Remedies Upon the Occurrence of a Termination Event. (a) If a Termination Event occurs and is continuing, (i) the Administrative Agent shall at the request, or may with the consent, of the Required Owners, by notice to the Transferor, declare a Termination Date to have occurred and all outstanding Tranche Periods to be ended; provided that, in the case of a Termination Event under Section 7.1(a), (b), (c), (e), (f), (h) or (i), the Termination Date shall automatically occur and all Tranche Periods shall be ended, (ii) the Administrative Agent shall at the request, or may with the consent, of the Required Owners, exercise its rights and remedies under the Control Agreement(s) relating to the Collection Account and as otherwise contemplated herein, (iii) the Administrative Agent, on behalf of the Owners, shall accept no further transfers of Receivables, and (iv) the Purchase Limit then in effect shall be reduced to an amount equal to the Aggregate Net Investment at such time. In addition, if a Termination Event occurs and is continuing and, if the Servicer is Xxxxx or any Affiliate thereof at such time, the Administrative Agent shall at the request, or may with the consent, of the Required Owners, terminate Xxxxx or such Affiliate thereof as Servicer hereunder in accordance with Section 6.6. If a Termination Date occurs, then the Administrative Agent (for the benefit of the Owners) shall have all rights of the Transferor (i) as “Purchaser” under the Sale Agreement and otherwise with respect to Receivables and (ii) under or with respect to the Eligible Interest Rate Caps. In addition, following the occurrence and during the continuance of a Termination Event, each Owner shall fund its Net Investment at the Default Rate as provided herein.
Remedies Upon the Occurrence of a Termination Event. (a) Upon the occurrence of any Termination Event, the Administrative Agent may, or at the direction of the Required Committed Purchasers shall, by notice to the Transferor and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Sections 7.01(e), 7.01(f), 7.01(j) or 7.01(q) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. At all times after the declaration or automatic occurrence of the Termination Date pursuant to this Section 7.02(a), the Base Rate plus 3.00% shall be the Tranche Rate applicable to the Net Investment for all existing and future Tranches. If an event or condition shall have occurred which constitutes a Potential Termination Event, the Administrative Agent may, by notice to the Transferor, declare such event or condition a Potential Termination Event.
Remedies Upon the Occurrence of a Termination Event. (a) If a Termination Event has occurred and is continuing, the Administrative Agent may (with the consent of the Required APA Banks), or at the direction of the Required APA Banks shall, by notice to the Transferor and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Section 7.1(g) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. At all times after the declaration or automatic occurrence of the Termination Date pursuant to this Section 7.2(a), the Base Rate plus 2.00% shall be the Tranche Rate applicable to the Net Investment for all existing and future Tranches, and all Aggregate Unpaids shall be deemed to be immediately due and payable.
Remedies Upon the Occurrence of a Termination Event. (a Upon the occurrence of any Termination Event, the Funding Agent may, or at the direction of the Required APA Banks shall, by notice to the Transferor and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Section -------- -------
Remedies Upon the Occurrence of a Termination Event. (a) (i) Upon the occurrence of any Termination Event, the Borrower shall deliver notice thereof immediately upon a Responsible Officer of the Borrower obtaining actual knowledge thereof, and the Administrative Agent may, or at the direction of the Required Lenders shall, by notice to the Borrower and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Sections 7.01(e), 7.01(f), and 7.01(j) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event;
Remedies Upon the Occurrence of a Termination Event. (a) Upon the occurrence of any Termination Event, the Administrative Agent may, or at the direction of the Required Purchasers shall, by notice to the Transferor and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Section 7.01(e) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. At all times after the declaration or automatic occurrence of the Termination Date pursuant to this Section 7.02(a), the Applicable Margin shall increase by 200 basis points. If an event or condition shall have occurred which constitutes a Potential Termination Event, of which the Administrative Agent is aware, the Administrative Agent may advise the Transferor of the occurrence of such Potential Termination Event.
