Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.
Specified Condition. Shall have the meaning set forth in the Swap Agreement.
Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13. “Substitute Credit Support” has the meaning specified in Paragraph 4(d)(i). “Substitution Date” has the meaning specified in Paragraph 4(d)(ii).
Examples of Specified Condition in a sentence
The following Termination Events will be a "Specified Condition" for Party B: Illegality, Tax Event, Tax Event Upon Merger [and] Credit Event Upon Merger [and Additional Termination Event].
For purposes of Paragraph 8(a) and Paragraph 8(b), each Termination Event will constitute a Specified Condition with respect to a Pledgor or a Secured Party, respectively, if the Pledgor or Secured Party, respectively, fails to pay when due any amount payable by it in connection with an Early Termination Date designated in connection with that Termination Event.
No consent to substitutions pursuant to Paragraph 4(d)(i) shall be required at any time except when there has occurred and is continuing an Event of Default, a Potential Event of Default, or a Specified Condition with respect to the Pledgor or an Early Termination Date for which any unsatisfied payment obligations exist.
More Definitions of Specified Condition
Specified Condition means a condition which shall be satisfied if, (i) with respect to Section 7.02, if as of the date of determination the Consolidated Total Net Debt to Consolidated EBITDA Ratio after giving Pro Forma Effect to the relevant Investment, shall be less than or equal to 3.50:1.00, (ii) with respect to Section 7.06, if as of the date of determination the Consolidated Total Net Debt to Consolidated EBITDA Ratio after giving Pro Forma Effect to the relevant Restricted Payment, shall be less than or equal to 3.50:1.00, and (iii) with respect to Section 7.12, if as of the date of determination the Consolidated Total Net Debt to Consolidated EBITDA Ratio after giving Pro Forma Effect to the relevant prepayment, redemption, purchase, defeasance or other satisfaction of Junior Financing, shall be less than or equal to 3.50:1.00.
Specified Condition means the Closing Sale Price of the Common Stock on five (5) Trading Days during any period of ten (10) consecutive Trading Days commencing after the Fourth Amendment Effective Date exceeds $18.00 (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction after the Fourth Amendment Effective Date).
Specified Condition means, as of any date of determination, that (i) the Legacy Class A Stockholders beneficially own twenty-five percent (25%) or more of the outstanding Class A Shares and (ii) a Specified Stockholder is entitled to designate at least one (1) director to the Board pursuant to the Stockholders Agreement.
Specified Condition means that the stated maturity set forth in the ABL Credit Agreement or any replacement or refinancing thereof shall have been extended to a date no earlier than March 1, 2026; provided, that (i) such extension shall apply to the full aggregate principal amount of obligations and commitments thereunder and (ii) there shall be no event (other than an Event of Default under the ABL Documents) that shall cause such stated maturity to “spring” to a date prior to such extended maturity date.”
Specified Condition. For purposes of Paragraph 4(a) of the Credit Support Annex, the following Termination Events will be a Specified Condition with respect to the party that is the Affected Party for such Termination Event: Illegality, Tax Event, Tax Event Upon Merger, Credit Event Upon Merger, Additional Termination Events. For purposes of Paragraphs 8(a) and 8(b) of the Credit Support Annex, the following Termination Events will be a Specified Condition with respect to the party that is the Affected Party for such Termination Event: Credit Event Upon Merger, Additional Termination Events.
Specified Condition means a condition that shall be satisfied on any date determination if, and only if, the ratio of Remaining UPB to Adjusted Total UPB is less than or equal to 20% prior to the end of the Full Waiver Eligibility Period. If the Specified Condition is satisfied as of any date of determination, it will be deemed to be satisfied at all times going forward.
Specified Condition means any condition set forth in clause (a) or clause (e) of Exhibit B to the extent such condition relates to (i) the absence of an Order or an Applicable Law which, if violated, would result in criminal sanctions or criminal liability being imposed on the Company’s or any of its Subsidiaries’ board of directors or (ii) the absence of an Order in a jurisdiction (other than the jurisdiction referred to in Section 1.01(c)-1 of the Company Disclosure Schedule) where both Parent or any of its Affiliates, on the one hand, and the Company or any of its Affiliates, on the other hand, are required under applicable Antitrust Laws or applicable Foreign Direct Investment Laws to make a filing with or a submission to a Governmental Authority with regulatory jurisdiction over enforcement of any Antitrust Laws or Foreign Direct Investment Law in order to permit the Offer and the Merger to be consummated.