Resizing Event definition

Resizing Event shall have the meaning set forth in Section 9.1.2 hereof.
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Resizing Event shall have the meaning set forth in Section 9.7.
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Resizing Event shall have the meaning set forth in Section 11.29.
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Examples of Resizing Event in a sentence

  • In connection with any Resizing Event, Borrower covenants and agrees to modify the Cash Management Agreement with respect to the newly created components and/or mezzanine loans.

  • Lender agrees that such new notes, modified notes or mezzanine notes shall immediately after the Resizing Event have the same initial weighted average interest rate as the original note immediately prior to such Resizing Event.

  • In connection with any Resizing Event, Borrower covenants and agrees to resize the Interest Rate Protection Agreement to reflect the newly created components and/or mezzanine loans.

  • Lender agrees that such new notes or modified note or mezzanine notes shall have the same weighted average coupon as the original note prior to such Resizing Event and shall otherwise comply with the provisions of Section 9.1.1(f).

  • Such Resizing Event shall not materially increase Borrower’s obligations or materially decrease Borrower’s rights hereunder.

  • Lender agrees that such new notes or modified note or mezzanine notes shall after the Resizing Event have the same weighted average coupon as the original note prior to such Resizing Event, except that the application of principal to such new notes or modified note or mezzanine notes following an Event of Default or as a result of a Casualty or Condemnation may cause the weighted average spread of such new notes or modified note or mezzanine notes to change.

  • Lender shall structure any Resizing Event in such a way as to not adversely impact any 1031 tax exchange made in connection with Borrower’s acquisition of the Property.

  • In connection with any Resizing Event, Borrower covenants and agrees to modify the Cash Management Agreement to reflect the newly created components.

  • In connection with any Resizing Event, Borrower covenants and agrees to modify the Cash Management Agreement to reflect the newly created components and/or mezzanine loans, provided the same do not materially increase Borrower’s or Guarantor’s or their Affiliates’ obligations or materially decreases Borrower’s or Guarantor’s or their Affiliates’ rights under the Loan Documents, other than to a de-minimis extent.

  • In connection with any Resizing Event, Borrower covenants and agrees to modify the Cash Management Agreement and/or re-size the Interest Rate Cap Agreement (at Lender’s sole cost and expense in respect of any amounts due and payable in connection with such re-sizing) with respect to the newly created notes or components.


More Definitions of Resizing Event

Resizing Event shall have the meaning set forth in Section 11.29(a). “Restoration” shall have the meaning set forth in Section 5.2.1.
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Resizing Event has the meaning set forth in Section 5.1(w).
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Related to Resizing Event

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Triggering Event II means the date on which the Common Share Price is greater than $15.50 after the Closing Date, but within the Earn Out Period.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Funding Event means on any day, (the “Rating Decline Date of Determination”) BNP Paribas’ long-term credit rating has declined to a level three or more notches below its highest rating by any of Standard & Poor’s Ratings Services, ▇▇▇▇▇’▇ Investor Service, Inc. or Fitch Ratings, Ltd. during the period beginning on and including the Closing Date and ending on and including the Rating Decline Date of Determination.

  • Pending Change of Control means: (i) the signing of a definitive agreement for a transaction which, if consummated, would result in a Change of Control; (ii) the commencement of a tender offer which, if successful, would result in a Change of Control; or (iii) the circulation of a proxy statement seeking proxies in opposition to management in an election contest which, if successful, would result in a Change of Control.