Entries Sitemap 6 Cowell. Such a form of negative expression as may imply or carry within it an affirmative. Poth. Negative condition. This Law Dictionary identifies commonly held definitions for terms that can be found on the Encyclopedia of Law websites. Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document. Release Conditions means the following conditions for terminating all the Transaction Liens: Failed Remarketing Condition means a Failed Remarketing ConditionPurchased VRDP Shares or a Failed Remarketing ConditionUnpurchased VRDP Shares. Condition Affecting the Safety of a Project or Project Works. View positive and negative condition.png from COLLEGE OF LAW 122A at University of Nueva Caceres - Bataan. Definitions supported by published research from over 130 jurisdictions. in addition to the foregoing, "negative conditions" shall include any other objectionable emissions from the premises for which landlord has received good faith complaints from other tenants or occupants of the building on more than two (2) separate occasions or a complaint from the police or any other governmental authority having jurisdiction NEGATIVE CONDITION, contracts, wills. (condition). In pleading. 2008 Law dictionary. It is frequently (but not only) used in conditional statements where the verb of the main clause is also in the negative. Negative condition can include conditions such as prohibiting a tenant from subletting leased property, a promise not to do something, usually as part of a larger agreement. negative condition or restriction means: (a) as to buyer any condition or restriction imposed by a governmental entity: (1) that is not customarily imposed in transactions of the type contemplated by the transaction agreements; (2) that requires the taking of any action, including any amendment of any transaction agreement, that would materially However it is not, even if I configure it as negative. Emergency Condition means a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the NYISO or Connecting Transmission Owner, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to the New York State Transmission System or Distribution System, the Connecting Transmission Owners Interconnection Facilities or the electric systems of others to which the New York State Transmission System or Distribution System is directly connected; or (3) that, in the case of the Interconnection Customer, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Small Generating Facility or the Interconnection Customers Interconnection Facilities. Rating Condition means a period commencing with notice (a "Rating Condition Notice") by the Agent to the Company and the Lenders to the effect that the Agent has been informed that the rating of the senior public Debt of the Company is unsatisfactory under the standard set forth in the next sentence, and ending with notice by the Agent to the Company and the Lenders to the effect that such condition no longer exists. All Answers (1) To justify the statement that you mentioned, you have to understand the diffraction conditions in great detail. Availability Percentage shall mean (a) in respect of any dividend payment pursuant to Subsection 8.3(i), 17.5%; (b) in respect of any investment or acquisition permitted pursuant to clause (u) of the definition of Permitted Investments or clause (c) of the definition of Permitted Acquisition,. A negative condition is a condition that forbids or prevents a party from doing a specific thing. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Failed Remarketing ConditionPurchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement. In the Past One where the thing which is the subject of it must not happen; as, if I do not marry. The offeror can make the offer subject to any terms or conditions he deems necessary. Negative Condition in Foreign Legal Encyclopedias LinkDescription Negative Condition, Negative Condition in the World Legal [.] Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of a land-based or non-land-based unit. https://legaldictionary.lawin.org/negative-condition/, Necessitas Inducit Privilegium Quoad Jura Privata, Negligentia Semper Habet Infortuniam Comitem, Negative Condition in our legal dictionaries, Find synonyms and related words of Negative Condition, Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law, A community-driven knowledge creation process, of enduring value to a broad audience, Negative Condition in the World Encyclopedia of Law, A group of names, occurrences and associations, A topic display format, showing the hierarchy, The URI of Negative Condition (more about, - Page Visits in the past year: 12,537,600. Acute condition means that the individual is medically unstable. Change in condition means a change in physical condition of the employee as well as any change. n. 200; 1
313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls. Ob. Specific Conditions means the conditions in addition or in variation to the General Conditions, which the Commission may lay down, specifically for a Distribution Licensee, Payment Condition at any time of determination with respect to any Specified Payment, that the following conditions are all satisfied: (x) (1) 30-Day Excess Availability (divided by Availability on such date and expressed as a percentage) and (2) the aggregate Available Loan Commitments on the date of such Specified Payment (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below) and (y) unless the Fixed Charge Condition (as defined below) is satisfied, the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00. This entry about Negative Condition has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Negative Condition entry and the Lawi platform are in each case credited as the source of the Negative Condition entry. