Lock-Up Event definition

Lock-Up Event means the failure of either the Backward Interest Coverage Ratio or the Projected Interest Coverage Ratio as of any Calculation Date to be greater than 3.50:1.00.
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Lock-Up Event means the failure to achieve the Applicable Minimum EBITDA.
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Lock-Up Event means the delivery of a Compliance Certificate which does not show compliance with (and satisfaction of) the conditions set out in paragraphs (c)(i) and (ii) of Condition 7.18 (Dividends, share redemption and other distributions).
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Examples of Lock-Up Event in a sentence

  • If an Event of Default or Cash Lock-Up Event is continuing, any balance shall remain in the Rental Income Account for further application, in accordance with this Agreement, on the next Interest Payment Date.

  • In addition, if a Lock-Up Event occurs on a Settlement Date, the phrase "second Settlement Date following the occurrence of a Lock-Up Event" in Sections 2.5(f)(4) and 2.6(a)(2) shall be interpreted to mean the first Settlement Date following the Settlement Date on which such Lock-Up Event occurs.

  • Permitted Payments, i.e. dividends, upstream loans, management fees, capital reductions, and principal, interest or other payments on shareholder funding (including, without limitation, payments on pre-funded equity and any shareholder funding provided after Completion) will be permitted subject to certain exceptions following each Calculation Date only if no Lock-Up Event has occurred.

  • Subject to Section 2.03(b)(ii), at any time that a Lock-Up Event has occurred, until such time as the Borrower is again permitted to make Restricted Payments in accordance with the terms of Section 7.05(c), all amounts on deposit in the Lock-Up Account shall be applied in accordance with the terms of Section 7.05(d) and the Security Agreement.

  • Upon the occurrence and during the continuance of a Lock-Up Event or Excess Cash Sweep Event, the Borrower shall deliver to the Facility Agent on each Calculation Date a certificate of the CFO specifying and certifying the amount of Distributable Cash as of such date.


More Definitions of Lock-Up Event

Lock-Up Event means, on any Calculation Date, the failure of the Consolidated Total Indebtedness to Consolidated Capitalization Ratio as of such Calculation Date to be less than 65%.
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Lock-Up Event means any breach of any Lock-Up Test.
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Lock-Up Event has the meaning specified in Section 7.05(b)(ii).
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Lock-Up Event means, in respect of each Transaction, any of the following events or circumstances: (1) the Portfolio Loss Ratio is at any time equal to or greater than 1.75%; (2) the Portfolio Delinquency Ratio is at any time equal to or greater than 1.875%; (3) the Collector fails to make any payment or deposit to be made by it hereunder when due and such failure remains unremedied for two Business Days after written notice thereof from the Purchaser; (4) any Insolvency Event occurs; (5) a default by the Seller or Chrysler Financial under a Hedging Agreement entered into in respect of such Transaction; and (6) on any Settlement Date, after resort to the Deferred Purchase Account, in accordance with Sections 2.5(c), 2.5(f) and 2.6(a), the amounts transferred to any other account of the Purchaser pursuant to Sections 2.5(c), 2.5(d) and 2.5(f)(4) are less than the amounts required to be transferred in accordance with such Sections. For greater certainty, a Lock-Up Event will be deemed to occur if the transfer required by Section 2.5(f)(4)(A) is not made, notwithstanding that as a result of the Lock-Up Event the required transfer will be that specified in Section 2.5(f)(4)(B).
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Lock-Up Event means (i) the Net Forced Liquidation Value (based on the most recent Appraisal) is less than or equal to 50% of the aggregate outstanding principal amount of the Loans, (ii) the Debt Service Coverage Ratio is less than or equal to (a) with respect to the any determination after the expiration of the Interim Period (i.e., after March 31, 2016), but prior to June 30 2016, 1.35 to 1.00, (ii) with respect to any determination on or after June 30, 2016, but prior to March 31, 2017, 1.45 to 1.00 and (iii) with respect to any Fiscal Quarter thereafter, 1.85
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Lock-Up Event means the failure to satisfy the condition set forth in Section 9.6(a)(ii)(A) as of any Calculation Date.”
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Lock-Up Event means any of the following events or circumstances:
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