Required Conditions shall consist of the following:
Required Conditions means that:
Required Conditions. With respect to any proposed substitution, release, exchange or lease transfer of a Property or Mortgage Loan, the Required Conditions will be satisfied if:
Examples of Required Conditions in a sentence
State of South Dakota Terms and Conditions Quotes are subject to the State of South Dakota’s Terms & (Required) Conditions which can be found at http://boa.sd.gov/divisions/procurement/vendors/downloads/QuoteTerms.pdf Any agreement resulting from this solicitation will be subject to the following: “COMPLETE AGREEMENT PROVISION: This contract (hereinafter “Agreement”) contains the entire agreement between the parties, and is subject to and will be construed under the laws of the State of South Dakota.
Required Conditions: All permits are issued with special conditions.
This Order incorporates BMPs to ensure that authorized Non-Storm Water Discharges are not a source of pollutants to the MS4, Table 1 (Required Conditions for Non-Storm Water Discharges).
Required Conditions for Conditionally Exempt Non-Storm Water Discharges 34Table 9.
Section 962(e) of the PHRA provides for equitable tolling, which applies when a person, through no fault of his own, is unable to timely pursue his PHRA claims.
More Definitions of Required Conditions
Required Conditions means all of the following: (i) the registration statement required to be filed by Borrower pursuant to the Registration Rights Agreement shall have been declared effective by the Securities and Exchange Commission (and is not the subject of any stop order or other suspension of effectiveness); (ii) the Closing Sales Price of the Common Stock is greater $2.00 per share (subject to price adjustments, if any, as provided herein) for sixty (60) consecutive trading days; (iii) all shares of Common Stock issuable upon conversion of the Notes are then (a) authorized and reserved for issuance, (b) registered under the Securities Act for resale by Holder and (c) listed or traded on any of the New York Stock Exchange, the American Stock Exchange, the Nasdaq National Market, the Nasdaq SmallCap Market or the OTC Bulletin Board (or the successor to any of them); (iv) no Event of Default (as defined in Article V.A) shall have occurred without having been cured; and (v) all amounts, if any, then accrued or payable under the Note (including, without limitation, all interest) or the Registration Rights Agreement shall have been paid.
Required Conditions means, with respect to any Specified Transaction, either (a) ABL Excess Availability exceeds fifteen percent (15%) of the Borrowing Cap and the Fixed Charge Coverage Ratio is equal to or greater than 1.10 to 1.00, calculated as of the date of such Specified Transaction both prior to and after giving effect to such Specified Transaction, on a pro forma basis using the most recent calculation of the Borrowing Base (or, Borrowing Base II, if applicable) immediately prior to such Specified Transaction; provided that the pro forma Fixed Charge Coverage Ratio shall be calculated as of the last fiscal month prior to the date of such Specified Transaction for which financial statements for the fiscal month or fiscal year then ended have been (or have been required to be) delivered pursuant to Section 9.6(a)(i) and Section 9.6(a)(ii), as applicable or (b) ABL Excess Availability exceeds the greater of (x) twenty percent (20%) of the Borrowing Cap and (y) $20,000,000 calculated as of the date of such Specified Transaction both prior to and after giving effect to such Specified Transaction, on a pro forma basis using the most recent calculation of the Borrowing Base (or, Borrowing Base II, if applicable) immediately prior to such Specified Transaction.
Required Conditions means, on any applicable date of determination with respect to any proposed transaction(s) as to which satisfaction of such Required Conditions is a requirement under this Agreement: (i) no Event of Default shall exist or shall have occurred and be continuing on such date, or would occur after giving effect to or as a result of such proposed transaction(s), and (ii) each of the following shall be satisfied: (A) Borrowers’ Excess Availability for the 30 days preceding such transaction or payment and on the proposed date of such proposed transaction or payment shall be greater than ten percent (10%) of the Maximum Revolving Facility Amount as in effect on the proposed date of such proposed transactions, and (B) the Fixed Charge Coverage Ratio of the Borrowers (as evidenced by a pro forma Compliance Certificate delivered to Agent) is greater than or equal to 1.10 to 1.00 for the trailing twelve month fiscal measurement period ended as of the last day of the most recently completed fiscal quarter for which financial statements have been delivered to Agent as required by Section 7.15(b)(ii) both (x) on an actual basis and (y) on a pro-forma basis for the same fiscal measurement period after giving effect to such proposed transactions(s) (including payment of any applicable fees (including fees payable hereunder), costs, and expenses) and to the funding of any Revolving Loans to be requested to fund any part of such proposed transaction(s) (including any such fees, costs, and expenses).
Required Conditions. Subject to any additional requirements set forth in any applicable Series Supplement, with respect to any proposed substitution, release, exchange or lease transfer of any Property, the Required Conditions will be satisfied if:
Required Conditions has the meaning set forth in Section 7.17(i).
Required Conditions. With respect to any proposed substitution, release, exchange or lease transfer of a Mortgage Loan, the Required Conditions will be satisfied if the Issuer shall submit to the Indenture Trustee, not less than ten (10) days prior to the date of such release, a release of lien of the Mortgage for such Mortgage Loan for execution by the Indenture Trustee. Such release shall be in a form appropriate in each jurisdiction in which the Mortgage Loan is located. In addition, the Issuer shall provide all other documentation that is reasonably required to be delivered by any party hereto in connection with such substitution, release, exchange or lease transfer, together with an Officer’s Certificate certifying that such documentation (a) is in compliance with all Legal Requirements, and (b) will effect such release in accordance with the terms of this Indenture.
Required Conditions with respect to any event, the following conditions: no Default exists or is caused thereby and upon giving pro forma effect thereto, either (a) during each of the preceding 30 consecutive days and as of such event, U.S. Availability is greater than or equal to the greater of (i) the lesser of (A) 20% of the U.S. Borrowing Base or (B) 20% of the aggregate amount of all U.S. Revolver Commitments or (ii) $17,500,000; or (b) (i) during each of the preceding 30 consecutive days and as of such event, U.S. Availability is greater than or equal to the greater of (A) the lesser of (1) 15% of the U.S. Borrowing Base or (2) 15% of the aggregate amount of all U.S. Revolver Commitments or (B) $12,500,000 and (ii) the Fixed Charge Coverage Ratio, determined on a pro forma basis giving effect to such event, is not less than 1.0 to 1.0, whether or not a Financial Covenant Trigger Period exists.