Substitution Date definition

Substitution Date has the meaning specified in Paragraph 4(d)(ii).

Substitution Date has the meaning set forth in Section 1.03.

Substitution Date shall have the meaning provided in Section 2.3.5(a).

Examples of Substitution Date in a sentence

• The Strike Price of the New Share on the Substitution Date (SPNS) will be determined taking into account the proportional increase or decrease in the Affected Share/s price in the period between the moment on which the Strike Price was determined and the Exchange Business Day immediately prior to the Substitution Date.

• Upon receipt by the Trustee of a form of the Alternate Credit Facility to be in effect on and after the Substitution Date, the form of the disclosure document (if any) to be used in connection with the remarketing of the Bonds on the Substitution Date, and a form of the documents required pursuant to Section 5.4 of the Financing Agreement, the Trustee shall establish the Substitution Date for the mandatory tender and purchase of the Bonds.

• The Trustee shall give notice to the owners of the Bonds, by first class mail not less than nine (9) days before the Substitution Date specifying: (i) the Substitution Date, (ii) that all Bonds must be surrendered to the Tender Agent for purchase not later than 9:30 a.m., Washington, DC time, on the Substitution Date, and (iii) that such tender is subject to cancellation if the conditions to the substitution of an Alternate Credit Facility are not satisfied on the Substitution Date.

• If, for any reason, (i) the Tender Agent does not receive remarketing proceeds in an amount sufficient to pay one hundred percent (100%) of the Purchase Price of the Outstanding Bonds, or (ii) the Alternate Credit Facility and the other documents required by Section 5.4 of the Financing Agreement are not received by the Trustee by 2:00 p.m., Washington D.C. time, on the Substitution Date, the Bonds shall be returned to the Holders thereof and such Bonds shall continue to be subject to the terms hereof.

• DART may not request and the Lenders shall not be required to make any Term Loans on a Revolving Credit Maturity Date which is also a Substitution Date.

More Definitions of Substitution Date

Substitution Date. With respect to a Substitute Receivable, the date on which the Seller or the Depositor, as applicable, delivers the related First Step Receivables Assignment or Second Step Receivables Assignment, respectively, to the Depositor or the Issuing Entity, respectively.

Substitution Date means the Exchange Day on which the Calculation Agent determines that a Substitution Event has occurred, provided that the Substitution Date may be a later date if any event or circumstance impedes the making of any necessary changes to the Portfolio.

Substitution Date means (A) the Local Business Day on which the Secured Party receives the Substitute Credit Support, if notice of substitution is received by the Notification Time on such date, and (B) the Local Business Day following the date on which the Secured Party receives the Substitute Credit Support, if notice of substitution is received after the Notification Time.

Substitution Date means the Local Business Day in New York on which the Secured Party is able to confirm irrevocable receipt of the Substitute Credit Support, provided that (x) such receipt is confirmed before 3:00 p.m. (New York time) on such Local Business Day in New York and (y) the Secured Party has received, before 1:00 p.m. (New York time) on the immediately preceding Local Business Day in New York, the notice of substitution described in Paragraph 4(d)(i).

Substitution Date. Any date on which the Seller transfers a Substitute Loan to the Buyer.

Substitution Date means, with respect to a Substitute Reference Obligation, the date on which the Calculation Agent notifies the Issuer of the Substitute Reference Obligation that it has identified in accordance with the definition of Substitute Reference Obligation above.

Substitution Date has the meaning specified in Section 2.17(c).