{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [32, 50]}, {"key": "restricted-payment", "type": "definition", "offset": [53, 71]}, {"key": "restricted-debt-payment", "type": "definition", "offset": [73, 96]}, {"key": "permitted-acquisition", "type": "clause", "offset": [112, 133]}], "snippet": "shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:", "samples": [{"hash": "52XAgtL6QwB", "uri": "/contracts/52XAgtL6QwB#payment-condition", "label": "Credit Agreement and Security Agreement (AtriCure, Inc.)", "score": 37.0301170349, "published": true}, {"hash": "fqK4HqBlJyw", "uri": "/contracts/fqK4HqBlJyw#payment-condition", "label": "Credit Agreement (AtriCure, Inc.)", "score": 35.0177955627, "published": true}, {"hash": "hzyKAgWZbwL", "uri": "/contracts/hzyKAgWZbwL#payment-condition", "label": "Credit Agreement (Myriad Genetics Inc)", "score": 34.508556366, "published": true}], "size": 15, "hash": "9b969076c10afe9c8585647e743e8ec6", "id": 1}, {"snippet_links": [{"key": "time-of-determination", "type": "clause", "offset": [7, 28]}, {"key": "with-respect-to", "type": "clause", "offset": [29, 44]}, {"key": "specified-transaction", "type": "definition", "offset": [49, 70]}, {"key": "specified-excess-availability", "type": "definition", "offset": [136, 165]}, {"key": "divided-by", "type": "clause", "offset": [167, 177]}, {"key": "a-percentage", "type": "definition", "offset": [241, 253]}, {"key": "specified-availability", "type": "definition", "offset": [267, 289]}, {"key": "date-of", "type": "clause", "offset": [297, 304]}, {"key": "each-case", "type": "definition", "offset": [425, 434]}, {"key": "the-applicable", "type": "clause", "offset": [442, 456]}, {"key": "availability-percentage", "type": "clause", "offset": [457, 480]}, {"key": "fixed-charge-condition", "type": "definition", "offset": [519, 541]}, {"key": "to-the-extent", "type": "clause", "offset": [575, 588]}, {"key": "borrower-shall", "type": "clause", "offset": [613, 627]}, {"key": "compliance-with-a", "type": "clause", "offset": [644, 661]}, {"key": "ratio-of", "type": "clause", "offset": [705, 713]}, {"key": "requested-by", "type": "definition", "offset": [755, 767]}, {"key": "the-administrative-agent", "type": "definition", "offset": [768, 792]}, {"key": "the-borrower-representative", "type": "clause", "offset": [794, 821]}, {"key": "a-copy-of", "type": "clause", "offset": [871, 880]}, {"key": "required-by", "type": "definition", "offset": [894, 905]}, {"key": "in-respect-of", "type": "definition", "offset": [1061, 1074]}, {"key": "restricted-payment", "type": "definition", "offset": [1079, 1097]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [1098, 1120]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [1198, 1216]}, {"key": "the-definition-of", "type": "definition", "offset": [1224, 1241]}, {"key": "permitted-investments", "type": "clause", "offset": [1243, 1264]}, {"key": "permitted-acquisitions", "type": "clause", "offset": [1309, 1331]}, {"key": "repurchase-or-redemption", "type": "clause", "offset": [1372, 1396]}, {"key": "asset-sale", "type": "definition", "offset": [1496, 1506]}, {"key": "comply-with", "type": "clause", "offset": [1621, 1632]}], "snippet": "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 a copy of calculations required by preceding clause (y) in reasonable detail. As used herein, the following terms shall have the following meanings: \u201cAvailability Percentage\u201d shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(i), 15.0%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of \u201cPermitted Investments\u201d or (B) clause (c)(i) of the definition of \u201cPermitted Acquisitions,\u201d 12.5%; (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), 12.5%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 12.5%. \u201cFixed Charge Condition\u201d 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(i), 17.5%; (b) 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For purposes of this clause (e), the terms \u201cCause\u201d and \u201cGood Reason\u201d have the same defined meanings as set forth in the CIC Agreement except that they apply to both your employment with, or engagement as an independent contractor by, the Company.", "samples": [{"hash": "kVp2PDfkIRh", "uri": "https://investors.kinnate.com/static-files/3cdd9e28-cf83-4a9a-82c6-05df2a80be39", "label": "investors.kinnate.com", "score": 19.6248664856, "published": false}, {"hash": "f2KttopSoAI", "uri": "https://www.sec.gov/Archives/edgar/data/1797768/000119312524058040/d614603dex99e19.htm", "label": "Kinnate Biopharma Inc.", "score": 18.1711158752, "published": false}, {"hash": "aoYrpWvV9qA", "uri": "https://www.sec.gov/Archives/edgar/data/1797768/000119312524058040/d614603dex99e18.htm", "label": "Kinnate Biopharma Inc.", "score": 18.1711158752, "published": false}], "size": 5, "hash": "eca2ab1c126db882f31a2415e5e57f9c", "id": 6}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "designated-action", "type": "definition", "offset": [36, 53]}], "snippet": "means, with respect to any proposed designated action on any date, a condition that is satisfied if:", "samples": [{"hash": "3LoD7Cl4ELQ", "uri": "/contracts/3LoD7Cl4ELQ#payment-condition", "label": "Credit Agreement (TimkenSteel Corp)", "score": 33.7583847046, "published": true}, {"hash": "44sC5pmzMDM", "uri": "/contracts/44sC5pmzMDM#payment-condition", "label": "Credit Agreement (TimkenSteel Corp)", "score": 30.7905540466, "published": true}, {"hash": "grIgrSF2eNn", "uri": "/contracts/grIgrSF2eNn#payment-condition", "label": "Credit Agreement (TimkenSteel Corp)", "score": 29.0848731995, "published": true}], "size": 5, "hash": "923393f9440946f89608412d0015453a", "id": 7}, {"snippet_links": [{"key": "time-of-determination", "type": "clause", "offset": [7, 28]}, {"key": "with-respect-to", "type": "clause", "offset": [30, 45]}, {"key": "specified-payment", "type": "definition", "offset": [48, 65]}, {"key": "no-specified-default", "type": "clause", "offset": [82, 