Regulatory Termination Event definition

Regulatory Termination Event shall have the meaning given to such term in Section 6.05.

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Regulatory Termination Event shall have the meaning given to such term in Section 6.05. “Servicer” shall have the meaning set forth in the Recitals hereto. “Servicing Agreement” shall have the meaning set forth in the Recitals hereto. “Servicing Fee” shall have the meaning given to such term in the Servicing Agreement. “Settlement Amount” shall mean the amounts advanced by Lender to Borrowers or on behalf of Borrowers that constitute disbursements of Loans to Borrowers. “Settlement Date” shall mean each Business Day on which Servicer notifies Lender of a Net Settlement Amount as provided in Section 2.01(b)(i) below. “Sponsors” shall mean sponsors of Program Merchants that refer Program Merchants to participate in the GreenSky® Program. “UCC” shall mean the Uniform Commercial Code as in effect in the applicable jurisdiction.

Regulatory Termination Event shall have the meaning set forth in Section 4.01.

Examples of Regulatory Termination Event in a sentence

• In the event of a termination, Lender shall continue to be obligated to fund all unfunded Loans that conform to the Credit Policy approved on or before the day prior to the termination date set forth in the notice of the Regulatory Termination Event unless otherwise prohibited from doing so by the Governmental Authority.

• In the event of a Regulatory Termination Event, Lender shall request the respective Governmental Authority to allow Lender to share with Servicer all documentation concerning any adverse findings related to the Origination Agreement or the Servicing Agreement to the extent permitted by applicable Laws, and Lender will take all commercially reasonable actions to resolve any adverse findings and/or criticisms in an effort to assist Servicer to cure any such Regulatory Termination Event.

• Lender will notify Servicer of the Regulatory Termination Event and make commercially reasonable efforts to provide Servicer with reasonably requested information concerning the Regulatory Termination Event and to resolve any adverse findings and/or criticisms in an effort to assist Servicer to cure any such Regulatory Termination Event.

• Lender will provide Servicer, in each case an opportunity to cure such Regulatory Termination Event within such 60 days (or such shorter period of time required by a Government Authority).

• In the event of a termination, Lender shall continue to be obligated to fund all approved but unfunded Loans that conform to the Credit Policy and all approved but unfunded Category B Loans as of the day prior to the termination date set forth in the notice of the Regulatory Termination Event unless otherwise prohibited from doing so by the Governmental Authority.

• In the event of a termination, Lender shall continue to be obligated to fund all Loans that conform to the Credit Policy that have been approved but not fully funded as of the day prior to the termination date set forth in the notice of the Regulatory Termination Event.

More Definitions of Regulatory Termination Event

Regulatory Termination Event has the meaning set forth in Section 8.3. “Release” means any releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migrating, disposing, depositing or dumping of a Hazardous Material on or into the Environment (including the abandonment or discarding of barrels, containers and other closed receptacles containing any Hazardous Material). “Release Letters” has the meaning set forth in Section 2.1(c)(i). “Relevant CoC Event” has the meaning set forth in Section 6.1(c)(ii).

Regulatory Termination Event means if the PUCT (a) rejects approval of the Facility or Overall Transaction or approves the Facility or Overall Transaction on terms inconsistent with the Construction Agent’s application to the PUCT, (b) otherwise fails to approve the Facility or issues an order or takes action making the transactions contemplated by the Participation Agreement infeasible or creates impediments to cost recovery prior to January 30, 2026, or (c) following the PUCT’s initial approval (i) any change that results in the PUCT rescinding or amending its approval or (ii) Construction Agent notifying the PUCT that there has been a change in circumstances outside of Construction Agent’s control that should result in termination of the project or require further approvals from the PUCT.