Mop-Up Date definition

Mop-Up Date means the seventh (7th) Business Day after the Start Date; provided, however, that if, on the seventh (7th) Business Day after the Start Date, Assignee gives notice to Assignor that an Aircraft which is subject of an Aircraft Transferred Interest not yet transferred to Assignee (i) is located in a jurisdiction that is unacceptable to Assignee and (ii) cannot be relocated to an acceptable jurisdiction because either (x) such Aircraft is physically unable to be so relocated or (y) the Lessee of such Aircraft has refused to cooperate in relocating it, then in such case "Mop-Up Date" shall mean the earlier of (A) the thirtieth (30th) day following the seventh (7th) Business Day after the Start Date or (B) June 30, 1997.
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Mop-Up Date means the seventh (7th) Business Day after the Start Date; provided, however, that if, on the seventh (7th) Business Day after the Start Date, (a) Assignee gives notice to Assignor that an Aircraft which is subject of a Transferred Interest not yet transferred to Assignee (i) is located in a jurisdiction that is unacceptable to Assignee and (ii) cannot be relocated to an acceptable jurisdiction because either (x) such Aircraft is physically unable to be so relocated or (y) the Lessee of such Aircraft has refused to cooperate in relocating or (b) Assignor gives notice to Assignee that it has not yet obtained any approval or consent listed on Schedule 5(b) in respect of any of the Transferred Interests not yet transferred to Assignee, then, in such case, with respect to each such Transferral Interest, "Mop-Up Date" shall mean the earlier of (A) the thirtieth (30th) day following the seventh (7th) Business Day after the Start Date or (B) June 30, 1997.
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Mop-Up Date means the earlier to occur of (i) the date all conditions precedent in Section 7 (as to Assignor) and all conditions precedent in Section 8 (as to Assignee) are satisfied or waived by the applicable party with respect to each Transferred Interest or (ii) June 30, 1997.
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Examples of Mop-Up Date in a sentence

  • Each of Assignor and Assignee covenants and agrees that (i) if each of the conditions precedent in Section 7 (as to Assignor) or Section 8 (as to Assignee) are satisfied or waived by the appropriate party, the first Effective Time will occur on the Start Date and (ii) the Effective Time for each and every Transferred Interest will occur not later than the close of business in New York on the Mop-Up Date.

  • Each of Assignor and Assignee covenants and agrees that (i) if each of the conditions precedent in Section 7 (as to Assignor) and each of the conditions precedent in Section 8 (as to Assignee) are satisfied or waived by the appropriate party, the first Effective Time will occur on the Start Date and (ii) the Effective Time for each and every Transferred Interest will occur not later than the close of business in New York on the Mop-Up Date.

  • Each of Assignor and Assignee covenants and agrees that(i) if each of the conditions precedent in Section 7(a)-(r) (as to Assignor) or Section 8(a)-(l) (as to Assignee) are satisfied or waived by the appropriate party, the first Effective Time with respect to any Aircraft Transferred Interest will occur on the Start Date and (ii) the Effective Time for each and every Aircraft Transferred Interest will occur not later than the close of business in New York on the Mop-Up Date.

  • If the Mop-Up Date has not occurred by the Outside Date, any Transferred Interest which has not been transferred to Assignee will no longer be the subject of this Agreement, this Agreement will be deemed to be reformed to delete all references to such Transferred Interest, the Purchase Price will be reduced in an amount equal to the Release Amount for such Transferred Interest and on July 1, 1997, Assignee is hereby authorized to withdraw all amounts out of the Cash Account.

  • Each of Assignor and Assignee covenants and agrees that (i) if each of the conditions precedent in Section 7(a)-(r) (as to Assignor) or Section 8(a)-(l) (as to Assignee) are satisfied or waived by the appropriate party, the first Effective Time with respect to any Aircraft Transferred Interest will occur on the Start Date and (ii) the Effective Time for each and every Aircraft Transferred Interest will occur not later than the close of business in New York on the Mop-Up Date.


More Definitions of Mop-Up Date

Mop-Up Date means the earlier of (A) the thirtieth (30th) day following the seventh (7th) Business Day after the Start Date or (B) June 30, 1997.
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Related to Mop-Up Date

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Single Family Agreement, if applicable, or disposition of all Assets pursuant to this Agreement or the Single Family Agreement, if applicable.

  • Startup Date The day designated as such pursuant to Article X hereof.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Start-up period has the meaning as defined in the relevant Supplemental Agreement.