Continuing Event of Default definition
Continuing Event of Default means any Event of Default as defined in the Credit Agreement that has occurred and is continuing and has not been waived or cured in accordance with the provisions of the Credit Agreement. For the avoidance of doubt, any Event of Default not waived or cured prior to the exercise by the Administrative Agent of remedies under Section 8.02(b) of the Credit Agreement shall be a Continuing Event of Default notwithstanding any subsequent cure.
Continuing Event of Default means an Event of Default which has not be remedied or waived;
Continuing Event of Default means, at any date of determination, an Event of Default that has occurred or exists and is continuing.
Examples of Continuing Event of Default in a sentence
If a Continuing Event of Default exists, the Administrative Agent may institute and maintain, in its own name or in the name of the Pledgor, such suits and proceedings as the Administrative Agent may be advised by counsel shall be necessary or expedient to prevent any impairment of the security interest in or the perfection thereof in the Collateral.
More Definitions of Continuing Event of Default
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.
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.
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.
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.
Continuing Event of Default means any Event of Default that has occurred and is deemed to be continuing unless waived in accordance with the terms of the Credit Agreement, or the Administrative Agent otherwise agrees that such Event of Default is no longer continuing.
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.
Continuing Event of Default shall have the meaning set forth in the Schedule. “Cure Period” shall have the meaning set forth in the Schedule.