Events of Default definition
Examples of Events of Default in a sentence
In addition, upon the Issuer’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(a)(3), 6.01(a)(5), 6.01(a)(6) and 6.01(a)(7) hereof shall not constitute Events of Default.
If the Borrower is required to provide Cash Collateral as a result of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived.
The Events of Default relating to the Notes are defined in Section 6.1 of the Indenture.
It is understood that the financial terms that may not be disclosed except in compliance with this Section 10.12(a) include all fees and other pricing terms, and all Events of Default, Servicer Removal Events, and priority of payment provisions.
For purposes of this Agreement, Events of Default shall be classified into three categories based on severity.