Block Notice definition

Block Notice has the meaning assigned to such term in Section 13.04(b).
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Block Notice means a Notice of Block (as defined in the Parent Guaranty) delivered by the Parent Guarantor pursuant to the Parent Guaranty suspending the right of the Company or a Subsidiary Applicant to obtain LOCs hereunder.
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Block Notice shall have the meaning set forth in 2.3(a).
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Examples of Block Notice in a sentence

  • The Senior Agent may only serve one Block Notice with respect to the same event or circumstance.

  • This shall not affect the right of the Senior Agent to issue a Block Notice in respect of any other event or circumstance.

  • In the event the Parent fails to find a purchaser as required by Section 4.3 and the transaction of purchase and sale resulting from the exercise of the Forced Conversion Block is not completed within 30 days of the delivery of the Forced Conversion Block Notice for cash, the Lender shall not be required to complete the Forced Conversion and the Borrower may not reissue a Forced Conversion Notice in accordance with Section 4.2 for 30 days thereafter.

  • A Senior Representative may only serve one Block Notice with respect to the same event or circumstance.

  • If, in performing its duties under this Agreement, the Custodian is required to decide between alternative courses of action, the Custodian may (but shall not be obliged to) request written instructions from the Servicer, the Company or the Collateral Agent as to the course of action desired by it; provided that the Custodian shall not request written instructions from the Servicer or the Company following the Custodian’s receipt of a Block Notice.

  • Upon termination of this Agreement, any funds in the Accounts shall be subject to the direction of Collateral Agent (if after Bank’s receipt of a Block Notice) or Debtor (if prior to Bank’s receipt of a Block Notice), as applicable.

  • Unless otherwise agreed by the HY Note Trustee, the FRN Trustee and the Subordinated Loan Agent, (a) a Block Notice may not be issued less than three hundred and sixty (360) days after the service of the immediately prior Block Notice and (b) the Senior Agent shall only serve a Block Notice on the HY Note Trustee, the FRN Trustee and the Subordinated Loan Agent on or before the date falling 75 days after the date upon which the Senior Agent receives actual written notice of the relevant Senior Default.

  • TTP or ACI may exercise this tag-along right of participation by giving notice thereof (“Tag-Along Notice ”) to Torvec within ten (10) days after the Control Block Notice is delivered to him.

  • Commencing with the delivery date of such Payment Block Notice to Parent, no payments may be made by Borrowers on the Subordinated Indebtedness for a period of six months.

  • Unless the Lender has delivered a Forced Conversion Block Notice within the time period set out in Section 4.2(d) hereof, the closing of the Forced Conversion transaction contemplated by delivery of the Forced Conversion Notice shall be completed on the 20th Business Day following delivery of the Forced Conversion Notice.


More Definitions of Block Notice

Block Notice has the meaning given to it in clause 7.4 (Suspension of Permitted HY Subordinated Debt Payments and FRN Subordinated Debt Payments and Permitted HY Funding Loan Debt and FRN Funding Loan Debt Payments until the Senior Discharge Date).
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Block Notice has the meaning given to such term in Section 2.3.
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Block Notice has the meaning given to that term in Schedule 2 (Form of Notice).
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Block Notice has the meaning set forth in Section 3.4(b).
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Block Notice means a Notice of Block (as defined in the Guaranty) delivered by the Guarantor pursuant to the Guaranty suspending the right of the Borrower to obtain Term Loans hereunder.
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Related to Block Notice

  • Piggyback Notice has the meaning specified in Section 2.02(a).

  • Initial Notice shall have the meaning set forth in Section 7.1.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • OJEU Notice means the contract notice published in the Official Journal of the European Union.

  • FOIA notice means a decision notice, enforcement notice and/or an information notice;

  • Offering Notice has the meaning set forth in Section 3.1(a).

  • Email Notice means a short form of notice that shall be sent by email to Settlement Class members who agreed to receive account statements by email in the form attached as Exhibit 1.

  • CFIUS Notice means a joint voluntary notice with respect to the Contemplated Transactions prepared by Parent and the Company and submitted to CFIUS in accordance with the requirements of the DPA.

  • General Notice means any notice given in accordance with this Agreement other than a Transfer Notice;

  • Registration Notice has the meaning specified in Section 2.1(a).

  • Approval Notice means, with respect to any Eligible Loan Asset, the written notice, in substantially the form attached hereto as Exhibit A, evidencing the approval by the Agent, in its sole discretion, of the conveyance of such Eligible Loan Asset by the Transferor to the Equityholder pursuant to the terms of the First Tier Purchase and Sale Agreement and by the Equityholder to the Borrower pursuant to the terms of the Second Tier Purchase and Sale Agreement and the Assignments by which the Transferor effects such conveyance.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Publication Notice means the summary notice of proposed Settlement and hearing for publication substantially in the form attached as Exhibit 3 to Exhibit A.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Rectification Notice means a notice in writing that identifies a defect in any Work and requires rectification of the defect within a specified period of time.

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • Escalation Notice has the meaning set forth in Section 8.02.

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.