MLCS definition
Examples of MLCS in a sentence
ML & Co. hereby waives diligence; presentment; protest; notice of protest, acceleration, and dishonor; filing of claims with a court in the event of insolvency or bankruptcy of MLCS; all demands whatsoever, except as noted in the first paragraph hereof; and any right to require a proceeding first against MLCS.
This Guarantee shall continue to be effective if MLCS merges or consolidates with or into another entity, loses its separate legal identity or ceases to exist.
Notwithstanding the foregoing, MLCS shall release its security interest as required to do so pursuant to the terms of the Amendment to Swap Documents.
In case of the failure of MLCS punctually to make any such payment, ML & Co. hereby agrees to make such payment, or cause such payment to be made, promptly upon demand made by the Company to ML & Co.; provided, however that delay by the Company in giving such demand shall in no event affect ML & Co.'s obligations under this Guarantee.
MLCS may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.
The Pledgor will not change its name, type of organization, jurisdiction of organization, organizational identification number or location from those set forth in Section 5(a) of this Agreement without first giving at least 10 Business Days’ prior written notice to MLCS and taking all action required by MLCS for the purpose of perfecting or protecting the security interest granted by this Agreement.
Any vacancy caused by any such removal or expulsion may be filled by MLCS.
MLCS shall have the right, at any time in its discretion and without notice to the Pledgor, to transfer to or to register in the name of MLCS or any of its nominees any or all of the Collateral, subject only to the revocable rights of the Pledgor specified in Section 8(a).
MLCS shall not be obligated to make any sale of Collateral regardless of notice of sale having been given.
All such notices and other communications shall, when mailed, telecopied or otherwise, be effective three Business Days after when deposited in the mails, or when actually received, if telecopied or otherwise delivered (or confirmed by a signed receipt), respectively, addressed as aforesaid; except that notices and other communications to MLCS shall not be effective until received by MLCS.