Default Trigger Event definition
Default Trigger Event means the occurrence of any of the following events with respect to the portfolio of Pledged Leases securing the Loan, in each case, to be tested as of the last day of each calendar month but without giving effect to any Vintage Pool created prior to the February 2019 Vintage Pool:
Default Trigger Event means the occurrence of one of the following events: (i) an Insolvency Event with respect to the Servicer or (ii) the failure of Servicer to perform any Guaranteed Servicer Obligation in accordance with the Servicing Agreement that, with giving of notice or lapse of time, would constitute a Servicer Default, which such failure continues unremedied for 53 days (or if the Default Trigger Event is a result of Servicer’s failure to make any payment, transfer or deposit, 4 Business Days) after the date of written notice thereof shall have been received by Servicer; provided that if Servicer’s failure was caused by an act of God or other similar occurrence then a Default Trigger Event shall not be deemed to have occurred until 7 days prior to the date on which a Servicer Default would result from such failure.
Default Trigger Event means the occurrence of any of the following events with respect to the portfolio of Pledged Leases securing the Loan, in each case, to be tested as of the last day of each calendar month:
Examples of Default Trigger Event in a sentence
No Protective Advance by Agent shall be construed as a waiver by Agent, or any Lender of any Default, Event of Default, Default Trigger Event, First Payment Default Trigger Event or any of the rights or remedies of Agent or any Lender.
More Definitions of Default Trigger Event
Default Trigger Event means the occurrence of any of the following events with respect to the portfolio of Pledged Leases securing the Loan, in each case, to be tested as of the last day of each calendar month but without giving effect to any Vintage Pool created prior to the January 2019 Vintage Pool:
Default Trigger Event means the occurrence of an Event of Default.
Default Trigger Event means, with respect to a Member, the date that such Member (a) has failed to make all or any portion of its required capital contribution under Section 4.5, 4.6 or Section 4.7 by the date such capital contribution is required to be made pursuant to Section 4.5 or 4.6 or by the date required to allow for the distribution by the date required pursuant to Section 4.7, as applicable, and (b) has not cured such failure within 30 days after the date such capital contribution was required to be made. AMENDED AND RESTATED LLC AGREEMENT OF EUREKA MOLY, LLC – Page 4
Default Trigger Event means, with respect to a Member, the date that such Member
Default Trigger Event means the occurrence of the date on which the number of days since an initial Trigger Event has been in effect exceeds FORTY-FIVE (45) Business Days.