Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.
Specified Conditions means, in respect of any transaction, each of the following:
Specified Conditions in relation to a person means a person who fulfils the following conditions, namely:—
Examples of Specified Conditions in a sentence
The advance payment shall be repaid by deducting proportionate amounts from payments due to the bidder as set out in the General and Specified Conditions.
Upon approval, these determinations become affirmed, per 22 CFR 216 and BEO Specified Conditions become mandatory obligations of implementation.
Additional Specified Conditions for Foreign Boards of Trade with Linked Contacts.
You are not eligible for this waiver if You have or have had one of these Specified Conditions on the Issue Date of the Contract.
The assurer shall be qualified in accordance with the Membership Audit Certificate (Qualified Independent Person) (Specified Conditions) Order 2015 and appointed in accordance with the Transparency of Lobbying, Non-Party Campaigning and Trade Union Administration Act 2014 and associated guidance.
More Definitions of Specified Conditions
Specified Conditions means, at any time of determination, that (a) no Event of Default exists or would arise as a result of the making of the subject Specified Payment, (b) after giving Pro Forma Effect to such Specified Payment, the Fixed Charge Coverage Ratio as of the end of the most recently ended Test Period (regardless of whether a Covenant Trigger Period is then in effect) shall be greater than or equal to 1.0 to 1.0 calculated as if such Specified Payment (if applicable to such calculation) had been made as of the first day of such Test Period; provided, however, that the condition set forth in clause (b) shall not be applicable if Availability after giving Pro Forma Effect to such Specified Payment is as of the date of such Specified Transaction and during 30 calendar days prior to such Specified Payment in excess of the greater of (x) 20.0% of the Maximum Credit and (y) $10,000,000, (c) Availability after giving Pro Forma Effect to such Specified Payment is as of the date of such Specified Transaction, and for each date during the thirty (30) calendar day period prior to such Specified Payment would have been, in excess of the greater of (x) 15.0% of the Maximum Credit and (y) $7,500,000 and (d) the Borrower shall have delivered a certificate of a Responsible Officer, to the Agent stating that the conditions contained in the foregoing clauses (a), (b) (if applicable) and (c) have been satisfied.
Specified Conditions means Condition 3(ii) (EU Merger Regulation), Condition 3(iii) (HSR Waiting Period), Condition 3(iv) (Required Antitrust Clearances) and Condition 3(v) (Orders and Laws) (in the case of Condition 3(v), solely to the extent the Order or Law resulting in the failure of such Condition arises under or relates to any Antitrust Law in any Required Antitrust Jurisdiction).
Specified Conditions shall have the meaning set forth in Section 8.1.6.
Specified Conditions means, with respect to any Investment contemplated in the proviso at the end of Section 7.02 or any Disposition contemplated in clause (B) of the second proviso to Section 7.05(d), that (i) no Event of Default then exists or would arise as a result of the entering into such Investment or Disposition and (ii) the Pro Forma Excess Availability Condition shall have been satisfied after giving Pro Forma Effect to such Investment or Disposition. Prior to undertaking any Investment or Disposition which is subject to the Specified Conditions, the Loan Parties shall deliver to the Administrative Agent evidence reasonably satisfactory to the Administrative Agent that the conditions contained in clause (ii) of this definition have been satisfied.
Specified Conditions means the Regulatory Pre-condition and the Conditions set forth in Section 2 (Specific anti-trust and regulatory clearances and approvals), Section 3 (Listing on the New York Stock Exchange, effectiveness and registration), Section 4 (Prospectus) and Section 5 (Notifications, waiting periods and Authorisations) of Part 2 of Appendix 1 of the Offer Announcement, with such consequential amendments as may be reasonably necessary as a result of any election by Ball to implement the Acquisition by way of the Offer;
Specified Conditions means the conditions outlined in CLAUSE 3.1;
Specified Conditions applicable to Party A. The following is a Specified Condition with respect to Party B: "If an Early Termination Date has been designated in respect of each Transaction provided that if an amount is due by Party A to Party B in respect of that Early Termination Date pursuant to Section 6, that amount has been paid in full."