Trigger Condition definition

Trigger Condition means [Trigger Condition (European)] [Trigger Condition (American)].

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Trigger Condition with respect to Section 10.3 (Financial Covenants), either (x) the occurrence or continuance of an Event of Default or (y) Availability is less than $10,000,000 on any day.

Trigger Condition shall have the meaning given to it in the Senior Credit Agreement.

Examples of Trigger Condition in a sentence

The Holder shall have the right to cancel the Warrant Call up until the date the called Warrant Shares are actually delivered to the Holder (“Warrant Call Delivery Date”) if the Trigger Condition relied upon for the Warrant Call ceases to apply.
Upon the Trigger Condition occurring, Licensor may notify Licensee in writing (“Relocation Notice”) that the Trigger Condition has occurred and if other spaces or antenna mount heights are available to accommodate Licensee’s Approved Equipment on the Tower (without the requirement of any improvements to the Tower by Licensor), indicate which other spaces or antenna mount heights are so available and, also, indicate the Paying Carrier Rate.
The Rating Fee shall be payable for the period beginning on the first date during the Rating Fee Trigger Period that the Rating Fee Trigger Condition exists, and ending on the date the Debt Rating is restored to Category I (which, for certainty, may be a date after the Rating Fee Trigger Period).
If the Trigger Condition occurs, and no Trigger Exclusion occurs, then the refund to Buyer shall be made only to the extent that Buyer establishes that it has lost sales as a result of the Trigger Condition that Buyer would have made, but was unable to make, as a result of the Trigger Condition.
The Purchaser shall provide prompt written notice to the Seller of any Protected Matter of which the Purchaser or any other Protected Person becomes aware which gives rise to or which may give rise to a claim under this deed or the Environmental Warranties and shall notify the Seller immediately upon a Trigger Condition being satisfied in relation to any such Protected Matter.

More Definitions of Trigger Condition

Trigger Condition with respect to Section 10.3 (Financial Covenants), either (x) the occurrence or continuance of an Event of Default or (y) the Average Availability for any calendar quarter is less than the greater of 15% of the aggregate Revolver Commitments as then in effect and $7,500,000. Trigger Period: with respect to Section 10.3 (Financial Covenants), (a) prior to the Full Payment of the Tranche B Term Loans, any period during which any Obligation with respect to the Tranche B Term Loans is or was outstanding or (b) the period commencing on and including the last day of the Fiscal Quarter then most recently ended prior to occurrence of a Trigger Condition with respect to which the financial statements and corresponding Compliance Certificate shall have been delivered to Agent pursuant to Section 10.1.2 (a) or (b) (Financial and Other Information), as applicable, and Section 10.1.2(c) (Financial and Other Information), and ending on and including the last day of the next Fiscal Quarter during which no Trigger Condition existed or occurred; it being acknowledged that a Trigger Period shall cover, at a minimum, a three Fiscal Quarter period.

Trigger Condition means either (i) any Event of Default has occurred and continuing thereafter until waived in writing by Lender or cured with Lender’s written consent; or (ii) Excess Availability is less than twenty percent (20%) of Working Capital Obligations then outstanding, and continuing thereafter until Excess Availability equals or exceeds twenty percent (20%) of Working Capital Obligations for at least sixty (60) days consecutively, as determined by Lender.

Trigger Condition means the criteria and conditions entered by the Client, which if met, the corresponding limit order entered by the Client will be placed on the respective Exchange. The below set of conditions, not being limited to, are required to be selected by the Client:

Trigger Condition shall have the meaning set forth in Section 1.75 of the Business Disclosure Letter.

Trigger Condition means (i) any lawful direction, claim or action of any Relevant Authority relating to any Compliance Liability and/or any Environmental Condition (including in respect of any Remediation); or (ii) any claim made by a third party in respect of any Compliance Liability and/or any Environmental Condition; or (iii) in respect of any Compliance Liability and/or Environmental Condition, any Remediation that, if not carried out, would prevent the continued use or occupation of the relevant Property as it was at Completion, in compliance with Environmental Law and Environmental Permits;

Trigger Condition has the meaning given in paragraph 5 of this schedule 13.

Trigger Condition means the satisfaction of either of the following conditions:

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