Irrevocable Direction definition

Irrevocable Direction means the written irrevocable direction executed by the Corporation, to be delivered to the Subscription Receipt Agent pursuant to Section 3.1, substantially in the form set forth in Schedule 1.1(bb);
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Irrevocable Direction means a letter or other writing from the Borrower, as beneficiary under the Trust Documents, to each of the lessors under the Approved Leases (in their capacities as trustees under the Trust Documents) containing: (a) irrevocable (except with the consent of the Administrative Agent) instructions to each such lessor to direct the tenants under the Approved Leases to make payments under the Approved Leases in accordance with instructions given to such tenants by the Administrative Agent and (b) irrevocable (except with the consent of the Administrative Agent) instructions to each such lessor not to take any action under the Trust Documents or otherwise with respect to the Mortgaged Properties, Approved Leases, or any payments or other mattes associated therewith xxthout the express written consent of the Administrative Agent; provided, that such letter or writing shall be in such form as may be required by the terms of the Trust Documents and by the lessor(s) as trustee(s) thereunder and shall otherwise be in form and substance acceptable to the Administrative Agent.
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Irrevocable Direction has the meaning ascribed thereto in the Subscription Receipt Agreement; (uu) IFRS” means International Financial Reporting Standards;
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Examples of Irrevocable Direction in a sentence

  • Seller shall send Irrevocable Direction Notices and cause all applicable Persons to deposit all Income in respect of the Purchased Assets into the Waterfall Account in accordance with Section 5.01 hereof on the day the related payments are due and payable.

  • Each of Starwood and Counterparty hereby agrees that pursuant to the Irrevocable Direction Letter, dated as of the date hereof (the “Direction Letter”), Counterparty will make all payments represented by the Transaction otherwise due to Starwood under or pursuant to the terms of the Confirmation to Xxxxx Fargo in accordance with written instructions set forth therein.

  • By: Name: Title: By: Name: Title: By: Name: Title: [ ] [ ], 20[ ] [HEDGE COUNTERPARTY] Re: ISDA Agreement and Master Repurchase and Securities Contract (each as defined below) Ladies and Gentlemen: This Irrevocable Direction Letter is hereby transmitted by Starwood Property Trust, Inc.

  • Borrower, as holder of the beneficiary interests under the Trust Documents, shall have delivered an Irrevocable Direction to each lessor under the Approved Leases.

  • Further, upon, or anytime after, an Event of Default (including any event that would constitute an Event of Default with the giving of notice, passage of time or happening of any further condition, event or act), Lender may at its sole discretion deliver the Property Manager’s Irrevocable Direction of Payment executed by the Property Manager simultaneous with the Assignment of Property Management Agreement and attached thereto as Exhibit “C”.

  • Upon Lender’s delivery of the Property Manager’s Irrevocable Direction of Payment, the Property Management Fees shall be forthwith delivered to or at the direction of Lender for application to the Obligations.

  • Seller shall send Irrevocable Direction Notices and cause all applicable Persons to deposit all Income in respect of the Purchased Assets into the Waterfall Account in accordance with Section 5.01 hereof on the day the related payments are due.

  • Lender shall have received a Trust Receipt and an Irrevocable Direction Notice with respect to the applicable Mortgage Loan.

  • Trades settling after the date the Escrow Conditions are satisfied and the Release Notice and Irrevocable Direction have been delivered in accordance with Section 3.1 shall be completed by the delivery of Common Shares and Warrants.

  • Applications for direct payment to third party service providers will be considered only if a Schedule ‘E’ Irrevocable Direction to Pay, has been completed.


More Definitions of Irrevocable Direction

Irrevocable Direction means a direction to the Receipt Agent and the Transfer Agent signed by the Company, substantially in the form of Schedule “B“ attached hereto to be delivered to the Receipt Agent and the Transfer Agent pursuant to Section 3.1 and Section 3.5 hereof;
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Irrevocable Direction shall have the meaning set forth in Section 4.32(a)
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Irrevocable Direction has the meaning given to it in Section 3.1;
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Irrevocable Direction means the written irrevocable direction of the Corporation, to be delivered to the Subscription Receipt Trustee pursuant to Section 3.3 herein, substantially in the form set forth in Schedule B hereto;
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Irrevocable Direction means a letter or other writing from the Borrower or other Loan Party to a tenant/lessee under a lease containing irrevocable (except with the consent of the Administrative Agent) instructions to such tenant/lessee to make all payments (whether constituting rent or any other payment) due under such lease to an account designated by the Administrative Agent to the Borrower and advising such tenant/lessee that the approval of the Administrative Agent shall be necessary (a) for any future material modifications, amendments, waivers or any other changes to the lease, (b) for any changes to the rental or other payments due from lessee thereunder, (c) for any change in the term of such lease and (d) for any increase in the obligations of the landlord under such lease.
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Irrevocable Direction means the written irrevocable direction to be delivered by the Corporation to the Trustee substantially in the form of Schedule "F" hereto authorizing and directing the Trustee to release the Escrowed Funds in accordance with Sections 2.4(l)(ii) and 2.4(l)(iii);
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Related to Irrevocable Direction

  • Irrevocable Proxy means the agreement appointing the Platform or an affiliate of the Platform as the sole and exclusive attorney and proxy of the Investor, with full power of substitution and re-substitution, to vote and exercise all voting and related rights with respect to all of the securities of the Company that now are or hereafter may be beneficially owned by Investor.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Irrevocable Transfer Agent Instructions means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.

  • Irrevocable Letter of Credit means an irrevocable letter on the financial institution’s standard form containing a request that the party to whom it is addressed pay the bearer or a person named therein money as a result of failure to perform or fulfill all the covenants, undertakings, terms, conditions and agreements contained in a contract.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Payment Election means an election pursuant to Section 5.1.

  • Primary election means any regular primary election held under the election

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Irrevocable trust means a trust over which no person holds a power of revocation. A power holder's lack of capacity to exercise a power of revocation negates the power of revocation unless an agent of the power holder under a durable power of attorney, a conservator of the power holder, or a plenary guardian of the power holder is serving and the agent, conservator, or guardian is authorized to exercise the power of revocation.

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Regular general election means the election held throughout the state on the first

  • General election means an election held in the Commonwealth on the Tuesday after the first

  • Local election means a regular county election, a regular municipal election, a

  • Notice of Revocation means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • Revocable as applied to a trust, means revocable by the settlor without the consent of the trustee or a person holding an adverse interest.

  • Authorization Form means a form specified in s. 440.73.

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • Administrative Instructions means the Administrative Instructions under the Treaty;

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Special election means an election held as authorized by Section 20A-1-203.

  • Notice of Account Designation has the meaning assigned thereto in Section 2.3(b).

  • Notice of Election means the one or more notices of election (in such form as the Manager may approve) which the Manager will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the Distribution Reinvestment Plan.

  • Letter of Transmittal and Election Form means the letter of transmittal and election form for use by the Corporation Shareholders with respect to the Arrangement;