Cessation Notice definition

Cessation Notice has the meaning given in Section 15.3 (Cessation of Loan Facility Declared Default) of the Common Terms Agreement.

Cessation Notice means a notice given by the Canadian Facility Agent to the Canadian Swing Line Lender, upon the instruction of the Required Tranche 2 Lenders, in the event that an Event of Default has occurred and is continuing and directing the Canadian Swing Line Lender not to make further Canadian Swing Line Loans from and after the date thereof or as otherwise set forth therein.

Cessation Notice has the meaning given in Section 8.5.

Examples of Cessation Notice in a sentence

• A Negotiation Cessation Notice must identify the reasons for DBCT Management’s decision not to enter into an Access Agreement with the Access Seeker.

• If the Access Seeker reasonably considers that DBCT Management has improperly given it a Negotiation Cessation Notice, then (provided that Section 5.8(c)(1), 5.8(c)(2) or 5.8(c)(3) do not apply) the Access Seeker may refer the matter to dispute resolution in accordance with Section 17.

• Subject to any dispute on the matter being otherwise determined, DBCT Management may recover its reasonable costs incurred in negotiations with the Access Seeker where it ceases negotiations in accordance with a Negotiation Cessation Notice validly issued under this Section 5.8. The Access Seeker may refer a Dispute about the recovery of these costs to dispute resolution in accordance with Section 17 of this Undertaking.

• This Agreement shall continue with respect to such Common Use Facilities which are not specifically terminated by delivery of a Cessation Notice until such time as a Cessation Notice is delivered with respect to any remaining Common Use Facilities.

• Upon delivery of a Cessation Notice, the applicable Loan Facility Declared Default shall be deemed not to be Continuing.

More Definitions of Cessation Notice

Cessation Notice has the meaning given in Clause 18.3.1;

Cessation Notice. Section 11.6.2 “Co-Chair” Section 3.6.3.1 “Commercialization Plan” Section 6.1.4

Cessation Notice has the meaning set forth in Section 10.03 of this Agreement.

Cessation Notice is defined in Section ‎15.2.4(a).

Cessation Notice means a notice given by the Agent to the Overdraft Lender, on the instructions of the Majority Lenders as contemplated by Section 9.9 (c)(vi), to the effect that an Event of Default has occurred and is continuing and directing the Overdraft Lender not to make further Overdraft Availments from and after the date thereof or as otherwise set forth therein.

Cessation Notice. A Cessation Notice shall be effective upon receipt thereof by the Borrower or the Partnership and the Default to which such notice relates shall be deemed no longer to be Continuing for all purposes hereunder.

Cessation Notice has the meaning set forth in Section 4.05(d).