Termination Notice definition
Examples of Termination Notice in a sentence
Upon the Collateral Custodian’s receipt of a Collateral Custodian Termination Notice from the Administrative Agent of the designation of a successor Collateral Custodian pursuant to the provisions of Section 7.5, the Collateral Custodian agrees that it will terminate its activities as Collateral Custodian hereunder.
Upon delivery of a Termination Notice in relation to any of the Defaults set out in clauses 7.1(h) to 7.1(l) (inclusive), the Grantor and MineCo shall be jointly and severally liable to pay the Termination Amount to the Royalty Holder within ten (10) Business Days of the date of determination of the Termination Amount in accordance with clause 7.3 in immediately available funds by direct deposit to such bank account as is nominated by the Royalty Holder in the Termination Notice.
If the Aggregate Damage exceeds twenty percent (20%) of the Purchase Price, Buyer shall thereafter have the right to terminate this Agreement by delivery of a Casualty Termination Notice to Seller.
The Issuer shall deliver to the Trustee (who shall promptly deliver a copy of such notice to the Holders) a copy of the Termination Notice within one (1) Business Day of receipt thereof.
Upon the Document ▇▇▇▇▇▇▇▇▇’s receipt of a Document Custodian Termination Notice from the Administrative Agent (acting at the direction of the Required Lenders) of the designation of a successor Document Custodian pursuant to the provisions of Section 14.5, the Document Custodian agrees that it will terminate its activities as Document Custodian hereunder.