Guarantor Acceleration Notice definition

Guarantor Acceleration Notice means a notice in writing from the Bond Trustee to the Issuer and the Guarantor, that each Covered Bond of each series is immediately due and repayable and that all amounts payable by the Guarantor in respect of its guarantee shall thereupon immediately become due and payable;
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Guarantor Acceleration Notice has the meaning given to it in Condition 7.02 (Guarantor Events of Default);
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Guarantor Acceleration Notice has the meaning given in Condition 9.2 (Guarantor Events of Default) of the Terms and Conditions; Guarantor Accounts means the GDA Account and the Transaction Account and any additional or replacement accounts opened in the name of the Guarantor from time to time with the prior consent of the Bond Trustee, including the Stand-By GDA Account and Stand-By Transaction Account 17012-00007 ICM:0000000.2 Guarantor Activities means the activities of the Guarantor described in Section 2.3 (Guarantor Activities) of the Guarantor Agreement;
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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.

Related to Guarantor Acceleration Notice

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Extension Notice has the meaning specified in Section 308.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Specified Event of Default means an Event of Default pursuant to Sections 8.1(a), 8.1(b) (with respect to Section 7.1 only) or 8.1(c).

  • Acceleration Request means a request pursuant to Operating Agreement, Schedule 1, section 1.9.4A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.9.4A, to accelerate or reschedule a transmission outage scheduled pursuant to Operating Agreement, Schedule 1, section 1.9.2 or Operating Agreement, Schedule 1, section 1.9.4, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.9.2 or Tariff, Attachment K-Appendix, section 1.9.4.

  • Additional Termination Event has the meaning specified in Section 5(b).