Manager Termination Notice definition

Manager Termination Notice. A written notice to be provided to the Manager pursuant to Section 405 of this Indenture and Section 10.02 of the Management Agreement.

Manager Termination Notice has the meaning set forth in Section 8.1 hereof.

Manager Termination Notice. This term is defined in Section 9.2 of the Management Agreement.

Examples of Manager Termination Notice in a sentence

• Each Collateral Manager Termination Notice shall designate the replacement Collateral Manager, who shall be selected by the Administrative Agent in its sole discretion, provided that, notwithstanding any other provision set forth herein or in any other Transaction Document, no such replacement Collateral Manager shall have any ability to direct the Borrower (or the Collateral Agent on behalf of the Borrower) to purchase any Loan, Permitted Investment or other asset.

• Section 7 ensures that Clearing and Settlement occurs through the Clearing House, in accordance with the Clearing & Settlement Rules (“C&S Rules”) and reflects amendments proposed to the NZX Participant Rules.

• Each Collateral Manager Termination Notice shall designate the replacement Collateral Manager, who shall be selected by the Administrative Agent in its sole discretion.

• The Issuer shall, as promptly as possible after the giving of an MTN Cash Manager Termination Notice, appoint a successor MTN Cash Manager which shall be an Eligible MTN Cash Manager and shall accept its appointment by a written assumption in a form acceptable to the Issuer and the Trustee.

• If a Manager Default shall have occurred and then be continuing, the Indenture Trustee, at the written direction of the Requisite Global Majority, shall deliver to the Manager (with a copy to the Administrative Agent, each Series Enhancer, each Hedge Counterparty and each Rating Agency) a Manager Termination Notice terminating the Manager of its responsibilities in accordance with the terms of the Management Agreement.

More Definitions of Manager Termination Notice

Manager Termination Notice has the meaning assigned in Section 13(d).

Manager Termination Notice. A written notice to be provided to the Manager and other specified Persons pursuant to Section 405(b) of this Indenture.

Manager Termination Notice shall have the meaning set forth in Section 6.01(b).

Manager Termination Notice. This term shall have the meaning set forth in Section 10.2 of the Management Agreement. “Managing Officer”: Any representative of the Manager involved in, or responsible for, the management of the day to day operations of the Borrower and the administration and servicing of the Containers and the other Collateral whose name appears on a list of managing officers furnished to the Borrower and the Collateral Agent by the Manager, as such list may from time to time be amended. “Manufacturer Debt”: A current account payable of the Borrower incurred in connection with the acquisition by the Borrower of a Container provided that such account payable has a due date that occurs prior to the Scheduled Commitment Expiration Date then in effect, does not exceed the purchase price of such Container and will be paid in full on or prior to the second Business Day following its Transfer Date. “Manufacturer’s Lien”: The Lien of the manufacturer on any Container acquired by the Borrower which Lien relates solely to such purchased Container and does not secure an amount in excess of one hundred percent (100%) of the purchase price of such Container. “Material Adverse Change”: Any set of circumstances or events which (a) pertains to the Borrower, the Seller or the Manager and has any material adverse effect whatsoever upon the validity or enforceability of any Transaction Document or the security for the Loan or the ability of the Collateral Agent to enforce any of its legal rights or remedies pursuant to the Transaction Documents or (b) materially impairs the ability of any of the Borrower, the Seller or the Manager to fulfill its obligations under the Transaction Documents. “Moody’s”: Xxxxx’x Investors Service, Inc., and any successor thereto. “Net Book Value”: As of any date of determination, with respect to any Managed Container that is not subject to a Finance Lease, the Net Book Value shall be the Original Equipment Cost less accumulated depreciation; provided, that such depreciation shall be determined in accordance with the depreciation policies set forth in Exhibit C. As of any date of determination, with respect to any Managed Container that is subject to a Finance Lease, the Net Book Value shall be one hundred percent (100%) of the net investment value of such Finance Lease, as determined in accordance with GAAP as in effect on the Closing Date. “Net Manager Compensation”: This term shall have the meaning set forth in the Management Agreement. “Net Operating Incom...

Manager Termination Notice. A written notice to be provided to the Manager pursuant to Section 405(b) of the Indenture with a copy to the Lead Arrangers.

Manager Termination Notice has the meaning set forth in Section 5.5(c) of this Agreement.

Manager Termination Notice. This term shall have the meaning set forth in Section 10.2 of the Management Agreement. “Managing Officer”: Any representative of the Manager involved in, or responsible for, the management of the day to day operations of the Borrower and the administration and servicing of the Containers and the other Collateral whose name appears on a list of managing officers furnished to the Borrower and the Collateral Agent by the Manager, as such list may from time to time be amended. “Manufacturer Debt”: A current account payable of the Borrower incurred in connection with the acquisition by the Borrower of a Container provided that such account payable has a due date that occurs prior to the Scheduled Commitment Expiration Date then in effect, does not exceed the purchase price of such Container and will be paid in full on or prior to the second Business Day following its Transfer Date. 29