Appointment of a Standby Servicer and an Independent Investment Advisor Sample Clauses

Appointment of a Standby Servicer and an Independent Investment Advisor. (1) The Custodian shall use its best efforts to arrange for a Standby Servicer if (a)(i) the long-term rating of CT Bank issued by DBRS Morningstar and S&P, if any, or (ii) the long- term rating of Canadian Tire or another Person providing a Servicer guarantee pursuant to Section 7.4(1) issued by DBRS Morningstar and S&P in circumstances where CT Bank is not then rated by DBRS Morningstar and S&P and Canadian Tire has provided a servicer guarantee contemplated under Section 7.4(1), has been reduced to a long-term rating of BB (high) (long-term) or below by DBRS Morningstar and BB+ (long-term) or below by S&P or (b) CT Bank (except in the circumstances described in (a)(ii)) or Canadian Tire or such other Person providing a servicer guarantee (if Canadian Tire or such other Person is providing a servicer guarantee described in (a)(ii)), as the case may be, is unrated by DBRS Morningstar and S&P. The designation of any Standby Servicer shall, in the case of DBRS Morningstar, be subject to satisfaction of the Rating Agency Condition.
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Appointment of a Standby Servicer and an Independent Investment Advisor. (1) The Custodian shall use its best efforts to arrange for a Standby Servicer if (a)(i) the long-term rating of CT Bank issued by DBRS and S&P, if any, or (ii) the long-term rating of Canadian Tire or another Person providing a Servicer guarantee pursuant to Section 7.4(1) issued by DBRS and S&P in circumstances where CT Bank is not then rated by DBRS and S&P and Canadian Tire has provided a servicer guarantee contemplated under Section 7.4(1), has been reduced to a long-term rating of BB (high) (long-term) or below by DBRS and BB+ (long-term) or below by S&P or (b) CT Bank (except in the circumstances described in (a)(ii)) or Canadian Tire or such other Person providing a servicer guarantee (if Canadian Tire or such other Person is providing a servicer guarantee described in (a)(ii)), as the case may be, is unrated by DBRS and S&P. The designation of any Standby Servicer shall, in the case of DBRS, be subject to satisfaction of the Rating Agency Condition.
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Appointment of a Standby Servicer and an Independent Investment Advisor. (1) The Custodian shall use its best efforts to arrange for a Standby Servicer if:
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Related to Appointment of a Standby Servicer and an Independent Investment Advisor

  • Investment Advisor The Buyer is an investment advisor registered under the Investment Advisors Act of 1940.

  • Investment Representation The Holder hereby represents and covenants that (a) any share of Stock acquired upon the vesting of the Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), unless such acquisition has been registered under the Securities Act and any applicable state securities laws; (b) any subsequent sale of any such shares shall be made either pursuant to an effective registration statement under the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the Holder shall submit a written statement, in form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of vesting of any shares of Stock hereunder or (y) is true and correct as of the date of any sale of any such share, as applicable. As a further condition precedent to the delivery to the Holder of any shares of Stock subject to the Award, the Holder shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or delivery of the shares and, in connection therewith, shall execute any documents which the Board shall in its sole discretion deem necessary or advisable.

  • Appointment of Representatives 6.01 The Employer acknowledges the right of the Union to appoint employees as Representatives of the Union.

  • Investment Representations (i) The Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement Warrants, the Shares issuable upon such exercise (collectively, the “Securities”), for the Purchaser’s own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.

  • UNION REPRESENTATION AND COMMITTEES 7.01 (a) It is mutually agreed that where negotiations are conducted on a joint basis between any or all of the Nursing Homes in the Extendicare chain in the Province of Ontario, the Union will elect or otherwise select a negotiating committee consisting of one (1) representative from each Nursing Home.

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