Examples of Guarantor Acceleration Notice in a sentence
Unless a Guarantor Acceleration Notice has been served, the Bond Trustee shall not have any right to the collection of dividends on, or exercise any option or right (including any right to vote, give consents, ratifications or waivers) in connection with, any Pledged Securities.
Upon a Guarantor Acceleration Notice being served, all rights of the Guarantor to vote the Pledged Securities and to give consents, ratifications or waivers and to receive dividends in respect of the Pledged Securities shall cease and all such rights shall become vested solely and absolutely in the Bond Trustee.
The Cover Pool Monitor’s appointment under this Agreement will terminate upon the earlier of the occurrence of (i) a Guarantor Event of Default and service of a Guarantor Acceleration Notice, or (ii) the repayment in full of all amounts outstanding in relation to all Covered Bonds.
Following the service of a Guarantor Acceleration Notice on the Guarantor, the Bond Trustee may serve a notice of termination (copied to the Rating Agencies) at any time.
Payments of Guaranteed Amounts in accordance with the Post-Guarantor Events of Default Priority will only be made after presentation of a properly completed Guarantor Acceleration Notice signed by the Representative of the OBG Holders.
Following the occurrence of a Guarantor Event of Default and the service of a Guarantor Acceleration Notice, all OBG of all Series will accelerate in accordance with the Conditions against the OBG Guarantor, becoming due and payable, and they will rank pari passu amongst themselves and the Available Funds shall be applied in accordance with the Post- Guarantor Events of Default Priority.