Note Acceleration Notice definition
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.
The following shall constitute an additional Event of Default with respect to which Party B will be the Defaulting Party: "Note Acceleration Notice.
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.
Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the GIC Provider as required.
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.
As and from the date of such Note Acceleration Notice, the GIC Provider shall comply solely with the directions of the Security Trustee in relation to the GIC Account given in accordance with this Agreement.
However, the Issuer or, following delivery of a Note Acceleration Notice, the Security Trustee may terminate the appointment of the Corporate Services Provider immediately upon giving notice to the Corporate Services Provider (with a copy of such notice to the Servicer) if a default is made by the Corporate Services Provider in the performance or observance of any of its covenants and obligations under this Agreement or an Insolvency Event occurs with respect to the Corporate Services Provider.
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 GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC Account, request such a statement from the Cash Manager.
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.
Following the service of an Intercompany Loan Acceleration Notice or a Note Acceleration Notice, the Issuer Security Trustee may serve a notice of termination at any time.