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.
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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.
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Transfer Condition means, collectively:
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Examples of Transfer Condition in a sentence

  • Racal agrees that if this Agreement shall be terminated by Global pursuant to clause 5.2(b)(i) or clause 8.12 or, because of the failure to satisfy the Transfer Condition set out in paragraph 1 of Schedule III, pursuant to Clause 2.7, then Racal shall promptly pay to Global an amount equal to (Pound Sterling)10 million.

  • 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.

  • Borrower shall be required to move the funds out of each investment to the Bank upon the expiration of the Applicable Remaining Term (the "Applicable Transfer Condition") relating thereto in a prompt manner and only up to an aggregate amount in order to satisfy the financial covenant in Section 6.7 hereof.

  • Bank and Borrower agree that no default of the minimum liquidity financial covenant shall occur solely due to the location of funds in the Interim Investments as long as the funds in each of the Interim Investments are moved to Bank when the Applicable Transfer Condition relating thereto has occurred.

  • Aegon NL has taken cognisance of and hereby acknowledges the transfer of the Shares subject to the Transfer Condition Precedent and the Transfer Condition Precedent and will immediately enter the transfer subject to the satisfaction of the Transfer Condition Precedent and the Transfer Condition Subsequent in its register.

  • The scope of the disputes to be arbitrated by the Neutral Arbitrator is limited to the Disputed Items not resolved in the Resolution Period, and the Neutral Arbitrator is not allowed to make any determination other than whether the Tech Transfer Condition has been satisfied.

  • The Company shall not be entitled to waive the Minimum Tender Condition, the Termination Condition or the Compulsory Transfer Condition.

  • To the extent that the Minimum Transfer Condition is satisfied or waived in writing by Buyer but less than all the Aircraft are transferred, Seller's obligations under this Section 11.03 shall be with respect to only such portion of the Hedging Transactions as bears the same relationship to the value of all Hedging Transactions as the Base Purchase Price for the Aircraft which failed to transfer bears to the aggregate Base Purchase Price for all Aircraft.

  • The Parties shall also provide to each other such assistance as is reasonably requested in the satisfaction of any Deferred Transfer Condition for which the other group may be primarily responsible.

  • In the event that such written notice is not delivered within such [***]-day period, then the Tech Transfer Condition shall be deemed satisfied as of the end of such [***]-day period.


More Definitions of Transfer Condition

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;
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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.
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Transfer Condition means the satisfaction of (i) the Half Payment Condition or (ii) the Time Lapse Condition, as applicable.
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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. PARTIES: The Fort ▇▇▇▇▇ School District 100, Party of the First Part, and ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 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.