Common use of No Delay Clause in Contracts

No Delay. In acting under the Transaction Agreements, the Disposal Agent may take such steps as it considers appropriate in order to effect an orderly sale of the Disposal Assets and/or any Issuer STP Claim, but may not delay the sale beyond, in relation to the Disposal Assets, the Disposal Date, and in relation to any Issuer STP Claim, the date falling 3 years following the Mandatory Redemption Date, in the hope of achieving a higher price and will not be liable to the Issuer or any Secured Party merely because a higher price could have been obtained had the sale been delayed.

Appears in 2 contracts

Samples: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme

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No Delay. In acting under the Transaction Agreements, the Disposal Agent may take such steps as it considers appropriate in order to effect an orderly sale of the Disposal Assets and/or any Issuer Aggregate STP Claim, but may not delay the sale beyond, in relation to the Disposal Assets, the Disposal Date, and in relation to any Issuer Aggregate STP Claim, the date falling 3 years following the Mandatory Redemption Date, in the hope of achieving a higher price and will not be liable to the Issuer or any Secured Party merely because a higher price could have been obtained had the sale been delayed.

Appears in 2 contracts

Samples: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme

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No Delay. In acting under the Transaction Agreements, the Disposal Agent may take such steps as it considers appropriate in order to effect an orderly sale of the Disposal Assets and/or any Issuer Aggregate STP Claim, but may not delay the sale beyond, in relation to the Disposal Assets, the Disposal Date, and in relation to any Issuer Aggregate STP Claim, the date falling 3 years following the Mandatory Redemption Date, Date in the hope of achieving a higher price and will not be liable to the Issuer or any Secured Party merely because a higher price could have been obtained had the sale been delayed.

Appears in 1 contract

Samples: Multi Jurisdiction Repackaging Note Programme

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