Counterparty Event of Default definition

Counterparty Event of Default has the meaning ascribed to it in Section 11.3. “Counterparty Extension Period” has the meaning given to it in Section 9.4. “Counterparty Indemnitees” has the meaning ascribed to it in Section 16.3(b).
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Counterparty Event of Default means the occurrence of any event provided in Section 5 of the Swap Agreement in respect of the Counterparty;
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Counterparty Event of Default has the meaning ascribed to it in Section 9.3. “Counterparty Indemnitees” has the meaning ascribed to it in Section 13.3.
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Examples of Counterparty Event of Default in a sentence

  • Such notice may only be delivered if no Swap Counterparty Event of Default (or event which, with the giving of notice or the lapse of time or both, would constitute a Swap Counterparty Event of Default) or Swap Counterparty Termination Event has occurred and is continuing under the Swap Agreement.

  • Provided that Counterparty has performed all of its obligations required to be performed by it under this Agreement by the Closing Date and there is no Counterparty Event of Default, PGE shall by wire transfer, transfer funds equal to the Purchase Price on the Closing Date, less any paid Progress Payments, if applicable, to Counterparty.

  • For the avoidance of doubt, following the occurrence of a Counterparty Event of Default, no Liquidation shall be carried out by a Broker which is, or is an Affiliate of, theCounterparty and in such circumstances the Liquidation shall be carried out using a Broker approved by the Trustee which is not affiliated with such Counterparty.

  • In addition to its rights of set off available to it at law, if a Counterparty Event of Default has occurred and is continuing, each Generator may set off its obligations to make a payment to the Counterparty hereunder against any payments owed to it, though not in respect of any Commodity Taxes payable by such Generator to the Counterparty.

  • Notwithstanding the foregoing, any notices of a Generator Event of Default, a Counterparty Event of Default and termination of this Agreement shall only be given by hand or courier delivery.


More Definitions of Counterparty Event of Default

Counterparty Event of Default means an Event of Default in relation to which the Counterparty is the Defaulting Party (as such terms are defined in the relevant Swap Agreement).A “Charged Assets Default” shall occur if the Trustee is notified by the Company, any Counterparty or any of the Noteholders that Information exists of any of the following events or circumstances:
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Related to Counterparty Event of Default

  • 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).

  • 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.

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

  • 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.

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

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

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

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

  • 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)).

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

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

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

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

  • 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:

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

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

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

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

  • 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.

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

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

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

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

  • 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;

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