Material Expansion definition
Examples of Material Expansion in a sentence
In connection with the above-described quarterly update of the projected stages of completion of the Material Alteration or Material Expansion (as concurred with by an Independent Architect), Borrower shall increase (or be permitted to decrease, as applicable) the Eligible Collateral then deposited with Lender as necessary to comply with Section 10.2(h)(i) hereof.
During the Expansion Clawback Term, the Recipient or any Member of its Affiliated Group engages in any Significant Transaction involving the Material Expansion of Semiconductor Manufacturing Capacity in any Foreign Country of Concern in violation of the Guardrail Provisions.
In connection with the above-described quarterly update of the projected stages of completion of the Material Alteration or Material Expansion (as concurred with by an Independent Architect), Issuers shall increase (or be permitted to decrease, as applicable) the Eligible Collateral then deposited with Note Trustee as necessary to comply with Section 7.1(h)(i) hereof.
In connection with the above-described quarterly update of the projected stages of completion of the Material Alteration or Material Expansion (as concurred with by an Independent Architect), Borrowers shall increase (or be permitted to decrease, as applicable) the Eligible Collateral then deposited with Lender as necessary to comply with Section 7.1(h)(i) hereof.
Lender shall also have approved (in its reasonable discretion) the general construction contracts and Major Subcontracts prior to the commencement of any such Material Alteration or Material Expansion, as applicable.
During the Expansion Clawback Term, the Recipient will submit written notification to the Secretary regarding any planned Significant Transactions of the Recipient or Members of the Affiliated Group that may involve the Material Expansion of Semiconductor Manufacturing Capacity in a Foreign Country of Concern, regardless of whether the Recipient believes the transaction falls within an exception stated in Section 1 (Prohibition on Certain Expansion Transactions) of this Annex C (Guardrail Provisions).
Without the consent of the Administrative Agent, neither the Borrower nor any Mortgaged Property Owner shall perform or undertake or consent to the performance or undertaking of (i) any Alteration or Expansion which, either during the Alteration or Expansion or upon completion, could reasonably be expected to have a Portfolio Material Adverse Effect or adversely affect the annual Mortgaged Property Net Operating Income, or (ii) any Material Alteration or Material Expansion.
On each Payment Date during the period in which such Material Alteration or Material Expansion is being performed, Lender shall release a portion of such Eligible Collateral to Borrower in an amount equal to the estimated reduction in the Net Operating Income resulting from the Alteration or Expansion for the month in which the Payment Date occurs.
Any remaining Eligible Collateral shall be returned to Borrowers after completion of such Material Alteration or Material Expansion if the reduction in Net Operating Income has been restored and no Event of Default has occurred and is continuing.
Any remaining Eligible Collateral shall be returned to Issuers after completion of such Material Alteration or Material Expansion if the reduction in Net Operating Income has been restored and no Event of Default has occurred and is continuing.