Trigger Conditions definition

Trigger Conditions means those matters set out in paragraph 5.1(a) or (b) hereof;
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Trigger Conditions means, as of any date: (a) no Event of Default has occurred or is continuing or would result from the effectiveness of the Merger Transaction, (b) no event or condition has resulted in, or could be reasonably expected to cause, either individually or in the aggregate, a Material Adverse Effect or to result in a Material Adverse Effect from the effectiveness of the Merger Transaction, (c) the Company has executed and delivered such documents as Holder may reasonably request in connection with the exchange of this Debenture for the A&R Debenture (as defined below), including, without limitation, the Security Documents and the Registration Rights Agreement in form and substance reasonably satisfactory to Holder and (d) the satisfaction of any additional covenants and conditions set forth in Sections 2.3(b) and 2.4(b) of the Purchase Agreement.
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Trigger Conditions has the meaning set forth in Section 8.1(c) of the Purchase and Sale Agreement.
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Examples of Trigger Conditions in a sentence

  • The Company’s right to exercise a Warrant Call shall commence five (5) Trading Days after either of the Trigger Conditions has been in effect continuously for fifteen (15) Trading Days.

  • Upon the satisfaction of the Release Trigger Conditions, the Borrower may, at its option, provide written notice to the Administrative Agent requesting that the Administrative Agent release all of its Liens in the Collateral (such written notice, a "Release Request"), and upon receipt of such Release Request, the Administrative Agent shall promptly release its Liens in all Collateral.

  • Upon the occurrence of any Profit Sharing Trigger Conditions (as hereinafter defined), the Developer shall commence and thereafter use commercially reasonable efforts to market the West Parcel for sale to a third party.

  • The Company’s right to exercise a Warrant Call shall commence five (5) trading days after either of the Trigger Conditions has been in effect continuously for fifteen (15) trading days.

  • To Seller’s Knowledge, no Cash Management Trigger Conditions, as defined in the Loan Agreement, have occurred.

  • Non-Divesting ------------------------------------------------- Transmission Owner(s), after the Transco Trigger Conditions have been satisfied, shall have the right to seek to terminate their participation in the Alliance Agreement in accordance with the provisions in Article IX.

  • Notwithstanding the foregoing, if subsequent to the satisfaction of the Release Trigger Conditions but prior to delivery of the Release Request by the Borrower either (i) the Borrower submits a Compliance Certificate in accordance with Section 7.

  • These conditions, referred to herein as the "Transco Trigger Conditions," may be satisfied either before or after the beginning of Alliance ISO operations.

  • Upon the occurrence of the Cash Trigger Conditions (as hereinafter defined), in lieu of the 125 Holland Project, the Developer shall fully satisfy all obligations arising under Section 4.08 or other operative provision of the Zoning By-law with respect to affordable housing by making a cash contribution to the Town’s Affordable Housing Trust Fund (the “Cash Contribution”) equal to Six Million Five Hundred Twenty Five Thousand Dollars ($6,525,000) in two installments.

  • If the --------------------------------------------------------- Transco Trigger Conditions are not satisfied, Transmission Owner(s) shall have the right to seek to terminate their participation in the Alliance Agreement in accordance with the provisions in Article IX.


More Definitions of Trigger Conditions

Trigger Conditions shall exist on any day if, after giving effect to any increase in (or payments on) the outstanding amount of the deferred WRC Purchase Price on such day, the sum of (x) the remaining unpaid balance of the deferred WRC Purchase Price plus (y) the aggregate Purchase Price of all Percentage Interests would exceed 91% of the aggregate Outstanding Balance of all Receivables.
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Trigger Conditions has the meaning given in Clause 7.1;
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Trigger Conditions means each of the following conditions: (i) Borrower shall have entered into a written collaboration or joint venture agreement with Sanofi-Aventis, in form and substance satisfactory to Bank, no later than January 31, 2013, and (ii) Borrower shall have entered into at least one additional collaboration or joint venture agreement, in form and substance satisfactory to Bank, by June 30, 2013 that provides for an up-front payment to be received by Borrower of at least $2,500,000. All personal property of Borrower (herein referred to as “Borrower” or “Debtor”) whether presently existing or hereafter created or acquired, and wherever located, including, but not limited to:
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Trigger Conditions means, with respect to any Performance Period, each of the following conditions: (i) the Net Revenues of the Surviving Corporation for such Performance Period is equal to or greater than 80% of the Net Revenues Target for such Performance Period, and (ii) the EBITDA of the Surviving Corporation for such Performance Period is equal to or greater than 80% of the EBITDA Target for such Performance Period.
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Trigger Conditions means: (i) [•].
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Related to Trigger Conditions

  • Offer Conditions has the meaning set forth in Section 1.01(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.

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

  • 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:

  • 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).