Substitution Effective Date has the meaning given to it in Section 6.01.
Substitution Effective Date means the earlier to occur of (i) the first business day on which Tenant conducts normal business operations in the Substitution Space, or (ii) the first business day after the Tenant Improvement Work (defined in Exhibit B attached hereto) is Substantially Complete (defined in Exhibit B attached hereto, Section 6.1 herein and inclusive of the cabling and finishes as provided for herein) and Tenant has been moved from the Existing Premises to the Substitution Space as provided below, which date is anticipated to be June 1, 2015 (the “Target Substitution Effective Date”). Landlord agrees to provide Tenant notice three weeks prior to the Substantial Completion of the Tenant Improvement Work to enable Tenant to prepare for and finalize its relocation plans. Landlord and Tenant shall work together in good faith to complete Tenant’s relocation into the Substitution Space in a timely and efficient manner, while minimizing the level of disruption to Tenant’s business in connection with such relocation. Without limitation, Landlord and Tenant shall coordinate Tenant’s relocation into the Substitution Space so that the move will occur over the first weekend following the Substantial Completion of the Tenant Improvement Work. The adjustment of the Substitution Effective Date and, accordingly, the postponement of Tenant’s obligation to pay rent for the Substitution Space shall be Tenant’s sole remedy if the Tenant Improvement Work is not Substantially Complete on the Target Substitution Effective Date. Without limiting the foregoing, during any period that the Substitution Effective Date is delayed, Tenant shall continue to pay rent for the Existing Premises in accordance with the terms of the Lease. If the Substitution Effective Date is delayed, the expiration date under the Lease shall not be similarly extended.
Substitution Effective Date means, in respect of a Securityholders’ Charged Asset Right, the date specified as such by the Counterparty in its sole and absolute discretion.
Examples of Substitution Effective Date in a sentence
The Substitution Effective Date shall be specified by the Counterparty pursuant to the confirmation with respect to each Swap Transaction.
UBS Interim Exchange II Amounts: If, in relation to any Substitution, any EligibleCollateral Obligations are required to be purchased, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date, transfer to or to the order of the Collateral Agent on behalf of VIS an amount equal to the Class [•] Notes’ Pro Rata Share of the purchase price therefor.
Pursuant to Article R55 of the CAS Code, the Sole Arbitrator can nevertheless proceed to make an award in relation to WADA’s claims.
If, in relation to any Substitution, any Eligible Cash Collateral is required to be transferred to VIS, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date transfer an amount equal to the Class [•] Notes’ Pro Rata Share of such Eligible Cash Collateralto VIS or to the order of the Collateral Agent on behalf of VIS.
UBS Interim Exchange II Amounts: If, in relation to any Substitution, any EligibleCollateral Obligations are required to be purchased, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date, transfer to or to the order of the Collateral Agent on behalf of VIS an amount equal to the Class B Notes’ Pro Rata Share of the purchase price therefor.
More Definitions of Substitution Effective Date
Substitution Effective Date means the Business Day immediately following the Substitution Confirmation Date.
Substitution Effective Date means the earlier to occur of (i) July 1, 2015, subject to Substitution Delays (defined in Exhibit B) (the
Substitution Effective Date has the meaning given to it in Part 5(e)(i)(C). An entity will have the "Subsequent S&P Required Rating" in respect of the applicable S&P Framework, if either (i) the issuer credit rating or (ii) the resolution counterparty rating assigned by S&P to the entity is at least as high as the S&P Minimum Counterparty Rating corresponding to the then current rating of the Notes and the applicable S&P Framework as specified in the table below under the column Subsequent S&P Rating Event. Current rating of the Notes "S&P Strong" "S&P Adequate" "S&P Moderate" "S&P Weak" Initial S&P Rating Event Subsequent S&P Rating Event Initial S&P Rating Event Subsequent S&P Rating Event Initial S&P Rating Event Subsequent S&P Rating Event Initial S&P Rating Event Subsequent S&P Rating Event AAA A- BBB+ A- A- A A NA A+ AA+ A- BBB+ A- A- A- A- NA A+ AA A- BBB BBB+ BBB+ A- A- NA A AA- A- BBB BBB+ BBB+ BBB+ BBB+ NA A- A+ A- BBB- BBB BBB BBB+ BBB+ NA A- A A- BBB- BBB BBB BBB BBB NA BBB+ A- A- BBB- BBB BBB- BBB BBB NA BBB+ BBB+ A- BBB- BBB BBB- BBB BBB- NA BBB BBB A- BBB- BBB BBB- BBB BBB- NA BBB BBB- A- BBB- BBB BBB- BBB BBB- NA BBB- BB+ and below A- At least as high as 3 notches BBB At least as high as 2 notches BBB At least as high as 1 notch below NA At least as high as the Notes rating below the Notes rating below the Notes rating the Notes rating
Substitution Effective Date means 1 June 2016; sub-unit means, in accordance with Condition 4.5(j) of the Programme Conditions in the case of Covered Bonds which are not N Covered Bonds, and in accordance with the relevant N Covered Bond Conditions (if applicable) in the case of N Covered Bonds, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, euro 0.01; Successor means, in relation to an Agent and the Calculation Agent, any successor to any one or more of them in relation to the Covered Bonds which shall become such pursuant to the provisions of the trust presents and/or the Agency Agreement and/or the N Covered Bonds Conditions (as the case may be) and/or such other or further principal paying agent, paying agents, registrar, transfer agent, exchange agent and calculation agent (as the case may be) in relation to the Covered Bonds as may (with the prior approval of, and on terms previously approved by, the Bond Trustee in writing (such approval not to be unreasonably withheld or delayed)) from time to time be appointed as such, and/or, if applicable, such other or further specified offices (in the case of the Principal Paying Agent being within the same city as those for which they are substituted) as may from time to time be nominated, in each case by the Issuer and the LLP, and (except in the case of the initial appointments and specified offices made under and specified in the Programme Conditions and/or, in the case of an N Covered Bond, the N Covered Bond Conditions (if applicable) and/or the Agency Agreement, as the case may be) notice of whose appointment or, as the case may be, nomination has been given to the Covered Bondholders; Supplemental Agency Agreement means any agency agreement to be made between, inter alios, the Issuer, the LLP, the Bond Trustee, the Security Trustee, the Principal Paying Agent, the Exchange Agent, the Registrar, the Transfer Agent and any Swiss Paying Agents from time to time;
Substitution Effective Date shall be January 1, 2006.
Substitution Effective Date shall be the later to occur of (i) July 15, 2004 (the “Target Substitution Effective Date”), and (ii) the date upon which the Landlord Work (as defined in the Work Letter attached as Exhibit B hereto) in the Substitution Space has been substantially completed; provided however, that if Landlord shall be delayed in substantially completing the Landlord work in the Substitution Space as a result of the occurrence of a Tenant Delay (defined below), then, for purposes of determining the Substitution Effective Date, the date of substantial completion shall be deemed to be the day that said Landlord Work would have been substantially completed absent any such Tenant Delay(s). A “Tenant Delay” means any act or omission of Tenant or its agents, employees, vendors or contractors that actually delays substantial completion of the Landlord Work, including, without limitation, the following:
Substitution Effective Date shall be November 1, 2005.