LORAL SPACE EVENT OF DEFAULT. A Loral Space Event of Default occurs if:
Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.
Landlord Default shall have the meaning given such term in Article 14.
Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.
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.
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).
Owner Event of Default shall have the meaning set forth in Section 18.3.
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.
Declaration Event of Default means an “Event of Default” as defined in the Declaration.
Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).
Senior Event of Default means an Event of Default under the Senior Loan Documents.
Event of Default has the meaning specified in Section 8.01.
Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:
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)).
Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.
Financial Covenant Event of Default has the meaning specified in Section 8.01(b).
Payment Event of Default means an Event of Default specified in Section 7.1(a).
Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.
Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).
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.
Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.
Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.
O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.
Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.
Debenture Event of Default means an "Event of Default" as defined in the Indenture.
Collateral Event of Default has the meaning set forth in Section 13.01(b).
Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.