IP Completion Date definition

IP Completion Date means the date on which Parent and the Loan Parties have satisfied their respective obligations under Section 5.5(e) of the Guaranty and Security Agreement with respect to each Specified Jurisdiction existing as of the Closing Date.
Sample 1Sample 2Sample 3
IP Completion Date means 11pm UK time on 31 December 2020.As at the Closing Date, the Risk Retention will comprise the Retention Holder holding the VRR Loan Note representing not less than 5 per cent. of the nominal value of each tranche sold or transferred to investors on the Closing Date, as required by Article 6 of each of the Securitisation Regulations. Any change in the manner in which the interest is held may only be made in accordance with the applicable laws and regulations and will be notified to the Noteholders. See the section entitled “EU and UK Risk Retention Requirements” for further information.U.S. Credit Risk Retention This securitisation transaction will be subject to the creditrisk retention requirements of Section 15G of the Exchange Act as added by Section 941 of the Dodd-Frank Act (the “U.S. Credit Risk Retention Requirements”). The Retention Holder, as "sponsor" for purposes of theU.S. Credit Risk Retention Requirements as implemented pursuant to Regulation RR (17 CFR § 246.1 et seq.) (“U.S. Regulation RR”), is required to acquire and retain (either directly or through a majority owned affiliate) at least 5 per cent. of the credit risk of the securitized assets in this transaction. The Retention Holder intends to satisfy theU.S. Credit Risk Retention Requirements on the Closing Date by acquiring and retaining (directly or through a majority-owned affiliate) a “single vertical security” (as defined in U.S. Regulation RR) that is an “eligible vertical interest” (as defined in U.S. Regulation RR) in the Issuer, in the form of the VRR Loan Note. The VRR Loan Note will represent at least 5 per cent. of all “ABS interests” (as defined in U.S. Regulation RR) in the Issuer and will entitle the Retention Holder to a specified percentage of the amounts paid on each other class of ABS interests issued by the Issuer.The percentage of the aggregate principal balance of all “ABS interests” issued by the Issuer as of the Closing Date
Sample 1
IP Completion Date means 31 December 2020 at 11pm, as defined in section 39 of the European Union (Withdrawal Agreement) Act 2020
Sample 1

Examples of IP Completion Date in a sentence

  • However, absent an extension to the Implementation Period or changes to the ECB’s eligibility criteria, and in the absence of guidance to the contrary, it seems likely that such eligibility will end on the IP Completion Date when the UK is no longer deemed to be a member state or part of the EEA.


More Definitions of IP Completion Date

IP Completion Date means 11pm UK time on 31 December 2020.
Sample 1

Related to IP Completion Date

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Final Completion Date means the date on which Final Completion occurs.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Completion Deadline means the date by which the Arrangement is to be completed, which date shall be April 30, 2014 or such later date as may be agreed to in writing by the Parties;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Time of Completion means the time for completing the execution of and passing the Tests on Completion of the Works of any section or part thereof as stated in the Contract (or as extended under Clause...) calculated from the Commencement Date

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Successful Completion means that in the reasonable opinion of the Customer, Deliverables completed by the Supplier are fit for purpose, completed on time and otherwise meet all the criteria defined under this Contract;

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.