Partial Release Event definition

Partial Release Event has the meaning set forth in Section 2.4.
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Partial Release Event means each partial conversion of the Note into Common Stock, partial redemption of the Note or partial exercise of any Note Put Option as exercised by the applicable Party(s) under the Note.
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Partial Release Event means the receipt by the Trustee of:
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Examples of Partial Release Event in a sentence

  • If, within the ten (10) Business Day period (the “Partial Release Dispute Period”) following its receipt of a Partial Release Certificate, Chemring notifies the Escrow Agent and ADG in writing that Chemring disputes that a Partial Release Event has occurred, the Escrow Agent shall retain and not disburse the Partial Release Amount (defined below) to the ADG Parties.

  • Each Partial Release Event is separate and independent of any other Release Event and a given fact situation may entitle the Shareholders to have amounts released pursuant to more than one Partial Release Event.

  • Buyer and GGCP shall instruct the Escrow Agent to release all of the Escrowed Funds (as defined in the Escrow Agreement) in excess of the Floor Amount (defined below) (i) promptly after each Partial Release Event (as defined in the Escrow Agreement), (ii) promptly after receipt of each Monthly Statement (defined below) and (iii) at such other time as Buyer and GGCP shall mutually agree.

  • If, within such ten (10) Business Day period, Chemring notifies the Escrow Agent and ADG in writing that Chemring disputes that a Partial Release Event has occurred, the Escrow Agent shall retain and not disburse the Partial Release Amount to the ADG Parties.

  • Except as otherwise expressly permitted herein (including, without limitation, prepayments resulting from the application of Awards or Insurance Proceeds as provided herein or in connection with a Partial Release Event), in no event shall Lender have any obligation to accept a partial prepayment.

  • Cascade and Seller shall instruct the Escrow Agent to release all of the Escrowed Funds in excess of the Floor Amount (defined below) promptly after (i) each partial conversion of the Note into Common Stock or partial exercise of any Note Put Option (each a "Partial Release Event") and (ii) receipt of each Monthly Statement (defined below).

  • The Escrow Agreement shall provide that any such disbursement of the Partial Release Amount to the ADG Parties shall occur ten (10) Business Days after the receipt by the Escrow Agent and Chemring of a certificate signed by ADG that a Partial Release Event has occurred, which certificate shall describe the analysis of ADG in reaching the conclusion that there has been a Partial Release Event.

  • The Partial Release Event was completed in accordance with the terms of the Loan Agreement, and the Property does not include the Release Parcel.

  • At any time after June 24, 2013, the ADG Parties may provide to the Escrow Agent and Chemring a certificate (a “Partial Release Certificate”) signed by ADG that a Partial Release Event has occurred, which Partial Release Certificate shall describe the analysis of ADG in reaching the conclusion that there has been a Partial Release Event.


More Definitions of Partial Release Event

Partial Release Event means the prepayment of the Loan relating to only the Retail Space in accordance with the terms hereof.
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Related to Partial Release Event

  • Release Event has the meaning set forth in Section 6(b).

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Conditional release means a revocable modification of a

  • Lease Termination Date means the last day of the Lease Term.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Accidental release means an unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air from a stationary source.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Environmental Release means the spilling, leaking, pumping, pouring, emitting, releasing, emptying, discharging, injecting, escaping, leaching, dumping, leaving, discarding or disposing of any Contaminant into or upon the Environment.

  • 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).

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • Loan Termination Date means the earliest to occur of the following: (i) as to the REVOLVING NOTES, November 1, 2012, as to the TERM NOTES, October 31, 2016, (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date ADMINISTRATIVE AGENT has received (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Escrow Release Date has the meaning set forth in Section 9.6.

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

  • Release Notice has the meaning specified in Section 11.19(b).

  • Release Condition means the following:

  • General Release has the meaning stated in Section 6.03.