Lender Event definition

Lender Event means any one or more of the following events or circumstances:
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Lender Event means (i) an event of default under any Financing resulting in an acceleration of payment obligations under such Financing or (ii) any action is taken by a person to enforce any Encumbrance (other than an Encumbrance set out in clauses (v) or (vi) of the definition of “Permitted Encumbrances”) in, over or against any of the Collateral or any of the Project Assets, which, if successful, would result in an Adverse Impact or adversely affect in any significant respect any Collateral or Security Agreement.
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Lender Event means the New Mortgage Lender failing or refusing to fund and effectuate the New Mortgage Loan as the result of (i) an outbreak or escalation of hostilities involving the United States or the declaration by the United States of a national emergency or war occurs; (ii) a material disruption of the financial, banking or capital markets or the occurrence of any other calamity or crisis or any change in the financial, political or economic conditions in the United States or elsewhere; (iii) a general banking moratorium shall have been declared by federal or state authorities having jurisdiction or (iv) any act of God, strike, lockout, explosion, act of sabotage, riot, civil commotion or change in applicable laws or regulations or any other cause beyond the reasonable control of New Mortgage Lender.
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Examples of Lender Event in a sentence

  • Upon discovery by Holdings of any Holdings AML and International Trade Default, by the Borrower of the Borrower AML and International Trade Default or by any Lender, with respect to itself, of any Lender Event of Default (but, in each case, regardless of whether any notice has been given as provided in this Agreement or any cure period provided herein has expired), Holdings, the Borrower or any such Lender, as applicable, shall give prompt written notice thereof to the Calculation Agent.

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Holdings AML and International Trade Default, Borrower AML and International Trade Default or Lender Event of Default.

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Holdings AML Default, Borrower AML Default or Lender Event of Default.

  • Upon discovery by Holdings of any Holdings AML Default, by the Borrower of any Borrower AML Default and/or by any Lender, with respect to itself, of any Lender Event of Default (but, in each case, regardless of whether any notice has been given as provided in this Agreement or any cure period provided herein has expired), Holdings, the Borrower or any such Lender, as applicable, shall give prompt written notice thereof to the Servicer.

  • Upon the occurrence of a Lender Event affecting any Obligor; and includes any “Event of Default” within the meaning of any Security.

  • This inventory and condition status are included as Appendix 2 to this plan.

  • Neither the Lender Agent nor Required Lenders shall deliver a Receivables Termination Notice on any date during the continuance of any Lender Event of Default if on such date the total utilization of the Revolver Commitment under (and as defined in) the Loan Agreement is zero.

  • Before and after giving effect to any proposed Issuance of a Letter of Credit, no Specified Term Lender Event of Default shall have occurred and be continuing.

  • Notwithstanding the foregoing, in the event one Lender makes a Cash Advance payment on behalf of the other Lender as provided in Section 2.2.1(b)(iv), Seller shall not be entitled to call a Lender Event of Default on either Lender.

  • Upon the occurrence and during the continuance of either an Each Lender Event of Default or a Requisite Term Lender Event of Default, Requisite Term Lenders may send a notice to Agent of their intent to direct Agent to exercise enforcement rights and remedies against Borrower, the other Credit Parties and/or the Collateral (a “Requisite Term Lender Notice”).


