Release Condition definition

Release Condition means the following:

Release Condition means the occurrence of any of the following:

Release Condition shall have the meaning given such term in Section 5(a) below.

Examples of Release Condition in a sentence

• Contrary Instructions shall mean the written representation by Depositor that a Release Condition has not occurred or has been cured.

• If Preferred Beneficiary believes in good faith that a Release Condition has occurred, Preferred Beneficiary may provide to DSI written notice of the occurrence of the Release Condition and a request for the release of the Deposit Materials.

• In the event of a Release Condition, Contractor hereby grants to the Judicial Branch Entities a perpetual, irrevocable, worldwide, nonexclusive, royalty-free, fully paid-up, nonexclusive license to use, reproduce, modify and create derivative works of the Licensed Software (in Source Code and object code form) for the purpose of maintaining and supporting the Licensed Software for use in accordance with the terms of this Agreement.

• Payments and benefits of amounts which do not constitute nonqualified deferred compensation and are not subject to Section 409A (as defined below) shall commence five (5) days after the Release Condition is satisfied and payments and benefits which are subject to Section 409A shall commence on the 60th day after termination of employment (subject to further delay, if required pursuant to Section 4.7.2 below) provided that the Release Condition is satisfied.

• Upon the occurrence of a Release Condition (or any other release conditions that may be specified under the Escrow Agreement), the State of Iowa will, upon payment of the duplication cost and other handling charges of the Escrow Agent, be entitled to obtain a copy of the Source Material from the Escrow Agent.

More Definitions of Release Condition

Release Condition means the Award Recipient’s execution, delivery to the Company and non-revocation of a mutual liability release agreement in the form and substance determined by the Company (and the expiration of any revocation period contained in such release agreement) within 60 days following the Award Recipient’s termination of employment.

Release Condition means the following condition for terminating the Security Interest: all Secured Obligations shall have been paid in full.

Release Condition means, in connection with the Incurrence of any Indebtedness pursuant to Sections 4.02(b)(3), (4), (7) or (14), the loan-to-value ratio as determined by an independent mortgage appraisal conducted on behalf of and for the benefit of the lender(s) of such Indebtedness shall be at least 50%.

Release Condition means the receipt by the Trustee of:

Release Condition means the satisfaction of each of the following conditions: (a) all indebtedness (as defined in Section 10.1) that CSF owes to the Administrative Agent and/or the Lenders in its capacity as a Borrower has been indefeasibly paid in full in cash (or, in the case of Letters of Credit of which CSF is the actual account party, each such Letter of Credit has been cash collateralized in an amount equal to 103% of the stated and undrawn amount of such Letter of Credit and in the Currency in which such Letter of Credit was issued and otherwise on terms and conditions satisfactory to the applicable Issuing Lender) and there remains no commitment to make Revolving Loans to CSF; (b) the Administrative Agent shall have received written notice from CSF of its desire to terminate its rights as a Borrower with respect to the Commitment and LOC Commitment in accordance with Section 2.6(a)(ii); and (c) no Default or Event of Default shall have occurred and be continuing at the time of such termination pursuant to Section 2.6(a)(ii) or would result from such termination or the termination of the Guaranty Agreement.

Release Condition means that, after giving effect to any requested release of a Borrowing Base Property, the Borrowing Base Asset Value shall be at least One Hundred Million Dollars ($100,000,000.00).

Release Condition means, in connection with the Incurrence of any Indebtedness pursuant to Section 4.02(b)(3) or Section 4.02(b)(4), the loan-to-value ratio as determined by an independent mortgage appraisal conducted on behalf of and for the benefit of the lender(s) of such Indebtedness shall be at least 50%.