Proposed Replacement definition

Proposed Replacement is defined in Section 5.2(b).

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Proposed Replacement. The meaning specified in Section 2.15(b).

Proposed Replacement is defined in Section 5.2(b). “Proprietary Risk Rating” means, for any Loan, the rating assigned thereto by the Borrower under the five-level numeric rating system set forth in Schedule V used by the Borrower to rate the credit profile on Loans, as described in the Investment Policy, applied consistently and in good faith. “Pro-Rata Share” means, with respect to any Lender on any day, the percentage equivalent of a fraction the numerator of which is such ▇▇▇▇▇▇’s Commitment and the denominator of which is the Group Advance Limit of the related Lender Group. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

Examples of Proposed Replacement in a sentence

• The Borrower shall make each such Proposed Replacement reasonably available for meetings and/or telephonic conferences with and to respond to questions from the Administrative Agent and the Managing Agents.

• For clarity, subject to the foregoing, Lilly may nominate such Proposed Replacement Target anytime during the Research Term, including during the final twelve (12) months of the Research Term if such Proposed Replacement Target replaces a Lilly Target that was discontinued during the final twelve (12) months of the Research Term.

• Such Proposed Replacement Target shall become a Lilly Replacement Target and, therefore, subject to the procedure set forth in Section 3.1.3(a), also become a Lilly Target and the replaced Target shall be deemed a discontinued target (“Lilly Discontinued Target”).

• Notwithstanding the foregoing, a Collaboration Target that has been substituted out for Technological Infeasibility but for which ▇▇▇▇▇ later selects as a Proposed Replacement Target pursuant to Section 2.1.3(c) (Substitutions After Resolution of Technological Infeasibility) will only be an Encumbered Target if the foregoing clause (i) or clause (ii) applies with respect to such Proposed Replacement Target.

• If the Proposed Replacement Target specified in such Replacement Request is not an Unavailable Target, then the replaced Collaboration Target will be deemed an Unavailable Target and not a Collaboration Target, and the Proposed Replacement Target will be deemed a Collaboration Target, upon receipt of such Replacement Request by Precision.

• Promptly upon being notified of the identity of the Proposed Replacement Cash Administrator, the Issuer shall appoint the Proposed Replacement Cash Administrator as Cash Administrator on substantially the same terms as set out herein, provided however that any such appointment shall be subject to the prior written consent of the Trustee and to the condition that a Rating Agency Confirmation is obtained.

• Email: ▇▇▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ Attention: ▇▇▇▇▇▇ ▇▇▇▇ The Notice Record Date for determining the Holders entitled to receive this Notice of Proposed Replacement Manager and Proposed Second Amended and Restated Collateral Management Agreement and to deliver an Objection shall be August 10, 2015.

• From and after the date on which the Project Plan for the Proposed Replacement Target is approved, (A) such Proposed Replacement Target shall become the “Replacement Collaboration Target” and Collaboration Target hereunder and (B) the applicable Initial Collaboration Target shall no longer be the Collaboration Target and such Target shall become a Discontinued Target.

• Upon delivery by ▇▇▇▇▇▇▇▇▇▇▇ to Novartis of a negative Suitability Analysis report with respect to any Proposed Replacement Target, and until [**] thereafter, the exclusivity obligations of Schrӧdinger pursuant to Article 11 (Exclusivity) shall apply with respect to such Proposed Replacement Target, and for clarity, shall not apply to Novartis with respect to such Proposed Replacement Target.

• Within [**] after the Effective Date, the Parties shall engage a mutually agreed, independent, third-party gatekeeper (the “Gatekeeper”) in order to maintain the confidentiality of the identity of Unavailable Targets, Proposed Replacement Targets and Proposed Collaboration Targets.

More Definitions of Proposed Replacement

Proposed Replacement is defined in Section 5.2(b). “Proprietary Risk Rating” means, for any Loan, the rating assigned thereto by the Borrower under the five-level numeric rating system set forth in Schedule V used by the Borrower to rate the credit profile on Loans, as described in the Investment Policy, applied consistently and in good faith. “Pro-Rata Share” means, with respect to any Lender on any day, the percentage equivalent of a fraction the numerator of which is such L▇▇▇▇▇’s Commitment and the denominator of which is the Group Advance Limit of the related Lender Group. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Purchasing Lender” is defined in Section 11.1(b). “Qualified Institution” means a depository institution or trust company (i) which is organized under the laws of the United States or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank) and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation. “Rating Agencies” means S&P, Moody’s and Fitch, if and so long as they have rated and are continuing to rate commercial paper notes of any Issuer, or such other nationally recognized statistical rating organizations as may be designated by a Liquidity Provider with prior written notice to the Borrower and the Investment Adviser. “Records” means, with respect to any Loans, all documents, books, records and other information (including without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) maintained with respect to any item of Collateral and the related Obligors, other than the Loan Documents. “Recoveries” means, with respect to any Loan that is a Defaulted Loan, Proceeds of the sale or other liquidation of any Related Property, Proceeds of any related Insurance Policy, and any other recoveries with respect to such Loan and Related Property, and amounts representing late fees and penalties, net of Liquidation Expenses and amounts, if any, received that are required to

Proposed Replacement has the meaning given to it in Clause 3.1.1

Proposed Replacement is defined in Section 5.2(b). “Proprietary Risk Rating” means, for any Loan, the rating assigned thereto by the Borrower under the five-level numeric rating system used by the Borrower to rate the credit profile on Loans, as described in the Investment Policy, applied consistently and in good faith. “Pro-Rata Share” means, with respect to any Lender on any day, the percentage equivalent of a fraction the numerator of which is such ▇▇▇▇▇▇’s Commitment and the denominator of which is the Group Advance Limit of the related Lender Group. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Purchasing Lender” is defined in Section 11.1(b). “Qualified Institution” means a depository institution or trust company (i) which is organized under the laws of the United States or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank) and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation. “Records” means, with respect to any Loans, all documents, books, records and other information (including without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) maintained with respect to any item of Collateral and the related Obligors, other than the Loan Documents.