Event of Default Acceleration Event definition

Event of Default Acceleration Event means the occurrence of any of the following events or circumstance prior to the Maturity Date: (a) delivery of a notice pursuant to Section 10(B)(ii) declaring this Note to be due and payable immediately on account of an Event of Default, (b) there is a Bankruptcy Event, (c) all or any portion of the Obligations evidenced by the Notes or any Other Notes are satisfied as a result of a foreclosure sale, deed in lieu or by any other means (including, without limitation, (x) a foreclosure or enforcement of any Lien on the Collateral pursuant to the Transaction Documents or (y) a sale of the Collateral in any proceeding under any Bankruptcy Law), or (d) there is a restructure, reorganization, or compromise of the Obligations by the confirmation of a plan of reorganization or any other plan of compromise, restructure or arrangement in any proceeding under any Bankruptcy Law.
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Event of Default Acceleration Event means the occurrence of any of the following events or circumstance prior to the Maturity Date:
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Examples of Event of Default Acceleration Event in a sentence

  • The Event of Default Acceleration Amount, including the Minimum Return amount, shall be fully earned on the Issue Date and due and payable immediately upon the occurrence of any Event of Default Acceleration Event.

  • On any date occurring prior to the Maturity Date that payment or prepayment in full of the Obligations hereunder occurs (or is deemed to have occurred in the case of an Event of Default Acceleration Event), the Company shall pay in full all outstanding Obligations (other than contingent indemnification obligations as to which no claim has been asserted), which shall include for the avoidance of doubt, the payment, if applicable, of any Minimum Return amount.

  • Notwithstanding the foregoing, if any Default, Event of Default, Acceleration Event or Unmatured Acceleration Event shall have occurred and be continuing, any award, compensation or insurance proceeds described above shall be paid directly to the Agent or, if received by the Lessee, shall be held in trust for the Agent and shall be paid over by the Lessee to the Agent to be distributed by the Agent in accordance with the relevant provisions of Article XI hereof.

  • The Super-Majority Noteholders of the Controlling Class may, on behalf of the Holders of all the Notes, waive any past Default, Event of Default, Acceleration Event, Servicer Termination Event, or Manager Termination Event, and its consequences, except: [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed.

  • Notwithstanding the foregoing, if any Lease Default, Lease Event of Default, Acceleration Event or Unmatured Acceleration Event shall have occurred and be continuing, any award, compensation or insurance proceeds described above shall be paid directly to the Agent or, if received by the Lessee, shall be held in trust for the Agent and shall be paid over by the Lessee to the Agent to be distributed by the Agent in accordance with the relevant provisions of Article XI of the Participation Agreement.

Related to Event of Default Acceleration Event

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • 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.

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

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

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.