Potential Defaults Sample Clauses
Potential Defaults. None of the Lenders shall have any obligation to advance or re-advance any sums pursuant to the Revolving Loans, and Huntington shall have no obligation to issue or extend any Letters of Credit at any time when (a) an Event of Default has occurred and is continuing or (b) a set of facts or circumstances exists, which, by themselves, upon the giving of notice, the lapse of time, or any one or more of the foregoing, would constitute an Event of Default under Sections 10.1(g), (h), (i) or (j) of this Agreement (herein a "Potential Default").
Potential Defaults. None of the Banks shall have any obligation to advance or re-advance any sums pursuant to the Revolving Loans or issue or extend any Letters of Credit at any time when an Event of Default has occurred and is continuing or a set of facts or circumstances exists, which, by themselves, upon the giving of notice, the lapse of time, or any one or more of the foregoing, would constitute an Event of Default under Sections 10.1(g), (h), (i) or (j) of this Agreement, and in the instance of a set of facts or circumstances existing which, upon the giving of notice or the lapse of time, would constitute an Event of Default pursuant to Section 10.1(k) of this Agreement, and such facts or circumstances have existed for more than 48 hours (herein a " Potential Default").
Potential Defaults. Subject to the satisfaction of the conditions in Section 8 below:
(i) to the extent that the CBCA Proceedings in respect of the Recapitalization Transaction constitute a Default or Event of Default under Section 12.1(f) of the Note Purchase Agreement, each of the Holders (and by their execution hereof, hereby authorize the Agent to, and the Agent does) hereby: (A) waive such Default and/or Event of Default and (B) waive and rescind any automatic acceleration in connection therewith; provided, however, in the event that the CBCA Proceedings results, directly or indirectly, in an event of default under the Bank Facility, the Existing Unsecured Senior Notes or the Convertible Debentures (except to the extent (i) subject to a stay under the CBCA Proceedings, during the period of the stay, (ii) waived pursuant to an express waiver thereof from the requisite majority of holders of such Debt, for so long as such waiver remains in effect, or (iii) permanently released pursuant to a final and binding order of the Court) at any point in time after the Initial Effective Date, the Issuer shall promptly (and in any case within one (1) Business Day) upon becoming aware thereof provide written notice (which may be through electronic mail) of such event of default to the Agent and the Holders (and failure to deliver such notice shall constitute an immediate Event of Default under the Note Documents) and the waiver contained in this Section 3(a)(i) shall be terminated as a result thereof upon notice by the Majority Holders to the Issuer; and
(ii) to the extent that any default under the Existing Unsecured Senior Notes and the Convertible Debentures in existence during the pendency of the CBCA Proceedings solely on account of the non-payment of interest would constitute a Default or Event of Default under Section 12.1(l) of the Note Purchase Agreement, each of the Holders (and by their execution hereof, hereby authorize the Agent to, and the Agent does) hereby waive such Default and/or Event of Default; provided, however, (A) in the event that the CBCA Proceedings are terminated prior to the implementation of the Recapitalization Transaction and without such Default or Event of Default being (i) cured by the Issuer, (ii) permanently waived pursuant to an express waiver thereof from the requisite majority of holders of such Debt, or (iii) permanently released pursuant to a final and binding order of the Court, or (B) in the event that such default under the Existing Unsecure...
Potential Defaults. None of the Revolving Lenders shall have any obligation to advance or re-advance any sums pursuant to the Revolving Loans and no Issuing Bank shall have any obligation to issue, procure or extend any Letters of Credit at any time when an Event of Default or a Potential Default has occurred and is continuing.
Potential Defaults. Property Franchise Agreement Brief Description
Potential Defaults. Subject to the obligation, if any, of the Lenders pursuant to Section 1.4(d) hereof, none of the Lenders shall have any obligation to advance or re-advance any sums pursuant to the Revolving Loans, the Swing Line Bank shall have no obligation to advance any Swing Line Loan, and Huntington shall have no obligation to issue or extend any Letters of Credit at any time when an Event of Default or a Potential Default has occurred and is continuing.
Potential Defaults. The anticipated failure of the Borrower to repay, on or prior to September 30, 2023, the entire principal amount of all Loans which have accrued under the Credit Agreement as required under Sections 2.1(a) and 2.6 of the Credit Agreement. The failure to make such repayment will be an immediate Event of Default under Section 9.1(a)(i) of the Credit Agreement.
Potential Defaults. The Existing Borrowers hereby acknowledge that Lender has notified them that the following breaches or violations of the Loan Agreement have occurred which, if not cured within the applicable grace period provided in the Loan Agreement, will constitute additional Events of Default (the "Potential Defaults"):
Potential Defaults. Except as otherwise provided in this Agreement, in the event either Party (the “Defaulting Party”) fails to perform, or delays in the performance of, any obligation, in whole or in part, required to be performed by the Defaulting Party as provided in this Agreement (a “Potential Default”), the other Party (the “Injured Party”) may give written notice of such Potential Default to the Defaulting Party (the “Default Notice”), which Default notice shall state the particulars of the Potential Default. The Parties agree to cooperate in good faith and meet and confer regarding each Potential Default.
Potential Defaults. Subject to the obligation, if any, of the Lenders pursuant to Section 1.4(d) hereof, none of the Lenders shall have any obligation to advance or re-advance any sums pursuant to the Revolving Loans, the Swing Line Bank shall have no obligation to advance any Swing Line Loan, and Huntington shall have no obligation to issue or extend any Letters of Credit at any time when (a) an Event of Default has occurred and is continuing or (b) a set of facts or circumstances exists, which, by themselves, upon the giving of notice, the lapse of time, or any one or more of the foregoing, would constitute an Event of Default under Sections 10.1(g), (h), (i) or (j) of this Agreement (herein a "Potential Default"). BORROWING BASE DEFINITIONS