Credit Event Conditions Clause Samples
The Credit Event Conditions clause defines the specific circumstances under which a credit event, such as default, bankruptcy, or restructuring, is deemed to have occurred in a financial contract. It typically outlines the types of events that qualify, the process for determining if a credit event has taken place, and any necessary notifications or documentation required. By clearly specifying these conditions, the clause ensures all parties have a mutual understanding of what triggers contractual remedies or obligations, thereby reducing ambiguity and potential disputes.
Credit Event Conditions. Each of the conditions set forth in Section 3.12 shall be satisfied with respect to Borrower, each Equity Party, the Subject Project Company, each Subject Intermediate Holding Company and the Subject Project as of the Credit Event Date.
Credit Event Conditions. Each of the conditions precedent set forth in Sections 3.12.2 and 3.
Credit Event Conditions. Each of the conditions set forth in Section 3.12 shall be satisfied with respect to Borrower, each Equity Party, each Approved Project Company, each Approved Intermediate Holding Company and each Approved Project (other than any Approved Project Company, Approved Intermediate Holding Company or Approved Project being released pursuant to Section 6.4, if applicable) as of the date on which such replacement occurs.
Credit Event Conditions. The conditions set forth in Section 3.2, with the exception of Sections 3.2.5-3.2.9 and 3.2.16, shall have been satisfied as of the date of Term-Conversion.