Substitution Conditions definition

Substitution Conditions has the meaning ascribed to it in SECTION 11 hereof.

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Substitution Conditions shall have the meaning set forth in Schedule III of this Agreement.

Substitution Conditions means that the Release Amount of each Individual Property which is the subject of a substitution, when aggregated with the Release Amounts of all other Individual Properties which were previously, or are simultaneously therewith, the subject of a substitution, does not exceed one-third (33.333%) of the original principal balance of the Loan.

Examples of Substitution Conditions in a sentence

Privileges granted to team members and immunity from the criminal jurisdiction of Montenegro do not exempt them from the jurisdiction of the home Member State.
Despite a substitution in accordance with Condition 15 (Substitution (applicable to Natixis Structured Issuance SA only)) of the Terms and Conditions of the English Law Notes being subject to satisfaction of the Substitution Conditions set out therein, Noteholders may, following a substitution, become subject to increased credit risk in relation to the Substitute and/or may suffer adverse consequences in relation to the market value, trading market or liquidity of their Notes.
For the avoidance of doubt, the Release or Substitution Conditions do not apply to any Discretionary Releases.
Tenant shall satisfy all Substitution Conditions and cause the Substitute Facility to be conveyed to Landlord within 180 days after the Conveyance Date.
Upon satisfaction of the Substitution Conditions and concurrently with the closing of the substitution transaction, Landlord will convey the Existing Facility to the respective Tenant or Tenant's designee by quitclaim deed and quitclaim ▇▇▇▇ of sale.

More Definitions of Substitution Conditions

Substitution Conditions has the meaning set forth in Section 2.5.2.

Substitution Conditions means that all Properties released ----------------------- during the term of the Loan do not represent in the aggregate more than twenty- five (25%) percent of (i) the aggregate Net Operating Income of all of the Properties for the twelve (12) month period immediately preceding the Outside Closing Date or for the twelve (12) month period immediately preceding the date of substitution and (ii) the value of the Properties as of the Closing Date as set forth on Schedule VIII hereto. -------------

Substitution Conditions. The meaning specified in Section 12.5(a).

Substitution Conditions means the conditions set out in paragraph 1 of Schedule 4 hereto;

Substitution Conditions as defined in subsection 2.6.4(a).

Substitution Conditions. 74 (a) Guarantor Option. Guarantor shall have closed the Guarantor Option.

Substitution Conditions means, in connection with the replacement of a Collateral Store with a Substitute Store, that: