SPT Condition definition

SPT Condition means the condition that in respect of an SPT Observation Date:
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SPT Condition means the condition that:
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Examples of SPT Condition in a sentence

  • YES was founded in 1968 with funding from the Toronto Rotary Club, and has served over 100 000 people through its distinguished history.

  • The Premium Payment Amount shall be payable on the Premium Payment Date regardless of the Issuer satisfying the SPT Condition for any Reporting Year or the SPT Reference Year following the occurrence of a Premium Trigger Event.

  • The Premium Payment Amount shall be payable on the Premium Payment Date regardless of the Issuer satisfying the SPT Condition for any SPT Observation Date following the occurrence of a Premium Trigger Event.

  • Paragraph 3 (a) (ii) is different to the current SPT Condition 10.

  • The Issuer will cause: (a) the occurrence of a Premium Trigger Event; or (b) the satisfaction of the SPT Condition in respect of the SPT Observation Date, as the case may be, to be notified to the Paying Agent and, in accordance with Condition 13 (Notices), the Noteholders as soon as reasonably practicable after such occurrence or satisfaction (as applicable) and, in respect of (b) only, in no event later than the relevant Reporting End Date.

  • The Issuer will cause: (a) the occurrence of a Step Down Event; or (b) the SPT Condition not being satisfied in respect of the SPT Observation Date,as the case may be, to be notified to the Paying Agent and, in accordance with Condition 13 (Notices), the Noteholders as soon as reasonably practicable after such occurrence or non-satisfaction (as applicable) and, in respect of (b) above only, in no event later than the relevant Reporting End Date.

  • The Issuer will cause: (a) the occurrence of a Step Down Event; or(b) the SPT Condition not being satisfied in respect of the SPT Observation Date, as the case may be, to be notified to the Paying Agent and, in accordance with Condition 13 (Notices), the Noteholders as soon as reasonably practicable after such occurrence or non-satisfaction (as applicable) and, in respect of (b) above only, in no event later than the relevant Reporting End Date.

  • The Issuer will cause: (a) the occurrence of a Step Down Event; or (b) the SPT Condition not being satisfied in respect of the SPT Observation Date, as the case may be, to be notified to the Paying Agent and, in accordance with Condition 13 (Notices), the Noteholders as soon as reasonably practicable after such occurrence or non-satisfaction (as applicable) and, in respect of (b) above only, in no event later than the relevant Reporting End Date.

Related to SPT Condition

  • 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.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

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

  • 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).

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

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

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

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.

  • Serious health condition means an illness, injury, impairment, or physical or mental condition that involves:

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

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

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

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Release Condition means the following:

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • 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.

  • Extension Conditions Defined in Section 3.06(a).

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Change in condition means a change in physical condition of the employee as well as any change

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • 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;

  • Pre commencement condition means a condition imposed on the grant of permission which must be complied with: before any building/ other operation/ or use of the land comprised in the development is begun.