Debtor Notice definition

Debtor Notice means the notice (mededeling) of the Pledge to an Intercompany Debtor, substantially in the form of Schedule 3 (Form of Intercompany Debtor Notice) hereto or any other form acceptable to the Pledgee; Receivables means all present and future rights and claims (vorderingen op naam) against a person to which the Pledgor is or will become entitled, regardless whether such rights and claims are present or future, contractual or non-contractual, actual, conditional, contingent, matured or not matured, but excluding (i) any receivables that have been pledged or assigned (or which are to be pledged or assigned) to the Pledgee or any other Finance Party under another Transaction Security Document, and (ii) any receivable (other than an Intercompany Receivable) whose terms provide that the relevant receivable is incapable of being, or not permitted to be, made subject to security;
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Debtor Notice as used herein shall mean and refer to a written notice from debtor that: (1) contains a statement of Debtor’s intention to exercise rights under this section; (2) includes a description of the act or failure to act that Debtor contends gave rise to rights under this section; (3) specifies the steps that Debtor contends must be taken to cure such act or failure to act; and (4) is served on the Management Company, the Management Condominium Owners Association.
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Debtor Notice means a written notice by the Company or a Lockbox Obligor to an Account Debtor in form and substance satisfactory to Agent which, among other things, shall direct such Account Debtor to make payments on Accounts directly to the Lockbox (or in the case of payments by wire transfer, the Collateral Account), and mail all such payments directly to the Lockbox.
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Examples of Debtor Notice in a sentence

  • In such event, ▇▇▇▇▇ may, upon prior written notice to Parent, provide each Account Debtor with the Account Debtor Notice of such Seller and further notify each Account Debtor of the sale of the Purchased Receivables and request that such Account Debtors (1) acknowledge receipt of such notification in writing; and (2) make payments to an account designated by ▇▇▇▇▇.

  • At the request of SHF, Client and SHF shall notify each person liable on a Purchased Account (an “Account Debtor”) by letter (each an “Account Debtor Notice Letter”) in a form acceptable to SHF that Purchased Accounts owed by such Account Debtor have been assigned and are payable to SHF.

  • If Client receives any payments of any Purchased Accounts despite delivery of such Account Debtor Notice Letters, Client shall (i) immediately notify SHF of such payment, (ii) hold such payment in trust and safekeeping for SHF, and (iii) immediately turn over to SHF the identical checks, monies or other forms of payment received, with any necessary endorsement or assignment.

  • The form and content of the Account Debtor Notice shall be as set out in Schedule 5 (Form of Account Debtor Notice).

  • Should the Supporting Materials be insufficient for Secured Party's review, Secured Party agrees to notify Debtor ("Secured Party Request") within three (3) business days of receipt of the Debtor Notice and Debtor shall, thereupon, use its best efforts to deliver all such supporting documents within three (3) days of receipt of the Secured Party Request.

  • Should the Supporting Materials be insufficient for Secured Party's review, Secured Party agrees to notify Debtor (the "Secured Party Request") within three (3) business days of receipt of the Debtor Notice and Debtor shall, thereupon, use its best efforts to deliver all such supporting documents within three (3) days of receipt of the Secured Party Request.

  • Upon the occurrence of a Termination Event, Wells ma▇, ▇▇ter providing notice to the Seller, deliver, or cause the Servicer to deliver, an Account Debtor Notice to each Account Debtor.


More Definitions of Debtor Notice

Debtor Notice. “Eligible Accounts”, “Eligible Inventory”, “Existing Debt”, “Lockbox”, “Lockbox Agreement”, “Lockbox Obligors”, “Request for Revolving Credit Advances”, “Revolving Credit”, “Revolving Credit Advance”, “Revolving Credit Aggregate Commitment”, “Revolving Credit Notes” and “Subordinated Convertible Notes” in their entireties.
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Related to Debtor Notice

  • Term SOFR Notice means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

  • Class Notice means the COURT APPROVED NOTICE OF CLASS ACTION SETTLEMENT AND HEARING DATE FOR FINAL COURT APPROVAL, to be mailed to Class Members in English with a Spanish translation in the form, without material variation, attached as Exhibit A and incorporated by reference into this Agreement.

  • Extension Notice has the meaning specified in Section 3.08.

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

  • Investor Notice means written notice from any Investor notifying the Company and the selling Key Holder(s) that such Investor intends to exercise its Secondary Refusal Right as to a portion of the Transfer Stock with respect to any Proposed Key Holder Transfer.