Guaranty Drawdown Notice definition

Guaranty Drawdown Notice means a notice, executed by a duly appointed officer of MPF on behalf of MPF, certifying that: (i) (x) if MPF has received the shares of Diversified Risk pursuant to the Put Agreement, that MPF has completed the Sale of Diversified Risk or (y) if Sutter has sold the shares of Diversified Risk pursuant to the Xxx Xxreement, that MPF has received the proceeds from the Default Sale, (ii) the DR Sale Proceeds were less than the Put Price and (iii) if a Market Price report has been requested, that MPF received the Market Price for the shares of Diversified Risk. If the sale of the Diversified Risk shares by MPF shall have occurred later than six months following the Put Closing, MPF shall not be required to make any representations regarding Market Price.
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Examples of Guaranty Drawdown Notice in a sentence

  • Guarantor hereby guarantees to MPF, the payment within 30 days of Guarantor's receipt of a Guaranty Drawdown Notice, of an amount that is equal to the lesser of (a) one-third of the difference between the Put Price and the DR Sale Proceeds and (b) $200,000 (such guarantee obligations, the "Guaranteed Obligations").

  • Michael Collins and Robert Dixon (together with Robert Dixon anx Xxxxxxxxx, xxe "Inxxxxxxxx Xxxrantors") each sxxxxxxxx xxx not jointly guarantee Sutter's obligations to MPF upon MPF's exercise of the Put and xxx xxxxipt by each Individual Guarantor of a Guaranty Drawdown Notice (as defined below).

  • Guarantor, Robert Dixon and William Knuff (together with Robert Dixon and Xxxxxxxxx, xhe "Ixxxxxxxxx Xxxrantors") each sxxxxxxxx xxx not jointly guarantee Sutter's obligations to MPF upon MPF's exercise of the Put and xxx xxxxipt by each Individual Guarantor of a Guaranty Drawdown Notice (as defined below).

  • Michael Collins and William Knuff (together with Robert Dixon axx Xxxxxxxxx, xhe "Ixxxxxxxxx Xxxrantors") each sxxxxxxxx xxx not jointly guarantee Sutter's obligations to MPF upon MPF's exercise of the Put and xxx xxxxipt by each Individual Guarantor of a Guaranty Drawdown Notice (as defined below).

Related to Guaranty Drawdown Notice

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Drawdown means the drawdown of a Tranche under the Loan Facility;

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Borrowing Notice is defined in Section 2.8.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Initial Advance means the first Advance made pursuant to Article II.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Borrower Notice means a written notice, in the form of Exhibit A, to be used for each borrowing, repayment of each Advance or termination or reduction of the Facility Amount or Prepayments of Advances.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Notice of Loan means a Notice of Loan in the form of the attached Exhibit C.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.