Facility Event of Default definition

Facility Event of Default shall have the meaning specified in Section 13(a)(II).
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Facility Event of Default has the meaning stated in Section 6.1(a) of the Credit and Security Agreement.
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Facility Event of Default is defined in Section 9.01.
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Examples of Facility Event of Default in a sentence

  • If the Term Loan Facility Agent receives such a notice of the occurrence of any Loan Facility Event of Default, the Term Loan Facility Agent shall give notice thereof to the Term Lenders and the Intercreditor Agent.

  • It is acknowledged and agreed that Buyer shall not complete, record and/or file, as applicable, any assignments, allonges, endorsements, powers or other documents or instruments executed in blank with respect to any Purchased Loan unless and until a Facility Event of Default has occurred and is continuing or a Transaction Event of Default has occurred and is continuing with respect to such Purchased Loan..

  • The occurrence of any Loan Facility Event of Default under the Common Terms Agreement shall constitute an event of default under this Agreement, subject to all of the relevant provisions of the Common Terms Agreement.

  • After such Loan Facility Declared Default or Unmatured Loan Facility Event of Default has ceased, the Borrower may convert each such Base Rate Loan or Term SOFR Loan with an Interest Period of one month into a Term SOFR Loan in accordance with this Agreement by delivering an Interest Period Notice in accordance with Section 3.04 (Conversion Options).

  • Subject to Article 16 (Common Remedies and Enforcement) of the Common Terms Agreement, the Term Loan Facility Agent shall take such action with respect to such Loan Facility Event of Default as is provided in Article VIII (Default and Enforcement).


More Definitions of Facility Event of Default

Facility Event of Default shall have the meaning given in Section 8.2.
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Facility Event of Default. (i) an Act of Insolvency occurs with respect to Seller, Guarantor or Member;
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Facility Event of Default whenever used herein, means, any one of the following events.
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Facility Event of Default means the occurrence or existence of an "Event of Default" under the Revolving Credit Agreement, the Term Loan Agreement or the Note Backup Agreement.
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Facility Event of Default means “Event of Default” (as defined in the Facility Agreement).
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Facility Event of Default have the respective meanings defined in the Facility Agreement.
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Facility Event of Default means any one or more of the following events: (a) There shall occur during the period commencing on the date hereof Project Company Events of Default with respect to three (3) or more Project Company Guarantors; or
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