Notice of Liquidation Events Sample Clauses

Notice of Liquidation Events. Neither any Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Liquidation Event or Unmatured Liquidation Event unless such Agent or the Administrator has received notice from any Purchaser, any Agent, the Servicer or the Seller stating that a Liquidation Event or Unmatured Liquidation Event has occurred hereunder and describing such Liquidation Event or Unmatured Liquidation Event. In the event that the Administrator receives such a notice, it shall promptly give notice thereof to each Agent whereupon each such Agent shall promptly give notice thereof to its related Purchasers and to the Rating Agencies then rating its related Conduit Purchaser's Commercial Paper Notes. In the event that an Agent receives such a notice (other than from the Administrator), it shall promptly give notice thereof to the Administrator. The Administrator shall take such action concerning a Liquidation Event or Unmatured Liquidation Event as may be directed by the Required Purchasers (unless such action otherwise requires the consent of all Purchasers), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and Agents.
Sample 1
AutoNDA by SimpleDocs
Notice of Liquidation Events. 34 Section 11.7 Non-Reliance on Administrator, Agents and Other Purchasers...... 34 Section 11.8 Indemnification................................................. 35 Section 11.9
Sample 1
Notice of Liquidation Events. 50 Section 11.6 Non-Reliance on Co-Agents and Other Lenders....................................................50 Section 11.7 Indemnification of Administrative Agent and Co-Agents..........................................51 Section 11.8 Co-Agents in their Individual Capacities.......................................................51 Section 11.9
Sample 1
Notice of Liquidation Events. (a) Neither the Administrative Agent nor either Co-Agent shall be deemed to have knowledge or notice of the occurrence of any Liquidation Event or Unmatured Liquidation Event unless the Administrative Agent or such Co-Agent, as applicable, has received notice from another Co-Agent, a Lender, a Liquidity Bank or a Loan Party referring to this Agreement, stating that a Liquidity Event or Unmatured Liquidity Event has occurred hereunder and describing such Liquidity Event or Unmatured Liquidity Event. In the event that the Administrative Agent or either of the Co-Agents receives such a notice, it shall promptly give notice thereof to the other Co-Agent(s) for distribution, in the case of a Co-Agent, to its Constituent Lenders and Liquidity Banks, and, in the case of the Blue Ridge Agent in particular, to S&P and Moodx'x. Xxe Administrative Agent shall take such action with respect to such Liquidity Event or Unmatured Liquidity Event as shall be directed by either of the Co-Agents.
Sample 1

Related to Notice of Liquidation Events

  • Liquidation Events (a) In the event of (i) any Casualty to all or any all or any portion of the Property, (ii) any Condemnation of all or any portion of the Property, (iii) a Transfer of the Property, other than a Transfer in accordance with Section 5.2.10(f) pursuant to which the Loan is assumed by the transferee, (iv) any refinancing of the Property or the Mortgage Loan, or (v) the receipt by Mortgage Borrower of any excess proceeds realized under its owner’s title insurance policy after application of such proceeds by Mortgage Borrower to cure any title defect (each, a “Liquidation Event”), Borrower shall cause the related Net Liquidation Proceeds After Debt Service to be deposited directly into the Mezzanine Cash Management Account. On each date on which Lender actually receives a distribution of Net Liquidation Proceeds After Debt Service, Borrower shall prepay the Outstanding Principal Balance in an amount equal to one hundred percent (100%) of such Net Liquidation Proceeds After Debt Service, together with interest that would have accrued on such amount through the next Payment Date. Any amounts of Net Liquidation Proceeds After Debt Service in excess of the Debt shall be paid to Borrower. Any prepayment received by Lender pursuant to this Section 2.4.4(a) on a date other than a Payment Date shall be held by Lender as collateral security for the Loan in an interest bearing account, with such interest accruing to the benefit of Borrower, and shall be applied by Lender on the next Payment Date. Other than following an Event of Default, no Prepayment Premium shall be due in connection with any prepayment made pursuant to this Section 2.4.4(a)(i) or (ii).

  • Notice of Termination Events or Unmatured Termination Events A statement of the chief financial officer or chief accounting officer of the Seller setting forth details of any Termination Event or Unmatured Termination Event and the action which the Seller proposes to take with respect thereto.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Notice of Insolvency Event As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, ExchangeCo and Acquiror shall give written notice thereof to the Trustee. As soon as practicable following the receipt of notice from ExchangeCo and Acquiror of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the expense of Acquiror (such funds to be received in advance), a notice of such Insolvency Event in the form provided by Acquiror, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

  • Dissolution Events The Company will be dissolved upon the happening of any of the following events:

  • Liquidation Event 22- Liquidation Proceeds................................................................-22- Loan-to-Value Ratio.................................................................-22-

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Notice of Termination Events Neither any Purchaser Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination Event or Unmatured Termination Event unless the Administrator and the Purchaser Agents have received notice from any Purchaser, the Servicer or the Seller stating that a Termination Event or an Unmatured Termination Event has occurred hereunder and describing such Termination Event or Unmatured Termination Event. In the event that the Administrator receives such a notice, it shall promptly give notice thereof to each Purchaser Agent whereupon each such Purchaser Agent shall promptly give notice thereof to its related Purchasers. In the event that a Purchaser Agent receives such a notice (other than from the Administrator), it shall promptly give notice thereof to the Administrator. The Administrator shall take such action concerning a Termination Event or an Unmatured Termination Event as may be directed by the Majority Purchaser Agents (unless such action otherwise requires the consent of all Purchasers, the LC Bank and/or the Required LC Participants), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and the Purchaser Agents.

  • Notice of Disqualification Events The Company will notify the Purchasers in writing, prior to the Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, reasonably be expected to become a Disqualification Event relating to any Issuer Covered Person, in each case of which it is aware.

  • Notice of Events As soon as Guarantor obtains knowledge thereof, Guarantor shall give Guarantied Party written notice of any condition or event which has resulted in (a) a material adverse change in the financial condition of Guarantor or Company or (b) any Event of Default or Potential Event of Default.

Time is Money Join Law Insider Premium to draft better contracts faster.