Qualifying Conditions definition

Qualifying Conditions means that both at the time of and immediately after the applicable proposed action or omission to take any action, by the Company or any of its Subsidiary, each of the following conditions are satisfied (or waived in writing by the Holder): (x) no Equity Conditions Failure has occurred, (ii) the Total Net Leverage Ratio is less than or equal to 3:1 and (iii) the Form 10-K has been filed with the SEC.

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Qualifying Conditions means and will occur if and at such time as both (a) a Requirement Change has occurred, and (b) a Material Cost Change for a Rate Period has occurred and such Requirement Change has not been repealed or rescinded as of the commencement of the Rate Period for which such Material Cost Change has occurred.

Qualifying Conditions refers to the conditions set out in clause 3 below.

Examples of Qualifying Conditions in a sentence

• If a new agreement is not reached with PRTC by the time of the expiration date, and the CUSTOMER has not submitted a written notice for discontinuation of Services thirty (30) days prior to such date, Services will auto-renew on a month to month basis at the prevailing rates, 1/12 of the MARC and the full Qualifying Conditions and existing discounts, during good faith negotiations, until a new agreement is reached or CUSTOMER provides the aforementioned written notice for discontinuation of Services.

• If CUSTOMER substitutes 2% or more of their present wireline access lines and VOIP Trunk Lines with existing PRT technology, then PRTC will reduce the Qualifying Conditions and the MARC by the same percentage as the percentage impact of the lines substituted.

• If the CUSTOMER fails to meet the agreed ▇▇▇▇, during year one of this Agreement, due to migration to a new technology service offered by PRTC, then the Qualifying Conditions and MARC will be reduced by the same percentage as the percent impact of the new technology services.

• If you do not meet the Qualifying Conditions, or you met the Qualifying Conditions and did not opt in to the No Fee Overdraft Program, and the Varo Bank Account balance remains negative for fifteen (15) days, we can use the funds in any of your accounts with us to repay the negative balance of the Varo Bank Account.

• This Agreement is available only to CUSTOMERs who commit to the Minimum Annual Revenue Commitment (MARC) in Section 31.2.4; and satisfy each of the specific Qualifying Conditions in Section 31.2.5.

More Definitions of Qualifying Conditions

Qualifying Conditions shall be (i) that COMMERCIAL SEED orders shall be PRE-PRODUCTION ORDERS; (ii) that all biomass grown from the COMMERCIAL SEED purchased by a QSE will only be used by its BIOREFINERY; (iii) that payment is made as per the “PAYMENT PROCEDURE;” and (iv) that QSE exclusively places orders in the calendar year of the PRE-PRODUCTION ORDER with CERES for all non-grain-type sorghum seed. If a COMPETITOR has voting stock or other voting interest in a QSE or has a CONFLICT PERSON as a representative on the Board of Directors or other governing body of the entity, a further QUALIFYING CONDITION shall be that the QSE must have entered into an exclusive feedstock supply agreement with CERES as contemplated in Article 4.B.8.

Qualifying Conditions. If the Customer does not fully utilize the Audio and Net Conferencing Services provided under this Agreement the Company reserves the right to not apply the above mentioned one-time credit. Waivers:

Qualifying Conditions means in relation to any relevant Member of the OS Group who may at any time exercise a licence in respect of the additional technology the subject of clause 2.7, not: (a) being in actual or threatened or pending substantive litigation with SEC or otherwise being deemed hostile to SEC; or (b) already having a licence from SEC in respect of the relevant SEC Background Technology;

Qualifying Conditions. An employee shall receive eight (8) times the hourly rate of pay for each of the above holidays, provided:

Qualifying Conditions. The employee shall receive Holiday pay in spite of absence on the work day prior to or the work day following such Holiday, where such absence was due to:

Qualifying Conditions means the Qualifying Conditions set out in paragraph 8 of the letter between the parties titled “Interim Telephony Arrangements for Practices” and dated on or around 31 January 2023

Qualifying Conditions means the following: