Guarantor Event of Default definition

Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

Guarantor Event of Default has the meaning given to it in Condition 7.02 (Guarantor Events of Default);

Guarantor Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee Agreement; provided, however, that, except with respect to a payment default, the Guarantor shall have received notice of default and shall not have cured such default within 90 days after receipt of such notice.

Examples of Guarantor Event of Default in a sentence

• For the purposes of these Terms and Conditions, a “Covered Bond Guarantee Activation Event” means the earlier to occur of (i) an Issuer Event of Default together with the service of an Issuer Acceleration Notice on the Issuer and the service of a Notice to Pay on the Guarantor; and (ii) a Guarantor Event of Default together with the service of a Guarantor Acceleration Notice on the Issuer and the Guarantor.

• Such failure to pay by the Guarantor shall not constitute a Guarantor Event of Default.

• For so long as there is no Guarantor Event of Default, the duties and obligations of the Trustee will be determined solely by the express provisions of the Trust Documents.

• Except when a Guarantor Event of Default has occurred and is continuing, the Guarantor may remove a successor Trustee for any reason or no reason, solely pursuant to the Trust Documents, and appoint another successor Trustee by written instrument within 90 days after the date notice is given to such predecessor Trustee of its removal.

• Under the Cover Pool Management Agreement, the Guarantor must ensure that, on each Calculation Date following service of an Issuer Default Notice on the Issuer and the Guarantor but prior to a Guarantor Event of Default and service of a Guarantor Default Notice, the Amortisation Test Aggregate Loan Amount will be in an amount at least equal to the aggregate principal amount of the Covered Bonds as calculated on the relevant Calculation Date.

More Definitions of Guarantor Event of Default

Guarantor Event of Default has the meaning set forth in Section 6.1.

Guarantor Event of Default means the occurrence of any of the following specified events:

Guarantor Event of Default has the meaning set forth in Section 12 of the Guaranty.

Guarantor Event of Default means an Event of Default under and as -------------------------- defined in Section 15 hereof. ----------

Guarantor Event of Default means the occurrence and continuance of any "Event of Default" as defined in the Guaranty Agreement.

Guarantor Event of Default is defined in Article V hereof.

Guarantor Event of Default means an event described in Section 5.