Permitted Secured Party

Example Definitions of "Permitted Secured Party"
Permitted Secured Party. Means, with respect to the exercise of any remedy provided for under this Agreement, any Secured Party that has delivered a Commencement Notice with respect to the exercise of such remedy to the other Secured Parties and has not received a Veto Notice with respect thereto within the Veto Period; provided, however, there shall only be a single Permitted Secured Party that may exercise any specific remedy at any one time (it being agreed that if a Commencement Notice is delivered by more than one... Secured Party with respect to any remedy provided for under this Agreement, then the first Secured Party to deliver a Commencement Notice and not receive a Veto Notice within the Veto Period shall be the only Secured Party that may exercise such remedy). View More Arrow
Found in Magnum dOr Resources Inc contract
Permitted Secured Party. Means, with respect to the exercise of any remedy provided for under this Agreement, (A) any Secured Party that has delivered a Commencement Notice with respect to the exercise of such remedy to the other Secured Parties and has not received a Veto Notice with respect thereto within the Veto Period or (B) any Significant Secured Party that has in connection with a Commencement Notice delivered a Veto Notice to a Secured Party within the Veto Period; provided, however, there shall only be a... single Permitted Secured Party that may exercise any specific remedy at any one time (it being agreed that if a Commencement Notice is delivered by more than one Secured Party with respect to any remedy provided for under this Agreement, then the first Secured Party to deliver a Commencement Notice and not receive a Veto Notice within the Veto Period shall be the only Secured Party that may exercise such remedy). remedy) View More Arrow
Found in ENDRA Life Sciences Inc. contract
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