Facility Event of Default definition

Facility Event of Default shall have the meaning specified in Section 13(a)(II).

Facility Event of Default has the meaning stated in Section 6.1(a) of the Credit and Security Agreement.

Facility Event of Default is defined in Section 9.01.

Examples of Facility Event of Default in a sentence

• Provided that no Facility Event of Default shall have occurred and be continuing hereunder, the Repurchase Obligations of any Series Seller relating to or arising from the Transaction(s) to which such Series Seller is a party shall be enforceable only against such Series Seller and with respect to the Purchased Loan(s) relating to such Transaction(s) and not against any other Series Seller or any other Purchased Loan.

• Notwithstanding the foregoing or anything to the contrary contained in this Agreement or any other Transaction Document, Buyer shall be entitled to exercise any and all remedies available to Buyer under Section 13(b) against Seller and any and all Purchased Loans subject to Transactions hereunder upon the occurrence and continuance of a Facility Event of Default.

• 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.

• No waiver will extend to any other Facility Default, Facility Event of Default, Exchange Note Default or Exchange Note Event of Default or impair any right relating to any other Facility Default, Facility Event of Default, Exchange Note Default or Exchange Note Event of Default.

• The Lender may waive a Facility Event of Default, by notifying the Borrowers, the Servicer, the Collateral Agent and the Administrative Agent.

More Definitions of Facility Event of Default

Facility Event of Default shall have the meaning given in Section 8.2.

Facility Event of Default an Act of Insolvency occurs with respect to Seller, Guarantor or Member;

Facility Event of Default means “Event of Default” (as defined in the Facility Agreement).

Facility Event of Default whenever used herein, means, any one of the following events.

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.

Facility Event of Default shall have the meaning specified in Section 13(a)(II) of this Agreement.

Facility Event of Default means any Initial Credit Facility Event of Default, Refinancing Indenture Event of Default or Replacement Senior Debt Facility Event of Default.