FLG Events of Default. If the DSCR falls below 1.40x, then a 30-day consultation process between the Guarantor and the relevant Borrower is triggered during which time information shall be provided to Canada to advise it of the reasons for such a decline and how the Borrower proposes to increase the DSCR. If it falls below 1.20x, then there shall be no distribution to equity holders. If it falls below 1.10x, it shall constitute an Event of Default. MF, LTA, and XXX xxxx have cross-default provisions such that an event of default of any one Borrower will represent an event of default of each of the other two Borrowers. There shall be no cross-default provisions in respect of Maritime Link. The following is a non-exhaustive list of Events of Default in respect of each Project for purposes of the FLG:
FLG Events of Default. The following is a non-exhaustive list of Events of Default in respect of each Project for purposes of the FLG:
