Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that, after giving pro forma effect thereto, the Consolidated Total Net Leverage Ratio would be no greater than 4.00 to 1.00.
Specified Change of Control Event means a Change of Control Event of the type described in clause (a) of the definition thereof.
Specified Change of Control Event means (i) any Retail/Other Property or other Real Property, as applicable, is subject to an insolvency, receivership or other similar proceeding described in Section 9.7 applicable to such Real Property; (ii) in anticipation of a full transfer of legal title to the subject Real Property upon foreclosure, deed in lieu of foreclosure or otherwise under non-recourse Indebtedness (other than with respect to the Subsidiary of MAC that owns such Real Property), all Control (as defined in the definition of Affiliate and including direct, indirect and beneficial control or otherwise) over such Real Property has been transferred in an arms-length transaction to a third party not affiliated with MAC or any of its Subsidiaries; (iii) none of the Management Companies are continuing to manage such Real Property, directly or indirectly; and (iv) following the transfer of control and management rights as provided in clauses (ii) and (iii) above, neither MAC nor any of its Subsidiaries (other than with respect to the Subsidiary of MAC that owns such Real Property) shall have any further operating liability, including any obligation to make additional capital contributions, in any form with respect to such Real Property. Nothing contained in this definition is intended to permit MAC or any of its Subsidiaries to commence any insolvency, receivership, bankruptcy or similar proceedings otherwise restricted under this Agreement, including pursuant to Section 9.7, and all such provisions shall continue to apply with full force and effect.
More Definitions of Specified Change of Control Event
Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that immediately prior to such event and after giving pro forma effect thereto, the Consolidated Net Leverage Ratio of the Parent and the Restricted Subsidiaries would have been less than 2.50 to 1.00. Notwithstanding the foregoing, only one Specified Change of Control Event shall be deemed to be an exception to the definition of “Change of Control” after the Issue Date.
Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that giving pro forma effect thereto, the Consolidated Leverage Ratio of the Company and its Restricted Subsidiaries would have been less than (x) 5.5 to 1.0, if the date of such occurrence is prior to the eighteen month anniversary of the Issue Date; or (y) 5.0 to 1.0, if the date of such occurrence is on or after the eighteen month anniversary of the Issue Date.
Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that giving pro forma effect thereto, the Consolidated Net Leverage Ratio would not exceed 4.0 to 1.0. Notwithstanding the foregoing, only one Specified Change of Control Event shall be permitted under this Senior Notes Indenture after the Issue Date.
Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that any such event occurs prior to the 18-month anniversary of the Issue Date and immediately prior to the occurrence of such event and immediately thereafter and giving pro forma effect thereto, the Relevant Net Debt of the Company and its Restricted Subsidiaries does not exceed an amount equal to 50% of ERC as of such date; provided that ERC shall be adjusted to give effect to purchases or disposals of sub-performing or charged-off consumer accounts, installment loans or other similar accounts or portfolios thereof (including through the use of Right to Collect Accounts) made since the last measurement date and prior to such date of calculation, on the basis of estimates made on a pro forma basis by management acting in good faith. Notwithstanding the foregoing, only one Specified Change of Control Event shall be permitted under this Indenture after the Issue Date.
Specified Change of Control Event means any of the transactions described in clauses (1)(i) or 2(i) of the definition of Change of Control.
Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to clause (1) of the definition thereof; provided that any such event occurs prior to the 18-month anniversary of the Issue Date and immediately after the occurrence of such event and giving pro forma effect thereto, the Relevant Net Debt of the Company and its Restricted Subsidiaries does not exceed an amount equal to 50% of ERC as of such date; provided that ERC shall be adjusted to give effect to purchases or disposals of Portfolio Assets made since the last measurement date and prior to such date of calculation, on the basis of estimates made on a pro forma basis by management acting in good faith. Notwithstanding the foregoing, only one Specified Change of Control Event shall be permitted under this Indenture after the Issue Date.
Specified Change of Control Event means the occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that, after giving pro forma effect thereto, the Consolidated Total Debt Ratio would be no greater than 4.00 to 1.00.