Examples of Loan Agreement Event of Default in a sentence
Each of the parties hereto agrees that the occurrence of a Lease Event of Default and the exercise of any remedies set forth in Section 15 of the Lease with respect thereto shall immediately create a Loan Agreement Event of Default and an acceleration of the Notes under the Loan Agreement and the Certificates under the Trust Agreement.
Term Loan Agreement Event of Default 56 9.2. Action if Bankruptcy, etc.
The Agent shall not be deemed to have knowledge or notice of the occurrence of any Loan Agreement Default or Loan Agreement Event of Default hereunder unless the Agent has received notice from a Lender or the Lessor referring to this Loan Agreement, describing such Loan Agreement Default or Loan Agreement Event of Default and stating that such notice is a "notice of default".
The fact that failure to make any payment on account of the Subordinated Obligations is caused by reason of the operation of any provision of this Agreement shall not be construed as preventing the occurrence of a Term Loan Agreement Event of Default.
Each member must receive a minimum one hour checkout flight from an authorized Club flight instructor prior to flying as pilot- in-command any Advantage airplane make and model which the member has not previously flown as pilot-in-command while an Advantage member, and the flight instructor’s endorsement must be recorded in the member’s file with the Club.