Release Criteria definition

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.

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;

Examples of Release Criteria in a sentence

• 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.

• In the event that, based on its own performance of the Acceptance Test, Oxford determines that the Product does not meet the Product Release Criteria then Oxford and StemCell will repeat the Acceptance Test together at Oxford’s facilities, with all of StemCell’s associated costs to conduct such joint Acceptance Test at Oxford’s facilities to be borne solely by Oxford.

• Oxford will have [***] ([***]) business days to conduct the Acceptance Test and confirm whether the Product as received by StemCell meets the Product Release Criteria (tested in accordance with Part IV of Schedule “C”).

• Release Criteria: A student's attendance, participation, and progress (as evidenced by Expectations/Criteria for Release) while assigned to the Secondary Alternative Education Program will be reviewed by the Site Administrator to determine if the student has met criteria.

• The Product supplied to Oxford by StemCell shall be in compliance with the Product Release Criteria and Oxford will accept Product that meets the Product Release Criteria.

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 means those criteria that PRODUCT must meet in order to be acceptable for use by Wyeth. These criteria are: MANUFACTURER shall manufacture PRODUCT in accordance (i) with applicable FDA and other international regulatory requirements for PRODUCT meeting the Specifications, (ii) applicable compulsory regulatory and compliance documentation including cGMP, (iii) Wyeth’s quality standards set forth in the Technical Agreement which is Appendix C to this Agreement, (iv) applicable governmental and pharmacopeia health and safety requirements and standards and (v) the Specifications.

Release Criteria has the meaning given in clause 2.2 below.

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.

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.