Irrevocable Direction definition

Irrevocable Direction means the written irrevocable direction executed by the Corporation, to be delivered to the Subscription Receipt Agent pursuant to Section 3.1, substantially in the form set forth in Schedule 1.1(bb);

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Irrevocable Direction has the meaning ascribed thereto in the Subscription Receipt Agreement; (uu) IFRS” means International Financial Reporting Standards;

Irrevocable Direction means a letter or other writing from the Borrower, as beneficiary under the Trust Documents, to each of the lessors under the Approved Leases (in their capacities as trustees under the Trust Documents) containing: (a) irrevocable (except with the consent of the Administrative Agent) instructions to each such lessor to direct the tenants under the Approved Leases to make payments under the Approved Leases in accordance with instructions given to such tenants by the Administrative Agent and (b) irrevocable (except with the consent of the Administrative Agent) instructions to each such lessor not to take any action under the Trust Documents or otherwise with respect to the Mortgaged Properties, Approved Leases, or any payments or other mattes associated therewith ▇▇thout the express written consent of the Administrative Agent; provided, that such letter or writing shall be in such form as may be required by the terms of the Trust Documents and by the lessor(s) as trustee(s) thereunder and shall otherwise be in form and substance acceptable to the Administrative Agent.

Examples of Irrevocable Direction in a sentence

• Each of Starwood and Counterparty hereby agrees that pursuant to the Irrevocable Direction Letter, dated as of the date hereof (the “Direction Letter”), Counterparty will make all payments represented by the Transaction otherwise due to Starwood under or pursuant to the terms of the Confirmation to ▇▇▇▇▇ Fargo in accordance with written instructions set forth therein.

• Borrower, as holder of the beneficiary interests under the Trust Documents, shall have delivered an Irrevocable Direction to each lessor under the Approved Leases.

• Further, upon, or anytime after, an Event of Default (including any event that would constitute an Event of Default with the giving of notice, passage of time or happening of any further condition, event or act), Lender may at its sole discretion deliver the Property Manager’s Irrevocable Direction of Payment executed by the Property Manager simultaneous with the Assignment of Property Management Agreement and attached thereto as Exhibit “C”.

• Upon Lender’s delivery of the Property Manager’s Irrevocable Direction of Payment, the Property Management Fees shall be forthwith delivered to or at the direction of Lender for application to the Obligations.

• Seller shall send Irrevocable Direction Notices and cause all applicable Persons to deposit all Income in respect of the Purchased Assets into the Waterfall Account in accordance with Section 5.01 hereof on the day the related payments are due and payable.

• By: Name: Title: By: Name: Title: By: Name: Title: [ ] [ ], 20[ ] [HEDGE COUNTERPARTY] Re: ISDA Agreement and Master Repurchase and Securities Contract (each as defined below) Ladies and Gentlemen: This Irrevocable Direction Letter is hereby transmitted by Starwood Property Trust, Inc.

• The transfer register shall be closed at 5:00 p.m. (Toronto time) on the earlier to occur of the date the Escrow Conditions are satisfied and the Release Notice and Irrevocable Direction have been delivered in accordance with Section 3.1 of the Agreement and the Termination Date (subject to settlement).

• If the Escrow Release Conditions are satisfied and the delivery of the Closing Notice and the Irrevocable Direction by the Corporation to the Subscription Receipt Trustee occur at or before the Termination Time, the Subscription Receipt Trustee will as soon as practicable direct Torys in writing to release to the Corporation, or as directed by the Corporation, the full amount of the Escrowed Funds, together with any interest earned thereon.

• Per: Countersigned by: COMPUTERSHARE TRUST COMPANY OF CANADA Per: Dated: ________________________, 2016 TO: COMPUTERSHARE TRUST COMPANY OF CANADA This Irrevocable Direction is being provided pursuant to subparagraph 3.1 of a subscription receipt agreement (the "Agreement") dated August 9, 2016 among Bellatrix Exploration Ltd.

• Trades settling after the date the Escrow Conditions are satisfied and the Release Notice and Irrevocable Direction have been delivered in accordance with Section 3.1 shall be completed by the delivery of Common Shares and Warrants.

More Definitions of Irrevocable Direction

Irrevocable Direction means a direction to the Receipt Agent and the Transfer Agent signed by the Company, substantially in the form of Schedule “B“ attached hereto to be delivered to the Receipt Agent and the Transfer Agent pursuant to Section 3.1 and Section 3.5 hereof;

Irrevocable Direction shall have the meaning set forth in Section 4.32(a)

Irrevocable Direction means the written irrevocable direction to be delivered by the Corporation to the Trustee substantially in the form of Schedule "F" hereto authorizing and directing the Trustee to release the Escrowed Funds in accordance with Sections 2.4(l)(ii) and 2.4(l)(iii);

Irrevocable Direction means the written irrevocable direction of the Corporation, to be delivered to the Subscription Receipt Trustee pursuant to Section 3.3 herein, substantially in the form set forth in Schedule B hereto;

Irrevocable Direction has the meaning given to it in Section 3.1;

Irrevocable Direction means a letter or other writing from the Borrower or other Loan Party to a tenant/lessee under a lease containing irrevocable (except with the consent of the Administrative Agent) instructions to such tenant/lessee to make all payments (whether constituting rent or any other payment) due under such lease to an account designated by the Administrative Agent to the Borrower and advising such tenant/lessee that the approval of the Administrative Agent shall be necessary (a) for any future material modifications, amendments, waivers or any other changes to the lease, (b) for any changes to the rental or other payments due from lessee thereunder, (c) for any change in the term of such lease and (d) for any increase in the obligations of the landlord under such lease.