Collateral Manager Termination Event. The occurrence of any one of the following:
Collateral Manager Termination Event means the occurrence of any of the events, acts or circumstances set forth in Section 6.03.
Collateral Manager Termination Event wherever used herein, means any one of the following events (whatever the reason for such Collateral Manager Termination Event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Examples of Collateral Manager Termination Event in a sentence
The Collateral Custodian may rely conclusively on and shall be fully protected in acting upon (a) the written instructions of any designated officer of the Administrative Agent or, prior to the occurrence of an Event of Default or Collateral Manager Termination Event, the Collateral Manager or (b) the verbal instructions of the Administrative Agent or, prior to the occurrence of an Event of Default or Collateral Manager Termination Event, the Collateral Manager.
The Administrative Agent may, in its discretion after the occurrence of a Collateral Manager Termination Event or an Event of Default, send notification forms giving each relevant administrative agent or Obligor, as applicable, notice of the Secured Parties’ interest in the Collateral and the obligation to make payments as directed by the Administrative Agent.
More Definitions of Collateral Manager Termination Event
Collateral Manager Termination Event. As defined in Section 7.10.
Collateral Manager Termination Event means (a) the resignation, removal or termination of the Collateral Manager under the Collateral Management Agreement at any time for any reason; or (b) any event shall occur that shall permit the Collateral Manager to be replaced pursuant to the Collateral Management Agreement.
Collateral Manager Termination Event means (a) the resignation, removal or termination of the Collateral Manager under the Collateral Management Agreement at any time for any reason; or (b) any event shall occur that shall permit the Collateral Manager to be replaced pursuant to the Collateral Management Agreement; or (c) or Collateral Management Agreement expires, is terminated or otherwise for any reason ceases to be in full force and effect.
Collateral Manager Termination Event hereunder: (a) any failure by the Collateral Manager to make any payment, transfer or deposit into any Controlled Account as required by the Transaction Documents within four (4) Business Days after the date that such payment, transfer or deposit is required to be made; or (b) any failure by the Collateral Manager to deliver any report, notice, certificate or financial statement required to be delivered by it under Section 6.08, 6.09 or 6.10 on or before the date that is the later of (i) five (5) Business Days after the date that such report, notice, certificate or financial statement is required to be delivered or (ii) the earlier of (A) ten (10) Business Days after the date that such report, notice, certificate or financial statement is required to be delivered or (B) 3 Business Days after notice from the Administrative Agent that such failure has occurred, which notice, for the avoidance of doubt, may be delivered within the five (5) Business Day period set forth in clause (i) above; or (c) except as otherwise provided in this definition, a default in any material respect (or, if qualified as to materiality or Material Adverse Effect, in all respects) in the performance, or breach in any respect, of any covenant or agreement of the Collateral Manager under any Transaction Document to which it is a party, or the failure of any representation or warranty of the Collateral Manager made in any Transaction Document to be correct, in each case, in all material respects (or, if qualified as to materiality or Material Adverse Effect, in all respects) when the same shall have been made, and the continuation of such default, breach or failure for a period of ten (10) Business Days; or (d) any Bankruptcy Event with respect to the Collateral Manager; or
Collateral Manager Termination Event means the occurrence of any one or more of the following events:
Collateral Manager Termination Event. The occurrence of any one of the following: (a) any failure on the part of the Collateral Manager to duly observe or perform in any material respect the covenants or agreements of the Collateral Manager set forth in any Transaction Document to which the Collateral Manager is a party, which failure -12- USActive 55348338.2 continues unremedied for a period of thirty (30) days after the earlier to occur of (i) the date on which written notice of such failure shall have been delivered to the Collateral Manager by the Administrative Agent or the Borrower, and (ii) the date on which a Responsible Officer of the Collateral Manager acquires actual knowledge thereof; (b) an Insolvency Event shall occur with respect to the Collateral Manager; (c) the occurrence of a Change of Control with respect to the Collateral Manager; (d) the occurrence of an Event of Default; (e) any representation, warranty or certification made by the Collateral Manager in any Transaction Document or in any certificate delivered pursuant to any Transaction Document shall prove to have been incorrect when made, which inaccuracy has a Material Adverse Effect on the Lenders and which continues to be unremedied for a period of thirty (30) days after the earlier to occur of (i) the date on which written notice of such inaccuracy shall have been given to the Collateral Manager by the Administrative Agent or the Borrower and (ii) the date on which a Responsible Officer of the Collateral Manager acquires actual knowledge thereof; (f) the occurrence or existence of any change with respect to the Collateral Manager which has a material and adverse effect on the Collateral Manager’s ability to perform its obligations under the Transaction Documents; (g) any failure by the Collateral Manager to deliver any Required Reports (other than any Required Reports not yet received by the Collateral Manager) required to be delivered by the Collateral Manager hereunder on or before the date occurring ten (10) Business Days after written notice of such failure or such request is delivered to the Collateral Manager by the Administrative Agent; (h) the failure of the Collateral Manager to make any payment when due (after giving effect to any related grace period) with respect to any borrowed money which exceeds $5,000,000 in the aggregate, or the occurrence of any event or condition that has resulted in the acceleration of such borrowed money, whether or not waived; (i) the rendering against the Collateral Manager o...
Collateral Manager Termination Event. The occurrence of any one of the following: USActive 57310676.6USActive 60324964.3