Favorable Term definition

Favorable Term shall have the meaning set forth in Section 2.5.
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Favorable Term means a term that is more favorable to the purchaser of a Specified Security than the equivalent term in the Note or provides a new more favorable term to the purchaser of a Specified Security that is not included in the Note after giving effect to the obligations of such purchaser of a Specified Security with respect to such term. A term shall be a Favorable Term if the internal rate of return of the Specified Security is greater than the internal rate of return of the Note. If a term does not have a cash value or effect the computation of internal rate of return, then such term will be a Favorable Term by the reasonable determination of the holder of the Note. Notwithstanding the foregoing, a Favorable Term regarding the Conversion Price (as defined by the Note) or any right of the holder of the Note to be issued equity upon conversion of obligations under the Note shall be effective upon an Event of Default by the Company under the Note and a Favorable Term shall not apply to any of the following (1) the initial payment grace period under the Note or (2) the amortization schedule of the Note or (3) any security interest that is granted to the purchaser of a Specified Security.
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Favorable Term. Piggyback Registration", "Prospectus", "Registration Demand", "Registration Procedures", "Registration Rights", "Registration Statement", "Representative", "Saracen Members", "Saracen Registration Rights Agreement", "selling holder", "Shelf Registration", "Shelf Registration Statement", "Subsequent Warrant Holder", "Takedown", "underwriter" and "underwriting or agency agreement".
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Examples of Favorable Term in a sentence

  • The Purchaser shall notify the Company in writing, within ten (10) days after the date it has been offered the opportunity to receive the benefit of the More Favorable Terms, of its election to receive any More Favorable Term so offered.

  • Lindsey thencalled her boyfriend, Joe Sanders, and the two crafted a plan to rob the Carranzas.

  • If a term does not have a cash value or effect the computation of internal rate of return, then such term will be a Favorable Term by the reasonable determination of the holder of the Note.

  • For any ambiguity set, F such thatEP[|z˜i|] < ∞ ∀P ∈ Fthere exists a lifted ambiguity set, G whose corresponding LDR is feasible in Problem (15).

  • A term shall be a Favorable Term if the internal rate of return of the Specified Security is greater than the internal rate of return of the Note.

  • Since the removal of the tree, Boral have been in consultation with the Aboriginal Liaison Officer, Veronica Graff, from Shellharbour City Council (SCC) who convenes the local Aboriginal Tribal Elders Group and with the NPWS and local Aboriginal representatives who were to decide the most appropriate location and preservation for the tree.

  • It shall be a condition to the effectiveness of any such More Favorable Term to the Banks or such other lender, that the Purchasers receive the benefit of such More Favorable Term at the same time as the Banks or such other lender.

  • So long as the Note is outstanding, upon any issuance by Company of any security with a More Favorable Term (as defined below), or amendment, waiver or adjustment to any existing security that results in the granting of a More Favorable Term, then Company shall notify Investor and such More Favorable Term, at Investor’s option, will become a part of the Transaction Documents for the benefit of Investor.

  • Within 10 Business Days of any incorporation of a More Favorable Term herein as aforesaid, the Obligors shall provide notice thereof (including information regarding the terms of such More Favorable Term) to the holders.

  • Notwithstanding the foregoing, no term or provision of the Senior Secured Notes and the Senior Secured Note Agreement shall constitute a More Favorable Term) during any period when the outstanding aggregate principal amount of the Senior Secured Notes is less than or equal to U.S. $75,000,000.


More Definitions of Favorable Term

Favorable Term shall have the meaning set forth in Section 7.5."
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Related to Favorable Term

  • Eligible Tenant means, as of any date of determination, a bona fide third party lessee of a Property who satisfies each of the following criteria:

  • Acceptable Confidentiality Agreement means a confidentiality agreement that contains provisions that are no less favorable in the aggregate to the Company than those contained in the Confidentiality Agreements; provided, that such agreement and any related agreements shall not include any provision calling for any exclusive right to negotiate with such party or having the effect of prohibiting the Company from satisfying its obligations under this Agreement.

