Agent Default definition

Agent Default an Agent has admitted in writing that it is insolvent or such Agent becomes subject to an Agent-Related Distress Event.
Sample 1Sample 2Sample 3
Agent Default means, to the extent that the Administrative Agent holds any Loans or Interim Loan Commitments hereunder, if it is a Defaulting Lender; provided, that, any reference to the Administrative Agent in the definition of “Defaulting Lender” shall be replaced by reference to “the Borrower and the Required Lenders.”
Sample 1Sample 2
Agent Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute an Agent Event of Default.
Sample 1

Examples of Agent Default in a sentence

  • Upon the occurrence of a Selling Agent Default, a Calculation Agent Default and/or an Agent Bank Default in respect of the Selling Agent, the Calculation Agent or the Agent Bank, as the case may be, the Issuer may appoint a Replacement Selling Agent, a Replacement Calculation Agent and/or a Replacement Agent Bank, as the case may be, pursuant to Condition 17 (Appointment of Replacement Selling Agent, Replacement Calculation Agent and Replacement Agent Bank).

  • Calculation Agent Default means the failure of the Calculation Agent to determine whether the Issuer has breached the Issuer Maintenance Covenant within 10 calendar days of the relevant Interest Payment Date.

  • To the knowledge of the Collection Agent, neither a Collection Agent Default nor an Event of Default has occurred and is continuing.

  • Upon the occurrence of a Selling Agent Default, a Calculation Agent Default and/or an Agent Bank Default in respect of the Selling Agent, the Calculation Agent or the Agent Bank, as the case may be, the Issuer may appoint a Replacement Selling Agent, a Replacement Calculation Agent and/or a Replacement Agent Bank, as the case may be, pursuant to Condition 18 (Appointment of Replacement Selling Agent, Replacement Calculation Agent and Replacement Agent Bank).

  • The Possibility Conflict of Interest and Professional Ethics Issues It is clear that a mediator cannot act for a citizen or represent their interests in the courts, or before state or municipal bodies and organizations.

  • The Agent Default Settings provides you with access to setting the Guard Timer Setting and Agent unavailable settings.

  • During the Administrative Agent Default Period, the Borrower and the Required Lenders may remove the Administrative Agent subject to the execution and delivery by the Borrower and the Required Lenders of removal and liability release agreements reasonably satisfactory to the Administrative Agent, which removal shall be effective upon the acceptance of appointment by a successor as the Administrative Agent.

  • Upon the occurrence of a Collection Agent Default, SunGard Funding shall have the right to remove and replace SunGard Parent as Collection Agent.

  • He also met with Dr. Steve Burian, Project Director CAS-W/UU and discussed the progress of exchange scholars and other governance related matters.

  • Following the RIPA Final Payment Date and so long as a Collection Agent Default has occurred and is continuing, the Purchaser may designate as Collection Agent any Person (including itself) to succeed IR Company or any successor Collection Agent, if such Person shall consent and agree to the terms hereof.


More Definitions of Agent Default

Agent Default means any of the events or actions described in clauses 11.7(a)(vii) or 32.2(a) to 32.2(k) of this Agreement. Agent’s Bank Staff Request has the meaning given in clause 10.9(c). Agreement means this OMB Agency Agreement.
Sample 1

Related to Agent Default

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).