COMPLETION OF THE ASSIGNMENT. 6.1 The assignments and assignations contemplated by this Agreement shall be completed on the fifth London Business Day after the earliest to occur of:
(a) the service of an Intercompany Loan Enforcement Notice or a Note Enforcement Notice; or
(b) the Seller being required to perfect legal title to the Mortgages, or procure any or all of the acts referred to in this Clause 6 by an order of a court of competent jurisdiction or by any regulatory authority to which the Seller is subject or any organisation whose members comprise (but are not necessarily limited to) mortgage lenders and with whose instructions it is customary for the Seller to comply; or
(c) it becoming necessary by law to do any or all of the acts referred to in this Clause 6; or
(d) the Security Trustee certifying that, in its reasonable opinion, the property, assets and rights of Funding comprised in the security constituted by the Funding Deed of Charge or any material part thereof is/are in jeopardy and that the doing of any or all of the acts referred to in paragraphs (a) to (c) inclusive of Clause 6.3 is necessary in order materially to reduce such jeopardy; or
(e) unless otherwise agreed by the Rating Agencies and the Security Trustee, the termination of the Seller's role as Servicer under the Servicing Agreement; or
(f) the Seller calling for completion by serving notice to that effect on the Mortgages Trustee, Funding and the Security Trustee; or
(g) the date on which the Seller ceases to be assigned a long-term unsecured, unsubordinated and unguaranteed debt obligations rating from S&P of BBB- or more, or from Xxxxx'x of Baa3 or more, or ceases to have a long-term “Issuer Default Rating” from Fitch of BBB- or more; or
(h) the occurrence of an Insolvency Event in relation to the Seller; or
(i) the Seller is in breach of its obligations under the mortgage sale agreement, but only if: (i) such breach, where capable of remedy, is not remedied to the reasonable satisfaction of Funding and each Further Funding Company (acting in accordance with the Controlling Beneficiary Deed) within 90 calendar days; and (ii) any of Fitch, Xxxxx’x and S&P has confirmed that the then current ratings of the then Rated Notes will be withdrawn, downgraded or qualified as a result of such breach, PROVIDED THAT: (A) this provision shall not apply if the Seller has delivered a certificate to the Mortgages Trustee, any Funding Company and/or any Security Trustee, as applicable, that the occurrence of such event...
COMPLETION OF THE ASSIGNMENT. 10 7. Undertakings..............................................................11 8. Warranties and Repurchase by the Seller...................................14 9.
COMPLETION OF THE ASSIGNMENT i. The Deliverables shall be submitted to the Client in draft form for the Client's review.
ii. As the Assignment is to be provided on a time and materials basis under the Client’s Project Management time shall not be of the essence for the Assignment and the Consultancy shall not be held liable for any delay in delivery.
iii. In the event that the Consultancy is delayed in the performance of the G-Cloud Services by the Client or for any reason outside the Consultancy’s direct control the impact of such delay shall be assessed via the procedure for changes to the Assignment detailed in clause 3 and shall be agreed and approved by the Client.
iv. If the Client makes no review comments to Consultancy within fourteen (14) days, the Consultancy will be entitled to issue the Deliverables in final form at the end of that period. Where the Client makes comments in such timescale, following discussion of the same, the Consultancy shall incorporate any agreed changes to the draft Deliverables and shall then reissue them in final form to the Client.
v. Upon issue of the Deliverables in final form, they shall be deemed to have been accepted by the Client.
vi. Consultancy shall have no obligation to update the Deliverable issued in final form unless pursuant to a change request agreed under the ‘Changes to the Assignment’ Clause.
COMPLETION OF THE ASSIGNMENT. 6.1 The Assignment will be valid for a maximum of six months, unless agreed differently when the Assignment was approved by the Client and if this was stated explicitly in the Confirmation of Assignment. In the unlikely event that the search has not been completed within the agreed term, ARC People will re-assess with the Client whether or how the duration of the Assignment can be extended and if required, specify appropriate modifications to the terms and conditions originally agreed for the Assignment.
COMPLETION OF THE ASSIGNMENT. 7.1 The validity period of this Licence is until 31 December 2017 and unless acted upon and also registered with the Landlord within this period (irrespective of the provisions of the Leases (if any) relating to registration) this Licence may be revoked at the Landlord’s sole discretion.
7.2 The revocation of this Licence is not to limit any accrued right of action which the Landlord has in respect of any breach by the Tenant or the Assignee of their obligations under this Licence before the revocation.
7.3 Immediately following completion of the Assignment, the Landlord and the Assignee hereby covenant to enter into the deed of variation annexed to this Licence at Schedule 1 (Deed of Variation ) and the rent deposit deed annexed to this Licence at Schedule 2 (Rent Deposit Deed ).
COMPLETION OF THE ASSIGNMENT. If a Completion Event has occurred on any day, that day shall be deemed to be the Completion Date of the Assignment. If a Completion Event has not occurred before the End Date, then the End Date shall be deemed to be the Completion Date of the Assignment.
COMPLETION OF THE ASSIGNMENT. If a Completion Event has occurred, the Intermediary shall designate that day as the Completion Date by sending to the Client, no later than the Trading Day following such Completion Date, a notice substantially in the form set out in Annex 1 (Form of the Completion Notice) hereto (the “Completion Notice”) provided that, if the Completion Date has not been designated before the End Date, the End Date shall be deemed to be the Completion Date.
COMPLETION OF THE ASSIGNMENT. The Company shall be responsible for sending to Guangzhou International the Written Notice within 3 business days upon the Loan Assignment Agreement taking effect, and the date of sending the Written Notice shall be the completion date of the assignment. Upon completion, CLFG shall become the creditor of the Loan and shall be entitled to exercise all the rights and obligations in respect of the Loan. CLFG shall undertake the responsibilities, risks and losses in the process of recovering the Loan.
