Release Criteria definition

Release Criteria means the criteria which the Member must meet in order for The Cambridge to release the Contribution to them as set out in condition 5;

Release Criteria means, after giving effect to the Transfer: (i) the assignee shall have averaged a minimum EBITDA per annum for the trailing twelve months of at least $350,000,000 or greater, (ii) the Net Leverage Ratio with respect to the assignee for the trailing twelve months does not exceed, and has not exceeded, 4.5:1 (iii) the Lease Adjusted Leverage Ratio with respect to the assignee for the trailing twelve months does not exceed, and has not exceeded, 5.5:1, and (iv) the assignee shall have a Tangible Net Worth of $200,000,000.00 or greater.

Release Criteria shall have the meaning ascribed in Section 4.2.1.

Examples of Release Criteria in a sentence

• Release Criteria: Decontamination of the work area is complete when at least one representative sample per work area is analyzed and reveals lead concentrations below 40 micrograms of lead per square foot of area on interior floors, 250 micrograms of lead per square foot of area on window channels/sills and 800 micrograms of lead per square foot of area on exterior floors.

• Contractor's Release Criteria: Work in a regulated area is complete when the regulated area is visually clean and airborne fiber levels have been reduced to or below 0.01 f/cc as measured by the AHERA PCM protocol, or 70 AHERA structures per square millimeter (s/mm2) by AHERA TEM.

• A copy of any portion/section of the Authorization and Release, Criteria Sheet and or Application has the same force and effect as the original.

• Release Criteria: Decontamination of the project is complete as determined by the analytical protocol if each of the Work Area samples is below 0.01 fibers/cubic centimeter (f/cc) or 70 (structures) f/mm2.

• Contractor's Release Criteria: Work in a regulated area is complete when the regulated area is visually clean and airborne fiber levels have been reduced to or below 0.01 f/cc as measured with PCM methods.

More Definitions of Release Criteria

Release Criteria means the Matrix I Release Criteria and the Matrix II Release Criteria, as the case may be; provided, however, that, prior to the Matrix II Commercialization Date, each reference to “Release Criteria” under ARTICLE X means the Matrix I Release Criteria.

Release Criteria means the basis and conditions by which the Escrow Agent shall release the relevant portion of Consideration Shares to the Vendor on the Release Date pursuant to the schedule in Clause 7.1;

Release Criteria has the meaning given in clause 2.2 below.

Release Criteria has the meaning set forth in Section 10.1.

Release Criteria means each of the following: (i) no Event of Default shall exist; (ii) each Lease shall have been entered into in compliance with the terms and provisions of this Agreement; and (iii) Lender shall have received evidence reasonably acceptable to Lender of each of the following: (A) that the applicable Lease is in full force and effect and neither Borrower nor the Tenant thereunder is in default thereunder; (B) a copy of the applicable fully executed Lease; (C) all conditions to such Tenant’s occupancy of the space demised under the applicable Lease have been satisfied or the Tenant has entered into occupancy subject to completion of punch-list items and commencement of the applicable Lease has occurred; (D) all costs and expenses incurred in connection with the re-leasing pursuant to the applicable Lease have been paid in full (subject to usual and customary retainage) and any lien waivers, invoices and such other evidence reasonably requested by Lender to confirm that such costs have been incurred and paid in full (subject to usual and customary retainage) and (E) such other evidence as Lender shall reasonably request.

Release Criteria means the Matrix I Release Criteria, the Matrix II Release Criteria and the Matrix III Release Criteria, as the case may be; provided, however, that, prior to the Matrix II Commercialization Date, each reference to “Release Criteria” under ARTICLE X means the Matrix I Release Criteria; and provided further, that prior to the Matrix III Commercialization Date, each reference to “Release Criteria” under ARTICLE X means the Matrix I Release Criteria and the Matrix II Release Criteria. [*] Certain confidential information contained in this document, marked with an asterisk in brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Release Criteria means the Pharmanetics standards used in tests to determine whether a newly manufactured lot of New, Routine or Specialty Products is in compliance with the applicable Specifications. The Release Criteria in effect on the effective date of this Agreement are contained in Schedule 1.15. The Release Criteria may be amended from time to time by Pharmanetics subject to the reasonable approval of Bayer if such amendments alter the performance of the Product in a clinically significant manner. If such amendments are subject to approval Bayer shall approve the amended Release Criteria or suggest changes to it within ten (10) business days, after which time elapses the amended Release Criteria shall be effective.