CBC Event of Default means any of the events specified as such in Condition 10(b) (CBC Events of Default).
CBC Event of Default means any one of the circumstances described in Condition 10(b).
Examples of CBC Event of Default in a sentence
However, the CBC shall have no such obligation until (i) the occurrence of an Issuer Event of Default, service by the Security Trustee on the Issuer of an Issuer Acceleration Notice and service by the Security Trustee on the CBC of a Notice to Pay or (ii) the occurrence of a CBC Event of Default and the service by the Security Trustee of a CBC Acceleration Notice on the Issuer and the CBC.