Properly Elects definition

Properly Elects means the delivery within twenty (20) Business Days following receipt by the Trustee of notice of acceleration of the Obligations and termination of the Commitments to the Agent and each Lender by an Authorized Representative of an irrevocable written notice to purchase all “Priority Lien Indebtedness” (as such term is defined in the Senior Note Indenture as originally in effect) arising under or secured by the Loan Documents (including, without limitation, Indebtedness arising under Hedging Agreements) pursuant to the terms of this Section 7.3.
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Properly Elects has the meaning assigned to it in Section 7.3.
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Examples of Properly Elects in a sentence

  • The term "Properly Elects" means the delivery by such Noteholder(s) or the Trustee on its (or their) behalf during the period that begins on the date of an Occurrence and ends on the twentieth (20th) Business Day following receipt by the Trustee of a Default Notice, to the Agent and each Lender by such Noteholder(s) of an irrevocable written notice to purchase all "Senior Lender Claims" (as such term is defined in the Inter-Creditor Agreement) pursuant to the terms of this Section 9.21.

  • Such notice (the "Default Notice") shall include the name and address of each Lender, and Agent agrees to notify Trustee of the name and address of any new Lender that acquires a Loan during the period beginning on the date of an Occurrence and ending on the earlier of the date twenty (20) Business Days following the delivery of the Default Notice or the Noteholder(s) (as hereinafter defined) Properly Elects under this Section 9.21.

Related to Properly Elects

  • Primary election means any regular primary election held under the election

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Eligible elector means a person who meets the specific requirements for voting at a specific election or for a specific candidate, ballot question, or ballot issue. If no specific provisions are given, an eligible elector shall be a registered elector, as defined in subsection (35) of this section.

  • State elective position means any position held by any

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Form of Election has the meaning assigned in Section 3.3(b).

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • Notice of Election means the one or more notices of election (in such form as the Manager may approve) which the Manager will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the Distribution Reinvestment Plan.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Letter of Transmittal and Election Form means the letter of transmittal and election form for use by the Corporation Shareholders with respect to the Arrangement;

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Statewide popular election means a general election in which votes are cast for

  • Contested Election means any election of Directors in which the number of persons nominated for election as Directors in accordance with Section 7 of Article I exceeds the number of Directors to be elected, with the determination that any election of Directors is a Contested Election to be made by the Secretary or other officer of the Fund prior to the time the Fund mails its initial proxy statement in connection with such election of Directors. If, prior to the time the Fund mails its initial proxy statement in connection with such election of Directors, one or more persons nominated for election as a Director are withdrawn such that the number of persons nominated for election as Director no longer exceeds the number of Directors to be elected, such election shall not be considered a Contested Election.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • Election Deadline shall have the meaning set forth in Section 3.2.3.

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.