Program Event of Default definition

Program Event of Default has the meaning set forth in Section 6.01.
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Program Event of Default means any event of default under the Program Documents.
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Program Event of Default shall have the meaning set forth in the Program Security Agreement.
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Examples of Program Event of Default in a sentence

  • The consent of the Agent and, so long as no Program Event of Default is pending, the Company shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof.

  • No delay or omission of the Lenders or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Program Event of Default or an acquiescence therein.

  • No delay or omission of the Lenders or the Agent to exercise any right under this Note shall impair such right or be construed to be a waiver of any Program Event of Default or Borrower Event of Repayment or an acquiescence therein.

  • In the event that this covenant is breached solely as a result of a change in the appropriate Market Capitalization Rate by the Agent and the Required Lenders (but not as a result of a change in such Market Capitalization Rate as published in the Korpacz Real Estate Investment Survey), such breach shall not be deemed a Program Event of Default unless the Company and the REIT fail to cure such breach within thirty (30) days of the date of such breach.

  • The Borrower agrees that upon the occurrence and during the continuance of any Program Event of Default or Borrower Event of Repayment, upon the request of the Agent and in exchange for this single master Note, the Borrower will execute and deliver substitute multiple notes (in substantially the form hereof) (each a "Replacement Note"), one for each Lender in the principal amount of such Lender's Pro-rata share of the Loan evidenced hereby.

  • The Company agrees to pay to the Agent for the account of the Employee any Early Payment Fee payable by the Employee pursuant to the Note that becomes due as a result of an acceleration of the Loan as a result of the occurrence of a Program Event of Default.

  • No delay or omission of the Lenders or the Agent to exercise any right under this Note shall impair suchright or be construed to be a waiver of any Program Event of Default or Borrower Event of Repayment or an acquiescence therein.

  • Without limiting the generality of the foregoing, after the occurrence and during the continuance of a Program Event of Default, Administrative Agent may without demand or notice (other than the ten (10) day notice provided for below) to Borrower, collect, receive, or take possession of the Collateral or any part thereof as provided in the UCC.

  • A waiver of one Program Default or Program Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent Program Default or Program Event of Default by Borrower or to impair any remedy, right or power consequent thereon.

  • In addition, Lender may exercise all rights and remedies available to it under this Agreement or the Facility Loan Documents or applicable law or equity when any such Program Event of Default under clauses (l) or (m) of Section 5.1 has occurred and is continuing.

Related to Program 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).

  • 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.

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

  • 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.

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

  • 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.

  • 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.

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

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

  • 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:

  • 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).

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

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

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

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

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

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

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

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

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

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

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

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