Substitution Criteria definition

Substitution Criteria means the following criteria which must be satisfied in respect of each proposed Substitution or, if the Substitution Criteria below are not satisfied prior to the relevant Substitution, the relevant thresholds and amounts calculated pursuant thereto must be improved after giving effect to such Substitution and must have the consent of the Calculation Agent:
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Substitution Criteria shall be satisfied with respect to any Substitute Lease Contract if such Substitute Lease Contract shall (i) be an Eligible Lease Contract; (ii) be with respect to types of Equipment and type of Leases represented in the pool of Lease Contracts previously pledged to the Trustee pursuant to this Agreement; (iii) be with a Lessee whose credit is equal to or better than that of the Lessee under the withdrawn Lease Contract; (iv) be accompanied by a supplement to this Agreement substantially in the form of Exhibit H hereto subjecting such Lease Contract to the provisions hereof and providing with respect to such Substitute Lease Contract the information required in the Lease Schedule; (v) not have been selected using procedures that identified the Lease Contracts as being less desirable or valuable than other comparable equipment leases owned by Rockford; (vi) have a Discounted Lease Contract Balance at least equal to the Discounted Lease Contract Balance of the Lease Contract being withdrawn; and (vii) have a remaining term that is not later than the remaining term of the Lease Contract being withdrawn.
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Substitution Criteria means each of the following:
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Examples of Substitution Criteria in a sentence

  • Further, the substituted equipment must be able to meet the FCC’s Service Substitution Criteria.

  • The subsequent failure of any Reference Entity to satisfy any of the relevant Substitution Criteria shall not cause any such Reference Entity to cease being a constituent of a Reference Portfolio.

  • Accordingly, investors bear the risk of the credit quality of a Reference Portfolio deteriorating and the constituents thereof not being removed from a Reference Portfolio, even though such Reference Entities fail to continue to meet the Substitution Criteria.

  • There is no requirement that the Portfolio Manager remove from the Reference Portfolio any Reference Entity which no longer meets the Substitution Criteria, although it may elect to do so should it wish, in the manner and subject to the restrictions set out in the Portfolio Management Agreement.

  • Investors should note that Reference Entities comprising the Reference Portfolio are only required to meet the Conditions to Inclusion, the Reference Entity Substitution Criteria and the Reference Portfolio Substitution Criteria (together, the Substitution Criteria) on the date on which such Reference Entities are added to the Reference Portfolio to the extent that they are included after the Trade Date (as defined in the Portfolio CDS).

  • Investors should note that Reference Entities comprising the Reference Portfolio are only required to meet the Conditions to Inclusion, the Reference Entity Substitution Criteria and the Reference Portfolio Substitution Criteria (together, the “Substitution Criteria”) on the date on which such Reference Entities are added to the Reference Portfolio.

  • Applicable Mutual Fund Interest Substitution Criteria: Equivalent Mutual Fund Interest.

  • The Portfolio Advisor, and not the Swap Counterparty, shall be responsible for ensuring that a Substitution Notice meets the Substitution Criteria.

  • However, if the Substitution Criteria are not met or the Sellers do not offer sufficient Substitute Loan Receivables, the Notes Principal Available Amount after deduction of (i) up to and including the Portfolio Purchase Date immediately preceding the First Optional Redemption Date, the amounts applied towards payment of the Initial Purchase Price for any Further Advance Receivables and (ii) the Interest Shortfall Amount, will be used to redeem the Notes (other than the Subordinated Class D Notes).

  • Proposed Substitution In the Substitution Notice, the Initial Noteholder proposed to modify the Reference Portfolio as follows: The Initial Noteholder wishes to add the following Reference Entity to the Reference Portfolio: Reference Entity to be added:[insert Replacement Reference Entity]Reference Entity to be deleted:[insert Replaced Reference Entity] [Case 1: Failure of Substitution Criteria.


More Definitions of Substitution Criteria

Substitution Criteria means the criteria specified as such in the Collateral Management Agreement.
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Substitution Criteria means the requirements which are determined by the Calculation Agent in a commercially reasonable manner and in accordance with its internal policies, as being necessary for it to effect the substitution of the redemption proceeds of the Original BTG Collateral with the Replacement Collateral so that such substitution complies with all applicable laws, regulations, internal and external approvals and consents;
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Related to Substitution Criteria

  • Functional Criteria means the criteria set out in clause 27 of this Part C.

  • Selection Criteria means and includes all of the requirements, considerations,

  • ASAM criteria means admission, continued service, transfer, and discharge criteria for the treatment of substance use disorders as published by the American Society of Addiction Medicine (ASAM).

