Satisfaction Event definition

Satisfaction Event means the first (1st) date after a Triggering Event on which both of the following conditions are satisfied: (a) Undrawn Availability has equaled more than $15,000,000 for a period of ninety (90) or more consecutive calendar days after such Triggering Event, and (b) no Default or Event of Default is continuing.
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Satisfaction Event is defined in the Holdco Partnership Agreement.
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Satisfaction Event has the meaning assigned to such term in the Holdco Partnership Agreement. For the avoidance of doubt, all references in this Agreement to a Satisfaction Event resulting from a Follow-on Offering or a Universal Triggered Offering shall require that the Satisfaction Event result from such offering without requiring the exercise of any overallotment option in such offering.
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Examples of Satisfaction Event in a sentence

  • Borrower’s obligations under this Section 2.34 with respect to each missing Certificate of Occupancy shall be deemed satisfied by the occurrence of a Certificate of Occupancy Satisfaction Event with respect to such missing Certificate of Occupancy.

  • Testing shall continue as of each fiscal quarter end thereafter on a historical rolling four (4) quarters basis until a Satisfaction Event occurs.

  • If a Universal Triggered Offering cannot be consummated because it would not result in a Satisfaction Event with respect to Universal as a result of market conditions or other Company-related issues, then the Universal Trigger Notice shall be deemed to remain outstanding.

  • In no event shall the Universal Triggered Offering be larger than that necessary to cause a Satisfaction Event with respect to Universal.

  • As of the earlier of (i) the Closing Date and (ii) the date of the Satisfaction Event, there shall not have occurred a Material Adverse Effect with respect to the Company and the Subsidiaries (taken as a whole).

  • Each Named Employee shall have signed an Offer Letter and a Non-Competition Agreement, each of which shall continue to be in full force and effect, prior to the earlier of the Closing Date and the date of the Satisfaction Event, and no action shall have been taken by any such individual to rescind any of such agreements.

  • Lender shall terminate this Agreement upon the occurrence of a Satisfaction Event and disburse all monies then held in the Seventh Mezzanine Deposit Account and the Seventh Mezzanine Sub-accounts after liquidating all Permitted Investments, to the Borrower, or as the Borrower shall otherwise direct..

  • The Company Securityholders shall not be responsible for any Indemnifiable Damage arising out of any change in any legal requirement or GAAP that takes place after the Closing, or if a Satisfaction Event occurs, after the Satisfaction Event.

  • Costs of revenue for the first nine months of 2009 amounted to EUR 18.0 million (2008: EUR 15.6 million) yielding a gross margin of 38.3% (2008: 38.0%).

  • The minimum number of shares to be registered on behalf of the Participating Partners in a Follow-on Offering shall be such number of shares required to cause a Satisfaction Event with respect to each Participating Partner upon consummation of such offering (such minimum number of shares being the "Minimum Registrable Amount").


More Definitions of Satisfaction Event

Satisfaction Event means, with respect to each Partner, the event as a result of which the Fifty Percent Return of such Partner would be equal to zero (or such greater amount as results from the restriction set forth in the last sentence of Section 7.02(b)).
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Satisfaction Event means the satisfaction in full of the Obligations.
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Satisfaction Event means the date upon which all of the Obligations of each Borrower have been indefeasibly paid and performed in full and this Agreement has been terminated.
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Satisfaction Event means the first (1st) date after a Triggering Event on which both of the following conditions are satisfied: (a) the sum of Undrawn Availability plus Qualified Cash is greater than the lesser of: (i) 20.00% of the Formula Amount, or (i) 20.00% of the Maximum Revolving Advance Amount, but in no event shall such amount be less than $15,000,000, for a period of forty-five (45) or more consecutive calendar days after such Triggering Event, and (b) no Default or Event of Default is continuing.
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Satisfaction Event means the first (1st) date after a Triggering Event on which both of the following conditions are satisfied: (a) Undrawn Availability has equaled more than $10,000,000 plus the Undrawn Test Adjustment for a period of forty-five (45) or more consecutive days after such Triggering Event, and (b) no Default or Event of Default is continuing.
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Satisfaction Event means any of the following events:
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Related to Satisfaction Event

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Put Option Event means a Change of Control Event.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).