Potential Events of Default Sample Clauses

Potential Events of Default. Section 2(a)(iii) is amended by the deletion of the words “or Potential Event of Default”.
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Potential Events of Default. Notwithstanding any other terms of the Lombard UK Agreements, Lombard may in its absolute discretion refuse to permit any drawing on the Lombard UK Facility for so long as there exists a Potential Event of Default.
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Potential Events of Default. The Borrower has informed the Administrative Agent and the Lenders that certain Events of Default may occur as a result of: (a) the Borrower’s failure to comply with the Consolidated Leverage Ratio set forth in Section 7.11(a) of the Credit Agreement for the Fiscal Quarter ended on or about March 31, 2020; (b) the Borrower’s failure to comply with the Consolidated Pre-Distribution Fixed Charge Coverage Ratio set forth in Section 7.11(b) of the Credit Agreement for the Fiscal Quarter ended on or about March 31, 2020; and (c) the Borrower’s failure to comply with the Consolidated Post-Distribution Fixed Charge Coverage Ratio set forth in Section 7.11(c) of the Credit Agreement for the Fiscal Quarter ended on or about March 31, 2020 (collectively, the “Potential Events of Default”).
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Potential Events of Default. Notwithstanding any other terms of the XxX, no Utilisation may be made without Lombard’s prior written consent for so long as there exists a Default.
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Potential Events of Default. In consideration of the foregoing waiver, the Borrower hereby agrees that concurrently with its execution hereof, the Borrower will repay the outstanding Revolving Loans, together with accrued and unpaid interest thereon and all amounts owing in connection therewith pursuant to Section 2.09(d) of the Credit Agreement, in an amount sufficient to reduce the aggregate Revolving Credit Exposures (other than the LC Exposures) to zero.
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Potential Events of Default. Section 2(a)(iii) is amended by the deletion of the words "or Potential Event of Default".
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Potential Events of Default. (1) Defaults and Events of Default arising under Section 7.01(d) of the Credit Agreement as a result of the Borrower’s potential failure to comply with the financial covenants set forth in Section 6.10(a) and/or Section 6.10(b) of the Credit Agreement for the fiscal quarter ending March 31, 2020.
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Potential Events of Default. For the purposes of this Agreement, each of the following shall constitute a Potential Event of Default provided the same would have a Material Adverse Effect;
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Related to Potential Events of Default

  • 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.

  • Other Events of Default Determination by COUNTY, the State Fair Employment Commission, or the Federal Equal Employment Opportunity Commission of discrimination having been practiced by CONTRACTOR in violation of State and/or Federal laws thereon.

  • 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.

  • Events of Default Any of the following shall constitute an Event of Default:

  • Events of Default and Termination Events (i) The following provisions of Section 5 will not apply to either Party A or Party B: Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v) Section 5(a)(vi) Section 5(b)(iii) Section 5(b)(iv)

  • 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:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • 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:

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

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