Continuing Event of Default definition

Continuing Event of Default means any Event of Default that has occurred and is continuing and has not been waived or cured in accordance with the provisions of the Credit Agreement. Any Event of Default not so waived or cured prior to the exercise by the Administrative Agent of remedies under Section 8.2 of the Credit Agreement (or prior to the occurrence of an Event of Default under Section 8.1(d) of the Credit Agreement) will be a Continuing Event of Default notwithstanding any subsequent cure.
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Continuing Event of Default means an Event of Default which has not be remedied or waived;
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Continuing Event of Default means, at any date of determination, an Event of Default that has occurred or exists and is continuing.
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Examples of Continuing Event of Default in a sentence

  • Secured Party shall have no liability or duty, either before or after the occurrence of an Uncured Continuing Event of Default, on account of loss of or damage to, to collect or enforce any of its rights against, the Collateral, to collect any income accruing on the Collateral, or to preserve rights against Persons with prior interests in the Collateral.

  • Secured Party shall have the right, in addition to all other rights and remedies available to it, following an Uncured Continuing Event of Default, to set off against any Obligations due Secured Party, any debt owing to the Company by Secured Party.

  • The Borrower shall not be entitled to draw from the Earnings Account if a Continuing Event of Default has occurred.

  • For each Loan, interest shall be payable monthly commencing on July 1, 2010, and on the first day of each succeeding month, until the maturity of the applicable Note (whether by demand, acceleration or otherwise) and during a Continuing Event of Default or after maturity (whether by demand, acceleration or otherwise), such Loan shall be payable on demand.

  • During a Continuing Event of Default, Bank may in its sole discretion apply any cash Collateral or the proceeds of any other Collateral to any portion of the Obligations.

  • No notice need be given to the Pledgor if (a) it has signed, during a Continuing Event of Default, a statement renouncing or modifying any right to notice of sale or other intended disposition or (b) a First Look Bidder has failed to pay in full in accordance with Section 6.5(b).

  • During a Continuing Event of Default, the principal amount of all outstanding Obligations shall bear interest at the Default Rate and shall be payable on demand.

  • During a Continuing Event of Default under any other clause of Section 8.1, at the option of Bank upon notice to Borrower, (i) all Obligations shall be due and payable in full immediately and the Commitments shall be automatically and immediately terminated without presentation, demand, protest, notice of dishonor or other notice of any kind, all of which are hereby expressly waived.

  • Stated differently, [a defendant] must present additional evidence that was not available at trial and would not have been despite his exercise of due diligence.

  • During a Continuing Event of Default under the Loan Documents, the Administrative Agent shall consult with the other Lenders to determine a course of action to be taken by the Lenders on account of such Continuing Event of Default.


More Definitions of Continuing Event of Default

Continuing Event of Default means (i) with respect to the Senior Loan and the Senior Loan Documents, any “Event of Default” (as defined therein) thereunder which has occurred and is continuing for which (a) Senior Lender has provided notice of such Event of Default to Junior Lenders and any Loan Pledgee in accordance with Section 12(a), and (b) the cure periods provided to Junior Lenders and their respective Loan Pledgees (if any) pursuant to Section 12(b) and Section 12(c) shall have expired, and (ii) with respect to each Senior Junior Loan, any “Event of Default” as defined in the related Senior Junior Loan Documents which has occurred and is continuing for which (x) the related Senior Junior Lender has provided notice of such Event of Default in accordance with Section 12(d), and (y) the cure periods of each Subordinate Junior Lender and its respective Loan Pledgees (if any) pursuant to Section 12(e) and Section 12(f) shall have expired.
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Continuing Event of Default means (a) with respect to the Senior Loan and the Senior Loan Documents, any “Event of Default” (as defined therein) thereunder which has occurred and is continuing for which (i) Senior Lender has provided notice of such Event of Default to Junior Lenders and any Loan Pledgee in accordance with Section 12(a), and (ii) the cure periods provided to all Junior Lenders and their respective Loan Pledgees (if any) pursuant to Section 12(b) and Section 12(c) shall have expired or terminated, and (b) with respect to a Senior Junior Loan, any “Event of Default” as defined in the Senior Junior Loan Documents which has occurred and is continuing for which (i) a Senior Junior Lender has provided notice of such Event of Default in accordance with Section 12(d), and (ii) the cure periods of the Subordinate Junior Lender and its Loan Pledgees (if any) pursuant to Section 12(e) and Section 12(f) shall have expired or terminated.
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Continuing Event of Default means (i) with respect to the Whole Loan and the Mortgage Loan Documents, any “Event of Default” (as defined therein) thereunder which has occurred and is continuing for which (a) Mortgage Lender has provided notice of such Event of Default to Junior Lenders and any Load Pledgee in “—Cure Rights” in accordance with the terms of the Mezzanine Intercreditor Agreement, and (b) the cure periods provided to Junior Lenders and their respective Loan Pledgees, if any, in “—Cure Rights” have expired, and (ii) with respect to each Senior Junior Loan, any “Event of Default” as defined in the related Senior Junior Loan Documents which has occurred and is continuing for which (x) the related Senior Junior Lender has provided notice of such Event of Default in accordance with the terms of the Mezzanine Intercreditor Agreement, and (y) the cure periods of each Subordinate Junior Lender and its respective Loan Pledgees (if any) in “—Cure Rights” have expired.
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Continuing Event of Default shall have the meaning set forth in the Schedule. “Cure Period” shall have the meaning set forth in the Schedule.
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Continuing Event of Default means an Event of Default that has occurred and has not been either (a) cured within any notice and grace period applicable thereto hereunder, or (b) waived by the Lenders in writing.
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Continuing Event of Default means (i) a Monetary Event of Default or material Non-Monetary Event of Default has occurred and is continuing under the Loan Documents, and (ii) all rights of Junior Participant under this Agreement to receive notice of and opportunity to cure such Event of Default have expired without a cure.
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Related to Continuing Event of Default

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Event of Default has the meaning specified in Section 8.01.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.