Allocation Condition definition
Allocation Condition means that no Note shall be issued unless not less than 20% of the Notes are issued to Institutional Investors and Relevant Persons (excluding any amount of Notes issued or to be issued to the Joint Lead Managers and Bookrunners for their own accounts).
Allocation Condition means that no Bond shall be issued unless not less than 20% of the Bonds are issued to Institutional Investors and Relevant Persons (excluding any amount of Straight Bonds issued or to be issued to the Joint Lead Managers and Bookrunners for their own accounts).
Allocation Condition means receipt by KfW from the Banks under the Loss Guarantees of the relevant payments corresponding to Reversed Loss Payments in respect of the Class F Notes, the Class G Notes and the Class H Notes which can be claimed by KfW under the Loss Guarantees and which KfW is obliged to use in whole or in part to reverse previous allocations of Residual Realised Losses under the F KfW Certificate, the G KfW Certificate and the H KfW Certificate, respectively (the "Corresponding Loss Payments"). Such Corresponding Loss Payments must have been received by KfW as fully cleared funds at the latest on the 4th Business Day prior to the relevant Payment Date (the "Settlement Date").
Examples of Allocation Condition in a sentence
Subject to the preceding sentence, if the Facility TP Deliverability Allocation Condition has not occurred by Seller July 1, 2025, then Seller shall not have any further obligation to seek an allocation of TP Deliverability for the Project.