date shall in the State of New York be a holiday or a day on which banks are authorized or required to close, then 5:00 P.M. (New York time) on the next following day which in the State of New York is not a holiday or a day on which banks are authorized or required to close. Upon notice to all warrantholders the Company shall have the right to extend the warrant expiration date.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Index Cessation Event means, with respect to an Applicable Benchmark, (a) a public statement or publication of information by or on behalf of the Administrator of the Applicable Benchmark announcing that it has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider, as applicable, that will continue to provide the Applicable Benchmark; or (b) a public statement or publication of information by the regulatory supervisor for the Administrator of the Applicable Benchmark, the central bank for the currency of the Applicable Benchmark, an insolvency official with jurisdiction over the Administrator for the Applicable Benchmark, a resolution authority with jurisdiction over the Administrator for the Applicable Benchmark or a court or an entity with similar insolvency or resolution authority over the Administrator for the Applicable Benchmark, which states that the Administrator of the Applicable Benchmark has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider that will continue to provide the Applicable Benchmark.