Trigger Failure definition
Examples of Trigger Failure in a sentence
For the avoidance of doubt, the parties hereby acknowledge and agree that notwithstanding the occurrence of a First Trigger Failure Condition or a Second Trigger Failure Condition, this Agreement and each Transaction hereunder shall continue to qualify as a Swap Agreement for purposes of the distribution priorities in Article IV of the PSA.
So long as a Second Trigger Failure Condition has occurred and is continuing, Party A shall use commercially reasonable efforts to, as soon as reasonably practicable, either (i) furnish an Eligible Guarantee of Party A’s obligations under this Agreement from a guarantor that satisfies the Hedge Counterparty Ratings Requirement, or (ii) transfer its obligations under this Agreement in accordance with Part 5(e) below.
When a First Trigger Failure Condition or a Second Trigger Failure Condition exists solely because no Relevant Entity satisfies the ▇▇▇▇▇’▇ component of the First Trigger Required Ratings or the Second Trigger Required Ratings, as applicable, then the appropriate Valuation Percentages indicated under the heading “▇▇▇▇▇’▇ Valuations” shall apply.
ZPCT is constantly working with facility staff to ensure that orders are submitted according to the delivery schedule requirements that MSL has issued.
So long as a Second Trigger Failure Condition has occurred and is continuing, Party A shall use commercially reasonable efforts to, as soon as reasonably practicable, either (i) furnish an Eligible Guarantee of Party A's obligations under this Agreement from a guarantor that satisfies the Hedge Counterparty Ratings Requirement, or (ii) transfer its obligations under this Agreement in accordance with Part 5(e) below.
When a First Trigger Failure Condition or a Second Trigger Failure Condition exists solely because no Relevant Entity satisfies the ▇▇▇▇▇'▇ component of the First Trigger Required Ratings or the Second Trigger Required Ratings, as applicable, then the appropriate Valuation Percentages indicated under the heading "▇▇▇▇▇'▇ Valuations" shall apply.
The execution, delivery and performance by Borrower of each of the Loan Documents do not violate any provision of any law or regulation, or contravene any Interlink Electronics, Inc.
If the recalculated failure exceeds the Trigger Failure Rate, then Supplier will then implement such root cause analysis and action plan within the immediately succeeding [**] day period.
Upon the occurrence of any of the following events: (i) a failure rate exceeding the Trigger Failure Rate; (ii) an epidemic failure as described in Section 10.4 for which Agilent has given Supplier written notice; or (iii) a safety change under Section 8.6 above (each referred to as a “Class Failure”), Agilent will have the following additional remedies for a [**] period commencing upon receipt by Agilent’s end–user customer of the OEM Product or the corresponding Agilent Product.
This Trigger Failure Rate is applied only after Philips has supplied CDIC with all failed parts and the circumstances of their failure, so that CDIC can perform a failure analysis.