Disbursement Condition definition

Disbursement Condition means the Borrower shall have authorized and reserved for issuance a number of shares of Common Stock sufficient to cover all shares issuable on conversion of the Notes (computed without regard to any limitations on the number of shares that may be issued on exercise).
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Disbursement Condition means the Borrower shall have authorized and reserved for issuance a number of shares of Common Stock sufficient to cover all shares issuable on exercise of the Warrants to be issued in connection with the Disbursement (computed without regard to any limitations on the number of shares that may be issued on exercise).
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Disbursement Condition means the Borrower shall have authorized and reserved for issuance a number of shares of Common Stock sufficient to cover the Warrant Shares, the Note Shares and the Conversion Shares (computed without regard to any limitations on the number of shares that may be issued on exercise).
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Examples of Disbursement Condition in a sentence

  • The preparation and adoption of the SFM by the MELR will be a Disbursement Condition to implement the pilot phase.

  • Covenants for Agreements between MINEA and Participating Provinces (Disbursement Condition a.

  • These OMs are expected to be complete within six months of Board approval of the project as a whole and would be the subject of a Disbursement Condition on this sub-component (only) of Component 2.

  • Please refer to the Disbursement Condition in the Grant Agreement.

  • EAST ASIA AND PACIFIC REGION (EASCS) Independent Monitoring of EMP and RAP N/ADate or prior to the commencing of the bidding process for any works to be procured under the Project,whichever occurs first Semi AnnualTransport Action Plans March 15,2012N/A N/A N/ANot later than twelve(12) months after the Effective Date Description of Covenant Disbursement Condition: For Part I.

  • Disbursement Condition: (a) for payments made for works until the Bank shall have received evidence satisfactory to the Bank that the consulting firm to be employed for design review, procurement assistance, construction management and other Project management assistance has been employed under terms and conditions satisfactory to the Bank.

  • ADNI data have also played a vital role in the search for the “missing heritability” of AD by comprising subsets of the very large data sets required to gain sufficient statistical power to identify novel risk variants in these meta-analytic case- control GWAS.

  • Any dispute arising out of the contract between the University and an Employee, shall be referred to a Tribunal of Arbitration consisting of one member appointed by the Executive Council, one member nominated by the Employee concerned and an Umpire appointed by the Visitor.

  • Eventually, the project waived the Disbursement Condition for approval of the law, because there was a Bank-financed Land Administration Project better suited to take on the land-related activities.

  • Subsequently, the Disbursement Condition for land demarcation activities required passage of the law by the National Assembly.


More Definitions of Disbursement Condition

Disbursement Condition means Parent shall have authorized and reserved for issuance a number of Common Shares sufficient to cover all shares issuable on conversion of the Conversion Notes (computed without regard to any limitations on the number of shares that may be issued on exercise).
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Disbursement Condition means Tribute (and Parent immediately following the filing of the Articles of Arrangement under the Arrangement Agreement) shall have authorized and reserved for issuance a number of Common Shares sufficient to cover all shares issuable on conversion of the Convertible Notes (computed without regard to any limitations on the number of shares that may be issued on exercise).
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Disbursement Condition means the following condition: the DIP Agent, on behalf of the DIP Lenders, shall have used commercially reasonable best efforts (in accordance with standards customarily employed by commercial banks in the United States), for a period of six (6) months after the Scheduled Termination Date, to satisfy the DIP Lender Claims from the proceeds of Collateral (as defined in the DIP Credit Agreement) in accordance with the terms of the DIP Credit Agreement and the Orders.
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Related to Disbursement Condition

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below) and, (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage”: shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%.; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Disbursement Date is defined in Section 2.6.2.

  • Disbursement is defined in Section 2.6.2.

  • Termination Conditions is defined in Section 2.18.

  • Restricted Payment Conditions is defined in Section 10.9.

  • Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);

  • Extension Conditions Defined in Section 3.06(a).

  • Disbursement Letter means an instructional letter executed and delivered by Administrative Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.