Activation Notice definition

Activation Notice have the meanings ascribed thereto in Annex C.

Activation Notice shall have the meaning set forth in Section 4.14(g) hereof.

Activation Notice has the meaning set forth in Section 4.11(b).

Examples of Activation Notice in a sentence

• Notwithstanding anything to the contrary set forth herein, nothing in this Agreement shall restrict or prohibit the Seller (or the Servicer on its behalf) from (x) making withdrawals and distributions from each Collection Account with respect to those amounts identified in clauses (i) and (ii) of the proviso to the definition of Amount on Deposit in the Collection Accounts (until the delivery of an Activation Notice) or (y) transferring any amounts from one Collection Account to another Collection Account.

• In order to facilitate the payment of Purchase Prices and the reduction of the Buyer Amount Balance, the Buyers hereby and pursuant to the terms of the applicable Deposit Account Control Agreement authorize the Seller and Servicer acting on the Seller’s behalf (until the delivery of an Activation Notice) to effect distributions from the Collection Accounts strictly in accordance with Sections 4(c) and 5(d).

• In the event that Agent issues an Activation Notice, Agent agrees to rescind such Activation Notice at such time that no Cash Dominion Period shall exist (it being understood that, notwithstanding any such rescission, Agent shall have the right and is authorized to issue an additional Activation Notice if a subsequent Cash Dominion Triggering Event shall have occurred or a Cash Dominion Period shall exist at any time thereafter).

• In the event that Administrative Agent issues an Activation Notice, Administrative Agent agrees to rescind such Activation Notice at such time that no Cash Dominion Period shall exist (it being understood that, notwithstanding any such rescission, Administrative Agent shall have the right and is authorized to issue an additional Activation Notice if a subsequent Cash Dominion Triggering Event shall have occurred or a Cash Dominion Period shall exist at any time thereafter).

• Prior to the occurrence of a Cash Dominion Triggering Event, the Credit Parties shall retain the right to direct the disposition of funds in the Blocked Accounts and/or the Collection Accounts, and Administrative Agent agrees not to provide an Activation Notice to any Blocked Account Bank unless a Cash Dominion Triggering Event has occurred and is continuing.

More Definitions of Activation Notice

Activation Notice has the meaning assigned to such term in Section 9.01(c).

Activation Notice shall have the meaning assigned to such term in Section 5.11(a).

Activation Notice shall have the meaning specified in Section 6.15.

Activation Notice has the meaning ascribed to it in Section 5.17(d).

Activation Notice shall have the meaning assigned to such term in Section 2.22.

Activation Notice shall have the meaning assigned to such term in Section 9.01(e)(i).

Activation Notice shall have the meaning set forth in the Account Control Agreement.