More Definitions of Lender Event

Lender Event means any one or more of the following events or circumstances: (i) a demand is made, or other enforcement step taken, by a person for the payment in full of any indebtedness in the aggregate that is greater than $[REDACTED] owing to such person or the acceleration by a person of the time for payment of any such indebtedness to a time prior to its stated maturity, and such demand shall not have been paid prior to the later of the expiry of any applicable grace period or 10 Business Days following such demand, or where no applicable grace period exists, 10 Business Days following such demand; (ii) any action is taken to enforce any Encumbrance securing any indebtedness or any rights and remedies of a person in connection with such Encumbrance; and (iii) any event of default occurs under any one of (i) the Second Amended and Restated Loan Agreement among the Debtor, the Material Subsidiaries and the Debentureholder dated as of the date hereof, (ii) the Aurizona Royalty Agreement among the Debtor, Mineracao Aurizona S.A. and Sandstorm Gold (Canada) Ltd. (“Sandstorm Canada”) dated as of the date hereof, or (iii) the Aurizona Greenfields Royalty Agreement among the Debtor, Mineracao Aurizona S.A. and Sandstorm Canada dated as of the date hereof, in each case, as amended from time to time;
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Lender Event see Article 11.6. * ____________________________ - see Article 4.2(c). "Net Sales" - see Exhibit C. "New Country" - see Article 9.1(b). * ________________ - see Article 9.3. "Party" is either Theragenics or Indigo. "Parties" are Theragenics and Indigo. "Patents" are: U.S. Patent 5,405,309; U.S. Patent 4,784,116; U.S. Patent 4,702,228; all foreign counterparts of such patents; all continuations, continuations-in-part, and divisionals of such patents and patent application as well as renewals, reissues, reexaminations, extensions, and patents of addition and patents of importation. Furthermore, Patents shall also include each patent, U.S. or foreign, that Theragenics owns or as to which Theragenics is empowered to grant a license or sublicense to Indigo prior to or during the term of this Agreement, the practice of which is reasonably necessary for Indigo to use and sell the Device as contemplated by this Agreement and for Customers to use the Device. "Pd-103 Machine" - see Exhibit E. "Prohibited Competitive Activity" - see Article 13.1. * __________________ - see Article 4.2(b). "QA Auditor" - see Article 6.4(b). "Regulatory Authority" is (i) all applicable statutes, laws, and regulations, including, without limitation, current good manufacturing practices ("cGMP") promulgated by the United States Food and Drug Administration ("FDA"), or relating to the use, handling, storage and disposal of radioactive and nonradioactive chemical substances, materials and permits and licenses issued or required in connection therewith; and (ii) any applicable export or import control regulations to the extent assumed by Theragenics. "Sales Performance Metric" - see Exhibit E. "Specifications" are the specifications set forth in Exhibit A except that the standard operating procedures (SOP's) referred to therein are for reference purposes only and for purposes of this Agreement shall not be deemed part of the Specifications. The Specifications may only be modified by mutual consent of the Parties, for example, to incorporate the specifications for Device Improvements. "Theragenics" - see introductory paragraph. "Trade Secrets" are those matters relating to the Device manufacturing process that are referred to or described in Exhibit I plus any new manufacturing trade secrets discovered or implemented by Theragenics after the date hereof. "Trademarks" are (i) U.S. Trademark Registration No.1,603,353, "TheraSeed"; (ii) the Theragenics nuclear medicine logo; and (iii) the "Ther...
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Lender Event means any one or more of the following events or circumstances: (i) a demand is made, or other enforcement step taken, by a person for the payment in full of any Financial Indebtedness in the aggregate that is greater than $5,000,000 owing to such person or the acceleration by a person of the time for payment of any such Financial Indebtedness to a time prior to its stated maturity, and such demand shall not have been paid prior to the earlier of the expiry of any applicable grace period or 10 Business Days following such demand, or where no applicable grace period exists, 10 Business Days following such demand; (ii) any action is taken to enforce any Encumbrance securing any Financial Indebtedness or any rights and remedies of a person in connection with such Encumbrance; and (iii) any action is taken by a person to enforce any Encumbrance in, over or against any of the Collateral or any of the assets used in connection with the San Dimas mine which if successful would result in a material disruption to the operations of the San Dimas mine or adversely affect, in any material respect, Collateral, Security or the Indemnified Party’s interest in this Indemnity Agreement.
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Related to Lender Event

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Lender Insolvency Event means that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (ii) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Mandatory Prepayment Event means any of the following:

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(w)(i)).

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

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

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

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

  • 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.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Cash Dominion Event means any of the following: (i) the occurrence and continuance of an Event of Default under clause (a), (f) or (g) of Section 8.01; (ii) the occurrence and continuance of an Event of Default under clause (b)(i)(B) or (e) of Section 8.01; (iii) the occurrence and continuance of an Event of Default under subclause (ii) of clause (c) of Section 8.01; (iv) the occurrence and continuance of an Event of Default under subclause (i) of clause (c) of Section 8.01 (to the extent such Event of Default results from a failure to comply with Section 6.01(i) or 6.01(ii)); or (v) the failure of the Loan Parties to maintain, for four consecutive Business Days, Excess Availability of at least $7,500,000. For purposes of this Agreement, the occurrence of any particular Cash Dominion Event shall be deemed continuing (a) if such Cash Dominion Event arises under clause (i) above, from the date of the occurrence of such Event of Default and for so long as such Event of Default is continuing and has not been cured or waived, (b) if such Cash Dominion Event arises under clause (ii), (iii) or (iv) above, from the date of the delivery by the Administrative Agent of a notice to the Lead Borrower of its intent to initiate a Cash Dominion Event based on such Event of Default and for so long as such Event of Default is continuing and has not been cured or waived and/or (c) if such Cash Dominion Event arises under clause (v) above, until Excess Availability is equal to or greater than $7,500,000 for 30 consecutive calendar days, in which case such Cash Dominion Event shall no longer be deemed to be continuing for purposes of this Agreement.

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

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

  • Reduction Event means any of the following:

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Default Under First Lien With respect to each Second Lien Loan, the related First Lien Loan related thereto is in full force and effect, and there is no default, breach, violation or event which would permit acceleration existing under such first Mortgage or Mortgage Note, and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would permit acceleration thereunder;