IP Completion Date definition

IP Completion Date means the date on which Parent and the Loan Parties have satisfied their respective obligations under Section 5.5(e) of the Guaranty and Security Agreement with respect to each Specified Jurisdiction existing as of the Closing Date.
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IP Completion Date means 11pm UK time on 31 December 2020.As at the Closing Date, the Risk Retention will comprise the Retention Holder holding the VRR Loan Note representing not less than 5 per cent. of the nominal value of each tranche sold or transferred to investors on the Closing Date, as required by Article 6 of each of the Securitisation Regulations. Any change in the manner in which the interest is held may only be made in accordance with the applicable laws and regulations and will be notified to the Noteholders. See the section entitled “EU and UK Risk Retention Requirements” for further information.U.S. Credit Risk Retention This securitisation transaction will be subject to the creditrisk retention requirements of Section 15G of the Exchange Act as added by Section 941 of the Dodd-Frank Act (the “U.S. Credit Risk Retention Requirements”). The Retention Holder, as "sponsor" for purposes of theU.S. Credit Risk Retention Requirements as implemented pursuant to Regulation RR (17 CFR § 246.1 et seq.) (“U.S. Regulation RR”), is required to acquire and retain (either directly or through a majority owned affiliate) at least 5 per cent. of the credit risk of the securitized assets in this transaction. The Retention Holder intends to satisfy theU.S. Credit Risk Retention Requirements on the Closing Date by acquiring and retaining (directly or through a majority-owned affiliate) a “single vertical security” (as defined in U.S. Regulation RR) that is an “eligible vertical interest” (as defined in U.S. Regulation RR) in the Issuer, in the form of the VRR Loan Note. The VRR Loan Note will represent at least 5 per cent. of all “ABS interests” (as defined in U.S. Regulation RR) in the Issuer and will entitle the Retention Holder to a specified percentage of the amounts paid on each other class of ABS interests issued by the Issuer.The percentage of the aggregate principal balance of all “ABS interests” issued by the Issuer as of the Closing Date
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IP Completion Date means 31 December 2020 at 11pm, as defined in section 39 of the European Union (Withdrawal Agreement) Act 2020
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Examples of IP Completion Date in a sentence

  • Furthermore, rulings in cases such as GSMB Invest or DUH v BRD, which elaborated on the justification of defeat devices, were handed down post IP Completion Date.

  • We have sought to clarify what the UK constitutional position is regarding the WA, 2018 and 2020 Acts and the sources of rights (and their limitations) in particular after IP Completion Date.

  • These regulations will amend provisions in the Insolvency (Amendment) (EU Exit) Regulations 2019 so that they function correctly after the IP Completion Date and are consistent with the Withdrawal Agreement.

  • This provides that the EU Insolvency Regulation ((EU) 2015/848) (the “EUIR”) will continue to apply in respect of main proceedings opened before the IP Completion Date.

  • It is important to record that Zulu and Gue predated IP Completion Date and so was not subject to the EUWA bar.

  • It will come into force on the Implementation Period Completion Date (IP Completion Date).

Related to IP Completion Date

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Final Completion Date means the date on which Final Completion occurs.

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • COMPLETION TIME means the period by date specified in the acceptance of tender for handing over the erected equipment/plant which are found acceptable by the Engineer being of required standard and conforming to the specifications of the contract.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Completion Deadline means August 15, 2018, or such later date as may be agreed to in writing by the Parties;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Time of Completion means the time for completing the execution of and passing the Tests on Completion of the Works of any section or part thereof as stated in the Contract (or as extended under Clause...) calculated from the Commencement Date

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Successful Completion means that in the reasonable opinion of the Customer, Deliverables completed by the Supplier are fit for purpose, completed on time and otherwise meet all the criteria defined under this Contract;

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);