Base Condition definition

Base Condition means the condition of the flood plain on January 1, 1973, but without any unauthorized dam or levee. If an activity after December 31, 1972, lowered the regulatory flood profile, the flood plain under the lower profile is the base condition.” 312 IAC 10-2-5
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Base Condition means the condition of the Premises at the time of execution of this Lease as more fully described on Exhibit “D-1” to this Lease.
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Examples of Base Condition in a sentence

  • If an Event of Default occurs and the Trustee has not declared the Notes due and payable in accordance with Base Condition 7.1 by the date falling three Business Days following the occurrence of such Event of Default, the Issuer shall, upon valid exercise of a Contingent Noteholder Put Option by a 100% Noteholder, redeem all the Notes at their Physical Redemption Amount on the Contingent Noteholder Put Redemption Date in accordance with the relevant Exercise Notice.

  • Notwithstanding the foregoing, if at any time prior to the redemption of the Notes pursuant to this Base Condition 6.3(a), a Mandatory Redemption Event occurs, the Notice of Redemption given pursuant to this Base Condition 6.3(a), shall be deemed to be void and the Notes shall be redeemed pursuant to the provisions of Base Condition 6.2.

  • In the case where the Noteholder elects to receive the Physical Redemption Amount in respect of such Noteholder Option, the delivery of the duly completed Exercise Notice by the Noteholder in accordance with the Conditions shall be deemed to satisfy the requirement to deliver a Delivery Instruction Certificate pursuant to Base Condition 8.9(b), provided that such Exercise Notice contains all information necessary for the Issuer or its agent to effect physical delivery of the relevant assets.

  • Notes with no final maturity date will only be redeemable in accordance with the following provisions of this Base Condition 6 or upon an Event of Default.

  • Subject to this Base Condition 1.3, title to Registered Notes passes by registration in the Register.

  • Following an Event of Default, the Interest Rate payable will continue to be calculated in accordance with this Base Condition 5.9 but publication of the Interest Rate or the Interest Amount need not be made unless the Trustee otherwise requires.

  • The provisions of this Base Condition 16 shall survive notwithstanding any redemption of the Notes of any Series or the termination or expiration of any Transaction Agreement.

  • In the circumstances set out in Base Condition 11.2(a)(ii), however, Secured Parties may direct the Trustee to enforce the Security.

  • In doing so, the Trustee will apply the provisions of this Base Condition 5.8(c) to the extent reasonably practicable, and, in all other respects it will do so in such manner as it will deem fair and reasonable in all the circumstances.

  • Notwithstanding the foregoing, if at any time prior to the redemption of the Notes pursuant to this Base Condition 6.3(b), a Mandatory Redemption Event occurs, the Exercise Notice given pursuant to this Base Condition 6.3(b), shall be deemed to be void and the Notes shall be redeemed pursuant to the provisions of Base Condition 6.2.