Step-In Notice. Subject to Section 4.3 and without prejudice to the Security Trustee’s rights under the Security Documents, the Agent may give the Authority a notice (a “Step-In Notice”) at any time during an Indicative Notice Period or a Termination Notice Period, as the case may be.
Step-In Notice. 7.1 Upon the issuance of a Lender Notice or a Department Notice, except for an Incurable Developer Default, the Collateral Agent may give a written notice (a “Step-in Notice”) under this Section 7 to the Department at any time during the Cure Period in the case of the issuance of a Department Notice or at any time following the receipt by the Department of a Lender Notice.
7.2 The Collateral Agent shall nominate, in the Step-in Notice, (a) the Collateral Agent, a Lender or any entity that is wholly owned by a Lender or group of Lenders; or (b) any Person approved by the Department as a Substituted Entity in accordance with Section 12.5 of the Agreement and Section 10 below, and the person so nominated being referred to as the “Step- in Party”.
Step-In Notice. 7.1 Upon the issuance of a Lender Notice or a Department Notice, except for an Incurable Developer Default, the Collateral Agent may give a written notice (a “Step-in Notice”) under this Section 7 to the Department at any time during the Cure Period in the case of the issuance of a Department Notice or at any time following the receipt by the Department of a Lender Notice.
7.2 The Collateral Agent shall nominate, in the Step-in Notice, (a) the Collateral Agent, a Lender or any entity that is wholly owned by a Lender or group of Lenders; or (b) any Person approved by the Department as a Substituted Entity in accordance with Section 12.5 of the Agreement and Section 10 below, and the person so nominated being referred to as the “Step- in Party”.
7.3 The Department shall have the unconditional right to rely upon any Step-in Notice purported to be signed and delivered by or for the Collateral Agent, without Department obligation or liability to ascertain or investigate its authenticity, truth or accuracy.
Step-In Notice. Upon receipt by the Shipper of written notice (a “Step-in Notice”) from the Collateral Agent that an Actionable Default has occurred and is continuing, the Collateral Agent or its nominee shall be entitled to exercise any and all rights and obligations of the Carrier under the Assigned Agreements specified in the Step-in Notice in accordance with its terms, and the Shipper so notified shall comply with such notice in accordance with and subject to its obligations under each of the Assigned Agreements, in each case as if the Collateral Agent or its nominee was the Carrier. Without limiting the generality of the foregoing, the Collateral Agent, or its nominee shall have the full right and power to enforce directly against the Shipper (subject to the Shipper’s rights, remedies and defenses under the Assigned Agreements and to the terms hereof) all obligations of the Shipper under the Assigned Agreements and otherwise to exercise any and all rights and remedies thereunder and to make all demands and give all notices and make all requests required or permitted to be made by the Carrier under the Assigned Agreements, provided that no such actions shall be construed as an assumption by the Collateral Agent or its nominee of any of the Carrier obligations under the Assigned Agreements. The Carrier acknowledges and agrees to the foregoing and further acknowledges and agrees that, following the receipt by the Shipper of a notice described in this Section 4.4(b) from the Collateral Agent, the Shipper shall not incur liability to the Carrier in connection with actions contemplated in this Section 4.4(b). Notwithstanding any of the foregoing, any exercise of any material performance obligations of the Carrier under the Assigned Agreements may only be performed by a nominee which has the qualifications set forth in part (b) of the definition of Permitted Transferee.
Step-In Notice. Hyatt may exercise its Step-In Rights by giving Roomlinx notice during the continuance of a Triggering Event (the “Step-In Notice”) The Step-In Notice must specify in reasonable detail the Triggering Event basis on which Hyatt is entitled to exercise its Step-In Rights and the affected Systems and Services.
Step-In Notice. Subject to Section 4.3 and without prejudice to the Collateral Agent’s rights under the Security Documents, the Collateral Agent may give the Authority and Project Co a notice (a “Step-In
Step-In Notice. (a) Provided that all unperformed payment obligations of the Concessionaire identified in a Department Notice will have been remedied in full or waived by the Department on or before the Step-in Date, the Collateral Agent may provide the Department with a written notice (“Step-in Notice”) under this Section 4.01 at any time during any Cure Period or NEXT Concessionaire Breach.
(b) The Collateral Agent will nominate, in any Step-in Notice, any one of:
(i) subject to the Department’s approval, which will not to be unreasonably withheld or delayed, the Collateral Agent, a Lender or any of their respective Affiliates; or
(ii) any Person approved by the Department, such approval not to be unreasonably withheld or delayed if such Person meets all the criteria to be a Qualified Substitute Concessionaire and the Department has been provided with the relevant information required under Section 5.03 with respect to such Person (each a “Step-in Entity”), stating that the Step-in Entity is to become a joint and several obligor with the Concessionaire under the Second ARCA and this Agreement in accordance with the terms hereof.
(c) The Step-in Entity named in the Step-in Notice will be deemed to become a party to the Second ARCA and this Agreement on and from the date it executes a duly completed Step-in Entity Accession Agreement, substantially in the form attached hereto as Annex 1 (Form of Step-in Entity Accession Agreement), and submits it to the Department (the “Step-in Date”).
Step-In Notice. At any time during a Step-In Decision Period, the Security Trustee may give notice to the Offtaker (a Step-In Notice) specifying:
Step-In Notice. Subject to Section 4.3 and without prejudice to the Lenders’ Agent’s rights under the Security Documents, the Lenders’ Agent may give the City a notice (a “Step-In Notice”) at any time during an Indicative Notice Period or a Termination Notice Period, as the case may be.
Step-In Notice. Client will give written notice (the “Step-In Notice”) to Servco as soon as practicable of its intention to exercise its rights under Article 6. This Step-In Notice shall include: (a) the reason for exercising such rights in reasonable detail; (b) details of the third party; and (c) description of the intended contract with any third party.
