Market Condition definition

Market Condition for the unpurchased Homesites on a Property exists if: (a) the Burns Home Value Index for the metropolitan statistical area (“MSA”) in which the Property is located (“MSA Index”) (or other mutually acceptable index if a Burns report is not available) shows a seasonally adjusted home sale pricing decline in the MSA of 10% or more (measured from the Effective Date); or (b) a pandemic, epidemic or other public health emergency occurs (including restrictions imposed by emergency orders, rules or regulations) which does or is expected to materially and adversely impact Builder’s ability to construct, market and/or sell residences on the Property. In such event, Builder shall be entitled to designate up to two “Pause Periods”, each a “Pause Period” with respect to such Property of up to six (6) months, during which time all takedown and construction deadlines for such Property shall be extended, no Closings shall occur, and no payments will be made by Owner to Contractor under the Construction Agreement. During a Pause Period, Builder shall, as a condition to the continuation of the Pause Period, pay a Monthly Option Payment for such Property pursuant to Section 1.7 but based upon an Applicable Rate equal to the Pause Rate (as defined in the Master Agreement). Following expiration of the Pause Periods described in the foregoing sentence, two additional Pause Periods of up to six months each may be elected during the term of an Option Agreement subject to Owner’s approval (not to be unreasonably withheld, conditioned, or delayed) and the continued existence of the Market Condition at such time. Nothing herein shall limit Builder’s or any Builder Party’s right to unilaterally declare a Pause Period pursuant to the Founder’s Rights Agreement.
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Market Condition means the situation that has developed in the market as a result of interaction between the structural and dynamic factors of the market and demand and supply of specific types of services.
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Market Condition means that, as of any date and for each of the ten trading days immediately preceding such date, (i) the NASDAQ Composite Index closing is not less than 3300 (as adjusted equitably for changes in the calculation of the NASDAQ Composite Index), and (ii) the closing price for Parent Common Stock is not less than $11.875 per share (adjusted equitably for stock splits, reverse stock splits, share combinations, recapitalizations, or similar reorganizations of Parent Common Stock).
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Examples of Market Condition in a sentence

  • To the extent established by the Operating Budget or Legal Requirements, Owner shall sufficiently fund the maintenance and repair of the Project to maintain the Project in the Standard Market Condition.

  • Following expiration of the Pause Periods described in the foregoing sentence, two additional Pause Periods of up to six months each may be elected during the term of an Option Agreement subject to Owner’s approval (not to be unreasonably withheld, conditioned, or delayed) and the continued existence of the Market Condition at such time.

  • Manager shall have no obligation to maintain the Project in the Standard Market Condition unless funds are made available for the same by Owner.

  • No event which has a GNAC Material Adverse Effect shall have occurred since June 30, 2004 and be continuing at Closing and no Material Adverse Market Condition shall have occurred and be continuing at Closing.

  • In the event of the occurrence of a Market Condition Change in the Public Market and/or Private Market, then Chiron and Rhein Biotech and GCVC shall confer regarding a possible adjustment to the Projected Average Net Sales Price in the relevant Public or Private Market for the relevant period and the resulting adjustment to the Subsequent Period Transfer Price.

  • Building on this framework, STACCATO (Stakeholders Platform for Supply chain Mapping, Market Condition Analysis and Technologies Opportunities) mapped competences across EU-27, highlighting the capacities of SMEs. R&D projects achieved various positive outcomes, including the development of preindustrial prototypes and the demonstration of proof of concept of technological solutions.

  • The lump sum payment provided for in Letter of Understanding RE: Market Condition Lump Sum Payment of the 2013-2017 Collective Agreement shall be eliminated following the October 1, 2021 to March 31, 2022 payment.

  • Upon the satisfaction of this condition ("the Market Condition"), the Option shall become exercisable as to a number of shares of Class A Common Stock of AI calculated by multiplying 25,000 times the number of full years that shall have elapsed from the date of this Agreement to the date when the Market Condition shall have been satisfied.

  • Sanuwave shall pay to Celularity royalties for each Unit, on a Product-by-Product basis, as set forth on Schedule 6.2; provided that if a Market Condition Change occurs in a Launch Year Quarter that royalties are due and payable, the Parties shall negotiate and mutually agree upon an alternative royalty rate in accordance with Section 6.3 below.

  • In the event of the occurrence of a Market Condition Change, then Chiron and Rhein Biotech and GCVC shall confer regarding a possible adjustment to the Projected Average Net Sales Price for the relevant period and the resulting adjustment to the Initial Period Transfer Price.


More Definitions of Market Condition

Market Condition means that any portion of the Shopping Center, or any additions thereto, other than the Premises, are used or occupied for the Permitted Use or if any sales area therein is designated for the Permitted Use.
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Market Condition means the Common Stock trades below $0.644 for any five (5) consecutive Trading Days.
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Related to Market Condition

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Confirmation Condition means, with respect to any Bankrupt Manufacturer which is a debtor in Chapter 11 Proceedings, a condition that shall be satisfied upon the bankruptcy court having competent jurisdiction over such Chapter 11 Proceedings issuing an order that remains in effect approving (i) the assumption of such Bankrupt Manufacturer’s Manufacturer Program (and the related Assignment Agreements) by such Bankrupt Manufacturer or the trustee in bankruptcy of such Bankrupt Manufacturer under Section 365 of the Bankruptcy Code and at the time of such assumption, the payment of all amounts due and payable by such Bankrupt Manufacturer under such Manufacturer Program and the curing of all other defaults by the Bankrupt Manufacturer thereunder or (ii) the execution, delivery and performance by such Bankrupt Manufacturer of a new post-petition Manufacturer Program (and the related Assignment Agreements) on the same terms and covering the same Vehicles as such Bankrupt Manufacturer’s Manufacturer Program (and the related Assignment Agreements) in effect on the date such Bankrupt Manufacturer became subject to such Chapter 11 Proceedings and, at the time of the execution and delivery of such new post-petition Manufacturer Program, the payment of all amounts due and payable by such Bankrupt Manufacturer under such Manufacturer Program and the curing of all other defaults by the Bankrupt Manufacturer thereunder; provided, however, that notwithstanding the foregoing, the Confirmation Condition shall be deemed satisfied until the 90th calendar day following the initial filing in respect of such Chapter 11 Proceedings.