Step-In Notice definition

Step-In Notice has the meaning set out in Section 3.1;

Step-In Notice has the meaning given to it in Section 4.01(a). Step-in Period in relation to a Step-in Entity means the period from and including the Step-in Date until the earliest of:

Step-In Notice means a notice given by the Agent to the Authority pursuant to Section 4;

Examples of Step-In Notice in a sentence

• The Agent shall give the Authority not less than 5 Business Days prior notice of: its intention to issue a Step-In Notice; and the identity of the proposed Appointed Representative.

• If the Additional Obligor named in a Step-In Notice signs and delivers to the Contractor (with a copy thereof to the other Parties to this Agreement) an Accession Notice, then such Additional Obligor shall become jointly and severally entitled to exercise the rights of the Borrower under the Relevant Document and this Agreement pursuant to Clause 13 (Rights and Obligations on Accession) on and from the date of such Accession Notice (the "Accession Date").

• Additional Obligor Step-In Notice has the meaning given in clause 7.1(a)(iv).

• The Agent may give only one Step-In Notice following delivery of any one Indicative Notice, unless the Agent is permitted pursuant to Section 4.6 [Province Objection to Proposed Appointed Representative] of this Agreement to issue a new Step-In Notice.

• The Authority will not issue a Step-In Notice at any time that the Senior Lenders are validly exercising under any Senior Financing Agreement any step-in rights with respect to the Material Contract and the running of all notice periods and timelines set out in Section 3.1 will be suspended until such time as the Senior Lenders are no longer exercising, or are no longer permitted to exercise, such rights under any Senior Financing Agreement.

More Definitions of Step-In Notice

Step-In Notice means the notice given by Agent to Hospital pursuant to Section 7.1 stating that Agent is exercising its step-in rights under Article 7 of this Lender’s Direct Agreement.

Step-In Notice means the notice given by Agent to Owner pursuant to Section 7.1 stating that Agent is exercising its step-in rights under this Xxxxxx’s Direct Agreement.

Step-In Notice has the meaning given in Clause 31.1 (Step-In Rights);

Step-In Notice has the meaning given to it in Section 7.1 below.

Step-In Notice means the notice given by the Lender to the Province pursuant to Section 2.9(a) stating that the Lender is exercising the step-in rights under this Agreement and identifying the Representative;

Step-In Notice has the meaning as set out in Section 9.1;

Step-In Notice has the meaning given in Section 6(a).