Unwind Start Date definition
Examples of Unwind Start Date in a sentence
The declaration of an Unwind Start Date in accordance with this Section 2.06(b) may result in an obligation of REPS with respect to a Make-whole Payment under Section 3.05.
In the event that an Unwind Start Date is declared by the Sleeve Provider in connection with a Reliant Event of Default or is declared by REPS in accordance with Section 2.06(b), in either case, within two years of the Effective Date, REPS shall pay to the Sleeve Provider the Make-whole Payment.
On the Unwind Start Date, the ▇▇▇▇▇▇▇ Parties shall cause the ML Parent Guarantor to issue the BAC Guarantee in respect of the obligations of the ▇▇▇▇▇▇▇ Parties to return Posted Collateral in accordance with the terms of this Section 10.
In the event that an Unwind Start Date is declared by the Sleeve Provider in connection with a Reliant Event of Default or is declared by REPS in accordance with Section 2.06(b), in either case, within two years of the Initial Effective Date, REPS shall pay to the Sleeve Provider the Make-whole Payment.
On the Unwind Start Date, and after giving effect to the amendment and restatement of this Agreement described in Section 12.17, no Reliant Default has occurred and is continuing or would result from the consummation of the amendment and restatement described in Section 12.17 or the resulting transactions contemplated by this Agreement or any other Transaction Document.
In lieu of any amounts that would otherwise become due and payable under the Exclusivity and Fee Letter, NRG shall pay to the Sleeve Provider on the Unwind Start Date a make-whole payment in an amount equal to $5,000,000, and on January 4, 2010 a further make-whole payment in an amount equal to $5,000,000 (collectively, the “Make-whole Payment”).
The Sleeve Obligors agree to use all commercially reasonable efforts to effect the release and discharge of all ML Collateral held by any TDSP as soon as practicable following the Unwind Start Date; provided that nothing herein shall limit the Sleeve Obligors’ obligations to cause the Partial Credit Sleeve Termination Date and Credit Sleeve Termination Date each to occur in accordance with Section 6.13.
Without limiting the generality of the foregoing, each of the actions set forth in Section 12.18(a) and on Schedule 12.17(a) shall have been duly taken on the Unwind Start Date.
Immediately prior to the Unwind Start Date, and before giving effect to the amendment and restatement of this Agreement described in Section 12.17, no Reliant Default had occurred and was continuing.