Lender Election definition

Lender Election means, with respect to the relevant Securities Lending Transaction, an election and instruction on the exercise of the relevant right(s) of the Lender Clearing Member as the holder of the relevant Underlying Security or Underlying Securities (assuming such Underlying Securities were retained by the Lender Clearing Member), stating the Intended VCA Settlement Date.

Lender Election has the meaning specified therefor in Section 2.5(c)(ii).

Lender Election means, with respect to the relevant Securities Lending Transaction, an election and instruction on the exercise of the relevant right(s) of the holder of the relevant Underlying Security or Underlying Securities, stating the Intended Settlement Date.

Examples of Lender Election in a sentence

• In the case of a right which may be exercised in more than one manner, the Lender Clearing Member shall specify in the Lender Election how the right(s) shall be exercised.

• Pursuant to the terms of the Exit Term Loan Facility the Exit Term Loan Lenders shall make the Exit Term Loan Lender Election on or prior to the Effective Date and shall receive either the (1) the Stripes Stock and the Stripes PIK Debt or (2) the MF Holdco Stock and the MF Holdco PIK Debt on the Effective Date.

• If the VCA Exercise Amount is not paid prior to the close of business on the Intended VCA Settlement Date in accordance with this sub-paragraph (A), the Lender Election and Outturn Instruction becomes invalid and an Outturn shall be processed at the close of business on the Intended VCA Settlement Date in accordance with the Market Default.

• If the Lender Clearing Member does not submit a Lender Election and Outturn Instruction, Number 2.4.1 Paragraph (2) (d) applies.

• Subject to Paragraph (2) (c), the Lender Clearing Member may, with respect to each Securities Lending Transaction to which a Voluntary Reorganisation relates, submit a Lender Election prior to or after the Eurex Clearing Deadline but no later than by the only until the applicable Eurex Clearing Outturn Instruction Deadlineearlier of (i) the relevant Distribution Settlement Date and (ii) the close of business on the second Business Day preceding the relevant Intended Settlement Date.

• The Lender Election and Outturn Instruction (as well as any rejection or dispute by the Borrower Clearing Member) shall, however, lapse upon the occurrence of the Termination Event or Insolvency Termination Event and Termination Date.

• As long as no Dispute Resolution Procedure has been commenced, the Lender Clearing Member may submit(aa) a Lender Election and/or Outturn Instruction; or(bb) if the Lender has already submitted an Outturn Instruction in apreliminary indicative form (labelled “subject to change”), update such Outturn Instruction, in each case through the VCA Input System and no later than on the Termination Date.

• It will take about 10 billion years for approximately percent of the original hydrogen in the core to be converted into helium.8. The energy created in the core of the sun takes on the order of years to travel through its interior and finally escape from the "surface." Thereafter, only about minutes elapses before that same energy reaches the Earth, 93 million miles (150 million km) away.

• The Lender Election and Outturn Instruction (as well as any rejection or dispute by the Borrower Clearing Member) shall, however, lapse upon the occurrence of theTermination Event orInsolvency Termination Event and relevant Termination Date (in the case of a termination pursuant to Number 2.7.2 Paragraph (1)).

• The Debtors anticipate that the transactions contemplated by the Plan will result in an “ownership change” of the Reorganized Debtors for these purposes (whether or not the Exit Term Loan Lender Election is made).

More Definitions of Lender Election

Lender Election means, in the event the Company Parties do not receive Qualified Bids (as defined in the Bidding Procedures) greater than or equal in value to the Reserve Price, the Required Consenting Term Lenders’ election to pursue (a) an Equitization Restructuring and cancellation of the Auction (as defined in the Bidding Procedures), or (b) an Auction as contemplated in Section 4 of this Agreement.

Lender Election means an election, substantially in the form of Exhibit A hereto, duly completed by a Lender.

Lender Election means an election, substantially in the form of Exhibit A hereto, duly completed by a Lender. “Security Agreement Reaffirmation” means an agreement substantially in the form of Exhibit C hereto. “Guaranty Reaffirmation” means an agreement substantially in the form of Exhibit D hereto.