Lease Indenture Default definition

Lease Indenture Default means any event or occurrence which, with the passage of time or the giving of notice or both, would become a Lease Indenture Event of Default.
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Lease Indenture Default means an event or condition that, with the giving of notice or the lapse of time, or both, would become a Lease Indenture Event of Default.
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Lease Indenture Default means a Lease Indenture Event of Default ----------------------- or any condition, occurrence or event which, with notice or lapse of time or both, would constitute a Lease Indenture Event of Default.
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Examples of Lease Indenture Default in a sentence

  • Upon any waiver of any existing Lease Indenture Default or Lease Indenture Event of Default pursuant to the second paragraph of Section 7.3, such Lease Indenture Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Lease Indenture; but no such waiver shall extend to any subsequent or other Lease Indenture Default or impair any right consequent thereon.

  • The Lease Indenture Trustee may withhold from Noteholders a notice of any continuing Lease Indenture Default or Lease Indenture Event of Default (except a Lease Indenture Default or Lease Indenture Event of Default relating to the payment of principal or interest) if it determines that withholding notice is in their best interest.

  • Except in the case of a Lease Indenture Default or Lease Indenture Event of Default in payment of principal of, premium, if any, or interest on any Lessor Note, the Lease Indenture Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Noteholders of the Lessor Notes.

  • If a Lease Indenture Default or a Lease Indenture Event of Default occurs and is continuing and if the Lease Indenture Trustee receives written notice thereof, the Lease Indenture Trustee shall (at the expense of the Owner Lessor) mail to Noteholders a notice of the Lease Indenture Default or Lease Indenture Event of Default within 90 days after it occurs.

  • Each of the Owner Trust and the Lease Indenture Trustee agrees that the fees set forth in the fee letter dated August 4, 2000 cover the services of the Lease Indenture Trustee enumerated therein assuming that no Lease Default, Lease Event of Default, Lease Indenture Default, Lease Indenture Event of Default or other extraordinary event has occurred.

  • At any time any Lease Default, Lease Event of Default, Lease Indenture Default or Lease Indenture Event of Default has occurred and is continuing, the Lease Indenture Trustee shall be entitled to receive additional fees commensurate with the time spent by the Lease Indenture Trustee in connection with its duties hereunder.

  • In the event that the Lease Indenture Trustee receives such a certificate regarding the occurrence of any Lease Default, Lease Event of Default, Lease Indenture Default or Lease Indenture Event of Default, the Lease Indenture Trustee shall give notice thereof to the Holders.

  • Upon any such waiver with respect to a Default under a Collateral Trust Indenture, the Pass Through Trustee shall vote a corresponding majority of the Lessor Notes issued under the applicable Collateral Trust Indenture to waive the corresponding Lease Indenture Default or Lease Indenture Event of Default.

  • The Lease Indenture Trustee shall have no obligation whatsoever either prior to or after receiving such certificate to inquire whether any Lease Default, Lease Event of Default, Lease Indenture Default or Lease Indenture Event of Default has in fact occurred and shall be entitled to rely conclusively, and shall be fully authorized and protected in so relying, on any such certificate so furnished to it.

  • The Noteholders of 66 2/3% in aggregate principal amount of the then outstanding Lessor Notes by notice to the Security Agent may on behalf of all Noteholders rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Lease Indenture Events of Lease Indenture Default (except nonpayment of principal, interest or premium that has become due solely because of the acceleration) have been cured or waived.


More Definitions of Lease Indenture Default

Lease Indenture Default means an event or condition that, with the giving of notice or the lapse of time, or both, would become a Lease Indenture Event of Default. "LEASE INDENTURE SECURED PARTY" means each Noteholder, the Security Agent, the Lease Indenture Trustee and the Reimbursement Agreement Agent, the DSR Noteholder and the Issuer of the Debt Service Reserve Letter of Credit.
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Lease Indenture Default means a Lease Indenture Event of Default or any condition, occurrence or event which, with notice or lapse of time or both, would constitute a Lease Indenture Event of Default. "LEASE INDENTURE EVENT OF DEFAULT" has the meaning assigned to such term in Section 4.2 hereof.
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Lease Indenture Default. Means any event which is, or after notice or ----------------------- lapse of time or both would become, a Lease Indenture Event of Default.
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Related to Lease Indenture Default

  • Indenture Default means any occurrence that is, or with notice or the lapse of time or both would become, an Indenture Event of Default.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

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

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. ▇▇▇▇▇▇ ▇▇▇: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “▇▇▇▇▇▇ Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.