Trigger Initiated Defeasance Event definition
Examples of Trigger Initiated Defeasance Event in a sentence
The Irrevocable Instructions shall constitute a limitation of the further authority of the Adviser (including any subadviser of the Fund) to manage the Fund’s assets other than in accordance with the Irrevocable Instructions after the occurrence of a Trigger Initiated Defeasance Event or Market Initiated Defeasance Event, as applicable, and the delivery of the Irrevocable Instructions to the Custodian by the Warranty Provider.
Following the occurrence of a Trigger Initiated Defeasance Event or a Market Initiated Defeasance Event, the Fund shall not issue additional Shares except for Shares issued in response to reinvestment of dividends or distributions.
The Warranty Provider shall only deliver the Irrevocable Instructions to the Custodian following a Trigger Event or Trigger Initiated Defeasance Event, as applicable, or a Market Initiated Defeasance Event and shall give prior notice thereof to the Adviser.
The Environmental Consultant acknowledges that payments under this Contract may not exceed the amount that the School District’s Auditing Services Office certifies as available for this Contract.
We hereby notify you that a Trigger Initiated Defeasance Event or Market Initiated Defeasance Event has occurred and the Warranty Provider has elected to exercise its rights under the Financial Warranty Agreement to have these Irrevocable Instructions delivered to you.