Termination Event Remedies Sample Clauses

Termination Event Remedies. Any time during a Termination Event, the Administrative Agent, upon the written request of the Requisite Purchasers, shall, by written notice to the Transferor, the Servicer and the Purchasers, terminate the Purchaser Commitments; provided, however, that with respect to a Termination Event -------- ------- described in Section 7.01(e) or (i), only the commitment of the Purchasers to --------------- --- purchase undivided interests in the Receivables of the affected Obligor may be terminated as aforesaid. Notwithstanding the foregoing, upon the occurrence of a Termination Event described in Section 7.01(d) or (k), the Purchaser Commitments --------------- --- shall terminate automatically.
Sample 1
AutoNDA by SimpleDocs
Termination Event Remedies. Upon the occurrence and -------------------------- during the continuation of a Termination Event, the Buyer may either (i) remove Mattel, Inc. as Servicer, without limiting any other right to remove Mattel, Inc. as Servicer set forth herein or in any other Transaction Document, and/or remove any one or more of the sub-servicer(s) as sub-servicer(s), or (ii) declare the Termination Date to have occurred, whereupon the Termination Date shall forthwith occur, without demand, protest or further notice of any kind, all of which are hereby expressly waived by each of the Originators, individually and as Servicer or sub-servicer, as applicable; provided, however, -------- ------- that upon the occurrence of a Termination Event described in Section 7.3(c) -------------- above or of an actual or deemed entry of an order for relief with respect to any of the Originators under the Federal Bankruptcy Code, the Termination Date shall automatically occur, without demand, protest or any notice of any kind, all of which are hereby expressly waived by each of the Originators, individually and as Servicer or sub-servicer, as applicable. Upon the occurrence of the Termination Date for any reason whatsoever, the Buyer and its assigns shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC, which rights shall be cumulative.
Sample 1
Termination Event Remedies. Any time during a Termination -------------------------- Event, the Agent, upon the written request of the Requisite Purchasers, shall, by written notice to the Transferor, the Guarantor, the Servicer and the Purchasers, terminate the commitment of the Purchasers to purchase undivided interests in the Receivables from the Transferor. Notwithstanding the foregoing, upon the occurrence of a Termination Event described in Section 10.1(d), the --------------- commitment of the Purchasers to purchase undivided interests in the Receivables from the Transferor shall terminate automatically.
Sample 1
Termination Event Remedies. 25 - ii - Mattel, Inc. First Amended and Restated Receivables Purchase Agreement
Sample 1
Termination Event Remedies. 56 7.5. Potential Termination Event Remedies............................................. 57
Sample 1
Termination Event Remedies. Upon the occurrence of a -------------------------- Termination Event described in clause (c) or (e) of Section 7.3 above, all outstanding Tranches shall thereafter accrue additional Discount at a rate equal to the difference, for each respective Tranche, between (x) the highest Participation Rate applicable to any Tranche plus 2% and (y) the Participation Rate applicable to such Tranche at the time of such Termination Event, and the commitment of the Banks to purchase undivided interests in the Receivables from the Transferor shall automatically terminate. Upon the occurrence of a Termination Event other than an event described in clause (c) or (e) of Section 7.3, the Agent, upon the written request of the Requisite Banks, shall, by written notice to the Transferor, the Guarantor and the Banks, (a "Notice of --------- Termination") (i) specify that additional Discount with respect for each ----------- outstanding Tranche shall thereafter accrue as described in this Section 7.4 and/or (ii) terminate the commitment of the Banks to purchase undivided interests in the Receivables from the Transferor. In the event that any Total Outstanding Investment remains unpaid on and after any Remittance Date, such Total Outstanding Investment will thereafter accrue Discount at the Alternate Rate until paid in full.
Sample 1

Related to Termination Event Remedies

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

  • Termination Remedies In the event of any such material default under or material breach of the terms of this Lease by the Relevant Asset Owner, the Related Refinery Owner may, at the Related Refinery Owner’s option, at any time thereafter that such default or breach remains uncured, without further notice or demand:

  • Notice of Termination Events or Unmatured Termination Events A statement of the chief financial officer or chief accounting officer of the Seller setting forth details of any Termination Event or Unmatured Termination Event and the action which the Seller proposes to take with respect thereto.

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Waiver of Servicer Termination Events The Noteholders of a majority of the Note Balance of the Controlling Class or, if no Notes are Outstanding, the Owner Trustee, at the direction of the holder of the Residual Interest, may direct the Indenture Trustee to waive a Servicer Termination Event, except failure to make required deposits to or payment from any of the Bank Accounts, and its consequences. On any waiver, the Servicer Termination Event will be considered not to have occurred. No waiver will extend to any other Servicer Termination Event or impair a right relating to any other Servicer Termination Event. The Issuer will promptly notify the Rating Agencies of any waiver.

  • Termination and Remedies 67 11.1. Termination....................................................67 11.2.

  • Additional Termination Events The following Additional Termination Events will apply:

  • Waiver of Past Servicer Termination Events and Operating Advisor Termination Events; Termination The Holders of Certificates evidencing not less than 66-2/3% of the aggregate Voting Rights of the Certificates (and, if such Servicer Termination Event is on the part of a Special Servicer, with respect to the related Serviced Loan Combination only, by each affected Serviced Companion Loan Holder) may, on behalf of all Holders of Certificates, waive any Servicer Termination Event on the part of the Master Servicer, Special Servicer or any Operating Advisor Termination Event on the part of the Operating Advisor in the performance of its obligations hereunder and its consequences, except a Servicer Termination Event in connection with making any required deposits (including, with respect to the Master Servicer, P&I Advances) to or payments from the Collection Account, a Loan Combination Custodial Account or the Lower-Tier REMIC Distribution Account or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Termination Event or Operating Advisor Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon. Any costs and expenses incurred by the Certificate Administrator in connection with such default and prior to such waiver shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, promptly upon demand therefor and if not reimbursed to the Certificate Administrator within 90 days of such demand, from the Trust Fund; provided that the Trust Fund shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, to the extent such amounts are reimbursed to the Certificate Administrator from the Trust Fund. Notwithstanding the foregoing, (a) a Servicer Termination Event under any of Section 7.01(a)(i) and Section 7.01(a)(ii) of this Agreement may be waived only by all of the Certificateholders of the affected Classes (considering each Class of the Class A-S, Class B and Class C Certificates together with the Class EC Component of the same alphabetical designation as a single “Class” for such purpose), and (b) a Servicer Termination Event under Section 7.01(a)(x) of this Agreement may be waived only with the consent of the Depositor, together with (in the case of each of clauses (a) and (b)) the consent of each Serviced Companion Loan Holder, if any, that is affected by such Servicer Termination Event.

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