Permitted Termination Event definition

Permitted Termination Event means termination of Executive’s employment pursuant to a Termination by Reason of Death, a Termination by Reason of Incapacity, a refusal by NMHC to extend the Term of this Agreement as set forth in Section 2.1 or a Termination Other Than For Cause (provided, however, that Executive shall not be permitted to effect a Termination Other Than For Cause based upon a Material Diminution until six (6) months after the occurrence of a Change in Control).

Permitted Termination Event. As defined in Section 6.04(b) hereof.

Permitted Termination Event. As defined in Section 6.04(b) hereof. “Person ”: Any individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, estate, unincorporated organization or government or any agency, instrumentality or political subdivision of any government, or any definition of such term as may be provided in Sections 13(d) and 14(d) of the Exchange Act. “Post-Closing Acquisition Reserve Account ”: As defined in the Indenture. “Post-Closing Property ”: As defined in the Indenture. “Prepayment Consideration Payment ”: With respect to any Mortgage Loan, any yield maintenance or prepayment premium payment made by a Borrower in connection with a Principal Prepayment on or other early collection of principal of a Mortgage Loan. “Primary Servicing Office ”: The office of the Property Manager or the Special Servicer, as the context may require, that is primarily responsible for such party’s servicing obligations hereunder. “Prime Rate ”: The “prime rate” published in the “Money Rates” section of The Wall Street Journal, as such “prime rate” may change from time to time. If The Wall Street Journal ceases to publish the “prime rate,” then the Indenture Trustee shall select an equivalent publication that publishes such “prime rate”; and if such “prime rate” is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then the Indenture Trustee shall select a comparable interest rate index. In either case, such selection shall be made by the Indenture Trustee in its sole discretion and the Indenture Trustee shall notify the Property Manager and the Special Servicer in writing of its selection. “ Principal Prepayment ”: Any payment of principal voluntarily made by the Borrower on a Mortgage Loan that is received in advance of its scheduled Due Date and that is not accompanied by an amount of interest (without regard to any Prepayment Consideration Payment 19 US-DOCS\ 96557504.7 102826315.7

Examples of Permitted Termination Event in a sentence

• PERMITTED TERMINATION EVENTS; REMEDIES Permitted Termination Event.

• The occurrence of a Permitted Termination Event shall not constitute an Agency Event of Default, a Master Financing Contract Event of Default or an Event of Default, and the remedies set forth in this Section relating to the return of the Property are the sole remedies available to the Trustee upon such occurrence.

• Upon the occurrence and effectiveness of a Permitted Termination Event, the Corporation shall be entitled to retain all sums previously transmitted to the Corporation by or on behalf of the State Agency for the benefit of the Owners of the Certificates.

• The occurrence of a Permitted Termination Event shall not constitute an Agency Event of Default, a Master Contract Event of Default or an Event of Default, and the remedies set forth in this Section relating to the return of the Property are the sole remedies available to the Trustee upon such occurrence.

• The occurrence of a Permitted Termination Event with respect to this State Agency Financing Contract shall not affect any rights, duties or obligations with respect to any other State Agency Financing Contract with respect to which no Permitted Termination Event has occurred.

• A Permitted Termination Event shall not constitute an Event of Default.

• Unless a Permitted Termination Event has occurred, the State shall punctually pay the Rent Payments and Additional Rent in conformity with the terms and provisions of this Master Financing Lease, and will faithfully observe and perform all the covenants, terms and other obligations contained herein required to be observed and performed by the State.

• Upon the State’s determination of the occurrence of a Permitted Termination Event, the Corporation shall be entitled to retain all sums previously transmitted to the Corporation by the State for the benefit of the Owners of the Certificates.

• The Xxxxxxx Money is consideration for the rights granted to Purchaser to purchase the Property and if Purchaser has not terminated this Agreement in accordance with Section 3.2, then the Xxxxxxx Money will be non-refundable except if a Purchaser Permitted Termination Event occurs, in which event the Xxxxxxx Money will promptly be returned to Purchaser.

• The occurrence of a Permitted Termination Event with respect to one State Agency Financing Lease shall not affect any rights, duties or obligations with respect to any other State Agency Financing Lease with respect to which no Permitted Termination Event has occurred.

More Definitions of Permitted Termination Event

Permitted Termination Event has the meaning provided by Section 5.1 of the applicable Master Financing Contract or Section 6.1

Permitted Termination Event means the occurrence of the following: (1)(a) the State Legislature elects not to appropriate sufficient funds within any biennial budget for the purpose of paying Rent in the next occurring Biennium or, (b) the Governor of the State issues an Executive Order mandating an emergency reduction in funding, and (2) the Tenant delivers written notice to the Landlord and Trustee within days following the enactment of such budget or within days following such an emergency reduction in funding, as the case may be, describing the failure to appropriate the necessary funds or insufficiency of funds as a result of an emergency reduction in funding and stating the Permitted Termination Date. Permitted Use has the meaning given to it in Section 7 of this Lease. Plans and Outline Specifications are the most recent renditions for the Base Shell and Core Buildings, a schedule of which plans and specifications are attached to the Development Agreement as Exhibit D and incorporated herein by this reference.