Consequences of a Note Acceleration Notice Sample Clauses

Consequences of a Note Acceleration Notice. Each of the Account Bank and the GIC Provider acknowledges that, if it receives notice in writing from the Security Trustee to the effect that (a) the Note Trustee has served a Note Acceleration Notice on the Issuer; or (b) that the appointment of YBS as Cash Manager under the Cash Management Agreement has been terminated (but without prejudice to Clause 7.1 (Account Bank and the GIC Provider to Comply with Cash Manager's Instructions)) all right, authority and power of the Cash Manager in respect of the Bank Accounts shall be terminated and be of no further effect and each of the Account Bank and the GIC Provider agrees that it shall, upon receipt of such notice from the Security Trustee, comply solely with the directions of the Security Trustee or any successor cash manager appointed by the Issuer (with the prior written consent of the Security Trustee) (subject to such successor cash manager having entered into an agreement with the Account Bank and the GIC Provider on substantially the same terms as this Agreement and the Guaranteed Investment Contract, as the case may be) in relation to the operation of each of the Bank Accounts.
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Consequences of a Note Acceleration Notice. The Collateral Account Bank acknowledges that, if it receives notice in writing from the Security Trustee to the effect that (i) the Note Trustee has served a Note Acceleration Notice on the Issuer; or
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Consequences of a Note Acceleration Notice. The Swap Collateral Account Bank acknowledges that, if it receives notice in writing from the Security Trustee to the effect that (i) the Note Trustee has served a Note Acceleration Notice on the Issuer; or (ii) that the appointment of Yorkshire Building Society as Cash Manager under the Cash Management Agreement has been terminated (but without prejudice to Clause 7.1 (Swap Collateral Account Bank to Comply with Cash Manager's Instructions) all right, authority and power of the Cash Manager in respect of the Swap Collateral Account shall be terminated and be of no further effect and the Swap Collateral Account Bank agrees that it shall comply solely with the directions of (i) upon receipt of a notice from the Security Trustee to the effect that the Note Trustee has served a Note Acceleration Notice on the Issuer, the Security Trustee; or (ii) upon receipt of a notice from the Security Trustee that the appointment of Yorkshire Building Society as Cash Manager under the Cash Management Agreement has been terminated, any successor cash manager appointed by the Issuer (subject to such successor cash manager having entered into an agreement with the Swap Collateral Account Bank on substantially the same terms as this Agreement) in relation to the operation of each of the Swap Collateral Account.
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Related to Consequences of a Note Acceleration Notice

  • Consequences of an Event of Default (a) If an Event of Default specified in subsections (a) through (l), (o), (p) or (q) of Section 7.01 shall occur and, be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent or any Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans hereunder, and the Administrative Agent may, and, upon the written request of the Required Lenders shall, by notice to the Borrower, from time to time do any or all of the following:

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Consequences of Default Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

  • Suspension; Cancellation; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Suspension; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Consequences of Events of Default and Corrective Action If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Consequences of non-compliance If a beneficiary breaches any of its obligations under this Article, the grant may be reduced (see Article 43). Such breaches may also lead to any of the other measures described in Chapter 6.

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