Transition Event definition

Transition Event means the earlier of (i) Fiscal Year 2055/56 or (ii) the Fiscal Year when the CFD Administrator determines that both of the following events have occurred: (a) all Bonds secured by the levy and collection of the Special Tax in CFD No. 2020-1 have been fully repaid and the District determines that no additional Bonds are to be issued, and (b) all Administrative Expenses from prior Fiscal Years have been paid or reimbursed to the District.

Transition Event means the events or circumstances that resulted in a Stabilized Industrial Property becoming a Transition Property.

Transition Event means (a) with respect to the AADC Program, Voyager’s receipt of topline data with respect to the Existing Pivotal Trial, (b) with respect to the FA Program, Voyager’s receipt of topline data with respect to the first Phase 1 Clinical Trial for a Product in the FA Program, and (c) with respect to the Discovery Programs, preparation by Voyager and approval by Neurocrine of the IND to be filed by Neurocrine for the first Development Candidate in each such Discovery Program.

Examples of Transition Event in a sentence

• The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the occurrence of a Benchmark Transition Event and the Benchmark Replacement Date with respect thereto, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (d) below and (v) the commencement or conclusion of any Benchmark Unavailability Period.

• Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders.

• Upon the occurrence of a Benchmark Transition Event, the Agent and the Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement.

• Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event, the Administrative Agent and the Borrower may amend this Agreement to replace the then- current Benchmark with a Benchmark Replacement.

• Further, on behalf of the Issuing Entity, the Administrator shall perform the duties and obligations related to a transition from the then-current Benchmark, including, but not limited to the determination of a Benchmark Transition Event and its related Benchmark Replacement Date and any Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes pursuant to the terms of the Indenture.

More Definitions of Transition Event

Transition Event means (i) the death of Fxxxx Xxxxxxxx; (ii) the Mental Incompetency of Fxxxx Xxxxxxxx; (iii) the voluntary resignation of Fxxxx Xxxxxxxx as the appointee under the First Authorization; (iv) the voluntary resignation of Fxxxx Xxxxxxxx as Trustee of Stronach Trust; and (v) the failure by, or the inability of, Fxxxx Xxxxxxxx to exercise his powers as and when required under the First Authorization not due to his death, Mental Incompetency or abstention;

Transition Event has the meaning set forth in the Receivables Purchase Agreement.

Transition Event means either (i) the conversion of a Trust Mortgage Loan to a REO Property, (ii) the conversion of a REO Property to a Rental Property under clauses (ii) and (iii) of the definition of Rental Property subsequent to the Purchase Date or related Purchase Price Increase Date, as applicable, or (iii) the extinguishment of an Existing Lien on a Trust Mortgage Loan or REO Property.

Transition Event means the occurrence of any of the following: (i) an Event of Termination, (ii) the reduction of the Coverage Ratio to below 102%, (iii) the Termination Date, and (iv) the Seller's senior secured debt shall be rated BB+ or lower by Standard & Poor's or Ba1 or lower by Moody's.

Transition Event means (i) the death of Frank Stronach; (ii) the mental incompetency of Frank Stronach xxx xxxxxxxx xf the FS Appointment; (iii) the voxxxxxxx xxxxxnation of Frank Stronach as the appointee under the FS Appointment; (iv) xxx xxxxxtary resignation of Frank Stronach as Trustee of Stronach Trust; and (v) the failure xx xxxxxxxxx of Frank Stronach to exercise his powers as and when required undex xxx XX Xxxxxxtment not due to his death, mental incompetency or abstention.

Transition Event means the earlier of (i) Fiscal Year 2084/85 or (ii) the Fiscal Year when the CFD Administrator determines that both of the following events have occurred (i) all CFD No. 2022-3 Bonds secured by the levy and collection of the Special Tax in CFD No. 2022-1 have been fully repaid or are no longer outstanding and the City determines that no additional Bonds are to be issued, and

Transition Event shall also occur on