Insurer Event of Default definition

Insurer Event of Default means any one of the following events shall have occurred and be continuing:
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Insurer Event of Default means the existence and continuance of any of the following: (a) a failure by the Insurer to make a payment required under the Surety Bond in accordance with its terms for 3 Business Days after notice thereof (in the form attached to the Surety Bond) has been received by the Insurer from the Agent specifically identifying such payment failure as an incipient Insurer Event of Default, or (b)
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Insurer Event of Default means an Event of Default described in paragraph (a), (b)(i), (b)(iii), (c) or (d) below in the list of "Events of Default".
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Examples of Insurer Event of Default in a sentence

  • Unless an Insurer Event of Default has occurred and is continuing, the other Transaction Documents may be amended, modified or supplemented only with the prior written consent of the Insurer and any amendment, modification or supplement without such consent shall be null and void and of no force and effect.

  • If an Insurer Event of Default has occurred and is continuing, no amendment to this Agreement shall materially and adversely affect the interests of the Insurer without the prior written consent of the Insurer.

  • This Agreement may be amended from time to time with the prior written consent of the Insurer (so long as no Insurer Event of Default has occurred and is continuing) by a written amendment duly executed and delivered by the Originator and the Depositor; provided, however, that the Rating Agency Condition shall have been satisfied with respect to such amendment.

  • Pay to the State Health Agency on the Termination Date (where termination is due to an Insurer Event of Default or a Force Majeure Event), a sum that shall be calculated as follows for the State: Such payment shall be made by the Insurer to the State Health Agency exclusive of all applicable taxes and duties.

  • This Agreement inures to the benefit of the Trustee and the Note Insurer (and after a Note Insurer Event of Default has occurred, the Trustee, shall be able to enforce all of the rights of the Issuer hereunder).

  • The Insurer and its successors and assigns shall be third-party beneficiaries to the provisions of this Indenture, and shall be entitled to rely upon and directly enforce such provisions of this Indenture unless an Insurer Event of Default shall have occurred and is continuing.

  • Except as specifically authorized hereunder, the Company may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of the Note Insurer or, if a Note Insurer Event of Default exists, a Note Majority of each Class of Notes and a Certificate Majority, and any attempt to do so without such consent shall be void.

  • Without limiting the generality of the foregoing, such obligations shall not be affected by any Default, Event of Default or Bond Insurer Event of Default, and each payment by an L/C Participant hereunder shall be made without any offset, abatement, withholding or reduction whatsoever.

  • Upon the occurrence of an Insurer Event of Default, the State Health Agency may, without prejudice to any other right it may have under this Insurance Contract, in law or at equity, issue a notice of its intention to terminate this Insurance Contract to the Insurer (Preliminary Termination Notice).

  • The Insurer and its successors and assigns shall be entitled to rely upon and directly enforce such provisions of this Agreement (so long as no Insurer Event of Default has occurred and is continuing).


More Definitions of Insurer Event of Default

Insurer Event of Default means the occurrence of one or more of the following events:
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Insurer Event of Default means either of (i) the occurrence with respect to Ambac of any event that would constitute an Event of Default or Potential Event of Default as described in Section 5(a)(vii) of the Agreement with respect to Ambac or (ii) the sum of amounts due and owing by Ambac in respect of financial guarantees issued by Ambac with respect to swap agreements shall exceed $10,000,000 for more than three (3) New York Business Days after notice of failure to make such payments. An "Insurer Termination Event" shall mean the occurrence with respect to Ambac of an event that would constitute a Termination Event as defined in the Agreement, assuming Ambac were a party thereto. Ambac shall promptly notify Party B if upon Party B's delivery of a Swap Termination Notice an Insurer Event of Default or an Insurer Termination Event is occurring.
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Insurer Event of Default. With respect to any Series of Notes insured by an Insurer, the occurrence and continuance of any of the following events:
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Insurer Event of Default has the meaning set forth in the AFSLP Credit Enhancement.
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Insurer Event of Default. With respect to any Class of Senior Notes insured by an Insurer (or, in the case of a Class of Senior Notes insured by more than one Insurer, the sub-class of such Class of Senior Notes insured by an Insurer), the occurrence and continuance of any of the following events:
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Related to Insurer Event of Default

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

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

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

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • 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.

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

  • 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.

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

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

  • 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:

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

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

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

  • 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;

  • 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.

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

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

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

  • 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)).

  • Specified Event of Default means any Event of Default under Section 8.01(a), Section 8.01(f) or Section 8.01(g).

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

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

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

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

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

  • Insurer Default means the occurrence and continuance of any of the following events: