CCR Election Notice Sample Clauses
The CCR Election Notice clause establishes the procedure by which a party must formally notify the other party of its decision to elect a specified right or option under the contract, often related to credit or risk management. Typically, this involves providing written notice within a defined timeframe and in a prescribed format, ensuring that the election is clear and unambiguous. The core function of this clause is to ensure that both parties are properly informed of important decisions affecting their contractual relationship, thereby reducing misunderstandings and disputes regarding the exercise of contractual rights.
CCR Election Notice. The Trustee will post the written notice on its password-protected website at ▇▇▇▇://▇▇▇.▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ and deliver the written notice (i) with respect to Book-Entry Notes, through the Applicable Procedures of the Clearing Agency and (ii) with respect to any Class A-1 Notes of the Controlling Class, via email to the Class A-1 Administrative Agent. Each Controlling Class Member shall be allowed to nominate itself as a CCR Candidate (and shall not be permitted to nominate any other person or entity as a CCR Candidate) by submitting a nomination to the Trustee in the form attached as Exhibit G hereto (a “CCR Nomination”) within thirty (30) calendar days (such period, the “CCR Nomination Period”). Each Controlling Class Member submitting a CCR Nomination shall represent that as of a date not more than ten (10) Business Days prior to the date of the CCR Election Notice as determined by the Trustee (such date, the “Nomination Record Date”) it was the Note Owner or Noteholder, as applicable, of the Outstanding Principal Amount of Notes of the Controlling Class specified by it in the CCR Nomination. CCR Nominations may be submitted by Controlling Class Members to the Trustee in .pdf format via email at the email address for such purpose set forth in the CCR Election Notice, and no originals or medallion signatures guarantees shall be required, and the Trustee shall be entitled to conclusively rely on, and shall be fully protected in relying on, CCR Nominations submitted in such manner. Each nomination shall include a contact for the CCR Candidate that shall be available to answer any questions raised by a noteholder. Such contact information shall be posted on the Trustee’s website.
CCR Election Notice. The Trustee shall deliver the written notice with respect to (i) Book-Entry Notes through the Applicable Procedures of the Clearing Agency with respect to Book-Entry Notes and (ii) with respect to the Definitive Notes, to the extent provided, to the registered address of any Holders of any Definitive Note. In addition, the Trustee shall post the written notice on its password protected website at h▇▇▇://▇▇▇.▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.