Acquiesced definition

Acquiesced means, with respect to any Person and any act or omission that may give rise to Guaranty Losses, and such Person having received (separately, prior to and with particularity) written notice from the Person causing such action to be taken or omitted and specifically describing such act or omission, such Person responding with a written statement within five (5) Business Days of its receipt of such notice affirmatively stating that such Person does not object to such noticed acts or omissions (it being specifically acknowledged and agreed, however, that if such Person does not so timely respond within such five (5) Business Day period, then such Person shall be deemed to have not Acquiesced). For example, if (x) any Waypoint Party desires to take or omit an action which if taken or omitted may give rise to Guaranty Losses, (y) Waypoint Party gives written notice to Managing Member of the Waypoint Party’s intent with regard to such action, and (z) Managing Member fails to respond within five (5) Business Days, then Managing Member shall be deemed to have not Acquiesced to such action (and vice-versa if Managing Member is the party who desires to take or omit an action).

Examples of Acquiesced in a sentence

  • Congress Has Knowingly Acquiesced to the Kennedy DOL Interpretation for Half a Century The proposed rule seeks to change a rule in effect for half a century under Democratic and Republican Presidents and unchanged by Congress whether controlled by Democrats, Republicans or jointly.

  • Acquiesced in the procurement by the bailor or his nominee of any document of title.

  • Accordingly, all of the elements of estoppel have been met.c. Mintvest Acquiesced In Being Diluted To 18.2%, Despite Section 3.2’s Protections.

  • Congress Has Knowingly Acquiesced in the Repeated Presidential Modifications of Monuments Established Under the Act.

  • Congress Has Not Acquiesced to Lower-Court Decisions Accepting FTC’s Interpretation of Section 13(b) Noting that (until the Seventh Circuit’s deci- sion in this case) all federal appeals courts to consider the issue had interpreted § 13(b) as authorizing FTC to seek monetary relief, FTC argues that Congress should be deemed to have acquiesced to that interpre- tation.

  • That Ms. Fox Acquiesced for a Time in the Quid-Pro-Quo Harassment and Hostile Housing Environment Did Not Negate Its Discriminatory Nature 21CONCLUSION 28CERTIFICATE OF COMPLIANCE 29CERTIFICATE OF SERVICE 30 TABLE OF AUTHORITIESCases Pages Ave.

  • SEIA Has Acquiesced in New York’s Grid Charge for NEM Customers Sean Gallagher, SEIA’s Vice President for State and Regulatory Affairs, testified in this case on behalf of SEIA and Vote Solar.

  • Even If FPC Somehow Acquiesced in Creation of a Trust, FPC Could and Has Revoked That Trust.Under Texas law, “[a] settlor may revoke the trust unless it is irrevocable by the express terms of the instrument creating it or of an instrument modifying it.” TEX.

  • The Record Does Not Support Petitioners’ Claim that John Improperly Linked Investment Decisions to Other Topics While Mellon Acquiesced In seeking a basis for surcharging the trustees, the petitioners frequently lump together various alleged breaches such as favoring Lisa’s interests over those of Wilhelmina and Alexander and failing to make proper income distributions to the minor beneficiaries.183Any link between these alleged breaches and the decline in value of the portfolios is nonexistent.

  • The claimant:(A) Took the property with the intent to defeat forfeiture of the property;(B) Knew or should have known that the property was proceeds of prohibited conduct; or(C) Acquiesced in the prohibited conduct.(3) Except as provided in subsection (5) of this section, if the property to be forfeited in a forfeiture action is personal property,the forfeiting agency must prove the ele- ments specified in subsection (2) of this sec- tion by a preponderance of the evidence.

Related to Acquiesced

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Bankruptcy or Default means the total cessation of operations due to insolvency, with or without the filing of a bankruptcy petition by an airline, or cruise line, tour operator or other travel provider provided the Bankruptcy or Default occurs more than 14 days following Your Effective Date for the Trip Cancellation Benefits. There is no coverage for the Bankruptcy or Default of any person, organization, agency or firm from whom You purchased Travel Arrangements supplied by others.

  • by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Debt or other obligation of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (i) to secure, purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to provide collateral security, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for the purpose of assuring in any other manner the obligee of such Debt or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part), provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The term "Guarantee" used as a verb has a corresponding meaning.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.

  • Actionable Default means (1) the failure to pay any payment of principal of or interest on any Series of Secured Debt outstanding in the amount of $50.0 million or more resulting in an event of default under the applicable Series of Secured Debt after payment is due, including payments that are due (or if any required offer had been timely made would be due) in respect of any mandatory offer to purchase Parity Secured Debt resulting in an event of default under the applicable Series of Secured Debt, (2) the failure to pay in full, when due and payable in full (whether at maturity, upon acceleration or otherwise), either the Existing Notes, the Credit Agreement Debt or any other Series of Secured Debt (including the Seward Bond Guarantees and the 2014 Notes) outstanding in the amount of $50.0 million or more, (3) the exercise by the Collateral Trustee or any of its co-trustees or agents (including the Credit Agreement Agent) of any right or power that is exercisable by it only upon default to take sole and exclusive dominion or control over any deposits in a deposit account, commodity contract in a commodity account or financial asset in a securities account constituting any Shared Collateral or the delivery of any instructions to the Collateral Trustee directing it to foreclose or otherwise enforce, or to disburse the proceeds of enforcement of, any Lien upon any Collateral, or (4) the occurrence of any Event of Default under the Existing Indentures or the Credit Agreement arising from the commencement of any bankruptcy case, receivership or other insolvency or liquidation proceeding by or against the Company or any of its Subsidiaries or any similar default provision at any time in effect under any indenture or agreement governing any Series of Secured Debt.

  • Omission means a failure to act.

  • Remedy means any remedial right to which an aggrieved party is entitled with or without resort to a tribunal.

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Administrator Default has the meaning specified in Section 5.1 of the Administration Agreement.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default under (i) any of the financing documents of the Company or its Subsidiaries from time to time (collectively, the “Financing Agreements”) and any extensions, renewals, refinancings or refundings thereof in whole or in part, (ii) any amendment of, supplement to or other modification of any of the instruments referred to in clause (i) above, and (iii) any of the securities issued pursuant to or whose terms are governed by the terms of any of the agreements set forth in clause (i) above and any extensions, renewals, refinancings or refundings thereof in whole or in part.

  • Act of Insolvency means any Act of Insolvency as defined by the Presidency Towns Insolvency Act, or the Provincial Insolvency Act or any act amending such original.

  • Enforcement Notice means any notice issued by a designated officer under these by-laws, which instructs the person to whom it is issued to comply with the terms of the notice, and includes a compliance notice contemplated in section 111;

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.

  • Trust Officer means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture.

  • Intervenor means any person who, upon written petition, is permitted to intervene in a specific proceeding before the board.

  • Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.

  • Purchaser Default has the meaning set forth in Section 11.1.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p) of this Note.

  • Funding Default as defined in Section 2.22.

  • Remedy a Violation means to bring the structure or other development into compliance with State and community floodplain management regulations, or, if this is not possible, to reduce the impacts of its noncompliance. Ways that impacts may be reduced include protecting the structure or other affected development from flood damages, implementing the enforcement provisions of the ordinance or otherwise deterring future similar violations, or reducing Federal financial exposure with regard to the structure or other development.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.