Direction Letters. Neither Borrower nor any member of the Borrower Control Group shall attempt to revoke, rescind or modify any of the Direction Letters.
Direction Letters. So long as (i) “cause” (as defined in any of Sections 12(b)(i)-(v) or (viii) of the Gxxxxxxx 0000 XXX XXX) does not exist, and (ii) there has not been a default in the payment of principal on the Class A Notes (as defined in the Gramercy 2006 CDO Indenture) when the same becomes due and payable, and (iii) the Class A/B Par Value (as defined in the Gramercy 2006 CDO Indenture) is greater than 75% on any Measurement Date (as defined in the Gramercy 2006 CDO Indenture), and (iv) no Resignation Event has occurred, following the occurrence of an event described in Section 12(b)(vi) and/or 12(b)(vii) of the Gramercy 2006 CDO CMA and if directed to do so in writing by CWCapital, ************ shall, and shall cause its Affiliates, if applicable, to (i) send a letter in the form attached hereto as Exhibit A to any counterparty to a swap agreement (collectively, the “Gramercy 2006 CDO Swaps”) pursuant to which ************ or any of its Affiliates provides credit protection on a note issued as part of the Gramercy 2006 CDO and (ii) subject to any and all confidentiality obligations of ************, notify Wxxxx Fargo Bank, N.A. that ************ has not directed the counterparties to the Gramercy 2006 CDO Swaps to remove CWCapital as the collateral manager of the Gramercy 2006 CDO; provided that, on and after June 16, 2016, this section shall cease to be of any further force and effect and ************ shall have no further obligations under this Section 4(A).
Direction Letters. In any event and at any time, the Escrow Agent will promptly upon receipt of one or more Direction Letters disburse the Escrow Fund in accordance with the terms and conditions of the Direction Letters. As used in this Agreement, a “Direction Letter” means a joint letter of direction executed by Buyer and Seller and delivered to the Escrow Agent.
Direction Letters. As provided in Section 9(c)(2) of the Repurchase Agreement, by November 22, 2004, the Grantor shall deliver to the Payment Processing Bank an acknowledgement and direction letter instructing the Payment Processing Bank to remit all proceeds with respect to the Collateral hereunder to the Buyer, if the Buyer so directs, upon an Event of Default or in the event of a Margin Deficit.
Direction Letters. The Agents shall have received copies of notices satisfactory to the Agents duly executed and delivered by each applicable Borrower or Subsidiary with respect to each Bank Account listed in Item 6.30 of the Disclosure Schedule to each Direction Bank advising such Direction Bank of the existence of this Agreement, and the Agents and their counsel shall be otherwise satisfied that each Direction Letter sent pursuant to the terms of the Existing Credit Agreement shall continue to be in full force and effect as of the Closing Date and are sufficient for the purposes hereof.
Direction Letters. (1) A Direction Letter, duly executed by Newco, as a shareholder, instructing CBO REIT II to deliver payments on the Subject Securities owned by it to the related Collection Account, (2) a Direction Letter, duly executed by CBO REIT II, as sole shareholder, instructing each REIT Subsidiary to deliver any payments on the Subject Securities owned by it to the related Collection Account and (3) a Direction Letter, executed by each REIT Subsidiary or CBO REIT II, as applicable, directing each trustee and/or issuer under each Subject Security owned by each REIT Subsidiary or CBO REIT II, as applicable, to deliver any payments on the Subject Securities as applicable, to the related Collection Account.
Direction Letters. The Direction Letters, duly executed by CCFL or the applicable collateral manager under the applicable Dekania Collateral Management Agreements;
Direction Letters. The Agents shall have received copies of Direction Letters duly executed and delivered by each applicable Borrower or Subsidiary with respect to each Bank Account listed in Item 6.30 of the Disclosure Schedule to each Direction Bank, or, to the extent that all of such Direction Letters are not delivered by the Closing Date, the Borrowers have used commercially reasonable efforts to, and to cause their Subsidiaries to, do so.
Direction Letters. The Administrative Agent shall have received Direction Letters addressed to all Persons that owe or are expected to owe Cash Receipts to any Note Party, executed by the applicable Note Party.
Direction Letters. The Agent shall have received the Direction Letters (as executed only by one or more of the Borrowers) for each purchaser of production set forth on Schedule 3.1(p) attached hereto;
