Examples of Bank Notice in a sentence
Within 45 days of receipt of the Investment Bank Notice, the Board of Directors shall appoint an investment banking firm to seek and report on candidates interested in entering into a Corporate Transaction, with a view toward maximizing stockholder value.
If Energy Spectrum elects to give the Company the Alternative Investment Bank Notice, the Company shall relinquish its rights under this Section 3.2, and the parties' rights under this Article 3 shall be governed by Section 3.3.
If the Company does not give Energy Spectrum the Company's response of its selection (the "Company Response") within the 45-day period described in this Section 3.2, Energy Spectrum may elect, in its sole discretion, to give the Company the Alternative Investment Bank Notice as set forth in Section 3.3(a).
If requested to do so following a Transition Event, the Seller shall instruct the Obligors to cause all Collections to be paid to a Lock-Box Bank for deposit into a Lock-Box Account and deliver a Bank Notice to such Lock-Box Bank.
Without limiting the foregoing, on or prior to the date of the initial purchase of a Percentage Interest hereunder, (i) the Seller shall cause to be established the Collection Account, in the name of the Purchaser, (ii) the Purchaser shall give a Bank Notice to the bank at which the Collection Account is maintained and (iii) the Seller shall cause such bank to execute such notice and return it to the Purchaser.
Promptly following the delivery of any Bank Notice (and in any event, within 60 minutes following any delivery thereof, provided that any delivery thereof shall occur by 5:00 p.m., New York City time), each Bank shall deposit in the designated account of the Administrative Agent in immediately available funds the proceeds of such Bank’s pro rata share of the requested Advance.
The Borrower shall give Bank Notice of the date and amount of any proposed prepayment pursuant to this Section 2.3 (y) no less than three (3) LIBOR Business Days prior to any such proposed prepayment of any LIBOR Rate Loans, and (z) no later than 10:00 a.m., New York time, on the date of any such prepayment of any Base Rate Loan.
In this notice, the term “insurance” means any insurance required by Bank Notice to BORROWER.
Notwithstanding anything herein to the contrary, we shall not make any payment pursuant to a Demand Notice received by us unless and until seven (7) business days have elapsed from our receipt of a Bank Notice from you specifying the payment amount to be demanded.
Upon receipt by us of a notice in the form of either Exhibit D-1 or Exhibit D-2 (each, a “Bank Notice”) stating that a payment is required (in the case of Exhibit D-1) or an event permitting the reduction or termination of this guarantee has occurred (in the case of Exhibit D-2), we shall, within one business day following receipt thereof, send by confirmed facsimile to each of you and Misys a copy of such Bank Notice to the addresses for you and Misys contained in Exhibit E hereto.