Structural Adjustment definition
Structural Adjustment means, in each case other than in accordance with or as contemplated by the terms of this Agreement:
Structural Adjustment means an amendment, waiver or variation of the terms of some or all of the Finance Documents that results from or is intended to result from or constitutes:
Structural Adjustment means, otherwise than as contemplated in Clauses 2.2 (Incremental Facilities) or 2.3 (Increase):
Examples of Structural Adjustment in a sentence
The Company shall promptly notify the Agent and the Agent shall promptly notify each Lender as to the effectiveness of any Structural Adjustment Amendment Agreement.
It will necessitate scaling up both directly and through partnerships, as outlined in the University’s successful Structural Adjustment Fund (SAF) bid and summarised in the sections below.
In addition to its own considerable investment in these projects, the University has submitted substantial bids under the Structural Adjustment Fund and Education Investment Fund to assist in key infrastructure and development projects relating to these initiatives.
The Associate Degree of Arts, Business and Sciences was established with an $8.2M Diversity and Structural Adjustment Fund grant in 2008 and addresses Deakin's commitment both to regional and rural education and to equity.
Growth in bachelor level places is critical to the University's mission, as outlined in Breakthrough, Strategic Plan 2013-2018 and the University's recent successful Structural Adjustment Funding grant.
More Definitions of Structural Adjustment
Structural Adjustment has the meaning given to it in Clause 26.6 (Structural Adjustments).
Structural Adjustment has the meaning given to it in Clause 41.3 (Exceptions).
Structural Adjustment means, otherwise than as contemplated in Clause 2.2 (Incremental Series) or Clause 2.3 (Increase):
Structural Adjustment has the meaning given to it in Clause 38 (Amendments and Waivers).
Structural Adjustment means, otherwise than as contemplated under Clauses 2.2 (Accordion Facility) and 2.3 (Increase):
(A) the introduction of any additional tranche or facility under the Finance Documents ranking pari passu with or subordinated to the Facilities;
(B) a change in currency of payment of any amount under the Finance Documents;
(C) any increase in or addition of any Commitment, any extension of a Commitment’s availability, the redenomination of a Commitment into another currency, the re‑tranching of any Commitment and any extension of the date for, or maturity of, or redenomination of, or a re‑tranching or reduction of, any amount owing under the Finance Documents;
(D) a reduction in the Margin or a reduction in the amount of fees or commission payable (other than as provided for by application of the Margin ratchet); and
(E) changes to any Finance Documents (including changes to, the taking of, or the release coupled with the immediate retaking of Transaction Security) that are consequential on or required by reason of applicable law to implement effectively or reflect any of the foregoing.
Structural Adjustment means any amendment, waiver or variation of the terms of any Finance Document that results in:
(i) the introduction of any additional tranche or facility in the Finance Documents, ranking pari passu with or subordinated to the Facilities;
(ii) a reduction or deferral in the Margin (other than by way of the applicable Margin ratchet), the conversion of cash pay interest under any of the Finance Documents into non-cash pay interest, or a reduction in the amount of any payment of principal, interest, fees or commission payable under any of the Finance Documents;
(iii) any increase in or addition of any commitment (it being understood that a waiver of any condition precedent or the waiver of any default, event of default or mandatory prepayment shall not constitute an increase of any commitment of any Senior Lender), any extension of a commitment's availability or the redenomination of a commitment into another currency and any extension of the date for, or maturity of, or redenomination of, or a reduction (other than as set out under paragraph (c) below) of any principal, interest or fees (including any Margin but it being understood that waivers of default interest, defaults or events of defaults shall not constitute a reduction of interest for this purpose and any change in the definitions of any ratio used in the calculation of such rate of any such interest or fees (or the component definitions) shall not constitute a reduction in any rate of interest or fees) arising under the Finance Documents (in each case not arising as a result of any change to any partial mandatory prepayment provision or related definitions);
(iv) the accession of an Additional Borrower in connection with such Structural Adjustment; and
(v) all changes to the Finance Documents (including changes to, the taking of, or the release coupled with the immediate retaking of security) consequential on or required by reason of applicable law effectively to implement any of the foregoing provided that when legally possible, any structural adjustments including retaking of the security as set above will be carried out by the taking of second or lower ranking security interests, provided that any amendment, waiver, change or other step taken under or pursuant to Clauses 2.2 (Increase), 2.3 (Additional Facility) or 2.4 (Refinancing Facility) shall not constitute a Structural Adjustment.
Structural Adjustment. Only affected Lenders’ consent required provided that Majority Lender consent is obtained for an amendment or waiver that: