Incipient Event of Default definition

Incipient Event of Default has the meaning set forth in Section 9.05(a).
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Incipient Event of Default means any act or event which, with the giving of notice or passage of time or both, would constitute an Event of Default.
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Incipient Event of Default has the meaning set forth in Section 9.05(a). “Interconnection Point” has the meaning set forth in Section 1.03.
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Examples of Incipient Event of Default in a sentence

  • Lender may remedy or cure the Event of Default or Incipient Event of Default within the cure period under this Agreement.

  • Buyer shall have no further right to require the report with respect to a particular Event of Default after that Event of Default has been cured; Lender shall have the right to cure an Event of Default or Incipient Event of Default on behalf of Seller, only if Xxxxxx sends a written notice to Buyer before the end of any cure period indicating Xxxxxx’s intention to cure.

  • Lender may remedy or cure the Incipient Event of Default or Event of Default within the cure period under this Power Purchase Agreement.

  • No Event of Default shall have occurred or will result from such Revolving Credit Advance or issuance of Letter of Credit and no Incipient Event of Default shall have occurred which may become an Event of Default or will result from such Revolving Credit Advance or issuance of Letter of Credit.

  • The reports shall be accompanied by a certificate of Industries, signed by the Chief Financial Officer of Industries, which shall state whether, to the best of their knowledge, after due investigation, an Event of Default as specified in Article 10 hereof or an Incipient Event of Default has occurred.

  • Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Default or Event of Default hereunder or under the Ancillary Agreements, unless Agent has received notice from a Lender or Borrower referring to this Agreement or the Ancillary Agreements, describing such Incipient Event of Default or Event of Default and stating that such notice is a "notice of default".

  • The costs to the Borrower of any reprogramming required as a result of the Year 2000 Issue to permit the proper functioning of such systems and equipment and the proper processing of data, and the testing of such reprogramming, and of the reasonably foreseeable consequences of the Year 2000 Issue to Borrower (including systems and equipment supplied by others) are not reasonably expected to result in an Incipient Event of Default or Event of Default or to have a Material Adverse Effect.

  • Borrower will not nor will any other Financial Party directly or indirectly, prepay any Indebtedness for borrowed money (other than to Agent), or repurchase, redeem, retire or otherwise acquire any of their indebtedness; provided, however, Borrower and any Financial Party may make any such prepayment, repurchase, redemption or retirement if at the time of and after giving effect to such payment there shall not have occurred an Event of Default or Incipient Event of Default.

  • Agent shall take such action with respect to such Incipient Event of Default or Event of Default as shall be reasonably directed by the Required Lenders; provided, that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Incipient Event of Default or Event of Default as it shall deem advisable in the best interests of Lenders.

  • No LIBO Rate Loan or Xxxxxxxxx Xxxxxxxx XXXX Rate Loan shall be made available to Borrower during the continuance of an Incipient Event of Default or an Event of Default.


More Definitions of Incipient Event of Default

Incipient Event of Default means an event which, with the giving of notice or passage of time, or both, would constitute an Event of Default.
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Incipient Event of Default means an event that, with the lapse of time, would become an Event of Default under Section 15(a) of this Agreement.
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Related to Incipient Event of Default

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

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an 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).

  • 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.

  • 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.

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

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

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

  • 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)).

  • 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.

  • 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:

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

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

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

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

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

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

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

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

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

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

  • 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;

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

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