Replacement Conditions definition

Replacement Conditions has the meaning given to that term in Section 8.5(b)(iii).
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Replacement Conditions has the meaning given to that term in Sub-Paragraph (e) of Paragraph 14 (Acquisitions) of Schedule H (General Undertakings).
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Replacement Conditions means (i) the delivery to the Agent of the Steel Partners Lien Replacement Guaranty duly executed by Steel Partners (together with a customary legal opinion from counsel to Steel Partners with respect to such guaranty), or (ii) the optional prepayment by the Loan Parties of the Working Capital Term Loan in an amount not less than $10,000,000; provided that such prepayment shall not constitute a mandatory prepayment under the Working Capital Credit Agreement (as in effect on the date hereof), shall not be made from the proceeds of an asset sale or the Steel Partners Junior Investment, and shall not be a Rights Offering Payment."
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Examples of Replacement Conditions in a sentence

  • Any assignment of this Agreement by operation of law or otherwise to any Person, in whole or in part, by the Collateral Manager shall be deemed null and void unless the Collateral Manager Replacement Conditions are satisfied.

  • The CDS Counterparty shall effect such Replacements, subject to compliance with or waiver of the Replacement Conditions, the Rating Agency Conditions and any other applicable conditions.

  • No Replacement once agreed to between the CDS Counterparty and the Portfolio Manager can be set aside on the basis that, as a factual matter, the Replacement Conditions or Rating Agency Conditions were not satisfied.

  • Neither the CDS Counterparty nor the Calculation Agent shall have any liability whatsoever for the actions or inactions of the Portfolio Manager and neither the CDS Counterparty nor the Calculation Agent shall have any responsibility whatsoever for the monitoring of the performance of the Portfolio Manager or compliance with the Replacement Conditions or Rating Agency Conditions.

  • The CDS Counterparty, the Calculation Agent and the Portfolio Manager (subject, in respect of the Portfolio Manager, to the terms of the Portfolio Management Agreement) shall have no liability whatsoever for the consequences of any Replacement or non-compliance with the Replacement Conditions or Rating Agency Conditions.

  • For the avoidance of doubt, in the event the Borrower fails to comply with the Replacement Conditions within the time periods set forth above, the right of the Borrower to cure such Default as provided in Section 8.5(b)(iii)(C) shall cease, and thereupon the Agent and the Lenders shall have any and all rights and remedies with respect to such Replacement Event as may be available under this Agreement and the other Loan Documents.

  • If the LC Replacement Conditions are satisfied, Agent will execute such documents as are reasonably necessary to replace such Pledged Letter of Credit.

  • If and for so long as the Borrower fulfils the Replacement Conditions prior to issuing the guarantee or surety (Bürgschaft), the threshold amount of EUR [***] increases to EUR [***].

  • In this regard, in addition to pushing the replacement of inferior coal with high-quality bulk coal and promoting clean cook stoves, the government focused on advancing the shift from “scattered household coal to electricity” and “scattered household coal to gas”.

  • If God wanted to introduce the apparitions of Fatima with the presence of the Angels, we must conclude that the many Messages about the Angels that we find in our Book must be of great importance.

Related to Replacement Conditions

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Extension Conditions Defined in Section 3.06(a).

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Replacement Facility means 1 of the following:

  • Restricted Payment Conditions is defined in Section 10.9.

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Replacement Date has the meaning set forth in Section 2.08(b).

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Standard Conditions means the “International Bank for Reconstruction and Development and International Development Association Standard Conditions for Grant Financing Made by the Bank out of Trust Funds”, dated February 25, 2019.

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Reference Interest Rate Replacement Conforming Changes means, with respect to any Reference Interest Rate Replacement, any technical, administrative or operational changes (including changes to the definition of "Interest Period", timing and frequency of determining rates and making payments of interest, changes to the definition of "Corresponding Tenor" solely when such tenor is longer than the Interest Period and other administrative matters) that the Issuer or its designee decides may be appropriate to reflect the adoption of such Reference Interest Rate Replacement in a manner substantially consistent with market practice (or, if the Issuer or its designee decides that adoption of any portion of such market practice is not administratively feasible or if the Issuer or its designee determines that no market practice for use of the Reference Interest Rate Replacement exists, in such other manner as the Issuer or its designee determines is reasonably necessary).

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Minimum Condition has the meaning set forth in Annex I.

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.