Exit definition

Exit is that portion of a means of egress which is separated from all other spaces of the building or structure by construction or equipment as required in these regulations to provide a protected way of travel to the exit discharge.

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Exit means termination or discontinuance of a Department-funded developmental disability service by a Department licensed or certified provider.

Exit means a passage, channel or means of egress from any building, storey or floor area to a street or other open space of safety;

Examples of Exit in a sentence

• The parties hereto further acknowledge and agree that the Exit Premium is not intended to act as a penalty or to punish the Loan Parties for any repayment or prepayment of the Loans but rather represent compensation for the cost of the Lenders’ investment opportunities.

• The Loan Parties and the Lenders acknowledge and agree that the Exit Premium constitutes liquidated damages for loss of investment opportunity and damages suffered by the Lenders shall in no way constitute interest or “unmatured interest” (as such term is used in Section 502(b) of the Bankruptcy Code).

• To the extent required under Section 2.18, any prepayment of a Term Loan shall be accompanied by all accrued interest thereon, together with the payment of the Payment Premium (in the case of the Amendment and Restatement Date Term Loans)Make-Whole Amount or Exit Premium (in the case of the Amendment No. 2 Delayed Draw3 Term Loans) (in each case, if applicable on such date), and in the case of Term Benchmark Loans any additional amounts required pursuant to Section 3.05.

• Any Exit Premium payable shall constitute liquidated damages sustained by the Lenders as a result of the early repayment or termination and the Loan Parties hereby agree that it is reasonable under the circumstances currently existing in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties to a reasonable calculation of the Lender’s lost profits as a result thereof.

• It is agreed that any Payment Premium and any Exit Premium and any Make-Whole Amount payable hereunder shall be presumed to be the liquidated damages sustained by each Lender or each Amendment No. 2 Delayed Draw Term Lender, as applicable, as the result of the early termination, and the Loan Parties agree that it is reasonable under the circumstances currently existing.

More Definitions of Exit

Exit means the liquidation of holdings by a financial intermediary or investor, including trade sale, write-offs, repayment of shares/loans, sale to another financial intermediary or another investor, sale to a financial institution and sale by public offering, including an initial public offering (IPO);

Exit means either termination from a Division-funded developmental disability service provider or transfer from one Division-funded program to another. Exit does not mean transfer within a service provider's program within a county.

Exit. - A passage channel or means of egress from the building, its storey or floor to a street or, other open space of safety; whether horizontal, outside and vertical exits meaning as under:-

Exit means a Share Sale or an Asset Sale;

Exit means a service door, intercommunication staircase, half-staircase or emergency exit.

Exit means a Sale, Asset Sale, IPO or Winding-Up;

Exit means termination from a Department funded developmental disability service provider. Exit does not mean transfer within a service provider's program within a county.