Credit Agreement Event of Default definition

Credit Agreement Event of Default means any event or condition defined as an "Event of Default" in Section 6 of the Credit Agreement.

Credit Agreement Event of Default means any one or more of the events specified in Section 10.01 of the Credit Agreement.

Credit Agreement Event of Default means any “Event of Default,” as such term is defined in the Cendant Credit Agreement or any equivalent event which could result in an acceleration of indebtedness thereunder.

Examples of Credit Agreement Event of Default in a sentence

• If a Credit Agreement Event of Default shall occur, then in addition to having any other right or remedy available at law or in equity, the Agent may proceed under the applicable Uniform Commercial Code and exercise such rights and remedies as may be provided to a secured party by such Uniform Commercial Code with respect to all or any portion of the Trust Property which is personal property (including without limitation taking possession of and selling such property).

• Anything in this subsection to the contrary notwithstanding, the Agent agrees that it will not exercise any rights under the power of attorney provided for in this subsection unless a Credit Agreement Event of Default shall have occurred and be continuing.

• If a Credit Agreement Event of Default shall occur and be continuing, the Agent, on behalf of the Lenders, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the Code.

• The expenses of the Agent incurred in connection with actions undertaken as provided in this Section, together with interest thereon after a Credit Agreement Event of Default at the Overdue Rate from the date of payment by the Agent to the date reimbursed by the Borrower, shall be payable by the Borrower to the Agent on demand.

• Guarantor acknowledges and agrees that Funding Corporation has assigned its interest in the Promissory Note to Collateral Agent and upon the occurrence of a Default or a Credit Agreement Event of Default, Collateral Agent may (but shall not be obligated to) take any and all actions which Funding Corporation may take under this Agreement.

More Definitions of Credit Agreement Event of Default

Credit Agreement Event of Default shall have the meaning attributed to the term "Event of Default" set forth in the Credit Agreement.

Credit Agreement Event of Default means an "Event of Default" as such term is defined in the Credit Agreement.

Credit Agreement Event of Default means an "Event of Default" as such term is defined in Section 7 of the Credit Agreement.

Credit Agreement Event of Default has the meaning assigned to such term in the Security Agreement.

Credit Agreement Event of Default shall have the meaning --------------------------------- set forth in Section 5.1 of this Agreement.

Credit Agreement Event of Default shall have the meaning set forth in Section 6.1 of the Credit Agreement.

Credit Agreement Event of Default means any Credit Loan Event of Default and/or any Mortgage Loan Event of Default, as applicable.