Fundamental Event of Default definition

Fundamental Event of Default means the occurrence of an Event of Default pursuant to Section 7.01(a), 7.01(b), 7.01(f) or 7.01(r) of the Credit Agreement.
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Fundamental Event of Default means the occurrence of:
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Fundamental Event of Default means any Event of Default (as defined in the Note) under (i) Sections 3.1(a), (b) and (c) of the Note or (ii) Section 3.1(c) of the Note solely to the extent the underlying Event of Default (as defined in the Credit Agreement) triggering an event of default under Section 3.1(c) of the Note is an Event of Default (as defined in the Credit Agreement) under Section 7.01(a), 7.01(b), 7.01(f) or 7.01(r) of the Credit Agreement.
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Examples of Fundamental Event of Default in a sentence

  • Notices (a) Each Beneficiary (or in the case of a Represented Beneficiary, its Representative) must notify the Security Trustee immediately upon becoming aware of the occurrence of a Fundamental Event of Default that is subsisting.

  • Richard Mancini, Esq., Attorney for Unit Owners Roger and Pam Young, In Re: Bonita Beach Club Association, Inc., Docket No. 2014024560, on June 9, 2014.

  • Non-Fundamental Events of Default shall be the following Events of Default, to the complete exclusion of Fundamental Events of Default: [•] Provided that an Event of Default will be treated as a Fundamental Event of Default if it has, in the opinion of the Debenture Trustee, resulted in a Fundamental Event of Default even though the initial cause/ trigger for such a Fundamental Event of Default was a Non-Fundamental Event of Default.

  • Acceleration or Enforcement Action or any other remedy pursuant to a Fundamental Event of Default can be initiated only if it is approved by the Majority.


More Definitions of Fundamental Event of Default

Fundamental Event of Default an Event of Default under Section 9.1.1 (Payment of Obligations), Section 9.1.4 (solely in respect of a failure to comply with Section 7.2.20) (Minimum Cash), Section 9.1.7 (Invalidity of Note Documents), Section 9.1.8 (Security Documents), Section 9.1.13 (Challenges), Section 9.1.15 (Insolvency or Liquidation Proceeding), Section 9.1.17 (Payment Enforcement) or Section 9.1.18 (Protection of Intellectual Property). For the avoidance of doubt, after the Second A&R Date, the Obligations can only be accelerated upon the occurrence of a Fundamental Event of Default.
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Fundamental Event of Default means the occurrence of an Event of Default pursuant to Section 7.01(a), 7.01(b), 7.01(f) or 7.01(r) of the Credit
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Fundamental Event of Default means the occurrence of any one of the events set out in Schedule 3 (Fundamental Event of Default).
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Related to Fundamental Event of Default

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

  • 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.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (f) or (g).

  • 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;

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