Examples of Notes Event of Default in a sentence
Without limitation of the foregoing, no Senior Notes Event of Default exists.
Further, if the Credit Agreement Obligations have been fully paid and performed and the Indenture Notes Obligations have not been paid and performed but no Indenture Notes Event of Default has occurred and is continuing, then Collateral Agent, at the request of Grantor, and at Grantor’s expense, shall release the Liens and security interests of the Deed of Trust against the Mortgaged Property.
The Existing Notes Trustee shall promptly notify the Agent of any Existing Notes Event of Default of which it shall have been notified by any Existing Notes Secured Party or of which it shall have otherwise become aware or any acceleration of any of the Existing Notes Obligations; provided that failure to give any such notice shall not affect any rights or remedies of the Agent or any Secured Party arising in connection with any such acceleration.
TO HAVE AND TO HOLD the Mortgaged Property unto the Collateral Agent, its successors and assigns for the uses and purposes set forth herein, until the Obligations are fully paid and performed; however, if the Credit Agreement Obligations are fully paid and performed and the Indenture Notes Obligations continue but no Indenture Notes Event of Default has occurred and is continuing, then the estate hereby granted shall cease, terminate and become void.
No Senior Notes Event of Default exists with respect to any Senior Notes Mortgage.
The Issuer Power of Attorney will entitle the Security Trustee or any purchaser of the Assigned Assets to enforce the Assigned Assets subject to the trusts constituted by the Declaration of Trust in the name of the Issuer after the occurrence of a Notes Event of Default.
On 30 June 2020, the Company announced the termination of the exchange offer, the 2020 Notes Event of Default and its desire to reach a consensual deal with its creditors.
Enforcement General The Issuer Security will become enforceable upon the giving of a Notes Enforcement Notice by the Note Trustee following the occurrence of a Notes Event of Default.
The Existing Notes Trustee will promptly notify the Collateral Agent of any Existing Notes Event of Default of which it will have been notified by any Existing Notes Secured Party or of which it will have otherwise become aware or any acceleration of any of the Existing Notes Obligations; provided that failure to give any such notice will not affect any rights or remedies of the Collateral Agent or any Secured Party arising in connection with any such acceleration.
Upon the occurrence of any event of default under the terms of the Notes ("Event of Default"), all insurance payments in respect of such Equipment or Inventory shall be paid to Secured Parties and applied to amounts due under the Notes.