Examples of Reinvestment Election in a sentence
A Member who provides timely notice in a Fiscal Year to change its election from a Reinvestment Election to a Distribution Election for the upcoming Fiscal Year shall not receive Current Income distributions for income generated during the fourth calendar quarter as the amount of such distributions shall be reflected in the Net Asset Value per Unit as of the date of the change in election.
The Borrower may exercise its Reinvestment Election with respect to an Eligible Asset Sale if (x) no Default or Event of Default exists and (y) the Borrower delivers a Reinvestment Notice to the Administrative Agent on the Business Day after the date of the consummation of the respective Eligible Asset Sale, with such Reinvestment Election being effective with respect to the Net Cash Proceeds of such Eligible Asset Sale equal to the Anticipated Reinvestment Amount specified in such Reinvestment Notice.
The Borrower may exercise its Reinvestment Election with respect to an Asset Sale if (x) no Event of Default exists and (y) the Borrower delivers a Reinvestment Notice to the Administrative Agent on or prior to the Business Day following the date of the consummation of the respective Asset Sale, with such Reinvestment Election being effective with respect to the Net Cash Proceeds of such Asset Sale equal to the Anticipated Reinvestment Amount specified in such Reinvestment Notice.
Neither the Manager, Artex SAC nor the Segregated Account shall renew the Retrocession Agreement in the absence of a valid Reinvestment Election.
On the Reinvestment Prepayment Date with respect to a Reinvestment Election, the Borrower shall prepay Term Advances in an amount equal to the Reinvestment Prepayment Amount, if any, for such Reinvestment Election.
Each Reinvestment Election shall remain in effect until the earlier of (i) the applicable Reinvestment End Date, and (ii) the existence of an Event of Default, after which Accrued Interest will be distributed to such Lender on each Payment Date in accordance with Section 2.06 or 2.07, as applicable.
The final deadline for Dividend Reinvestment Election is 24 May 2019.
The Borrower may exercise its Reinvestment Election with respect to an Asset Sale if (x) no Default or Event of Default exists and (y) the Borrower delivers a Reinvestment Notice to the Administrative Agent no later than five Business Days following the date of the consummation of the respective Asset Sale, with such Reinvestment Election being effective with respect to the Net Cash Proceeds of such Asset Sale equal to the Anticipated Reinvestment Amount specified in such Reinvestment Notice.
The Principal Companies may exercise the Reinvestment Election with respect to any Asset Sale or Recovery Event only if (1) no Event of Default shall be continuing at the time of such Asset Sale or Recovery Event, and (2) either or both of the Principal Companies deliver a Reinvestment Notice with respect to such Asset Sale or Recovery Event to the Administrative Agent not later than ninety (90) days following the date of such Reinvestment Event.
The Borrower may exercise the Reinvestment Election with respect to any Asset Sale only if (i) no Event of Default shall be continuing at the time of such Asset Sale, and (ii) the Borrower delivers a Reinvestment Notice with respect to such Asset Sale to the Administrative Agent not later than the thirtieth Business Day following the date of such Reinvestment Event, with such Reinvestment Election being effective with respect to the Anticipated Reinvestment Amount specified in such Reinvestment Notice.