First Mezzanine Event of Default definition

First Mezzanine Event of Default means an “Event of Default” as defined in the First Mezzanine Loan Agreement.
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Examples of First Mezzanine Event of Default in a sentence

  • No Mortgage Default, Mortgage Event of Default, First Mezzanine Default or First Mezzanine Event of Default exists as of the Closing Date.

  • Provided that no Event of Default, First Mezzanine Event of Default, Second Mezzanine Event of Default or Third Mezzanine Event of Default shall have occurred and be continuing, upon the completion of all Required Repairs any remaining portion of the Required Repair Fund shall be released to Borrower.

  • In the event that Lender cures any First Mezzanine Event of Default, any such cure by Lender shall not waive or be deemed to have cured such First Mezzanine Event of Default and shall constitute an immediate Event of Default under this Agreement without any notice, grace or cure period otherwise applicable under this Agreement.

  • Borrower shall cause First Mezzanine Borrower to take all such actions as are necessary to cure such First Mezzanine Event of Default by the date approved by Lender and shall deliver to Lender not less frequently than weekly thereafter written updates concerning the status of First Mezzanine Borrower’s efforts to cure such First Mezzanine Event of Default.

  • No Mortgage Default, Mortgage Event of Default, First Mezzanine Default or First Mezzanine Event of Default existed as of the Closing Date or as of the date hereof.

Related to First Mezzanine Event of Default

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • 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.

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

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Issuer Event of Default means the occurrence of any of the following events:

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

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.