Enforcement Transfer definition

Enforcement Transfer means any transfer of any Charged Shares on the enforcement by the chargee of its security, whether such transfer is to the chargee, to its nominee or to any other person;

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Enforcement Transfer means any transfer of BREP’s interest in any BREP Property or the BREP Equity pursuant to a Foreclosure Proceeding, by sale or assignment in an Insolvency Proceeding or by a Transfer in Lieu.

Enforcement Transfer has the meaning specified in Section 6.14.

Examples of Enforcement Transfer in a sentence

• By signing and accepting this Consent and Agreement, the Company and the Secured Parties acknowledge and agree that the Project Party shall be entitled to terminate the Assigned Agreement (but shall not be relieved of any liabilities existing thereunder at the time of termination) if an Enforcement Transfer has occurred.

• Any exercise of Collateral Agent’s rights to cure hereunder shall not, by itself, result in the assumption by Collateral Agent of BREP’s obligations under the Contract Documents unless and until an Enforcement Transfer occurs or Collateral Agent otherwise gains management rights or control over the Contract Documents.

• However, the CWA allows municipalities to delegate enforcement of their Part IV responsibilities to another municipality, a board of health, planning board or Source Protection Authority (SPA) using a formal Source Protection Plan Part IV Enforcement Transfer Agreement.

• The California Department of Justice (DOJ) is seeking to obtain one (1) full-time Project Manager consultant to conduct project management activities on the Microstamping and Law Enforcement Transfer (M-LET) Project in complying with - legislation that includes Assembly Bill (AB) 2699 (Chapter 289, Statutes 2020) and possibly AB 2847 (Chapter 292, Statutes of 2020): (which is currently on hold).

More Definitions of Enforcement Transfer

Enforcement Transfer means the transfer |in ownership, in one or more ^| transactions, of (i) all of the barge mounted fuel ^| oil-fired power stations then owned by the Company or (ii) all of the Capital Stock of the Company owned, directly or indirectly, by Affiliates of the Project Party, in each case, to a Person or Persons other than the Project Party or an Affiliate thereof and pursuant to the exercise by or on behalf of any of the Senior Project Lenders of their rights and remedies under the Senior Debt Agreements. 1,2 In furtherance of the foregoing clause (ii), the Project Party agrees that, notwithstanding anything contained in the Assigned Agreement to the contrary, if physical possession of the Project or any portion thereof is necessary to cure any default (other than a payment default) referred to in such clause (ii) and the Collateral Trustee, OPIC, MARAD or any of the other Secured Parties or their designee(s) or assignee(s) commences proceedings or other actions necessary to obtain or secure such possession of the Project within the applicable 120-day period for the Secured Parties, then the Project Party will not take any action to terminate or suspend the Assigned Agreement on account of such default so long as the Collateral Trustee, OPIC, MARAD or such other Secured Party or their designee(s) or assignee(s) diligently pursues such proceedings or other actions necessary to obtain or secure such possession of the Project and all payment defaults of the Company under the Assigned Agreement have been cured. The Collateral Trustee and the Secured Parties determination that a default under the Assigned Agreements is of such a nature that it cannot practicably be cured without first taking possession of or obtaining entry to the Facility shall, if reasonably made in good faith, be binding on the Project Party, the Collateral Trustee and the Secured Parties (and their agents, assignees or designees). The Collateral Trustee shall provide notice to the Project Party promptly after the commencement of any such proceeding or the taking of any such other action, provided that the failure of the Collateral Trustee to provide such notice shall not affect the effectiveness of any such proceeding or action. If the Secured Parties are prohibited by any process or injunction issued by any court or by reason of any action by any court having jurisdiction of any bankruptcy or insolvency proceedings involving the Company, from commencing or prosecuting foreclosure or other appr...

Enforcement Transfer means the transfer in ownership, in one or more transactions, of (i) all of the barge mounted fuel oil fired power stations then owned by the Company or (ii) all of the Capital Stock of the Company owned, directly or indirectly, by Affiliates of the Project Party, in each case, to a Person or Persons other than the Project Party or an Affiliate thereof and pursuant to the exercise by or on behalf of any of the Senior Project Lenders of their rights and remedies under the Senior Debt Agreements. No curing of or attempt to cure any of the Company’s defaults under the Assigned Agreement shall be construed as an assumption by the Collateral Trustee, OPIC, MARAD or any other Secured Party of any covenants, agreements or obligations of the Company under the Assigned Agreement.

Enforcement Transfer has the meaning given to it in Clause 4.1.1(A).