Acting Beneficiaries Upon Default definition

Acting Beneficiaries Upon Default means, as such term is used in Article Six hereof:
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Acting Beneficiaries Upon Default means as such term is used in Article VI of the Indenture:
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Acting Beneficiaries Upon Default means:
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Examples of Acting Beneficiaries Upon Default in a sentence

  • Remedies Whenever any Event of Default has occurred and is continuing, the Trustee may (and, upon the written request of the Acting Beneficiaries Upon Default, the Trustee will), by notice in writing delivered to the Issuer, declare the principal of and interest accrued on all Notes then Outstanding due and payable and such principal and interest will become immediately due and payable.

  • Remedies Whenever any Event of Default shall have occurred and be continuing, the Trustee may (and, upon the written request of the Acting Beneficiaries Upon Default, the Trustee shall), by notice in writing delivered to the Issuer, declare the principal of and interest accrued on all Notes then Outstanding due and payable and such principal and interest shall become immediately due and payable.

  • Whenever any Event of Default shall have occurred and be continuing, the Trustee may (and upon the written request of the Acting Beneficiaries Upon Default, the Trustee shall), by notice in writing delivered to the Issuer, declare the principal of and interest accrued on all Notes then Outstanding due and payable.

  • J Am Geriatr Soc 2004;52:749-55.4 Rochon PA, Stukel TA, Bronskill SE, Gomes T, Sykora K, Wodchis WP, et al.

  • No delay or omission to exercise any right or power accruing upon any Event of Default shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or acquiescence therein; and every such right and power may be exercised from time to time and as often as may be deemed expedient by the Trustee or the Acting Beneficiaries Upon Default, as the case may be.

  • Upon the occurrence of a Servicer Default, Access Group may, or at the direction of the Acting Beneficiaries Upon Default affected by the Servicer Default, Access Group shall, transfer the servicing of the Financed Student Loans to a successor Servicer selected by Access Group.

  • In any judicial proceeding to which the Issuer is a party and which in the opinion of the Trustee and its Counsel has a substantial bearing on the interest of the Beneficiaries, the Trustee may intervene on behalf of Beneficiaries and shall do so if requested in writing by the Acting Beneficiaries Upon Default.

  • Remeaies Whenever any Event of Default shall have occurred and be continuing, the Trustee may (and, upon the written request of the Acting Beneficiaries Upon Default, the Trustee shall), by notice in writing delivered to Access Group, declare the principal of and interest accrued on all Notes then Outstanding due and payable.

  • Remedies Whenever any Event of Default shall have occurred and be continuing, the Trustee may (and, upon the written request of the Acting Beneficiaries Upon Default, the Trustee shall), by notice in writing delivered to Access Group, declare the principal of and interest accrued on all Notes then Outstanding due and payable.

  • If Access Group has not replaced the Servicer within the period specified in the Indenture after receiving direction to replace the Servicer from the Acting Beneficiaries Upon Default, then the Trustee is authorized to replace the Servicer.


More Definitions of Acting Beneficiaries Upon Default

Acting Beneficiaries Upon Default means: • at any time that any senior obligations are outstanding: • with respect to directing the trustee to accelerate the outstanding notes: • upon any of the first four events of default listed under “Description of the Indenture — Events of Default” in this prospectus, the holders of a majority in aggregate principal amount of senior notes outstanding and • upon any other event of default, the holders of a majority in aggregate principal amount of all offered notes outstanding; • with respect to requesting the trustee to exercise rights and powers under the indenture, directing the conduct of proceedings in connection with the enforcement of the indenture and requiring the trustee to waive events of default (other than with respect to directing the trustee to accelerate the outstanding notes): • the holders of a majority in aggregate principal amount of the senior notes outstanding unless the trustee receives conflicting requests or directions from any other senior beneficiary; or • any other senior beneficiary, unless the trustee determines that the requested action is not in the overall interest of the senior beneficiaries or receives conflicting requests or directions from any other senior beneficiary or the holders of a majority in aggregate principal amount of the senior notes outstanding; and • with respect to all other matters under the indenture, the holders of a majority in aggregate principal amount of senior notes outstanding or any other senior beneficiary; • at any time that no senior obligations are outstanding but subordinate obligations are outstanding: • with respect to directing the trustee to accelerate the outstanding notes: • upon any of the first four events of default listed under “Description of the Indenture — Events of Default” in this prospectus, the holders of a majority in aggregate principal amount of subordinate notes outstanding, and • upon any other event of default, the holders of a majority in aggregate principal amount of all offered notes outstanding;
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Related to Acting Beneficiaries Upon Default

  • Automatic Early Redemption Event means that:

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Change of Control Redemption Premium means 125%.

  • Automatic Early Redemption Date means each Automatic Early Redemption Date specified in the relevant Final Terms.

  • Credit Event Upon Merger has the meaning specified in Section 5(b).

  • Triggering Events means each of the following events:

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Specified Event of Default means any Event of Default under Section 8.01(a), Section 8.01(f) or Section 8.01(g).

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).