Outside Control Termination Event Notice definition

Outside Control Termination Event Notice. A written notice from a party to the pooling and servicing agreement governing the securitization of the related Serviced Outside Controlled Pari Passu Companion Loan indicating that a “control termination event” (or the equivalent) has occurred and is continuing under such pooling and servicing agreement, which may be revoked in accordance with the terms of such pooling and servicing agreement if such control termination event ceases to exist.
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Examples of Outside Control Termination Event Notice in a sentence

  • If any party hereto receives an Outside Control Termination Event Notice or an Outside Consultation Termination Event Notice, or any notice of revocation of either of the foregoing, it shall promptly deliver a copy of such notice to the other parties hereto; provided, however that if a party has delivered a notice to the other parties hereto in accordance with this Section 3.32, such party shall not be required to re-deliver the same notice if such party subsequently receives the same notice again.

Related to Outside Control Termination Event Notice

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Early Termination Event has the meaning specified in Section 9.2.