Rescission and Annulment of Amortization Events Sample Clauses

Rescission and Annulment of Amortization Events. (1) Subject to Section 7.2 of the Pooling and Servicing Agreement, the Series 2019-1 Co-Owner shall be entitled to rescind and annul any Amortization Event in respect of the Series 2019-1 Ownership Interest by written notice to the Custodian, the Seller and the Servicer at any time during the Amortization Period relating to such Amortization Event.
Sample 1See All (6)
AutoNDA by SimpleDocs
Rescission and Annulment of Amortization Events. 1. Subject to Section 7.2 of the Pooling and Servicing Agreement and Section 3.1(a) of the Series 2023-1 Supplement, the Series 2023-1 Co-Owner shall be entitled to rescind and annul any Amortization Event described in Section 7.1(1)(a), Section 7.1(1)(b) or Section 7.1(1)(d) in respect of the Series 2023-1 Ownership Interest by written notice to the Custodian, the Seller and the Servicer at any time during the Amortization Period relating to such Amortization Event; provided, however, that no such notice may be given in relation to the Series 2023-1 Ownership Interest on or after the Accumulation Commencement Day in respect of the Series 2023-1
Sample 1
Rescission and Annulment of Amortization Events 
Sample 1

Related to Rescission and Annulment of Amortization Events

  • Rescission and Early Termination of Contract The Illinois Commerce Commission is considering rescission and early termination of contract regulations that may afford you opportunities within certain parameters to rescind or terminate your contract without incurring an early termination fee. In addition, your DSP’s tariff (which is on file with the Illinois Commerce Commission) may contain provisions regarding penalty-free rescission periods. DES will comply with all applicable provisions and regulations concerning rescission and early termination of contract. Shortly after your election to take service from DES, your DSP should provide you an enrollment notice informing you of any rescission rights you may have and the last day for making a request to rescind. If you rescind this Agreement within the timeframe specified by your DSP, your enrollment with DES will be cancelled without penalty to you. Upon rescission in accordance with applicable law, this Agreement will be considered cancelled and neither party shall have any further obligation hereunder to each other. If you do not rescind this Agreement, you still may terminate the Agreement without any termination fee or penalty within 10 business days after the date of the first xxxx issued to you under this Agreement by calling DES toll-free at 000-000-0000 to let DES know to terminate this Agreement. You may terminate a residential electric supply agreement in this manner only one time in any 12 month period. Upon termination, you will remain responsible for all obligations, including payment for Retail Power and related costs and charges, incurred under this Agreement prior to the effective date of termination, including any applicable termination fee.

  • Waiver of Past Defaults The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

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