Remedies Direction definition

Remedies Direction means a written notice and instruction to the Collateral Agent from the Administrative Agent (acting on the direction of the Supermajority Lenders directing the Administrative Agent) to take the actions specified therein with respect to a Trigger Event which has occurred and is continuing.
Sample 1Sample 2
Remedies Direction has the meaning assigned to such term in Section 3.02(a).
Sample 1Sample 2
Remedies Direction shall have the meaning ascribed thereto in the Collateral Agency Agreement.
Sample 1

Examples of Remedies Direction in a sentence

  • If the Collateral Agent receives a Remedies Direction directing the Collateral Agent to commence a Foreclosure Action, the Collateral Agent shall notify each other Secured Party of such Remedies Direction.

  • The Collateral Agent shall take such action with respect to such Event of Default as is provided in this Agreement, the Notes and the Security and, notwithstanding any other provision of this Agreement to the contrary, unless and until the Collateral Agent shall have received a Remedies Direction, it shall refrain from taking any such action with respect to such Event of Default.

  • If the Collateral Agent receives a Remedies Direction directing the Collateral Agent to commence a Foreclosure Action, the Collateral Agent shall notify each other Secured Party of such Remedies Direction as soon as practicable.

  • Upon the occurrence and during the continuation of a Trigger Event and following delivery of a Remedies Direction to Depository Bank in connection with the liquidation, withdrawal or transfer of the proceeds of any amounts in the Collateral Accounts, the Collateral Agent shall instruct Depository Bank in writing to apply the proceeds of such liquidation, withdrawal or transfer toward the payment of the Obligations in the order of priority set forth in Section 2.02 of the Collateral Agency Agreement.

  • If the Collateral Agent receives a SREC Pledge Remedies Direction directing the Collateral Agent to commence a SREC Foreclosure Action, the Collateral Agent shall notify each other Secured Party of such SREC Pledge Remedies Direction.


More Definitions of Remedies Direction

Remedies Direction means a written notice and instruction to Depository Bank from Lender to take the actions specified therein with respect to a Trigger Event which has occurred and is continuing in accordance with the Loan Agreement.
Sample 1
Remedies Direction has the meaning assigned to such term in Section 7.02(a).
Sample 1
Remedies Direction shall have the meaning ascribed thereto in the Collateral Agency Agreement. “Secured Obligations” shall have the meaning ascribed thereto in the Collateral Agency Agreement. “Support Termination Date” shall have the meaning ascribed thereto in Section 4.1.1. “Transfer Date” shall have the meaning ascribed thereto in the Collateral Agency Agreement. 1.02.
Sample 1
Remedies Direction has the meaning given to such term in the Intercreditor Agreement.
Sample 1

Related to Remedies Direction

  • Remedies Exception means the extent to which enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting the enforcement of creditors’ rights generally and by general equitable principles.

  • Labor law decision means an administrative merits determination, arbitral award or decision, or civil judgment, which resulted from a violation of one or more of the laws listed in the definition of “labor laws”.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • the Directive means Council Directive 2003/4/EC(d) on public access to environmental information and repealing Council Directive 90/313/EEC;

  • Communications Provisions means the Communications Provisions in [Part 10, Chapter 4] of the General Regulations.

  • UCITS Directive means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as amended;

  • Legitimate law enforcement purpose means a goal within the lawful authority of an officer that is to be achieved through methods or conduct condoned by the officer’s appointing authority.

  • Waste Framework Directive or “WFD” means Waste Framework Directive 2008/98/EC of the European Parliament and of the Council on waste

  • Advance directive means a document that contains a health care instruction or a power of attorney for health care.

  • Ombudsman means the Company Ombudsman of AllianceBernstein, or any of his/her staff members.

  • Complications of Pregnancy means conditions whose diagnoses are distinct from pregnancy but are adversely affected by pregnancy or are caused by pregnancy. These conditions include acute nephritis, nephrosis, cardiac decompensation, missed abortion and similar medical and surgical conditions of comparable severity. Complications of pregnancy also include nonelective cesarean section, ectopic pregnancy which is terminated and spontaneous termination of pregnancy, which occurs during a period of gestation in which a viable birth is not possible.

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS. Signature Date

  • Debilitating medical condition means one or more of the following: