Examples of Realisation Agent Bankruptcy in a sentence
Upon occurrence of a Realisation Agent Bankruptcy, the appointment of the Realisation Agent shall automatically terminate (unless a Realisation Agent Certificate is delivered in accordance with Condition 10(c)(ii) (Replacement of Realisation Agent)) and the replacement mechanics set out under this Condition 10(c) (Termination and Replacement following a Realisation Agent Bankruptcy) and in the Agency Agreement shall apply to determine the replacement Realisation Agent.
Following the occurrence of a Realisation Agent Bankruptcy, Noteholders representing at least 75 per cent.
Following the occurrence of a Realisation Agent Bankruptcy, Noteholders representing at least 75% in outstanding Aggregate Nominal Amount of the Notes (subject to such Noteholders providing evidence of their holdings of the Notes), in each case, to the satisfaction of the Issuer and the Trustee) may send a notice (a “Replacement Event Notice”) to the Issuer notifying the Issuer of such Realisation Agent Bankruptcy.
The directors of the Issuer shall forthwith either notify the Trustee, the Noteholders and the Realisation Agent of the receipt of such Replacement Event Notice or, where the directors of the Issuer have determined that a Realisation Agent Bankruptcy has occurred, send a Replacement Event Notice to the Trustee, the Noteholders and the Realisation Agent (the date of such notification being the “Notification Date”).
For the avoidance of doubt, where more than one valid Replacement Event Notice in respect of the same Realisation Agent Bankruptcy has been issued, only the earliest of these will be valid for the purposes of this Condition 10(c) (Termination and Replacement following a RealisationAgency Bankruptcy).
For the avoidance of doubt, where more than one valid Replacement Event Notice in respect of the same Realisation Agent Bankruptcy has been issued, only the earliest of these will be valid for the purposes of this Condition 10(c) (Termination and Replacement following a Realisation Agency Bankruptcy).
The directors of the Issuer shall either notify the Trustee, the Noteholders and the Realisation Agent of the receipt of such Replacement Event Notice or, where the directors of the Issuer have determined that a Realisation Agent Bankruptcy has occurred, send a Replacement Event Notice to the Trustee, the Noteholders and the Realisation Agent (the date of such notification being the “Notification Date”).