Wind-Down Event definition

Wind-Down Event means the event that the Facility Commitment is not extended for any reason and the Facility Commitment Termination Date occurs.

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Wind-Down Event has the meaning set forth in the related Receivables Financing Agreement.

Wind-Down Event any one or more of the following events:

Examples of Wind-Down Event in a sentence

• In the event that the Administrative Agent receives such a notice of the occurrence of a Series 2000-1 Early Amortization Event, Mandatory CP Wind-Down Event, Potential Series 2000-1 Early Amortization Event or Mandatory Liquidation Event, the Administrative Agent shall promptly give notice thereof to the Liquidity Banks.

• At the time of each issuance of Commercial Paper and after giving effect thereto, (i) no Mandatory Liquidation Event shall have occurred, and (ii) no Mandatory CP Wind-Down Event shall have occurred with respect to which the Administrative Agent shall have instructed the Depositary not to issue additional Commercial Paper.

• Not later than 2:00 p.m. (Atlanta, Georgia time) on each date of determination (which date of determination shall be at least quarterly and frequently as the Servicer shall require if a Credit Event has occurred and is continuing and after a Wind-Down Event), the Servicer shall (A) determine the Exchange Rate as of such date of determination with respect to Canadian Dollars, and (B) give notice thereof to the Sponsor and Participants.

• In the event a Cohort Threshold Breach occurs which the Arranger concludes in its reasonable judgement is attributable to a Product Wind-Down Event, the Arranger may demand the Product Wind-Down Event Makewhole Amount, and such amounts shall be due within ten (10) Business Days of Arranger's written demand.

• The Collateral Agent shall at all times after the occurrence of a Termination Event, Amortization Event or Wind-Down Event which has not been cured (except in the case of a Termination Event) or waived exercise such of the rights and powers vested in it pursuant to this Agreement using the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs.

More Definitions of Wind-Down Event

Wind-Down Event means the event that the Commitments are not extended for any reason and the Commitment Termination Date occurs.

Wind-Down Event means either (i) the event that the Commitments are not extended for any reason and the Commitment Termination Date occurs or (ii) the event that the Maximum Established Franchisee Recourse Amount is, at any date of determination, less than $20,000,000.

Wind-Down Event. The occurrence of any of the following events, provided that any condition set forth therein has been satisfied:

Wind-Down Event has the meaning assigned to such term in the Operating Agreement.

Wind-Down Event shall have the meaning specified in Section 6.2 of the Security Agreement.

Wind-Down Event means the disposition of the assets of Holdings, i4c, or the Habits at Work Business or the sale of Capital Stock of Holdings or i4c and the related wind-down of operations of each such Person, in one or a series of related transactions so long as (a) Net Cash Proceeds from a Wind-Down Event shall be paid to the Administrative Agent and applied to prepay the Term Loans in accordance with Section 2.02(b)(i) and (b) with respect to i4c, on or before July 31, 2017 (or such later date as may be agreed to by the Administrative Agent in its sole discretion), (i) all of the Capital Stock or assets of i4c shall have been sold, liquidated, contributed to Intersections, or otherwise disposed of, (ii) the Borrower Representative shall have delivered to the Administrative Agent evidence of such disposition, sale, or other transaction set forth in clause (i) above, in form, scope and substance acceptable to the Administrative Agent. Wind-Down Event shall also include the sale of the Capital Stock of Captira which occurred prior to the date of this Agreement.

Wind-Down Event has the meaning assigned to such term in Section 7.01 of the Credit Agreement.