  • Eligible teacher means a teacher who has been employed with the District for at least twelve (12) months and has at least one thousand two hundred fifty hours (1,250) hours of service with the District during the twelve (12) months which precede the period of the requested leave. For purposes of determining hours of service for eligibility purposes, it is assumed that a full-time teacher meets or exceeds the standard of one thousand two hundred fifty (1,250) hours per year.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • SOX Compliant Entity means an entity that either is required to be compliant with, or voluntarily is compliant with, all of the following provisions of the Sarbanes-Oxley Act of 2002: (i) the preapproval requirements of Section 201 (Section 10A(i) of the Securities Exchange Act of 1934); (ii) the Audit committee independence requirements of Section 301 (Section 10A(m)(3) of the Securities Exchange Act of 1934); and (iii) the Internal control over financial reporting requirements of Section 404 (Item 308 of SEC Regulation S-K).

  • Rates Policy means the policy on the levying of rates on rateable properties of the Nquthu Municipality, contemplated in chapter 2 of the Municipal Property Rates Act.

  • Covered Conduct means any actual or alleged act, failure to act, negligence, statement, error, omission, breach of any duty, conduct, event, transaction, agreement, service, work, misstatement, misleading statement, or other activity of any kind whatsoever from the beginning of time through the Reference Date of this Agreement (and any past, present, or future consequence of any such act, failure to act, negligence, statement, error, omission, breach of duty, conduct, event, transaction, agreement, service, work, misstatement, misleading statement, or other activity) arising from or relating in any way to (a) the availability, discovery, research, development, manufacture, packaging, repackaging, marketing, promotion, advertising, labeling, relabeling, recall, withdrawal, distribution, delivery, monitoring, reporting, supply, sale, prescribing, dispensing, physical security, warehousing, use or abuse of, or operating procedures relating to, any Product, or any system, plan, policy, procedure, or advocacy relating to any Product or class of Products, including, but not limited to, any unbranded or branded promotion, marketing, or advertising, unbranded information, patient support or assistance, educational programs, consultancy, research, or other programs, campaigns, lobbying, or grants, sponsorships, charitable donations, or other funding relating to any Product or class of Products; (b) the characteristics, properties, risks, or benefits of any Product or class of Products; (c) the monitoring, reporting, disclosure, non-monitoring, non-reporting, or non-disclosure to federal, state, or other regulators of orders for any Product or class of Products; (d) the selective breeding, harvesting, extracting, purifying, exporting, importing, applying for quota for, procuring quota for, handling, promoting, manufacturing, processing, packaging, supplying, distributing, converting, or selling of, or otherwise engaging in any activity relating to, a precursor or component of Product, including but not limited to natural, synthetic, semi-synthetic, or chemical raw materials, starting materials, finished active pharmaceutical ingredients, drug substances, or any related intermediate of Product; and/or (e) diversion control programs or suspicious order monitoring related to any Product. The foregoing is not intended to apply to claims alleging contamination of products.

  • Additional Disclosure Notification The form of notification to be included with any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure or Form 8-K Disclosure Information which is attached to this Agreement as Exhibit W.

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

  • Insurance Consultant or "consultant" means a person who:

  • Police Force means the Mauritius Police Force and includes any other police force established in accordance with such provision as may be prescribed by Parliament;

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Additional Disclosure As defined in Section 3.18(a)(v).

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Policy means Related Party Transaction Policy.

  • Independent Third Party means any Person who, immediately prior to a contemplated transaction, does not own in excess of 5% of the Company’s Common Units on a fully-diluted basis (a “5% Owner”), who is not controlling, controlled by or under common control with any such 5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other Persons.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Tax Compliance Agreement means the Federal Tax Certificate, Tax Compliance Agreement, Arbitrage Agreement, or other written certification or agreement of the Issuer setting out representations and covenants for satisfying the post-issuance tax compliance requirements for the Tax-Exempt Bonds.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Tax Protection Agreement means that certain Tax Protection Agreement dated as of the date hereof, by and among the REIT, the OP and the parties identified as a signatory on Schedule A thereto.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Reimbursement insurance policy means a policy of insurance

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Group health insurance coverage means in connection with a group health plan, health insurance