Event of Default Period definition

Event of Default Period means the period beginning on the occurrence of an Event of Default and ending on the cure of the Event of Default.
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Event of Default Period means any period during which an Event of Default has occurred and is continuing, provided that if such Event of Default was of a type that occurs without Agent being required to issue notice to Borrower of the Default giving rise thereto, then (unless such Event of Default is (i) non-payment of the principal of the Loan at maturity, (ii) non-payment of interest on the Loan when due, (iii) non-payment of real estate taxes beyond the time they can be paid without penalty, (iv) an Event of Default of which Borrower has actual knowledge and which is likely to cause a material adverse change to the value or use of the Collateral or the business or financial condition of Borrower or Guarantor, or (v) an Event of Default Period then exists by reason of another Event of Default having occurred and continuing) such Event of Default Period shall not commence until five (5) days after Agent has given written notice to Borrower of such Event of Default.
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Event of Default Period. The period beginning on the occurrence of an Event of Default and ending on the cure of the Event of Default.
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Examples of Event of Default Period in a sentence

  • During an Event of Default Period, Lender may apply the Tax and Insurance Escrow Account funds to the Indebtedness as Lender determines.

  • Lender's (a) delay in accelerating or failure to accelerate the Indebtedness during any Event of Default Period, (b) acceptance of a partial or past due payment, or (c) indulgence, from time to time, of any Borrower Party, is not a (1) novation of the Note, (2) reinstatement of the Indebtedness, or (3) waiver of Lender's right to accelerate or thereafter to insist on strict compliance with the terms of this Agreement and the other Loan Documents.

  • During any Event of Default Period, Lender may require that all statements and reports be prepared and certified (at Borrower's cost and expense) by an independent certified public accountant, acceptable to Lender.

  • During an Event of Default Period, Lender may, from time to time, obtain, at Borrower's expense, any number of Appraisals.

  • Notwithstanding the two preceding sentences, Bxxxxxxx will only be liable for the cost of one Appraisal per calendar year, except during an Event of Default Period.

  • Except during any Event of Default Period, Lender (or its designee) shall give Borrower 72 hours advance notice (by any means and not subject to the terms of Section 6.18 below).


More Definitions of Event of Default Period

Event of Default Period means the period beginning on the occurrence of an Event of Default and ending on the cure of the Event of
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Related to Event of Default Period

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

  • Default Period means, with respect to any Defaulting Lender, the period commencing on the date of the applicable Funding Default and ending on the earliest of the following dates: (i) the date on which all Commitments are cancelled or terminated and/or the Obligations are declared or become immediately due and payable, (ii) the date on which (a) the Default Excess with respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of such Defaulting Lender or by the non-pro rata application of any voluntary or mandatory prepayments of the Loans in accordance with the terms of Section 2.13 or Section 2.14 or by a combination thereof) and (b) such Defaulting Lender shall have delivered to Company and Administrative Agent a written reaffirmation of its intention to honor its obligations hereunder with respect to its Commitments, and (iii) the date on which Company, Administrative Agent and Requisite Lenders waive all Funding Defaults of such Defaulting Lender in writing.

  • 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.

  • 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.