No Replacement Possible/Events of Default Sample Clauses

No Replacement Possible/Events of Default. If an Event of Default shall have occurred which has not been waived, other than an Event of Default under subsection 15.1.3, or if no Facility A Lender agrees to act as a replacement for the Retiring Swing Line Lender (in such case, the affected Swing Line Lender or Swing Line Lenders are herein referred to as the "FORMER SWING LINE LENDER"), the Facility A Borrowers shall be deemed to have made a request for a Prime Rate Advance or a US Prime Rate Advance, as the case may be, under Facility A, and each Facility A Lender shall make a Prime Rate Advance or a US Prime Rate Advance, as the case may be, available to the Agent, on the date referred to in the first sentence of subsection 4.4.3, for the purpose of repaying the principal amount of the Swing Line Loans owed to the Former Swing Line Lender, in the amount of such Facility A Lender's Commitment percentage multiplied by the amount of the outstanding Swing Line Loans owing to the Former Swing Line Lender (the "LENDER SWING LINE REPAYMENTS"). From and after such date, the Facility A Borrowers shall not have any further right to obtain Swing Line Advances and any outstanding Swing Line Loans will continue to form part of the Loans made under Facility A. However, if a Default under subsection 15.1.3 shall have occurred and be continuing, or if an Event of Default under subsection 15.1.3 shall have occurred and not been waived, the Facility A Lenders shall not make such Lender Swing Line Repayments and the provisions of subsection 4.4.5 shall apply.
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Related to No Replacement Possible/Events of Default

  • No Events of Default No Event of Default has occurred and is continuing nor has any event occurred which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

  • Concerning the Trustee Events of Default Section 6.01

  • Notice of Events of Default or Unmatured Events of Default A statement of a Financial Officer of the Servicer setting forth details of any Event of Default or Unmatured Event of Default that has occurred and is continuing and the action which the Servicer proposes to take with respect thereto.

  • Lease Events of Default The following events shall constitute Lease Events of Default hereunder (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and each such Lease Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied:

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • No Event of Default, etc No condition or event has occurred or exists which constitutes or which, after notice or lapse of time or both, would constitute an Event of Default.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • Other Events of Default Notwithstanding anything to the contrary herein, if the Company elects to pay Special Interest with respect to any Reporting Event of Default, the Company’s election will not affect the rights of the Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default; provided, that, for the avoidance of doubt, in no event will the Company be obligated to pay Special Interest at a rate greater than 0.50% per annum on the principal amount of this Note.

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