Activation Instruction definition

Activation Instruction has the meaning specified therefor in Section 7(k).

Activation Instruction has the meaning specified therefor in Section 6(l).

Activation Instruction has the meaning specified therefor in Section 5.17(b) of the Agreement.

Examples of Activation Instruction in a sentence

• Agent agrees not to issue an Activation Instruction with respect to the Controlled Accounts unless a Triggering Event has occurred and is continuing at the time such Activation Instruction is issued.

• The Collateral Agent shall not issue an Activation Instruction with respect to the Operating Accounts unless an Event of Default has occurred and is continuing at the time such Activation Instruction is issued.

• Agent agrees not to issue an Activation Instruction with respect to the Controlled Accounts unless a Cash Dominion Event has occurred at the time such Activation Instruction is issued.

• Agent agrees not to issue an Activation Instruction with respect to the Cash Management Accounts unless an Event of Default has occurred and is continuing at the time such Activation Instruction is issued.

• Agent agrees to use commercially reasonable efforts to rescind an Activation Instruction (the “Rescission”) if: (1) the Triggering Event upon which such Activation Instruction was issued has been waived in writing in accordance with the terms of the Credit Agreement, and (2) no additional Triggering Event has occurred and is continuing prior to the date of the Rescission or is reasonably expected to occur on or immediately after the date of the Rescission.

More Definitions of Activation Instruction

Activation Instruction means an instruction from AEMO for the reserve to become activated or de-activated (as the case may be).

Activation Instruction has the meaning specified therefor in SECTION 6(L).

Activation Instruction has the meaning ascribed thereto in Section 2.7(d).

Activation Instruction has the meaning provided in Section 3.11(b).

Activation Instruction shall have the meaning assigned to such term in Section 4.04(b).

Activation Instruction has the meaning specified therefor in Section 7(k) hereof. (iii) "Agent" has the meaning specified therefor in the preamble to this Agreement. (iv) "Agreement" has the meaning specified therefor in the preamble to this Agreement. (v) "Books" means books and records (including each Grantor's Records indicating, summarizing, or evidencing such Grantor's assets (including the Collateral) or liabilities, each Grantor's Records relating to such Grantor's business operations or financial condition, and each Grantor's goods or General Intangibles related to such information). (vi) "Borrower" and "Borrowers" have the respective meanings specified therefor in the recitals to this Agreement. (vii) "Cash Dominion Event" means the occurrence of either of the following: (A) the occurrence and continuance of any Event of Default, or (B) Excess Availability is less than the greater of (x) 12.5% of the Line Cap and (y) $10,000,000 at any time. (viii) "Cash Dominion Period" means the period commencing after the occurrence of a Cash Dominion Event and continuing until the date when (A) no Event of Default shall exist and be continuing, and (B) Excess Availability is greater than $10,000,000 for 30 consecutive days. (ix) "Code" means the New York Uniform Commercial Code, as in effect from time to time; provided, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, priority, or remedies with respect to Agent's Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term "Code" shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority, or remedies.

Activation Instruction has the meaning specified therefor in Section 2.17(a).