Blocking Notice definition

Blocking Notice means a notice substantially in the form of Schedule 2 (Form of Blocking Notice).

Blocking Notice substantially in the form attached in Schedule 4 of the Pledge Agreement), with a copy to the Pledgor, as follows:

Blocking Notice has the meaning given to it in Article 3.2 below.

Examples of Blocking Notice in a sentence

• Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no event of default that existed or was continuing on the date of any Payment Blocking Notice (whether or not that event of default is on the same issue of Designated Senior Indebtedness) may be made the basis for the giving of a second Payment Blocking Notice, and only one such Payment Blocking Notice may be given in any period of 365 consecutive days.

• The Securities Intermediary shall comply with entitlement orders from the Debtor directing transfer or redemption of any financial asset relating to the Securities Account until such time as the Securities Intermediary has received a Blocking Notice delivered pursuant to Section 9(a).

• Until such time as the Securities Intermediary has received a Blocking Notice delivered under Section 9(a), the Securities Intermediary shall be entitled to distribute to the Debtor all income on the financial assets in the Securities Account.

• The Financial Institution shall comply with instructions from the Debtor directing the disposition of funds in the Deposit Account until such time as the Financial Institution has received a Blocking Notice delivered pursuant to Section 8(a).

• Unless otherwise provided with respect to the Securities of a series as contemplated by Section 2.01, no event of default that existed or was continuing on the date of any Payment Blocking Notice (whether or not such event of default is on the same issue of Designated Senior Debt) may be made the basis for the giving of a second Payment Blocking Notice, and only one such Payment Blocking Notice may be given in any 365-day period.

More Definitions of Blocking Notice

Blocking Notice has the meaning given it in Section 3.2 of this Agreement.

Blocking Notice has the meaning given to it in Clause 3.2.

Blocking Notice. Written notice from the Company that (i) an amendment or supplement to any Registration Statement (including an amendment or supplement required by Section 11 hereof), or a distribution of Registrable Securities under a Shelf Registration Statement, as applicable, would require the public disclosure of material non-public information concerning any transaction or negotiation involving the Company or any of its affiliates that, in the Company's judgment, exercised reasonably and in good faith, would materially interfere with such transaction or negotiations, or (ii) such amendment or supplement would otherwise require premature disclosure of non-public information that, in the Company's judgment, exercised reasonably and in good faith, would adversely affect or otherwise be detrimental to the Company.

Blocking Notice shall have the meaning set forth in Section 4 of the Registration Rights Agreement.

Blocking Notice has the meaning set forth in Section 12 (Blocking Periods).

Blocking Notice means a written notice to the effect that (i) a distribution of Shares or the filing or effectiveness of a Registration Statement, Prospectus, amendment or supplement, at such time would require the public disclosure of material nonpublic information concerning a transaction, proposed transaction or negotiations involving the Company or any of its affiliates that, in the Company's reasonable judgment, could interfere with such transaction, proposed transaction or negotiations or (ii) such distribution of Shares or the filing or effectiveness of a Registration Statement, Prospectus, amendment or supplement at such time otherwise would require premature disclosure of nonpublic information that, in the Company's reasonable judgment, could adversely affect or otherwise be detrimental to the Company.

Blocking Notice means any notice of exclusive control or notice of default (or any other similar notice) issued by the Security Agent in respect of the Collection Account pursuant to the relevant Account Control Agreement.