102]}, {"key": "the-subject", "type": "clause", "offset": [171, 182]}, {"key": "after-giving", "type": "clause", "offset": [220, 232]}, {"key": "pro-forma-effect", "type": "definition", "offset": [233, 249]}, {"key": "applicable-to", "type": "clause", "offset": [317, 330]}, {"key": "day-of", "type": "clause", "offset": [379, 385]}, {"key": "the-period", "type": "clause", "offset": [386, 396]}, {"key": "determine-whether", "type": "clause", "offset": [419, 436]}, {"key": "liquidity-event", "type": "clause", "offset": [450, 465]}, {"key": "parent-borrower", "type": "clause", "offset": [561, 576]}, {"key": "the-covenant", "type": "clause", "offset": [599, 611]}, {"key": "applicable-test-period", "type": "definition", "offset": [653, 675]}, {"key": "for-purposes-hereof", "type": "definition", "offset": [1306, 1325]}], "snippet": "at any time of determination, with respect to a Specified Payment, means that (a) no Specified Default has occurred and is continuing or would exist as a result of making the subject Specified Payment and (b) either (x) after giving pro forma effect to the subject Specified Payment (as if such Specified Payment, if applicable to such calculation, had been made as of the first day of the period taken into account to determine whether or not a 10% Liquidity Event has occurred and is continuing), no 10% Liquidity Event has occurred and is continuing and the Parent Borrower is in compliance with the covenant set forth in subsection 8.9 for the then applicable Test Period after giving pro forma effect to such Specified Payment (as if such Specified Payment, if applicable to such calculation, had been made as of the first day of such period), whether or not such covenant is otherwise then applicable to the Parent Borrower under such subsection at such time or (y) after giving pro forma effect to the subject Specified Payment (as if such Specified Payment, if applicable to such calculation, had been made as of the first day of the period taken into account to determine whether or not a 15% Liquidity Event has occurred and is continuing), no 15% Liquidity Event has occurred and is continuing. 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provided, however, if at the time of the exercise of such right there shall exist any Company <strong>Payment Condition</strong>, the Company may defer the payment for the purchase until such time as the Company <strong>Payment Condition</strong> no longer exists.", "If the Required Holders deliver a Dispute Notice during the Dispute Period, and it is finally determined in accordance with Section 6.2 that the <strong>Payment Condition</strong> has been met, the CVR Payment Amount will be paid on a date established by Pan American that is as soon as possible (and in any event no later than three Business Days) after such determination.", "Subject to Paragraph 32 (Permitted Inter-Company and Non-Migrated Bond Distributions) below, no Obligor will make a Restricted Payment unless the Restricted <strong>Payment Condition</strong> is satisfied.", "If the Required Holders do not deliver such a Dispute Notice on or prior to the expiry of the Dispute Period, the Holders will be deemed to have accepted that the <strong>Payment Condition</strong> has not been met, and Pan American and its Affiliates will have no further obligation with respect to the Rights or the CVR Payment Amount.", "From the Effective Date until the earlier of the Payment Date and the Termination Date, each of Pan American and Minera San \u2587\u2587\u2587\u2587\u2587\u2587 covenants to not take any action or enter into any agreement, arrangement or understanding which would reasonably be expected to cause the <strong>Payment Condition</strong> not to be met or that would be reasonably expected to result in an unreasonable delay in meeting the <strong>Payment Condition</strong>.", "The Company&#x27;s rights under this Section shall be freely assignable, in whole or in part, and, following such assignment, such rights will not be limited by any Company <strong>Payment Condition</strong>.", "If the Required Holders at any time but no later than sixty (60) days after the Termination Date (the \u201cDispute Period\u201d) wish to dispute satisfaction or non-satisfaction of the <strong>Payment Condition</strong>, the Required Holders may provide Pan American and the Rights Agent with written notice (the \u201cDispute Notice\u201d) of such dispute in reasonable detail.", "The Company will purchase all unvested Shares of such Purchaser within 60 days of the Purchaser&#x27;s such termination of Service; provided, however, if at the time of the exercise of such right there shall exist any Company <strong>Payment Condition</strong>, the Company may defer the payment for the purchase until such time as the Company <strong>Payment Condition</strong> no longer exists.", "For the avoidance of doubt, after the initial Early Termination Payment, the Corporate Taxpayer will be required to make additional payments to the Member with respect to the Deferrable Portion of the Early Termination Payment if and when a <strong>Payment Condition</strong> has been satisfied with respect to such Deferrable Portion.", "The Company&#x27;s rights under this paragraph shall be freely assignable, in whole or in part, and, following such assignment, such rights will not be limited by any Company <strong>Payment Condition</strong>."], "related": [["payment-conditions", "Payment Conditions", "<strong>Payment Conditions</strong>"], ["restricted-payment-conditions", "Restricted Payment Conditions", "Restricted <strong>Payment Conditions</strong>"], ["termination-conditions", "Termination Conditions", "Termination Conditions"], ["minimum-condition", "Minimum Condition", "Minimum Condition"], ["step-down-conditions", "Step Down Conditions", "Step Down Conditions"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00"}, "json": true, "cursor": ""}}