Lending Facility Servicer Default definition

Lending Facility Servicer Default has the meaning specified in Section 4.1(a) of the Basic Servicing Agreement.
Sample 1Sample 2Sample 3
Lending Facility Servicer Default. (as defined in Section 4.1 of the Basic Servicing Agreement) or an “Exchange Note Servicer Default.”
Sample 1Sample 2Sample 3
Lending Facility Servicer Default. (as defined in Section 4.1 of the Basic Servicing Agreement) or an “Exchange Note Servicer Default”; provided, further, that, if any event described in Section 6.3(a)(iii) through (vi) of the Credit and Security Agreement shall have been caused solely by a Force Majeure Event, then the applicable cure period referred to in such clause shall be extended for an additional ten (10) calendar days; provided, further, that, if there is no cure period listed in any such clause, then such cure period shall be ten (10) calendar days.
Sample 1Sample 2Sample 3

Related to Lending Facility Servicer Default

  • Servicer Default means an event specified in Section 8.01.

  • 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.

  • Special event permit means a permit granted by the Division

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

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

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