Potential Event of Default definition

Potential Event of Default means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default.
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.
Potential Event of Default means an event or circumstance that could with the giving of notice, lapse of time, issue of a certificate and/or fulfilment of any other requirement provided for in Condition 10 become an Event of Default;

Examples of Potential Event of Default in a sentence

  • Notwithstanding any other provision hereof, if an Event of Default or a Potential Event of Default has occurred and is continuing, the Non-Defaulting Party, upon written notice to the Defaulting Party, has the right to suspend performance under any or all Transactions.


More Definitions of Potential Event of Default

Potential Event of Default means an event or circumstance that could, with the giving of notice, lapse of time and/or issue of a certificate become an Event of Default.
Potential Event of Default means a condition or event which, after notice or lapse of time or both, would constitute an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period.
Potential Event of Default means an event or circumstance which could, with the giving of notice, lapse of time, the issuing of a certificate and/or fulfilment of any other requirement provided for in Condition 13 (Events of Default), become an Event of Default;
Potential Event of Default means any event which may become (with the passage of time, the giving of notice, the making of any determination hereunder or any combination thereof) an Event of Default;
Potential Event of Default means an event which, but for the lapse of time or the giving of notice or both, would constitute an Event of Default.
Potential Event of Default means an event that has occurred with respect to the Borrower which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default.
Potential Event of Default means any event or circumstance specified in Clause 26 (Events of Default) which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Finance Documents or any combination of any of the foregoing) be an Event of Default.