Examples of Note Acceleration Notice in a sentence
The following shall constitute an additional Event of Default with respect to which Party B will be the Defaulting Party: "Note Acceleration Notice.
Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the Account Bank as required.
As and from the date of such Note Acceleration Notice, the GIC Provider shall comply solely with the directions of the Security Trustee in relation to the GIC Account given in accordance with this Agreement.
Following the service of a Note Acceleration Notice on the Issuer the Security Trustee may serve a notice of termination on the Account Bank or the GIC Provider at any time.
Written notice of any such merger, conversion, consolidation or transfer shall immediately be given to the Issuer and (following delivery of a Note Acceleration Notice) the Security Trustee by the Collateral Account Bank.
Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the GIC Provider as required.
However, the Issuer or, following delivery of a Note Acceleration Notice, the Security Trustee may terminate the appointment of the Corporate Services Provider immediately upon giving notice to the Corporate Services Provider (with a copy of such notice to the Servicer) if a default is made by the Corporate Services Provider in the performance or observance of any of its covenants and obligations under this Agreement or an Insolvency Event occurs with respect to the Corporate Services Provider.
Notwithstanding the security created under Clause 3 (Security and Declaration of Trust) to this Deed, the Issuer shall, subject to Clause 6.2 (Pre-Acceleration Priority of Payments) or as specifically provided otherwise in the Transaction Documents and prior to delivery of a Note Acceleration Notice, exercise its rights, powers and discretions and perform its obligations in relation to the Charged Assets and under the Transaction Documents in accordance with the provisions of the Transaction Documents.
The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that the Cash Manager will have access to statements via the Account Bank's internet banking system and that the Security Trustee may, if it requires a statement in respect of the Transaction Account, request such a statement from the Cash Manager.
The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that the Cash Manager will have access to statements via the GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC Account, request such a statement from the Cash Manager.