Examples of Notice of Exercise of Remedies in a sentence
Notice of Exercise of Remedies Under Deeds of Trust......................................56 SECTION 5.15.
Upon receipt of such Notice of Exercise of Remedies, the Trustee and any Additional Senior Secured Debt Representative, as applicable, hereby authorize the Collateral Agent to take such action as directed by such Notice of Exercise of Remedies to give effect thereto in accordance with this Agreement and applicable Finance Documents.
None of the Trustee, any Additional Senior Secured Debt Representative nor any Swap Representative shall, upon the occurrence of an Event of Default or a Termination Event under the applicable Finance Document, exercise any remedies against the Collateral, unless it shall have received a Notice of Exercise of Remedies from the Collateral Agent confirming that the Directing Creditors consent to such exercise of such remedies.
Upon receipt of such Notice of Exercise of Remedies, the Trustee, any Additional Senior Secured Debt Representative and each Swap Representative, as applicable, hereby authorize the Collateral Agent to take such action as is required or permitted by such Notice of Exercise of Remedies to give effect thereto in accordance with this Agreement and applicable Finance Documents.
Upon the calculation of Directing Creditors, the Collateral Agent shall notify (such notification, a “Notice of Exercise of Remedies”) each of the Bridge Loan Agent, the Trustee and each Additional Secured Debt Representative whether the Directing Creditors approved a Notice of Exercise of Remedies or denied the proposed exercise of such remedies.
Upon receipt of such Notice of Exercise of Remedies, the Bridge Loan Agent, the Trustee or any Additional Secured Debt Representative, as applicable, hereby authorize the Collateral Agent to take such action as is required or permitted by such Notice of Exercise of Remedies to give effect thereto in accordance with this Agreement and applicable Finance Documents.
Notice of Exercise of Remedies Under Deeds of Trust.............................54 SECTION 5.15.
None of the Bridge Loan Agent or the Trustee or any Additional Secured Debt Representative shall, upon the occurrence of an Event of Default under the applicable Finance Document, exercise any remedies against the Collateral, unless it shall have received a Notice of Exercise of Remedies from the Collateral Agent confirming that the Directing Creditors consent to such exercise of such remedies.
Upon the calculation of Directing Creditors, the Collateral Agent shall notify (such notification, a “Notice of Exercise of Remedies”) each of the Trustee, each Additional Senior Secured Debt Representative and each Swap Representative whether the Directing Creditors approved a Notice of Exercise of Remedies or denied the proposed exercise of such remedies.
Any Notice of Exercise of Remedies shall be conclusive evidence of the matters stated therein for the purpose of allowing the Developer on behalf of the Owners to implement the provisions of this Section 24.