Note Event of Default definition

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

Note Event of Default means, in relation to the First Issuer, a First Issuer Note Event of Default and in relation to any New Issuer, the occurrence of an event of default by the relevant Issuer as specified in the relevant Conditions of the Notes issued by such New Issuer;

Note Event of Default means, with respect to any Series or Class of Notes, any Event of Default (as such term is defined in the Note Indenture) with respect to such Series or Class of Notes.

Examples of Note Event of Default in a sentence

• Upon any such waiver, such Note Event of Default shall cease to exist and any Note Event of Default arising therefrom shall be deemed to have been cured for every purpose of the Indenture; but no such waiver shall affect any subsequent Note Event of Default or impair any right consequent thereon.

• If a Note Event of Default has occurred and is continuing, the Note Trustee shall exercise any or all of the rights and powers vested in it by these presents and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs in accordance with Section 315(c) of the Trust Indenture Act.

• Consequently, it is anticipated that on the Issue Date the Collateral would be insufficient to redeem the Notes upon the occurrence of a Note Event of Default on or about that date.

• Unless and until a Note Event of Default shall have occurred and be continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed at any time by Act of the Holders of the Common Securities.

• The Note Trustee may, at any time if a Note Event of Default is remedied to the reasonable satisfaction of the Note Trustee during any applicable grace period, by notice in writing to the Current Issuer and the relevant Agents, withdraw any notice given by the Note Trustee pursuant to Clause 11.1 (Actions of Agents after Notice by Note Trustee of a Note Event of Default) whereupon such Agents shall act as agents of the Current Issuer in accordance with the terms hereof.

More Definitions of Note Event of Default

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

Note Event of Default has the meaning given to the term “Event of Default” in the Indenture.

Note Event of Default means an event of default under the Indenture.

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

Note Event of Default means, in relation to the Current Issuer, a Current Issuer Note Event of Default and, in relation to any other Issuer, the occurrence of an event of default by such Issuer as specified in the relevant Conditions of the Notes issued by such Issuer;

Note Event of Default means the occurrence of an event of default by the Issuer as specified in Condition 9 (Events of Default);

Note Event of Default means any "EVENT OF DEFAULT" specified in SECTION 5.1 of the Indenture.