Common use of Conduit Investor Acceptance or Rejection; Investment Request Irrevocable Clause in Contracts

Conduit Investor Acceptance or Rejection; Investment Request Irrevocable. (i) Each Class Agent will promptly notify the related Investors of its receipt of any Investment Request with respect to its Class. If the Investment Request is received prior to the Conduit Investment Termination Date, each Conduit Investor shall instruct the related Class Agent to accept or reject such Investment Request by notice given to the related Class Agent by telephone or facsimile by no later than the close of its business on the Business Day following its receipt of any such Investment Request. Following receipt of such instructions from the related Conduit Investors, each Class Agent shall promptly notify the SPV and the related Alternate Investors of the acceptance or rejection by the related Conduit Investors of the Investment Request.

Appears in 5 contracts

Samples: Transfer and Administration Agreement (United Stationers Inc), Transfer and Administration Agreement (United Stationers Inc), Transfer and Administration Agreement (United Stationers Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.