Measurement Condition definition

Measurement Condition means, in respect of any calculation of the Weighted Average First Delinquency Rate, Weighted Average Second Delinquency Rate or Weighted Average Annualized Default Rate, and as of any time of determination, the condition that not less than 1,500 Contracts were in Repayment status at the end of each of the three Remittance Periods in respect of which such calculations are to be determined.
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Measurement Condition means (i) when the Company has received at least $8,000,100 from the sale of shares of Common Stock to the Buyer under the Equity Purchase Agreement, (ii) at any time prior to the end of the eighth Monthly Period (as defined in the Equity Purchase Agreement) when the Company has received at least $6,000,000 from the sale of shares of Common Stock to the Buyer under the Equity Purchase Agreement so long as the average Conversion Price (as defined in the Equity Purchase Agreement) per share is at least equal to the Minimum Price or (iii) upon termination by the Company of the Equity Purchase Agreement if the Company terminates the Equity Purchase Agreement at any time prior to the end of the eighth Monthly Period for any reason other than solely as a result of a material breach or material default of the Buyer's obligations thereunder. Such $6,000,000 shall be reduced by $750,000 (less the amount actually converted for such Monthly Period) for every Monthly Period during which a Conversion Suspension Notice (as defined in the Equity Purchase Agreement) is in effect. The "Minimum Price" means at the option of the Buyer either: (1) $4.00, or (2) an average of $3.00 for Conversion Shares issued during Monthly Periods one through four and an average of $5.00 for Conversion Shares issued during Monthly Periods five through eight. ii.
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Measurement Condition means, as of any time of determination, (i) with respect to Prime Receivables, the condition that not less than $5,000,000 in Outstanding Balance of Eligible Receivables of such Type were in Repayment status at the end of each of the three most recent Remittance Periods, (ii) with respect to New PrePrime Receivables, the condition that not less than $5,000,000 in Outstanding Balance of Eligible Receivables of such Type were in Repayment status at the end of each of the three most recent Remittance Periods and (iii) with respect to Old PrePrime Receivables, the condition that not less than $5,000,000 in Outstanding Balance of Eligible Receivables of such Type were in Repayment status at the end of each of the three most recent Remittance Periods.
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Examples of Measurement Condition in a sentence

  • Measurement Condition: PSD IRAT HHO failure KPI does not include HHO Preparation failure.

  • Measurement Condition: Traffic classes Background, and Interactive (both originating and terminating) shall be considered in counter-based metrics.

  • Equation 41: HSDPA session definition (Drive Test Formula) Measurement Condition: This test shall be done with a single UE performing HSDPA call in the cell under test.

  • For downlink this duration excludes the period when the downlink transmission buffer for the RLC entity is empty Equation 40: HSDPA Throughput (Drive Test Formula) Measurement Condition: Measurement shall be for Application Layer bit rate.

  • The parties hereto acknowledge and agree that the Threshold Liquidated Damages Amount shall constitute the Company’s sole remedy in the event that the Measurement Condition is not satisfied on or prior to the Measurement Date.

  • Table 47: Stationary Maximum DL HSDPA Bit Rate (kbps) KPI ≥ 1300 ≥ 1300 ≥ 1300 (at RLC Layer using counter) Under no load condition ≥ 1100 ≥ 1100 N.A 50% of Available Power at System Reference Point allocated to HSDPA Measurement Condition: UE shall be in Stationary location under excellent RF condition (CPICH RSCP ≥ -80 dBm and CPICH Ec/No ≥ - 8 dB).

  • Equation 29: PSD Call Setup Time (Drive Test Formula) Measurement Condition: The UE is already attached to the UTRAN network.

  • Measurement Condition: KPI Measurement shall be for application layer throughput with five-percent (5%) target DL/UL BLER operating point for R99 RAB.

  • Equation 24: PSD Access Failure Rate (Drive Test Formula) Measurement Condition: Access Failure Rate shall be measured by data session activation (PS) followed by download.

  • Table 27: PSD Latency Term Definition PSD Latency Round trip time for a 32 Bytes ping for any R99 PS RAB Measurement Condition: Latency will be measured with the destination server for ping connected directly to the GGSN (i.e. the server on the same Intranet domain as GGSN).

Related to Measurement 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%.

  • Performance Condition means a condition related to performance which is specified by the Committee under Rule 3.1 (Terms of grant);

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Measurement means metered volumes at a custody transfer meter through a turbine, Coriolis, or such other meter.