Province Event of Default definition

Province Event of Default has the meaning attributed to that term in section 9.7.‌
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Province Event of Default means any of the following events or circumstances:
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Province Event of Default has the meaning given in the Project Agreement.
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Examples of Province Event of Default in a sentence

  • The Province shall give each of the other Creditors prompt written notice of any notice of any Province Event of Default delivered by it to, or received from, any Credit Party no later than three (3) Business Days after receiving or giving same; provided, however, that no adverse consequence (including no liability) to the Province shall result from any inadvertent failure to provide any notice contemplated by this Section 3.1.

  • The Province may, by notice to Project Co within 30 days after receipt of the Reinstatement Plan, terminate this Agreement and pay compensation to Project Co in accordance with Section 1 [Termination for Province Event of Default or at Province’s Option] of Schedule 9 [Compensation on Termination].

  • The Province will notify Project Co of the occurrence, and details, of any Province Event of Default and of any event or circumstance which is likely, with the passage of time or otherwise, to constitute or give rise to a Province Event of Default, in either case promptly on the Province Having Knowledge of its occurrence.

  • The Province will notify Project Co of the occurrence, and details, of any Province Event of Default and of any event or circumstance which is likely, with the passage of time or otherwise, to constitute or give rise to an Province Event of Default, in either case promptly on the Province Having Knowledge of its occurrence.

  • Where an Province Event of Default has occurred, upon receipt by the Indenture Trustee and Senior Lenders of all amounts owing by the Province to the Indenture Trustee and Senior Lenders under the Lenders’ Remedies Agreement, the Insurance Trustee shall release all amounts in the Insurance Trust Account, the Insurance Policies and the Insurance Proceeds to Project Co or as Project Co may otherwise direct from time to time.


More Definitions of Province Event of Default

Province Event of Default has the meaning set out in Section 13 (Province Events of Default);
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Related to Province 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).

  • 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.

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

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

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

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

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

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

  • 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:

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

  • 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)).

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

  • 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.

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

  • 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.

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

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

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

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

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

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

  • 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.

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

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