Waiver Conditions definition

Waiver Conditions means, collectively, (a) Borrower consummates the ECM Line of Business Sale on or prior to February 28, 2020 and provides evidence, in form and substance reasonably acceptable to Bank, of the closing thereof, (b) the net cash proceeds received by Borrower from the ECM Line of Business Sale, plus the amount of customer prepayments that result in a reduction of the purchase price for the ECM Line of Business Sale, is not less than Eight Million Dollars ($8,000,000) and such amount is deposited and maintained in Borrower’s deposit account with Bank upon the consummation thereof, (c) Borrower is in compliance with Section 6.8 of this Agreement and (d) Borrower provides evidence, in form and substance reasonably acceptable to Bank, that Borrower has closed all of its bank accounts maintained with any other Person other than Bank within the time frame required by Section 6.8 of this Agreement.
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Waiver Conditions shall have the meaning provided in the recitals to this Agreement.
Sample 1
Waiver Conditions means (i) no Credit Party shall make any investment, loan or other advance to any New Entity other than the New Entity Capitalization, (ii) no New Entity shall conduct any business and (iii) no New Entity, individually, shall own assets with a fair market value in the aggregate, in excess of $10,000.
Sample 1

Examples of Waiver Conditions in a sentence

  • If at any time any or all of the Capital Expenditure Reserve Waiver Conditions Precedent are no longer met, Borrower shall immediately begin and shall continue to fund the Capital Expenditure Account on account of Capital Expenditures as provided herein.

  • Notwithstanding the foregoing, the Performance Covenant shall not apply for any monthly period for which Borrower satisfies the Performance Covenant Waiver Conditions on each day of such monthly period.

  • If at any time any or all of the Rollover Reserve Waiver Conditions Precedent are no longer met, Borrower shall immediately begin and shall continue to fund the Rollover Account on account of tenant improvements and leasing commissions as provided herein.

  • Notwithstanding any provisions of Section 6.4.1(a) hereof to the contrary, provided and on condition that each of the Capital Expenditure Reserve Waiver Conditions Precedent are satisfied and remain satisfied at all times, Borrower shall not be required to make the initial deposit to the Capital Expenditure Account on account of Capital Expenditures or make the Monthly Capital Expenditure Deposit on account of Capital Expenditures as provided herein.

  • Notwithstanding the foregoing, Lender agrees to waive the requirement for Monthly Property Tax Deposits so long as the Reserve Waiver Conditions are satisfied.

  • If at any time during the term of the Loan Borrower fails to satisfy the Reserve Waiver Conditions with respect to the Monthly Property Tax Deposit, Borrower shall make a True Up Payment with respect to the same into the Property Tax and Insurance Escrow Account.

  • Notwithstanding the foregoing, Lender agrees to waive the requirement for the Monthly Insurance Premium Deposit so long as the Reserve Waiver Conditions are satisfied.

  • This Limited Waiver will be automatically rescinded and nullified and be of no force or effect if the Borrower fails to comply with any of the Waiver Conditions.

  • Xxxxxx’s Name: Xxxx, NA, dba Bank of Texas By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx Title: Vice President Date: April 25, 2017 The undersigned Lender hereby: X APPROVES a limited waiver of (i) the Leverage Ratio set forth in Section 6.10 of the Credit Agreement and (ii) the Interest Coverage Ratio set forth in Section 6.11 of the Credit Agreement for the fiscal quarters ending March 31, 2017 and June 30, 2017 subject to the Borrower complying with the Limited Waiver Conditions.

  • After the Contingency Period, the Deposit shall be nonrefundable unless Seller is in material default of the Definitive Agreement, the Opening Bidder is not the successful bidder at the Auction or Seller's Sale is not confirmed by the Bankruptcy Court for any reason whatsoever (collectively, "Performance Waiver Conditions").


More Definitions of Waiver Conditions

Waiver Conditions are that:
Sample 1
Waiver Conditions means the following:
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Related to Waiver Conditions

  • 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:

  • Conditions means these terms and conditions;

  • 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).

  • 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.

  • 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;

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

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

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

  • Extension Conditions Defined in Section 3.06(a).

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • 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.

  • Additional Conditions means the terms and conditions set out in the Offer Document.

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

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

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

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

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

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

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • 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.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Standard Conditions means the “International Bank for Reconstruction and Development and International Development Association Standard Conditions for Grant Financing Made by the Bank out of Trust Funds”, dated February 25, 2019.

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.

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