Lender Event definition

Lender Event means any one or more of the following events or circumstances:
Sample 1Sample 2Sample 3
Lender Event means (i) an event of default under any Financing resulting in an acceleration of payment obligations under the 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.
Sample 1
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.
Sample 1Sample 2

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.

  • 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.

  • Notwithstanding the foregoing, neither Lender shall be deemed to have caused a Lender Event of Default as result of the actions of the other Lender and Seller shall have no remedies hereunder against a non-defaulting Lender.

  • Upon the occurrence of a Lender Event affecting the Debtor or any Subsidiary of the Debtor.

  • 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.

  • 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.

  • Notwithstanding the foregoing, neither Lender shall be deemed to have caused a Lender Event of Default as result of the actions of the other Lender and Seller shall have no remedies hereunder against a Lender who is not in violation of any of its obligations under this Agreement.

  • If any Lender Event of Default occurs and is not cured within 10 business days, either (a) Borrower may exercise all rights and remedies available to it under this Note or applicable law or (b) in the event the UCC Designee (as defined in the Litigation Trust Agreement) exercises the Exercise of the UCC Option, the Borrower shall have no rights or remedies under contract, law, equity or otherwise resulting from the failure to make an Advance.

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


More Definitions of Lender Event

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...
Sample 1

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, following restoration of the short-term debt ratings to the requisite level, a subsequent Liquidity Provider Ratings Event 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 when due under the terms of the Fee Agreement 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 Shares Purchase Agreement by the 15th 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 Shares Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with the Articles Supplementary; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the 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 and the Tender and Paying Agent 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 (i) the refusal (which may be given verbally or in writing and has not been retracted) or failure of any Lender to make available its portion of any incurrence of revolving loans or reimbursement obligations required to be made by it, which refusal or failure is not cured within two Business Days after the date of such refusal or failure; (ii) the failure of any Lender to pay over to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, unless subject to a good faith dispute; (iii) a Lender has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations, or has made a public statement to that effect with respect to its funding obligations, under the Revolving Credit Facility or under other agreements generally in which it commits to extend credit; (iv) a Lender has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations under the Revolving Credit Facility; or (v) a Lender has admitted in writing that it is insolvent or such Lender becomes subject to a Lender-Related Distress Event or a Bail-In Action. Any determination by the Administrative Agent that a Lender Default has occurred under any one or more of clauses (i) through (v) above shall be conclusive and binding absent manifest error, and the applicable Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such determination to the Borrower, each L/C Issuer, each Swing Line Lender and each Lender.

  • 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(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • 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).

  • Servicer Event of Default wherever used herein, means any one of the following events:

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

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

  • Cash Dominion Event means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrower at any time to maintain Availability of at least twelve and one-half percent (12.5%) of the Loan Cap. For purposes of this Agreement, the occurrence of a Cash Dominion Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Cash Dominion Event arises as a result of the Borrower’s failure to achieve Availability as required hereunder, until Availability has exceeded twelve and one-half percent (12.5%) of the Loan Cap for sixty (60) consecutive Business Days, in which case a Cash Dominion Event shall no longer be deemed to be continuing for purposes of this Agreement; provided that a Cash Dominion Event shall be deemed continuing (even if an Event of Default is no longer continuing and/or Availability exceeds the required amount for sixty (60) consecutive Business Days) at all times after a Cash Dominion Event has occurred and been discontinued on three (3) occasion(s) after the Closing Date. The termination of a Cash Dominion Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Cash Dominion Event in the event that the conditions set forth in this definition again arise.

  • 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 wherever used herein, means any one of the following events:

  • Reduction Event means any of the following:

  • Loan Default means an event, which with the giving of 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;

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.