  • Nomination Criteria means the criteria made up of the Over-Riding Nomination Criteria andthe Specific Nomination Factors, and is also referred to as “this Criteria”.

  • Review Criteria has the meaning assigned to that term in Section 12.02(b)(i).

  • Fitch Criteria means the Collateral Amount shall equal the sum of (i) the product of A multiplied by the mark-to-market value of the outstanding Transactions dxxxxmined by Party A in good faith from time to time, and (ii) the product of B multiplied by the current aggregate notional amount of the outstanding Transactions, where:

  • Over-Riding Nomination Criteria means the criteria set out in clause 4.2.

  • Examination Criteria means the loan classification criteria employed by, or any applicable regulations of, the Assuming Institution’s Chartering Authority at the time such action is taken, as such criteria may be amended from time to time.

  • Evaluation Criteria means the criteria set out under the clause 27 (Evaluation Process) of this Part C, which includes the Qualifying Criteria, Functional Criteria and Price and Preferential Points Assessment.

  • Design Criteria means the design criteria set out in the Ministry’s publication “Design Criteria for Sanitary Sewers, Storm Sewers and Forcemains for Alterations Authorized under Environmental Compliance Approval”, (as amended from time to time).

  • Business Criteria means any one or any combination of Income before Taxes, Net Income, Return on Equity, Return on Assets, Pre-tax Margin, Free Cash Flow, Valuation or EPS.

  • Design Criteria Package means concise, performance-oriented drawings or specifications for a public construction project. The purpose of the Design Criteria Package is to furnish sufficient information to permit Design-Build Firms to prepare a bid or a response to the District’s Request for Proposals, or to permit the District to enter into a negotiated Design- Build Contract. The Design Criteria Package must specify performance- based criteria for the public construction project, including the legal description of the site, survey information concerning the site, interior space requirements, material quality standards, schematic layouts and conceptual design criteria of the project, cost or budget estimates, design and construction schedules, site development requirements, provisions for utilities, stormwater retention and disposal, and parking requirements applicable to the project. Design Criteria Packages shall require firms to submit information regarding the qualifications, availability, and past work of the firms, including the partners and members thereof.

  • Criteria means one of the eight (8) state defined categories to be scored.

  • Board-Established Criteria means criteria that the Board of a Regulated Fund may establish from time to time to describe the characteristics of Potential Co-Investment Transactions regarding which the Adviser to the Regulated Fund should be notified under Condition 1. The Board-Established Criteria will be consistent with the Regulated Fund’s Objectives and Strategies (defined below). If no Board-Established Criteria are in effect, then the Regulated Fund’s Adviser will be notified of all Potential Co-Investment Transactions that fall within the Regulated Fund’s then-current Objectives and Strategies. Board-Established Criteria will be objective and testable, meaning that they will be based on observable information, such as industry/sector of the issuer, minimum EBITDA of the issuer, asset class of the investment opportunity or required commitment size, and not on characteristics that involve a discretionary assessment. The Adviser to the Regulated Fund may from time to time recommend criteria for the Board’s consideration, but Board-Established Criteria will only become effective if approved by a majority of the Independent Directors (defined below). The Independent Directors of a Regulated Fund may at any time rescind, suspend or qualify their approval of any Board-Established Criteria, though Applicants anticipate that, under normal circumstances, the Board would not modify these criteria more often than quarterly.

  • Eligibility and selection criteria means criteria for determining:

  • Investment Criteria The criteria specified in Section 12.2(a).

  • Acceptance Criteria means the Specifications, goals, performance measures, testing results and/or other criteria designated by the Agency and against which the Deliverables may be evaluated for purposes of Acceptance or Non-acceptance thereof.

  • Clinical review criteria means the written screening procedures, decision abstracts, clinical protocols, and practice guidelines used by a health carrier to determine the necessity and appropriateness of health care services.

  • Dose profile means the dose as a function of position along a line.

  • Monitoring Indicator means a measure of HSP performance that may be monitored against provincial results or provincial targets, but for which no Performance Target is set;

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Replacement Candidate means any Candidate Introduced by the Agency to the Client to fill the Engagement following the Introduction of another Candidate whose Engagement either did not commence or was terminated during the first 12 weeks of the Engagement;

  • Direction-indicator lamp means the lamp used to indicate to other road-users that the driver intends to change direction to the right or to the left;

  • Eligibility Criteria means the legal criteria as specified in the Clause 5 of this E- Auction Process Information Document;

  • Individual Objectives means as to a Participant, the objective and measurable goals set by a “management by objectives” process and approved by the Committee (in its discretion).

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.