Unwind Event definition

Unwind Event has the meaning set forth in Section 7.03 of the Participation Agreement.

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Unwind Event is defined in Section 6.3 of the Construction Agency Agreement.

Unwind Event means, in respect of any Permitted Securitization, any action, default, event or circumstance as a result of which the immediate or ultimate purchaser or financier of Permitted Receivables thereunder may (whether immediately, or after the giving of any notice or passage of time or both) cause the cessation of further sales or transfers of Permitted Receivables pursuant thereto.

Examples of Unwind Event in a sentence

The respective obligations of the parties hereunder shall become final and binding only if no Early Unwind Event (as defined below) shall have occurred and be continuing as of the Early Unwind Date (as defined below).
Any Event of Default (as defined in the Agency Agreement) arising from the failure of the Construction Agent to comply with the provisions of Sections 3(a), 3(b) or 3(c) of the Agency Agreement shall not be deemed an Event of Default hereunder but shall constitute an "Unwind Event".
The Company shall be in compliance with its obligations under the Operative Documents on such date and there shall exist no Default, Event of Default, Unwind Event or Environmental Trigger under the Operative Documents and no Termination Notice shall have been delivered or been deemed to have been delivered.
If an Unwind Event and/or Intervening Event exists on the Final Tranche Date, Developer shall have the same rights and obligations noted above applicable to the second Tranche Payment and third Tranche Payment and Second Tranche Date and Third Tranche Date.
Each party hereto shall, at the reasonable request of the other party hereto, deliver to such other party a certificate stating whether such first party has knowledge of, or has received notice from any person of, any Casualty, Condemnation, Default, Environmental Trigger, Unwind Event or Event of Default.
If an Unwind Event or Intervening Event exists on the Second Tranche Date, Developer shall have the right to postpone the Second Tranche Date until the earlier to occur of (1) final resolution of the Unwind Event or Intervening Event, as the case may, or (2) ninety (90) days from the Second Tranche Date.
If an Unwind Event and/or Intervening Event exists on the Third Tranche Date, Developer shall have the same rights and obligations described above applicable to the second Tranche Payment and Second Tranche Date.
If the Intervening Event and/or Unwind Event has not been resolved within said 90-day period, Developer shall have the right to exercise the Unwind Rights described below in Section 5.5 hereinbelow or proceed with the release of the Second Tranche, reserving Developer’s rights to exercise Unwind Rights at any time thereafter through the date of the Final Unwind Date defined below.
If Advocate reasonably and in good faith disputes that an Unwind Event has occurred, it shall provide ▇▇▇▇▇▇▇ Foundation a Dispute Notice within ten (10) business days following delivery of the Unwind Notice by ▇▇▇▇▇▇▇, and thereafter the Parties shall attempt in good faith to resolve the dispute, or at either Party’s option, may seek declaratory relief from a court of competent jurisdiction to adjudicate whether an Unwind Event has occurred.
In addition, the Authority and Developer agree that if an Unwind Event occurs and/or is continuing beyond the Final Unwind Date, the Developer shall have the rights set forth in Section 5.5(e) hereinbelow, but shall have no right to a refund or disgorgement of the Development Rights Fee.

More Definitions of Unwind Event

Unwind Event means the existence of a difference between the terms and conditions of the Notes as set out in the Final Term Sheet relating to the Notes dated 18 February 2013 (the “Term Sheet”) and the Conditions of the Notes as set out in the Series Documents relating to the issue of the Notes, as determined by the Noteholders for as long as 100 per cent. of the Outstanding Principal Amount of the Notes are held by the Initial Purchaser; provided, however, that such difference relates to material terms and conditions of the Notes, as determined by the Noteholders for as long as 100 per cent. of the Outstanding Principal Amount of the Notes are held by the Initial Purchaser and provided, further, that the existence of such a difference will give rise to an Unwind Event only and only if the Noteholders together holding 100% of the Outstanding Principal Amount of the Notes have first requested the Arranger to effect an amendment to the Conditions of the Notes pursuant to the Arranger Covenant contained in the Term Sheet and the Arranger has failed to effect such amendment within one month of the Noteholders’ request for amendment; and finally, provided that, such failure is not due to any of the Issuer, Trustee, Custodian, Principal Paying Agent or any Noteholder not signing any document or performing any other act or not doing so in sufficient time to allow for such amendment to be effected in a timely manner.

Unwind Event means (subject to Section 5.8) any final and binding court or regulatory order, injunction, writ, judgment, decree, decision or ruling, or any law, statute, decree, rule, regulation, ordinance or administrative interpretation (collectively, "LEGAL ACTION"), that

Unwind Event shall have the meaning set forth in Section 9.5 of this Agreement.

Unwind Event means the payment by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ of any amounts under Article 5 of the Membership Interest Purchase and Sale Agreement, dated December 1, 2006, by and among Buckingham, Paladin and the Company for Guaranteed Obligations (as defined therein) in excess of Five Hundred Thousand and No/100 Dollars ($500,000.00).

Unwind Event means an event that occurs prior to Closing that permits ▇▇▇▇▇▇▇▇ to terminate this Agreement in accordance with Article 7.