Transfer Condition definition

Transfer Condition. As to each Loan Group and any Distribution Date prior to the Senior Credit Support Depletion Date, the existence of an OC Condition or a UC Condition. No Loan Group can have both an OC Condition and a UC Condition simultaneously.
Sample 1Sample 2Sample 3
Transfer Condition. With respect to any date of determination and any Substitute Receivable or Defaulted Receivable repurchased from the Trust pursuant to Section 2.5 or 4.11 hereof, the transfer condition shall be satisfied if that after giving effect to such transfer, the Aggregate Outstanding Receivable Balance (determined as of the applicable Cut-Off Date for each such Receivable) of all Substitute Receivables and all Defaulted Receivables repurchased pursuant to Section 2.5 or 4.11 hereof is less than 20% of the Aggregate Outstanding Receivable Balance all Eligible Receivables as of such date of determination.
Sample 1Sample 2
Transfer Condition means, collectively:
Sample 1Sample 2

Examples of Transfer Condition in a sentence

  • A transfer of the Tranche A.1A Voting Rights by a Tranche A.1A Creditor in contravention of the Transfer Condition will lead to an automatic cancellation of the Tranche A.1A Voting Rights held by that Creditor.


More Definitions of Transfer Condition

Transfer Condition. For so long as the Loan remains outstanding, the holder of the New CB shall not make, cause or effect any transfer, assignment or other disposal of all or any of the New CB or create or cause or allow the creation of any lien or encumbrance over any of the New CB, except those expressly allowed under the Loan Agreement. Transferability of the New CB : Subject to the terms and conditions of the New CB and the Transfer Condition, the New CB may be transferred, assigned or otherwise mortgaged, charged or pledged to any person in whole multiples of PHP10,000,000 (or such lesser amount as may represent the entire principal amount thereof). Any transfer, assignment, mortgage, charge or pledge of the New CB to any related party of Suntrust (a shareholder, their immediate family, holding at least 10% or more of the equity of Suntrust, or any director, officer or employee of the corporation, its parent or affiliates), shall be (i) immediately reported and disclosed to PSE and (ii) to the SEC within five (5) calendar days from its execution provided there shall be no transfer or assignment of the New CB if such transfer or assignment will result in the New CB being held by more than nineteen (19) holders at any one time. Conversion restriction : Notwithstanding any other terms and conditions of the New CB, the holder(s) of the New CB shall exercise the New CB Conversion Rights attaching to the New CB only if it is confirmed by Suntrust in writing that the allotment and issue of the Conversion Shares to such holder(s) of the New CB pursuant to an exercise of the New CB Conversion Rights will not cause Suntrust to be in breach of the relevant minimum public float requirement under the relevant PSE rules or circular which is currently 10% for Suntrust.
Sample 1
Transfer Condition means a condition included in a Transfer Notice in accordance with any Portfolio Agreement which provides that all or a specified number of Sale Securities must be sold to existing security holders, failing which none of the Sale Securities are required to be sold to existing security holders;
Sample 1
Transfer Condition means the satisfaction of (i) the Half Payment Condition or (ii) the Time Lapse Condition, as applicable.
Sample 1

Related to Transfer Condition

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

  • OTHER CONDITIONS Any subsequent contracts shall supersede the provisions of this contract. This contract is void if the Party of the Second Part does not hold a valid license in accordance with Section 6-17-401 A.C.A. for the full term of the contract. Given this, the 25TH DAY OF APRIL, 2017 PARTIES: The Fort Xxxxx School District 100, Party of the First Part, and XXXXXXXXX XXXXX XXXXXX Party of the Second Part, agree as follows:

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

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

  • 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.

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

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

  • Release Condition means the following:

  • 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).

  • Delivery Condition has the meaning set forth in Section 2.2(a).

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Acute condition means a disease, illness or injury that is likely to respond quickly to treatment which aims to return the person to his or her state of health immediately before suffering the disease/ illness/ injury which leads to full recovery.

  • Acceptance Condition means the acceptance condition to any Offer;

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

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

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below), (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage” shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

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

  • 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.

  • Business Condition of any Person shall mean the condition (financial or other), earnings, results of operations, business, properties or prospects of such Person.

  • Associated Conditions means the symptoms or side effects associated with Stage-Four Advanced, Metastatic Cancer or its treatment and which, in the judgment of the health care practitioner, further jeopardize the health of a patient if left untreated.

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • performance requirement means a requirement that: