Matured Event of Default definition

Matured Event of Default means any Event of Default which remains uncured in full after:
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Matured Event of Default means any Event of Default which remains uncured in full after: (a) if Notice of Default is not required, the lapse of time applicable thereto during which the same may be performed in accordance with the terms of the Loan Documents; or (b) the giving of a required Notice of Default and failure to cure in full within the applicable Cure Period.
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Matured Event of Default when used with respect to any Class “A” Mortgage, means the occurrence of any default or any other event under such Class “A” Mortgage, and the expiration of the applicable grace period, if any, specified in such Class “A” Mortgage, if the effect of such default or other event is to accelerate, or to permit the acceleration of, only the maturity of any amount due under such Class “A” Mortgage.
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Examples of Matured Event of Default in a sentence

  • Provided this Agreement shall not have been terminated earlier because of a Matured Event of Default, this Agreement terminates on the Termination Date.

  • Bank may terminate this Agreement and its obligations hereunder upon the occurrence of a Matured Event of Default.

  • If a student is scheduling aninterview during a rotation that has not begun, it is the student’s responsibility to contact the preceptor for that rotation to coordinate an acceptable date of absence.

  • In addition to every other right and remedy provided herein, the Trustee may exercise any right or remedy available to the Trustee in its capacity as owner and holder of Pledged Bonds which arises as a result of a default or Matured Event of Default under any Class “A” Mortgage, whether or not an Event of Default shall then have occurred and be continuing.

  • Any Matured Event of Default by either of the Additional Borrowers under the Additional Loan Documents shall simultaneously be an Event of Default hereunder.

  • No Event of Default or Matured Event of Default shall be waived by the Bank except in writing and a waiver of any such Event of Default or Matured Event of Default shall not be a waiver of any other Event of Default or Matured Event of Default or of the same for similar default on a future occasion.

  • If a Matured Event of Default exists, enter into peaceful possession of the Property and/or to collect and receive all rents, issues, income and profits from the Property, terminate any tenancy, maintain proceedings to recover rents or possession of any of the Property from any tenant or trespasser, rent or lease the Property or any portion thereof upon such terms as the Bank deems best, and have the right to all oil and gas royalties and any other income from the Property.

  • This mortgage continuously secures an obligation of payment and not of collection, and the Grantor agrees that the Bank’s enforcement of its rights and remedies under this Mortgage, except as otherwise specifically set forth, shall be immediate upon the occurrence and continuance of a Matured Event of Default.

  • If a Matured Event of Default exists, with written notice to Grantor, declare the entire unpaid and outstanding principal balance of the Secured Liabilities, and all accrued interest, to be due and payable in full forthwith, and at the Bank’s option, to bring suit therefor and to take any and all steps and institute any and all other proceedings that the Bank deems necessary to enforce the Secured Liabilities and to protect the lien of this Mortgage.

  • The Bank may make advances without curing the Matured Event of Default and without waiving the Bank’s right of foreclosure or any other right or remedy of the Bank under this Mortgage.


More Definitions of Matured Event of Default

Matured Event of Default has the meaning set forth in Section 7.2(a).
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Matured Event of Default when used with respect to any Class "A" Mortgage, means the occurrence of any default or any other event under such Class "A" Mortgage, and the expiration of the applicable grace period, if any, specified in such Class "A" Mortgage, if the effect of such default or other event is to accelerate, or to permit the acceleration of, the maturity of any amount due under such Class "A" Mortgage.
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Matured Event of Default means: (a) an Event of Default (as defined in the Credit Enhancement Agreement); (b) a Matured Event of Default under the First Loan Agreement; (c) any Event of Default (excluding any Event of Default (as defined in the Credit Enhancement Agreement)) which remains uncured in-full after: (i) the lapse of time applicable thereto during which the same may be performed in accordance with the terms of this Agreement or the Related Documents; (ii) the giving of a required Notice of Default and failure to cure in full within the applicable Cure Period; (d) a Senior Debt Default; or (e) an Insolvency Event (notwithstanding the provisions of Section 11.1(g) of the Credit Enhancement Agreement).
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Matured Event of Default means the occurrence of any default or any other event under the First Mortgage, and the expiration of the applicable grace period, if any, specified in the First Mortgage, if the effect of such default or other event is to accelerate, or to permit the acceleration of, the maturity of any amount due under the First Mortgage.
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Matured Event of Default means the occurrence of any default or any other event under the First Mortgage, and the expiration of the applicable grace
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Related to Matured Event of Default

  • 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.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

  • 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).

  • 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.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • 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.

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

  • Event of Default has the meaning specified in Section 8.01.

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

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

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

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

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

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

  • Servicer Event of Default One or more of the events described in Section 7.01.

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

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

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

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

  • 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:

  • 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.

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

  • 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;

  • Master Servicer Event of Default One or more of the events described in Section 7.01.