Liquidation Commencement Notice definition

Liquidation Commencement Notice means a notice from the Issuer in writing to the Disposal Agent, the Custodian and the Trustee of the occurrence of a Liquidation Event.
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Liquidation Commencement Notice means (i) a notice in writing to the Disposal Agent from the Issuer or the Trustee, as applicable, of the occurrence of a Liquidation Event and each Early Redemption Notice and Swap Termination Notice given or copied to the Disposal Agent shall constitute a Liquidation Commencement Notice for these purposes, (ii) with respect to a Liquidation Event relating to a failure to pay the Final Redemption Amount or any interest or Instalment Amount that became due and payable on the Maturity Date, a notice in writing to the Disposal Agent from the Issuer, the Trustee or any Noteholder of the occurrence of such Liquidation Event, and (iii) with respect to a Liquidation Event relating to a Swap Counterparty Bankruptcy Credit Event only, a notice in writing to the Disposal Agent from the Issuer, the Trustee or any Noteholder of the occurrence of such Liquidation Event.
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Liquidation Commencement Notice means a notice from the Issuer in writing to the Disposal Agent, the Custodian and the Trustee of the occurrence of a Liquidation Event. Any Early Redemption Notice and/or Swap Termination Notice given or copied to the Disposal Agent shall constitute a Liquidation Commencement Notice.
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Examples of Liquidation Commencement Notice in a sentence

  • Prior to receipt by it of a Liquidation Commencement Notice, the Disposal Agent may assume that no such event has occurred.

  • Notwithstanding the above, following the effective delivery of a valid Liquidation Commencement Notice to the Disposal Agent (copied to each of the other Transaction Parties) the Disposal Agent on behalf of the Issuer shall have the right to undertake any action as contemplated by the Conditions and the Agency Agreement as it considers appropriate, and any actions in furtherance thereof or ancillary thereto as they relate to the Collateral, without requiring any sanction referred to therein.

  • In accordance with the terms of the Trust Deed and Condition 4(d), following the occurrence of a Liquidation Event and delivery of a valid Liquidation Commencement Notice, the Security shall be released without further action on the part of the Trustee to the extent necessary for the Disposal Agent to effect the Liquidation of the Collateral.

  • Prior to receipt by it of a Liquidation Commencement Notice, the Disposal Agent may assume that no such event has occurred.Neither the Trustee nor the Enforcement Agent shall be required to monitor, enquire or satisfy itself as to whether any Liquidation Event has occurred or to calculate any Early Redemption Amount and shall have no obligation, responsibility or liability for giving or not giving any notice thereof to the Issuer, the Disposal Agent or any other Secured Creditor.

  • If such notice is delivered by one or more Noteholders and the Disposal Agent makes such verification, any Liquidation Commencement Notice delivered by the Issuer shall not be valid and the Disposal Agent shall not take any action in relation thereto if the Disposal Agent has already received a valid Liquidation Commencement Notice in respect of the same or a prior Liquidation Event or a valid Enforcement Notice from the Trustee.

  • The Disposal Agent shall be entitled to rely on a Liquidation Commencement Notice without investigation of whether the relevant Liquidation Event has occurred, save that in the case of notice from one or more Noteholders of the occurrence of a Swap Counterparty Bankruptcy Credit Event, the Disposal Agent shall be required to verify that such event has occurred by checking “www.isda.org” or any such successor website of The International Swaps and Derivatives Association, Inc.

  • In accordance with the terms of the Trust Deed and Condition 5(e) (Disposal Agent’s Right Following Liquidation Event), following the occurrence of a Liquidation Event and effective delivery of a valid Liquidation Commencement Notice, the Security shall be released without further action on the part of the Trustee to the extent necessary for the Disposal Agent to effect the Liquidation of the Collateral.

  • Upon the effective delivery of a valid Liquidation Commencement Notice to the Disposal Agent, the Security will automatically be released without further action on the part of the Trustee to the extent necessary to effect any Liquidation (as defined in Master Condition 13 (Liquidation)) of the relevant Mortgaged Property, provided that nothing in this Clause 5.4 will operate to release the charges and other security interests over the proceeds of the Liquidation of the Mortgaged Property.

  • That Council elect the Council representatives for the Audit Committee (noting that the Committee is chaired by an independent community member, Mr. John Gordon - Audit Committee).

  • The Disposal Agent shall be entitled to rely on a Liquidation Commencement Notice without investigation of whether the relevant Liquidation Event has occurred.


More Definitions of Liquidation Commencement Notice

Liquidation Commencement Notice means a notice from the Issuer or the Calculation Agent in writing to the Disposal Agent, the Custodian and the Trustee of the occurrence of a Liquidation Event, which may be in respect of the Series or of one or more Early Redeeming Classes of Notes. Any Early Redemption Notice and/or Swap Termination Notice given or copied to the Disposal Agent shall constitute a Liquidation Commencement Notice.
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Liquidation Commencement Notice means a written confirmation from the Issuer to the Disposal Agent, the Custodian, the Trustee, the Managers’ Trustee and the Original Collateral Obligor Trustee, confirming in good faith and in a commercially reasonable manner that a Liquidation Event has occurred and providing publicly available information of the occurrence of such event.
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Liquidation Commencement Notice means, in respect of any Series of Notes, the earliest to be received by the Disposal Agent of:
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Liquidation Commencement Notice means a written confirmation from the Issuer to the Disposal Agent, the Custodian, the Trustee, the Managers’ Trustee and the Original Collateral Obligor Trustee,
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Related to Liquidation Commencement Notice

  • Commencement Notice means a written notice, given by any Secured Party to the other Secured Parties in accordance with the notice provisions set forth in the Securities Purchase Agreement, pursuant to which such Secured Party notifies the other Secured Parties of the existence of one or more Events of Default and of such Secured Party’s intent to commence the exercise of one or more of the remedies provided for under this Agreement with respect to all or any portion of the Collateral as a consequence thereof, which notice shall incorporate a reasonably detailed description of each Event of Default then existing and of the remedial action proposed to be taken.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Offering Commencement Date means the first day of each Offering Period.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • improvement notice means the notice issued by the Authority to the Supplier pursuant to Clause 32.1.3 (Authority Remedies) which will detail how the Supplier shall improve the provision of the Goods and/or Services;

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • 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.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Initial Offering Period means the initial period during which a Series of the Trust will offer its Shares prior to the commencement of investment operations of such Series;

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Billing Commencement Date means the earlier of:

  • Notice-triggering PI means the PI identified in CCC § 1798.29(e) whose 25 unauthorized access may trigger notification requirements under CCC § 1709.29. For purposes of this 26 provision, identity shall include, but not be limited to, name, identifying number, symbol, or other 27 identifying particular assigned to the individual, such as a finger or voice print, a photograph or a 28 biometric identifier. Notice-triggering PI includes PI in electronic, paper or any other medium.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Issuer Call Commencement Date means the date specified as such in the definition of the relevant Series in the applicable Final Terms;

  • Annuity Commencement Date is the first day of the month an annuity begins under this contract. This date may not be later than the date a Participant's periodic benefits are required to commence under the Code.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

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

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Framework Commencement Date means [insert date dd/mm/yyyy];