Examples of Note Acceleration Notice in a sentence
Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the Account Bank as required.
Following the service of a Note Acceleration Notice on the Issuer the Security Trustee may serve a notice of termination on the Account Bank or the GIC Provider at any time.
The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that the Cash Manager will have access to statements via the Account Bank's internet banking system and that the Security Trustee may, if it requires a statement in respect of the Transaction Account, request such a statement from the Cash Manager.
The following shall constitute an additional Event of Default with respect to which Party B will be the Defaulting Party: "Note Acceleration Notice.
Written notice of any such merger, conversion, consolidation or transfer shall immediately be given to the Issuer and (following delivery of a Note Acceleration Notice) the Security Trustee by the Collateral Account Bank.
In administering the Issuer Accounts on behalf of the Issuer, the Issuer Cash Manager shall comply with the provisions of Schedule 2 prior to receipt by the Issuer Cash Manager of a copy of any Note Acceleration Notice served on the Issuer.
Except as provided below, at any time following the service of a Note Acceleration Notice (which has not been withdrawn), the Security Trustee may, at its absolute discretion, appoint, by writing or by deed, such person or persons (including an officer or officers of the Security Trustee) as the Security Trustee thinks fit, to be Receiver, of the Charged Assets or any part thereof and, in the case of an appointment of more than one person, to act together or independently of the other or others.
The circumstances in which the Note Trustee may or shall serve a Note Acceleration Notice on the Issuer and the conditions applicable to the service of a Note Acceleration Notice on the Issuer are set out in Condition 10 ( Events of Default).
If the Trustee having become bound to give a Note Acceleration Notice to the Issuer fails to do so and that failure is continuing, the holders of not less than 25 per cent.
So long as no Class A Notes remain outstanding, upon the occurrence of an Event of Default, the Note Trustee shall, if so directed in writing by the holders of the Class Z VFN (subject to being indemnified and/or secured and/or prefunded to its satisfaction), give a Note Acceleration Notice to the Issuer that all classes of the Notes are immediately due and repayable at their respective Principal Amount Outstanding, together with Accrued Interest as provided in the Trust Deed.