OFCA definition
Examples of OFCA in a sentence
Notwithstanding the provisions of any other Issuer Transaction Document, the Issuer Security shall only become enforceable upon the delivery of a Bond Enforcement Notice in accordance with clause 13 (Security Enforceable) of the Issuer Deed of Charge and the OFCA Floating Security shall only become enforceable in accordance with clause 10.1 (Security Enforceable) of the Obligor Floating Charge Agreement.
Floating Security created by clause 6 of the Security Agreement shall rank equally in point of priority with the OFCA Floating Security and neither of them shall have priority over the other.
CAHK acknowledges and agrees that OFCA may, where it considers appropriate or upon request by any person (written or otherwise) and without any further reference to CAHK, disclose to any person, all or part of this Addendum, and in such form and manner as OFCA deems fit.
The Oregon False Claims Act (OFCA) is modeled after the federal False Claims Act.
Each of the Obligors and the Borrower Security Trustee acknowledges that it has notice that the Issuer has assigned all its rights, title and interest (including any beneficial interest) under this Agreement and the OFCA Floating Security to the Bond Trustee.
Any additional Obligor which accedes to the Common Terms Agreement and the STID, in accordance with the terms thereof, shall execute an OFCA Deed of Accession whereupon it shall become a party to this Agreement in its capacity as an Obligor.
Any amount not paid hereunder when due shall bear interest (after as well as before judgment and payable on demand) at the Default Rate from time to time from the due date until the date such amount is unconditionally and irrevocably paid and discharged in full, save to the extent that default interest on such amount for such period is charged pursuant to the relevant Finance Document and itself constitutes an OFCA Secured Liability.
The security created by or pursuant to this Agreement shall remain in full force and effect as a continuing security for the OFCA Secured Liabilities unless and until discharged by the Issuer (with the prior approval of the Bond Trustee).
For the avoidance of doubt, the OFCA Floating Security will rank pari passu with the Security Agreement Floating Security regardless of the time of crystallisation of either the Security Agreement Floating Security or the OFCA Floating Security (whether such crystallisation is effected pursuant to Clause 9.1 (Crystallisation: By Notice), Clause 9.3 (Crystallisation: Automatic) or otherwise).
Each of the Issuer and the Bond Trustee hereby gives notice to each of the Obligors and the Borrower Security Trustee of the assignment to the Bond Trustee of all of the rights, title and interest of the Issuer (including any beneficial interest) under this Agreement and the OFCA Floating Security.