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. Law had been classified as criminal, Constitutional, Private, and Public. (2018, 03). Ing. This is a commission condition type, which is included on the SO pricing for profitability purposes. Under Emergency Conditions, the NYISO or Connecting Transmission Owner may immediately suspend interconnection service and temporarily disconnect the Small Generating Facility. Inst, note 751. A positive condition in the law refers to an event that is to take place in order for a However, as we will see in this section, which will critically compare the Court's positive and negative obligations jurisprudence, there are in fact consequences for the Court's legal reasoning and legal methodology attached to the use of the respective labels of positive and negative obligations. Negative pregnant. You should not rely on this information. Negative Condition legaldictionary.lawin.org Retrieved 11, 2022, from https://legaldictionary.lawin.org/negative-condition/, 03 2018. = You wouldn't have fallen over if there hadn't been a banana skin on the ground. Entries Sitemap 8 Like in C++ you can do if ! One by which it is stipulated that a given thing shall not happen. Inst. The Essential Law Dictionary. While acceptance cannot be conditional, an offer might be conditional. You might be interested in these references tools: This definition of Negative Condition is based on the The Cyclopedic Law Dictionary . Pages Sitemap, Designed by Elegant Themes | Powered by WordPress. A negative condition is also termed as restrictive condition. You should contact a lawyer licensed in your jurisdiction for advice on specific legal problems. negative A denial; a proposition by which something is denied; a statement in the form of denial. You wouldn't have fallen over unless there'd been a banana skin on the ground. Poth. Categories Sitemap One where the thing which is the subject of it must not happen; as, if I do not marry. Inst, note 751. Is something important missing? On the other hand, a negative condition is the condition that some event will not happen at a determinate time shall render the obligation effective from the moment the time indicated has elapsed or if it has become evident that the event cannot occur. Poth. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status. ", Free Online Dictionary of Law Terms and Legal Definitions, Legal Dictionaries of the Encyclopedia of Law Project, Legal Definition and Related Resources of Negative condition. Define Material Negative Condition. Legal Definition list Positive Carry Any one or more of the aforementioned Performance Conditions may be stated as a percentage of another Performance Condition, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices. Financial Covenant Event of Default has the meaning specified in Section 8.01(b). Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrowers sole discretion) of any or all applicable Classes be submitted for Extension. 1. A condition in law is a future, unforeseeable event that will cause certain rights under a contract to be destroyed, created, or expanded upon. Building the future: The Lawi Project provides individuals and organizations with expertly created and selected information covering many of the areas that will shape our future, including regulation, cybersecurity, human education, the environment, risks, artificial intelligence, social work, behavior, finance, leadership, public policy, and more. Entries Sitemap 7 Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. Ob. The 'head' of all the classes is identified as the Constitutional Law, as any other Law submits to it. Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that (a) no Default or Event of Default then exists or would arise as a result of entering into such transaction or the making of such payment, (b) after giving effect to such transaction or payment, either (x)(i) the Pro Forma Availability Condition has been satisfied, and (ii) after giving effect to such transaction or payment, the Consolidated Fixed Charge Coverage Ratio, as calculated on a Pro Forma Basis for the Measurement Period preceding such transaction or payment, is equal to or greater than 1.1:1.0, or (y) Pro Forma Availability will be equal to or greater than the greater of (i) 20% of the Loan Cap and (ii) $25,000,000. In cases of this sort, as he acts wholly. Funding Conditions means those conditions required to be satisfied prior to or concurrently with the funding of any Future Debt, as follows: Rating Agency Condition means, with respect to any action, that each Rating Agency shall have been given 10 days' (or such shorter period as shall be acceptable to each Rating Agency) prior notice thereof and that each of the Rating Agencies shall have notified the Seller, the Company, the Servicer, the Owner Trustee and the Indenture Trustee in writing that such action will not result in a reduction or withdrawal of the then current rating of the Notes. A condition can be either express or implied, meaning that it can be either written or verbal for an express condition or automatic for an implied condition, depending on the significance of the event. negative conditions means the conditions contained in paragraphs 2 (e) to 2 (j) (inclusive) of appendix i of the press announcement; offer document: the document which would be despatched to the target shareholders if bidco elects to make the offer, together with any form of acceptance and/or other document relating to the offer where the context from my job before the due date'). Entries Sitemap 1 It is used in contradistinction to giving assent; thus we say the president has put his negative upon such a bill. Condition Satisfaction Date shall have the meaning set forth in Section 7.2. "You have an excellent service and I will be sure to pass the word.". Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis on the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be, but are not required to be, measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other value creation metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; or (xxviii) any combination of the foregoing. Negative Condition in United States Negative Condition Definition One where the thing which is the subject of it must not happen. The Company agrees to give notice to the Agent forthwith upon any change in a rating by either such organization of the senior public Debt of the Company; the Agent shall have no duty whatsoever to verify the accuracy of any such notice from the Company or any Lender or to monitor independently the ratings of the senior public Debt of the Company and no Lender shall have any duty to give any such notice. Ob. Web. Because the parties will be able to express their own claims and . Obligations Law 1 Bouv. Funding Conditions means those conditions required to be satisfied prior to or concurrently with the funding of any Future Debt, as follows: Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank). Legal definition for NEGATIVE CONDITION: contracts, wills. Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement. subject of it must not happen; as, if I do not marry.
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negative condition in law