Credit Event of Default definition

Credit Event of Default means an “Event of Default” as defined in the Credit Agreement.”
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Credit Event of Default means any of those Events of Default set forth in Sections 6.1(a), 6.1(d), 6.1(e), 6.1(f), 6.1(g), 6.1(h), 6.1(i), 6.1(j), 6.1(k), 6.1(l), 6.1(m),
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Credit Event of Default means any of those Events of Default set forth in Section 7.01(a), (b), (c), (d), (g), (j)(i)(A) or (k) hereof.
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Examples of Credit Event of Default in a sentence

  • Both before and after giving effect to the Eximbank Disbursement, no Lender Credit Default, Lender Credit Event of Default, Default or Event of Default exists or will exist that has not been cured or waived.

  • Any Revolving Credit Event of Default shall have occurred and be continuing; or (ii) any "termination event" under and as defined in the Receivables Sale Agreement as in effect on the Closing Date, or any event entitling the Persons financing the Receivables to stop funding the purchase of Receivables from all sellers of Receivables under any subsequent Receivables Sale Agreement, shall have occurred and be continuing.

  • Additionally, upon the occurrence or during the continuance of any Credit Event of Default hereunder, all sums payable by the Department (including, without limitation, each Revolving Loan and Term Loan) to the Bank hereunder shall bear interest at the Default Rate.

  • If the Lessor fails to make such payment when due (a "PAYMENT DEFICIENCY"), or, if and to the extent such payment is to be applied to the reimbursement of an Interest Drawing or a Program Expense Drawing, within five Business Days thereafter, the same shall constitute a Credit Event of Default under this Reimbursement Agreement and, without limitation of the foregoing, such amount shall bear interest at the Overdue Rate from and after the date such amount becomes due and payable hereunder.

  • After the occurrence and during the continuance of a Revolving Credit Event of Default, the Revolving Credit Agent shall receive for the benefit of the Revolving Credit Secured Parties, the Term Loan Agent and the Term Loan Lenders any dividends paid by any Subsidiaries of the Credit Parties and apply such dividends in accordance with Section 2.1 hereof, to the extent then applicable.

  • Accrual of such interest and the acceptance of payment of such interest by the Credit Bank thereof on any one or more occasions shall not constitute a waiver of any Credit Event of Default occurring upon the failure of the Lessor to immediately reimburse the Credit Bank for the amount of the Drawing(s) with respect to which such interest shall have accrued.

  • The collection of interest by the Credit Bank on any one or more occasions shall not constitute a waiver of the Credit Event of Default arising upon failure by the Lessor to make payment to the Credit Bank when due of the amounts with respect to which such interest accrues.

  • No express or implied waiver by the Credit Bank of any Credit Event of Default shall in any way be, or be construed to be, a waiver of any future or subsequent Credit Event of Default.

  • In the event of any Principal Drawing, Interest Drawing or Program Expense Drawing, the Lessor shall immediately pay to the Credit Bank the amount paid by the Credit Bank to duly honor such Drawing, and failure to so immediately reimburse the Credit Bank shall constitute a Credit Event of Default under this Agreement.

  • The occurrence and continuance, as applicable, of a Revolving Credit Event of Default or Term Loan Event of Default, upon the written request of the Priority Lien Agent delivered to the other Agent not less than five (5) Business Days prior to the proposed sale or disposition of any Collateral.


More Definitions of Credit Event of Default

Credit Event of Default means any of the events specified in Article V of the Reimbursement Agreement, PROVIDED THAT any requirement for the giving of notice or for the lapse of time has been satisfied in connection with such event.
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Related to Credit Event of Default

  • 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.

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

  • 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).

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

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

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

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

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

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

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

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

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

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

  • 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.

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

  • 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:

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

  • 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.

  • 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)).

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

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

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

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

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

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