Borrower Event of Default definition

Borrower Event of Default has the meaning set forth in Section 6.3.

Borrower Event of Default means, with respect to any Securities Borrowing Agreement, the occurrence of an Event of Default (as defined therein) or Default (as defined therein) entitling Lender to terminate Loans thereunder.

Borrower Event of Default has the meaning assigned to that term in Section 7.2.

Examples of Borrower Event of Default in a sentence

• Following the enforcement of a Borrower Event of Default, the Issuer undertakes to comply with the Amortisation Test.

• Upon the occurrence of a Hedging Rating Trigger Event, and, as applicable, upon the occurrence of any Borrower Event of Default, the Issuer undertakes to take all reasonable steps to implement the Hedging Strategy as described under section "Hedging Strategy" of this Base Prospectus.

• Following the enforcement of a Borrower Event of Default subject to, and in accordance with, the relevant terms of the Borrower Facility Agreement, the Issuer undertakes to comply with the Amortisation Test.

• In addition, from time to time, but not more often than twice each year (and upon the occurrence and during the continuation of a Borrower Event of Default as often as Lender in its sole discretion deems necessary in order to monitor the business activities of Borrower), representatives of Lender shall have the right to conduct an audit of the books and records of Borrower.

• Following the enforcement of a Borrower Event of Default subject to, and in accordance with, the relevant terms of the Borrower Facility Agreement, the Issuer undertakes to comply with the Amortisation Test as described under section "Asset Monitoring" of this Base Prospectus.

More Definitions of Borrower Event of Default

Borrower Event of Default an “Event of Default” as defined in the Indenture.

Borrower Event of Default means an Event of Default with respect to a Borrower (A) of any of the types described in paragraphs (f), (h), (i), (j), (k) or (l) of Section 8.1, (B) arising from such Borrower’s failure to comply with any of the covenants set forth in Sections 6.3, 6.6 and 7.3, or (C) arising from such Borrower’s failure to maintain the status, registration and qualifications of such Borrower and its Related Funds under the ICA and the Code in accordance with Section 6.9. “Borrower Default” shall mean any event giving rise to a Borrower Event of Default, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied.

Borrower Event of Default has the meaning provided in Section 21(a) (Events of Default).

Borrower Event of Default. , "Unmatured Guarantor Event of Default" or "Unmatured Borrower Event of Default" (as such terms are defined in the Bridge Agreement) exists under the Bridge Agreement.

Borrower Event of Default means the occurrence of one or more of any of the following events:

Borrower Event of Default means the failure of Borrower to (i) pay when due any monetary obligations required to be paid to Lender hereunder or (ii) perform, comply with or observe any agreement, covenant or obligation under Section 3.________________________

Borrower Event of Default shall have the meaning given such term in Section 9.