Reduction Trigger Date definition

Reduction Trigger Date means the date that is (x) twelve (12) months after the Closing Date plus (y) the amount of time (if any) that is a delay in progressing development of Product or obtaining FDA Approval due to (i) any action (or inaction) taken (or effected) by Seller (or its Affiliates) at the behest of, or to address the requests of, Purchaser and/or to (ii) any action of FDA in response to any such action (or inaction) taken under clause (i) of this sentence.
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Reduction Trigger Date shall have the meaning specified in the definition of “Second Milestone Payments” as set forth in this Exhibit A.
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Reduction Trigger Date means the date that is sixty (60) calendar days after the Effective Date.
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Examples of Reduction Trigger Date in a sentence

  • The earliest to occur of (i) the Distribution Date following the Distribution Date on which Class A-7 Component Two receives any amount of principal, (ii) the Distribution Date following the Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.

  • After the occurrence of any Required Reduction Date, if the conditions described in the first sentence shall again occur, there will be another Reduction Trigger Date and Required Reduction Date and the foregoing provisions concerning them shall be applicable.

  • Following the first FCCR Reduction Trigger Date, Credit Parties will not permit the Fixed Charge Coverage Ratio for any Defined Period on each Testing Date to be less than 1.10 to 1.00.

  • Initially the amount of Fifteen Million Dollars ($15,000,000.00) which shall apply to the last portion or dollars of the Obligations collected by Bank, subject to reduction on a Guaranty Reduction Trigger Date as specified therein.

  • Following the first FCCR Reduction Trigger Date, Credit Parties will not permit the Fixed Charge Coverage Ratio for any Defined Period, as tested monthly on the last day of each calendar month (each, a “Testing Date”), to be less than 1.10 to 1.00.

  • For any Asset Pool Portion at any Determination Date, the sum of (i) the Credit Enhancement Factor for such Asset Pool Portion minus (ii) 4.00% (or, after the Overcollateralization Reduction Trigger Date, 3.00%).

  • The earliest date to ------------------------------------ occur of (i) the Distribution Date following the Distribution Date on which the Class A-7-2 Component receives any amount of principal, (ii) the Distribution Date following the Senior Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.

  • The earliest date to ------------------------------------ occur of (i) the Distribution Date following the Distribution Date on which the Class A-7-1 Component receives any amount of principal, (ii) the Distribution Date following the Senior Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.

  • On a Guaranty Reduction Trigger Date, the liability of the Guarantors will be reduced to their respective Guarantor Pro-Rata Percentage times the Guaranteed Amount as defined in paragraph 1.11.

  • The earliest to occur of (i) the Distribution Date following the Distribution Date on which Class A-7 Component One receives any amount of principal, (ii) the Distribution Date following the Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.


More Definitions of Reduction Trigger Date

Reduction Trigger Date as defined in subsection 2.6(d).
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Related to Reduction Trigger Date

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Reduction Event means any of the following:

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Covenant Trigger Period means the period (a) commencing on the date that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $50,000,000 and (b) continuing until there has been a period of 30 consecutive days thereafter during which at all times (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $50,000,000.

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Rating period means the calendar period for which premium rates established by a small employer carrier are assumed to be in effect.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.