Remedies Upon the Occurrence of a Termination Event. (a) Upon the occurrence of any Termination Event, the Administrative Agent may, or at the direction of the Required Committed Purchasers shall, by notice to the Transferor and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Sections 7.01(e), 7.01(f), 7.01(j), 7.01(k), 7.01(l) and 7.01(n) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. At all times after the declaration or automatic occurrence of the Termination Date pursuant to this Section 7.02(a), the Base Rate plus 2.00% shall be the Tranche Rate applicable to the Net Investment for all existing and future Tranches. If an event or condition shall have occurred which constitutes a Potential Termination Event, of which the Administrative Agent is aware, the Administrative Agent may advise the Transferor of the occurrence of such Potential Termination Event.
Remedies Upon the Occurrence of a Termination Event. (a) Upon the occurrence of any Termination Event, the Funding Agent may, and shall, at the direction of the Required APA Banks, by notice to the Transferor and the Collection Agent, declare the Termination Date to have occurred; provided, however, that in the case of any event described in Section 7.1(e), 7.1(f), 7.1(j) and 7.1(n) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. At all times after the declaration or automatic occurrence of the Termination Date pursuant to this Section 7.2(a), the Funding Agent may, and shall, at the direction of the Required APA Banks, declare all outstanding Tranches to be ended and designate the Base Rate plus (i) for the period prior to the occurrence of a Redwood Insurance Draw, 2.00% and (ii) for the period on and after the occurrence of a Redwood Insurance Draw, 3.00% as the Tranche Rate applicable to the Net Investment. If an event or condition shall have occurred which constitutes a Potential Termination Event, the Funding Agent may, and shall, at the direction of the Required APA Banks, by notice to the Transferor, declare such event or condition a Potential Termination Event.
Remedies Upon the Occurrence of a Termination Event. (a) If a Termination Event occurs and is continuing, (i) the Administrative Agent shall at the request, or may with the consent, of the Required Owners, by notice to the Transferor, declare a -132- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398
Remedies Upon the Occurrence of a Termination Event. If ------------------------------------------------------------------ a Termination Event occurs, the Administrative Agent for the ratable benefit of the Purchasers may exercise any rights and remedies available to it under applicable law, including taking possession of the Transferred Interest and assigning, optioning, discounting, disposing of or selling the whole, or from time to time any part of, the Transferred Interest, by private or public sale or sales in such order or otherwise in such manner as the Administrative Agent may reasonably elect in its sole discretion (so long as such sale shall be conducted in a commercially reasonable manner). The Administrative Agent shall have, with respect to the Transferred Interest, in addition to any other rights and remedies which may be available to it at law or in equity or pursuant to this Agreement or any other contract or agreement, all rights and remedies of a secured party under any applicable version of the UCC of the relevant jurisdictions relating to the Transferred Interest, and it is expressly agreed that if the Administrative Agent should proceed to dispose of, utilize or sell the Transferred Interest, or any part thereof, in accordance with the provisions of such relevant versions of the UCC, ten Business Days' notice by the Administrative Agent to the Transferor shall be deemed to be reasonable notice under any such provision requiring such notice. The Transferor hereby expressly agrees that no notice of any sale or disposition of any Eligible Investments need be given. Any sale or other disposition of the Transferred Interest by the Administrative Agent may be made on such commercially reasonable terms as the Administrative Agent may choose, without assuming any credit risk and without any obligation to advertise or give notice of any kind other than that necessary under applicable law. Neither the Administrative Agent nor any of the Purchasers shall incur any liability as a result of the sale of the Transferred Interest, or any part thereof, at any private or public sale conducted in accordance with this Agreement. The Administrative Agent or any Purchaser may buy any of the Transferred Interest at any public sale conducted in accordance with this Agreement free of any right or equity of redemption of the Transferor, which right or equity is hereby waived or released. The Administrative Agent's sole duty with respect to the custody, safekeeping and physical preservation of the Transferred Inte...
