Unconditional Demand Feature definition

Unconditional Demand Feature means a Demand Feature that by its terms would be readily exercisable in the event of a default in payment of principal or interest on the underlying security or securities.
Sample 1Sample 2Sample 3
Unconditional Demand Feature means an Unconditional Put that is also a Demand Feature.
Sample 1
Unconditional Demand Feature means a Demand Feature that by its terms would be readily exercisable inthe event of a default in payment ofprincipal or interest on the underlying security or securities.
Sample 1Sample 2

Examples of Unconditional Demand Feature in a sentence

  • A Guarantee includes a letter of credit, financial guaranty (bond) insurance, and an Unconditional Demand Feature (other than an Unconditional Demand Feature provided by the issuer of the security).

  • Conditional Demand Feature shall mean a Demand Feature that is not an Unconditional Demand Feature.

  • Guarantee shall mean an unconditional obligation of a person other than the issuer of the security to undertake to pay, upon presentment by the holder of the Guarantee (if required), the principal amount of the underlying security plus accrued interest when due or upon default, or, in the case of an Unconditional Demand Feature, an obligation that entitles the holder to receive upon exercise the approximate amortized cost of the underlying security or securities, plus accrued interest, if any.

  • Unconditional Demand Feature shall mean a Demand Feature that by its terms would be readily exercisable in the event of a default in payment of principal or interest on the underlying security or securities.

Related to Unconditional Demand Feature

  • Registration Notice has the meaning specified in Section 2.1(a).

  • Demand Notice has the meaning set forth in Section 2(a)(i).

  • Review Demand Date means, for a Review, the date when the Indenture Trustee determines that each of (a) the Delinquency Trigger has occurred and (b) the required percentage of Noteholders has voted to direct a Review under Section 7.2 of the Indenture.

  • Piggyback Request has the meaning set forth in Section 2(b).

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Extension Notice has the meaning specified in Section 308.

  • L/C Request has the meaning specified in Section 2.4(b).

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Renewal Request means a written notice delivered to the Agent in accordance with Clause 6.7 (Renewal of a Letter of Credit or Bank Guarantee); and

  • Registration decal means an adhesive sticker produced by the department and issued by the

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Issuance Request means a Letter of Credit request and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit B-2 hereto.

  • Revocation or suspension notice means a board notification suspending a license for an indefinite or specified period of time or a notification revoking a license as required by the Act.

  • Support Request means a request for assistance received by Blackboard's Service Desk and/or Service Desk Infrastructure from an Authorized User, such as any answered phone call, answered email, or answered chat.

  • Demand Party has the meaning set forth in Section 2.2(a).

  • Demand Period has the meaning set forth in Section 2.01(c).

  • Registration Request has the meaning set forth in Section 2.01(a).

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Peak Demand means the maximum Metered Demand in the last 12 months;

  • FOIA notice means a decision notice, enforcement notice and/or an information notice;

  • Piggyback Notice has the meaning specified in Section 2.02(a).