Partnership Event of Default definition

Partnership Event of Default has the meaning attributed to that term in section 9.5.
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Partnership Event of Default shall have the meaning ascribed to “Event of Default” in the Partnership Agreement. “Partnership Independent Valuator” shall have the meaning ascribed to “Independent Valuator” in the Partnership Agreement.
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Partnership Event of Default means an Indenture Event of Default, as defined in the Indenture. "Partnership Investment Company Act Event" means that the General Partner shall have received an Investment Company Act Opinion that as a result of the occurrence of a Change in 1940 Act Law, there is more than an insubstantial risk that the Partnership is or will be considered an Investment Company which is required to be registered under the 1940 Act, which Change in 1940 Act Law becomes effective on or after the first date of issuance of the Partnership Preferred Securities.
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Examples of Partnership Event of Default in a sentence

  • In the event of a Partnership Event of Default relating to subsections 9.5(d), (e), (f) or (g), the PTOs will have the right to appoint a Qualified Monitor or Receiver to manage the business and affairs of the Partnership as an interim measure to continue distributions until the Event of Default is cured by bringing the Partnership or the General Partner, as the case may be, into compliance with this Agreement on a go forward basis.

  • Alternatively, in the event of the occurrence of such a Partnership Event of Default, the PTOs, at their discretion, may replace the Partnership and/or the General Partner with a successor First Nations-controlled entity(ies) which will become a party to and compliant with this Agreement in place and stead of the Partnership and/or the General Partner.

  • Any sale or transfer of any portion of the Former Potlatch lands which does not comply with the foregoing terms and conditions shall constitute a Partnership Event of Default.

  • Notwithstanding the foregoing, any failure of the Partnership to make a payment required by this Agreement shall be a Partnership Event of Default if the Partnership does not make such payment within five (5) days of the date such payment became due.

  • The client intending to close its account may opt for rematerialisation of its holdings or transfer of holdings to an account with another Participant.

  • Upon the occurrence and during the continuance of a the Partnership Event of Default, Tellurian shall have the right, in its sole and absolute discretion, to do any or all of the following: (i) terminate this Agreement pursuant to Section 6.3; and (ii) subject to Article 7, pursue any and all other remedies available at law or in equity.

  • Any such sale, transfer, assignment or conveyance of all or any portion of the Former Potlatch Lands, whether voluntarily or by operation of law, without the prior written consent of Potlatch shall constitute a Partnership Event of Default.

  • If the Partnership Event of Default is failure to make a payment when due, Master Developer or the City shall have the right to collect from the Partnership reasonable costs of such performance, including reasonable attorney fees, expenses and disbursements made, and other reasonable costs, together with interest from the date of such expenditure at a rate of 15% compounding, per annum (or the maximum interest rate permitted by law, whichever is less).

  • Except as provided in subsection 7.6.1, in no event shall the Master Developer or the City be precluded from exercising remedies if the Master Developer’s or the City’s interests or property becomes or is about to become materially jeopardized by any failure to cure a Partnership Event of Default.

  • After a Partnership Event of Default and expiration of the applicable cure period, the Master Developer or the City shall have the right to pursue any and all remedies to it in law and equity, specific performance, and the right to cure such default on behalf of the Partnership.


More Definitions of Partnership Event of Default

Partnership Event of Default shall have the meaning given in Section 12.2.
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Partnership Event of Default has the meaning set forth in Section 6.1.
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Related to Partnership Event of Default

  • 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).

  • 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:

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

  • 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.

  • 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)).

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

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

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

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

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

  • 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.

  • 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.

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

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

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

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

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

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

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

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

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

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

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

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

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