Requirement definition
Examples of Requirement in a sentence
As of the Closing Date, Schedule 5.11(A) to the Closing Date Certificate (i) sets forth the name and jurisdiction of organization or incorporation of each Subsidiary, (ii) sets forth the ownership interest of Holdings, the Borrower and any of their Subsidiaries in each of their Subsidiaries, including the percentage of such ownership and (iii) identifies each Person the Capital Stock of which are required to be pledged on the Closing Date pursuant to the Collateral and Guarantee Requirement.
If, following application of the Government Payment through the waterfall, the DSRA balance remains below the DSRA Requirement, Helios shall fund the remaining shortfall from its own corporate funds or any other source available to it, within ten (10) Business Days of receipt of such Government Payment.
Compliance with the DSRA Requirement is mandatory at the checkpoints described in sub-paragraphs (i) and (ii) above.
Alternatively, the Company may apply to transfer the Company’s securities to the Nasdaq Capital Market which has a reduced compliance standard under the MPLS Requirement, provided the Company will only be able to transfer the listing to the Nasdaq Capital Market if the Company then meets the continued listing requirements on the Nasdaq Capital Market and pays an application fee of $5,000.
Each Advance subsequent to the First Advance shall include an amount sufficient to fund the incremental increase in the DSRA Requirement resulting from the additional Scheduled Debt Service attributable to such Advance (the "DSRA Gross-Up Amount").