Loan Potential Event of Default definition

Loan Potential Event of Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.
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Loan Potential Event of Default means any event, condition or failure ------------------------------- which, with notice or lapse of time or both, would become a Loan Event of Default.
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Loan Potential Event of Default means any event, condition or failure
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Examples of Loan Potential Event of Default in a sentence

  • The Security Trustee will not itself monitor whether any such event has occurred but will (unless expressly informed to the contrary by the Borrower) rely on any certificates and information delivered under the Loan Agreement to determine whether a Loan Event of Default or Loan Potential Event of Default has occurred.

  • These include representations and warranties identical to those set out in the section of this document headed "The Partnership Loan Agreements and the Partnership Loan Notes – Representations and warranties", except that references to "Partnership Debt Event of Default" or "Partnership Debt Potential Event of Default" shall be replaced with "Teesport Partnership Loan Event of Default" and "Teesport Partnership Loan Potential Event of Default" respectively.

  • None of the Bond Trustee or the Security Trustee is obliged to monitor whether a Loan Event of Default or Loan Potential Event of Default has occurred.

  • Monitoring of compliance with representations, warranties and covenants and occurrence of Borrower Loan Event of Default or Borrower Loan Potential Event of DefaultThe Loan Agreement will provide that the Security Trustee will be entitled to assume, unless the Security Trustee is expressly informed otherwise by the Borrower, that no Loan Event of Default or Loan Potential Event of Default has occurred which is continuing.

  • The Loan Agreement will require the Borrower to inform the Issuer and the Security Trustee of the occurrence of any Loan Event of Default and Loan Potential Event of Default promptly upon becoming aware of the same.

  • Moreover, as the Issuer is a special purpose company, it will not, nor does it possess the resources to, actively monitor whether a Loan Event of Default or a Loan Potential Event of Default has occurred, including, for this purpose, the continued import of the representations and warranties made by the Borrower and complianceby the Borrower with their covenants and undertakings under the Loan Agreement.

  • All GRAPPA members were sent a link on launch, and the website is available from the GRAPPA educational page.


More Definitions of Loan Potential Event of Default

Loan Potential Event of Default is defined in Section 7.5 of the Committed Loan Agreement.
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Related to Loan Potential Event of Default

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

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

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

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

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

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

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

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

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.