Notice of Enforcement Event definition

Notice of Enforcement Event means a written notice given by the Vendors or either of them, to the Pledgor, or to the Purchasers, or to either of them, simultaneously with or after the Notice of Default, specifying that an Enforcement Event has occurred;
Sample 1Sample 2Sample 3
Notice of Enforcement Event has the meaning specified in Section 2.4.
Sample 1Sample 2Sample 3
Notice of Enforcement Event means a notice sent to an Account Bank by the Collateral Agent substantially in a similar form as set out in Schedule 2 (Form of Notice of Enforcement Event) or in a form acceptable to the Collateral Agent.
Sample 1Sample 2Sample 3

Examples of Notice of Enforcement Event in a sentence

  • Each Notice of Enforcement Event shall be deemed to have been given when such notice has actually been received by the Collateral Agent and to have been rescinded when the Collateral Agent has received a certificate from Secured Creditors entitled to waive such default under the terms of the applicable Creditor Document and this Agreement stating that the events of default giving rise to such Enforcement Event have been cured or waived in accordance with the terms of the applicable Creditor Document.

  • A Notice of Enforcement Event shall be deemed to be outstanding at all times after such notice has been given until such time, if any, as such notice has been rescinded.

  • For the above purpose, we authorise the Account Bank to debit — following the receipt of a Notice of Enforcement Event or a Notice of Security Deposit (in the form of a notarial deed) by the Account Bank from the Collateral Agent — our account No. [*], and credit to the [*] of the Collateral Agent, at the time when the prompt collection order is submitted by the Collateral Agent.

  • The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Enforcement Event, unless the Collateral Agent shall have received a Notice of Enforcement Event from a Secured Creditor in accordance with Section 2.4. The Collateral Agent shall take such action with respect to such Enforcement Event as may be directed by the Majority Secured Creditors in accordance with Section 3.2 or, if permitted by Section 3.2(a), as may be directed by the Minority Creditor Group.

  • The Collateral Agent promptly shall notify each Secured Creditor in the event it shall receive any Notice of Enforcement Event, Notice of Unsecured Collection Action or Notice of Collateral Enforcement Action, a certificate rescinding such notices or any request in writing by any party hereto or by the Company or any Affiliate Guarantor for any consent, waiver or amendment with respect to this Agreement or with respect to the Collateral Documents.

  • Each Secured Creditor shall, upon learning of the existence of any Enforcement Event under a Creditor Document to which it is a party, promptly deliver written notice thereof describing in reasonable detail the nature of the event giving rise to such Enforcement Event and setting forth the date of occurrence of such event (a "Notice of Enforcement Event") to the Collateral Agent.

  • The Collateral Agent will be entitled to enforce its claim only once the Account Bank has received the Notice of Enforcement Event made by the Collateral Agent.

  • The Collateral Agent upon the delivery of the Notice of Enforcement Event to the Account Bank is entitled to seek satisfaction from the charge in accordance with the applicable Hungarian legal norms.

  • We hereby request, after the Account Bank has received a Form of Notice of Enforcement Event or a Form of Notice of Security Deposit, the Account Bank to disclose to the Collateral Agent any information on the Bank Account upon its request.

  • A Notice of Enforcement Event shall be deemed to be outstanding at all times after such notice has been given until such time, if any, as such notice has been duly rescinded.


More Definitions of Notice of Enforcement Event

Notice of Enforcement Event has the meaning set forth in Section 5.03(1).
Sample 1Sample 2

Related to Notice of Enforcement Event

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • Enforcement Event means an Event of Default.

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(ii) of the Agreement.

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Law enforcement unit means an individual office, department, division, or other component of an education agency or institution that is officially authorized or designated by that agency or institution to (1) enforce laws or refer matters of law enforcement to appropriate authorities, or (2) maintain the physical security and safety of the agency or institution.

  • Enforcement Date means the first date (if any) on which a Senior Secured Creditor takes enforcement action of the type described in paragraphs (a)(i), (a)(iii), (a)(iv) or (c) of the definition of “Enforcement Action” in accordance with the terms of this Agreement.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Indenture Default means any condition, circumstance, act or event that, with the giving of notice, the lapse of time or both, would constitute an Indenture Event of Default.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Payment Event means any of the following: