Demand Rejected Sample Clauses
The 'Demand Rejected' clause defines the process and consequences when a formal demand made under the contract is not accepted or is denied by the receiving party. Typically, this clause outlines the steps that follow a rejection, such as the requirement to provide written notice of the rejection, the opportunity for the demanding party to respond or amend their demand, or the escalation of the dispute to mediation or arbitration. Its core practical function is to establish a clear protocol for handling rejected demands, thereby reducing ambiguity and helping both parties understand their rights and obligations in the event of a disagreement.
Demand Rejected. The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue enforcement of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer that it has determined not to pursue a repurchase request. SALE AND SERVICING AGREEMENT (RMIT 2024-1) – Exhibit F- 2 REGIONAL MANAGEMENT ISSUANCE TRUST 2024-1 (the “Grantor”), hereby makes, constitutes and appoints each of Regional Management Corp., a Delaware corporation (the “Servicer”) and Regional Finance Corporation of Alabama, an Alabama corporation, Regional Finance Company of Arizona, LLC, a Delaware limited liability company, Regional Finance Company of California, LLC, a Delaware limited liability company, Regional Finance Company of Georgia, LLC, a Delaware limited liability company, Regional Finance Company of Idaho, LLC, a Delaware limited liability company, Regional Finance Company of Illinois, LLC, a Delaware limited liability company, Regional Finance Company of Indiana, LLC, a Delaware limited liability company, Regional Finance Company of Louisiana, LLC, a Delaware limited liability company, ▇▇▇▇▇▇▇ Finance Company of Mississippi, LLC, a Delaware limited liability company, Regional Finance Company of Missouri, LLC, a Delaware limited liability company, Regional Finance Company of New Mexico, LLC, a Delaware limited liability company, Regional Finance Corporation of North Carolina, a North Carolina corporation, Regional Finance Company of Oklahoma, LLC, a Delaware limited liability company, Regional Finance Corporation of South Carolina, a South Carolina corporation, Regional Finance Corporation of Tennessee, a Tennessee corporation, Regional Finance Corporation of Texas, a Texas corporation, Regional Finance Company of Utah, LLC, a Delaware limited liability company, Regional Finance Company of Virginia, LLC, a Delaware limited liability company, and Regional Finance Corporation of Wisconsin, a Wisconsin corporation (collectively, the “Subservicers”) (each Subservicer and the Servicer individually and collectively, the “Grantee”), by and through themselves, their affiliates and their permitted subcontractors, and their respective officers, designees and attorneys-in-fact, its true and lawful Attorneys-in-Fact with full power of substitution, and hereby authorizes and empowers each Grantee, in the name of and on behalf of the...
Demand Rejected. The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue enforcement of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer that it has determined not to pursue a repurchase request. In addition to the representations, warranties and covenants contained in the Indenture, the Issuer hereby represents, warrants, and covenants to the Indenture Trustee as follows on the Note Initial Increase Date:
Demand Rejected. The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue enforcement of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer, that it has determined not to pursue a repurchase request. SCHEDULE I
Demand Rejected. The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue enforcement of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer, that it has determined not to pursue a repurchase request. In connection therewith, if Proceedings are commenced or threatened [in writing] in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certification to any interested party in such Proceedings. Date: ____________, 20__9 Yours faithfully, [ ] By: _________________________________ Name: Title: 9 To be dated no later than three Business Days following the receipt of any Demands by the Indenture Trustee. To: Wilmington Trust, National Association ▇▇▇▇▇▇ Square North ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: Corporate Trust Administration This Prefunding Certificate is being issued in accordance with Section 2.15(a)(i)(C) of that certain Indenture, dated as of July 27, 2021 (the "Indenture"), by and between Sunnova Helios VI Issuer, LLC, as issuer (the "Issuer"), and Wilmington Trust, National Association, as indenture trustee (the "Indenture Trustee"). Terms not otherwise defined herein shall have the meanings ascribed thereto in the Indenture. The Issuer hereby certifies that:
Demand Rejected. The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue enforcement of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer that it has determined not to pursue a repurchase request. In addition to the representations, warranties and covenants contained in the Indenture, the Co-Issuers hereby represents, warrants, and covenants to the Indenture Trustee as follows on the Closing Date: