Possible Default means an event, condition, situation or thing which constitutes, or which with the lapse of any applicable grace period or the giving of notice or both would constitute, an Event of Default.

Possible Default means an event, condition or thing known to the Company which constitutes, or which with the lapse of any applicable grace period or the giving of notice or both would constitute, any Event of Default and which has not been appropriately waived by the Lenders in writing or fully corrected prior to becoming an Event of Default.

Possible Default means any event, act or condition which with notice or lapse of time, or both, would constitute an Event of Default.

Examples of Possible Default in a sentence

No Possible Default or Event of Default now exists or will exist upon the making of any Loan.
The example of the Environmental Screening Check List is presented in ANNEX 1.
No Event of Default or Possible Default exists hereunder, nor will any begin to exist immediately after the execution and delivery hereof.
No event has occurred and no condition exists which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default or Possible Default under the Credit Agreement.
The Company will, and will cause each Consolidated Subsidiary to, give prompt notice in writing to each Lender, the Administrative Agent and the Competitive Advance Facility Agent of the occurrence of any Possible Default, Event of Default or Change of Control and of any other development, financial or otherwise, with respect to which there is a significant probability of a Material adverse impact on Consolidated Net Worth or on the Company's ability to repay the Notes.

More Definitions of Possible Default

Possible Default means any event or condition which, with notice or lapse of time or both, would constitute an Event of Default referred to in Section 10 hereof.

Possible Default means an event or condition which, with notice or lapse of time or both, would constitute an Event of Default referred to in Section 10 hereof.

Possible Default means an event, condition or thing which constitutes, or which with the lapse of any applicable grace period or the giving of notice or both would constitute, any event of default referred to in Article VII hereof and which has not been appropriately waived by Bank in writing or fully corrected prior to becoming an actual event of default.

Possible Default means any condition, event, act or omission which, with (a) the lapse of time or (b) the giving of notice or (c) both, would, unless cured or waived, constitute an Event of Default.

Possible Default means any event which, with the giving of notice, the passage of time, or both, would constitute an Event of Default.

Possible Default means, an event, condition or thing

Possible Default. Any event, situation or thing which, with the lapse of any applicable grace period or the giving of notice or both, would constitute an Event of Default and which has not been consented to by the Bank in writing.