Waiver Condition definition

Waiver Condition means provision of satisfactory evidence by the Provider to the Scottish Ministers that the relevant Prohibited Act was committed by: (a) an employee acting independently of the Provider and such employee’s employment is terminated within twenty (20) Business Days of the Scottish Ministers serving notice on the Provider of such Prohibited Act; or (b) a subcontractor (or any employee of a subcontractor not acting independently of the subcontractor) and the relevant subcontract is terminated within twenty (20) Business Days of the Scottish Ministers serving notice on the Provider of such Prohibited Act; or (c) an employee of a subcontractor acting independently of such subcontractor and such employee’s employment is terminated within twenty (20) Business Days of the Scottish Ministers serving notice on the Provider of such Prohibited Act; or (d) any person not specified in parts (a), (b) or (c) and the Provider (or any subcontractor) has severed links with such person (whether his employment, appointment or any other link) within twenty
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Waiver Condition means provision of satisfactory evidence by the Grant Recipient to the Council that the relevant Prohibited Act was committed by: an employee acting independently of the Grant Recipient; or an employee of a subcontractor acting independently of such subcontractor and the Council is satisfied that the Grant Recipient and/or the subcontractor (as applicable) has taken such action as is appropriate taking in to account the nature and the circumstances of the relevant Prohibited Act. "Acting independently" for these purposes means not acting with the authority or knowledge of any one or more of the directors of the Grant Recipient or relevant subcontractor; Works means all of the works (including design, infrastructure works and all other works necessary for obtaining access to the Affordable Dwellings) to be undertaken in order to ensure that the Affordable Dwellings comprised within a Firm Scheme meet the Submitted Standards and are constructed or refurbished (as applicable) in accordance with the Firm Scheme Details.
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Waiver Condition means provision of satisfactory evidence by the Grant Recipient to the Council that the relevant Prohibited Act was committed by: an employee acting independently of the Grant Recipient; or
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Examples of Waiver Condition in a sentence

  • The foregoing waiver shall automatically and without further action terminate if the Waiver Condition shall cease to be satisfied.

  • For the avoidance of doubt, the Waiver Condition is subject to satisfaction on a daily basis, and if Borrower fails to satisfy either the preceding clause (x) or (y) of the Waiver Condition as of any day, Borrower shall be required to demonstrate compliance with the Minimum Zimura Product Sales Covenant.

  • If at any time during the Waiver Period the Waiver Condition is not satisfied, the Collections Waiver set forth in this Section 6 shall be revoked and ineffective for the entirety of the Waiver Period.

  • The partial liquidated damages pursuant to the terms hereof shall apply on a daily pro-rata basis for any portion of a month prior to the cure of an Waiver Condition.

  • Notwithstanding anything to the contrary contained in the Plan or this Confirmation Order, the Debtor shall be deemed to assume each COC Agreement as the Waiver Condition has occurred with respect to each such COC Agreement.

  • Notwithstanding Section 3 of the Third Amendment to the contrary, the undersigned Lenders hereby consent to extend the deadline to comply with the Waiver Condition to July 10, 2015.

  • The result of satisfaction of the Waiver Condition is that Consummation of the Plan will not give rise to a "change-of-control" under any of the COC Agreements.

  • Notwithstanding anything to the contrary set forth in the Credit Agreement or any other Loan Document, the Borrower acknowledges and agrees that its failure to comply with the Waiver Condition on or before the close of business on June 19, 2015 shall constitute an immediate Event of Default under the Credit Agreement.

  • Notwithstanding anything to the contrary set forth in the Credit Agreement or any other Loan Document, the Borrower acknowledges and agrees that its failure to comply with the Waiver Condition shall constitute an immediate Event of Default under the Credit Agreement.

  • Each change of control severance agreement (collectively, the "COC Agreements") which Debtor entered into with a number of key executives (including each of the officers listed in Section III.F.2 hereof) shortly after announcement in January 2001 of the proposed restructuring, in order to encourage the retention and continued dedication of its key management, will be assumed to the extent that the Waiver Condition (defined below) is satisfied.


More Definitions of Waiver Condition

Waiver Condition means the occurrence of either of the following: (i) the five new directors to be appointed to Reorganized Debtor's board of directors have been approved by at least two-thirds of the members of Debtor's Board of Directors as of November 15, 2000 so as to avoid such appointment giving rise to a "change of control", or (ii) in the case of each COC Agreement, the executive counterparty to such COC Agreement consents to the modification of his or her COC Agreement to provide that the appointment of the five new directors under the Plan does not constitute a "change of control" of Debtor.
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Waiver Condition has the meaning set forth in Section 10.02(b).
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Related to Waiver Condition

  • 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).

  • Conditions means the standard terms and conditions of sale set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller.

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

  • 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;