Potential Event of Default definition

Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

Potential Event of Default means an event or circumstance which, with the giving of any notice, the lapse of time, a determination of the Lender and/or the satisfaction of any other condition, would constitute an Event of Default;

Potential Event of Default means an event or circumstance that could, with the giving of notice, lapse of time and/or issue of a certificate become an Event of Default.

Examples of Potential Event of Default in a sentence

• At any time a Party may waive any right, including with respect to any default, Potential Event of Default or Event of Default, under or arising out of or in connection with this Agreement without the requirement of a writing signed by an authorized representative of the waiving Party.

• Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing.

More Definitions of Potential Event of Default

Potential Event of Default means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default.

Potential Event of Default means an event or circumstance that could with the giving of notice, lapse of time, issue of a certificate and/or fulfilment of any other requirement provided for in Condition 10 become an Event of Default;

Potential Event of Default means an event which, with notice or passage of time or both, would constitute an Event of Default.

Potential Event of Default means any event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

Potential Event of Default means a condition or event which, after notice or lapse of time or both, would constitute an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period.

Potential Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Event of Default.

Potential Event of Default means any event which may become (with the passage of time, the giving of notice, the making of any determination hereunder or any combination thereof) an Event of Default;