Specified Terms definition

Specified Terms those terms and conditions of the Subsidiary Loan Documents that (a) are defined in the Loan Documents with reference to a definition in the Mortgage Loan Documents, and any constituent definitions component thereof, (b) relate to the definition of “Cash Trap Event” (as defined in the Mortgage Loan Document), the result of an occurrence of a Cash Trap Event including the application of funds therefrom and any constituent definitions component thereof, including, without limitation, the percentage of “Debt Yield” (as defined in the Mortgage Loan Agreement) used for purposes of calculating a “Debt Yield Trigger Event” (as defined in the Mortgage Loan Agreement), and (c) upon any amendment, supplement or modification thereof, would result in the aggregate principal amount of Indebtedness under the Subsidiary Loan Documents being greater than such Indebtedness immediately prior to such amendment, supplement or modification. Notwithstanding the above, after the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, terms and conditions of the Subsidiary Loan Documents related to the restriction on amendment, termination or other modification or waiver of the Operating Lease, including Section 5.2.12 of the Mortgage Loan Agreement shall be deemed to be “Specified Terms” for the purpose of this definition.

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Specified Terms has the meaning set forth in Section 2.5(b).

Specified Terms those terms and conditions of the Subsidiary Loan Documents that (a) are defined in the Loan Documents with reference to a definition in the Mortgage Loan Documents, and any constituent definitions component thereof as used therein, (b) relate to the definition of “Cash Trap Event” (as defined in the Mortgage Loan Agreement), the result of an occurrence of a “Cash Trap Event” under the Mortgage Loan Agreement including the application of funds therefrom and any constituent definitions component thereof as used therein, including, without limitation, the percentage of “Debt Yield” (as defined in the Mortgage Loan Agreement) used for purposes of calculating a “Debt Yield Trigger Event” (as defined in the Mortgage Loan Agreement) or (c) relate to (i) Holdings’ and the Borrower’s ability to directly and indirectly pledge the Capital Stock of the Mortgage Loan Parties to secure the Obligations or the ability to foreclose (or accept a conveyance in lieu of foreclosure) of such Capital Stock (except to the extent such Capital Stock constitutes Excluded Property other than due to the terms of the Subsidiary Loan Documents) or (ii) the ability of any direct or indirect Subsidiary of the Borrower (other than a Subsidiary that constitutes an Excluded Subsidiary other than due to the terms of the Subsidiary Loan Documents) that directly or indirectly owns any Capital Stock in a Mortgage Loan Party to guaranty the Obligations.

Examples of Specified Terms in a sentence

• The delivery of the Offer Notice by the Transferring Member to the Non-Transferring Members shall constitute an offer by the Transferring Member to negotiate in good faith to sell to the Non-Transferring Members the Specified Interest at the Specified Price upon the Specified Terms.

• The Offering Member (or any Affiliate of any the Offering Member designated by it) shall have the right, for a period of 45 calendar days after receipt of a Transfer Request, to inform the Selling Member in writing of its offer to purchase the subject Membership Interest, specifying the price (the "Specified Price") and other terms (the "Specified Terms") of such offer (such notice, the "ROFO Offer").

• Such notice to Noteholders shall to the extent practicable be mailed no later than five Business Days prior to such Payment Date and shall specify (a) the Specified Terms and (b) in the event that such Payment Date will constitute the Final Payment Date with respect to any Notes, that amounts will be payable on such Payment Date only upon presentation and surrender of such Note and shall specify the place where such Note may be presented and surrendered for such final payment.

• As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Indenture or the applicable Specified Terms Document, as amended hereby.

• This Agreement shall become effective as of the date first set forth above; provided that (i) each of the Indenture Trustee and the Issuer shall have executed and delivered a counterpart of this Agreement, (ii) the Rating Agency Condition shall have been satisfied and (iii) the Issuer shall have received written consent from the holder of the Class B Notes and Class C Notes issued pursuant to the Specified Terms Documents to enter into this Agreement.

More Definitions of Specified Terms

Specified Terms means the contract terms specified in the direction.

Specified Terms has the meaning set out in clause 10.3.1(b); "Super Qualifying Shareholder" means:

Specified Terms has the meaning set forth in Section 9.4(b) of the Agreement.

Specified Terms has the meaning set forth in Section 11.5.

Specified Terms means the terms set forth in Rule 404(a)(6)(i).

Specified Terms means that the commitments, or definitive documentation, in respect of debt financing (including any delayed draw term loan facility) provide for (i) debt financing in an amount sufficient (such amount, the “Specified Amount”), when combined with the aggregate amount of available cash or other sources of liquidity, to fund the Required Uses and (ii) conditions to funding of the Specified Amount that are no less favorable to Buyer than those contained in the Debt Commitment Letter (as in effect on the date hereof).

Specified Terms means the terms set forth on Section 8.12(yy) of the Company Disclosure Letter.