Examples of Guarantor Default Notice in a sentence
Notwithstanding anything herein to the contrary, in no event will a Guarantor Blockage Period extend beyond 180 days after the receipt by the Trustee of the Guarantor Default Notice and only one such Guarantor Blockage Period may be commenced within any 360 consecutive days.
In the event the Representative of holders of both Designated Guarantor Senior Debt and Designated Senior Debt has given a Guarantor Default Notice to the Company pursuant to the terms of Section 11.10 hereof, such Representative will be deemed to have concurrently given a Default Notice hereunder.
If the Extraordinary Resolution is passed, a more conservative formula for calculation of the Amortisation Test, providing for an additional overcollateralisation, will be implemented.Breach of the Amortisation TestThe breach of the Amortisation Test currently triggers an acceleration of any and all Series of Covered Bonds (notified to the parties through a Guarantor Default Notice).
In the event that the Representative of holders of both Designated Guarantor Senior Debt and Designated Senior Debt has given a Default Notice to the Company pursuant to the terms of Section 10.12 hereof, such Representative will be deemed to have concurrently given a Guarantor Default Notice hereunder.