Examples of PTC Event of Default in a sentence
For purposes of the Applicable Trust, "PTC Event of Default," as used in the Basic Agreement, shall have the meaning set forth in the Intercreditor Agreement.
A PTC Event of Default with respect to the most senior outstanding Class of Certificates resulting from an Indenture Default under all Indentures will constitute a Triggering Event.
Any failure by the Pass Through Trustee to make expected principal distributions on the 1998-1-A Pass Through Certificates on any Regular Distribution Date (other than the Final Legal Distribution Date) will not be a PTC Event of Default.
Any failure by the Pass Through Trustee to make expected principal distributions on the 1998-1-B Pass Through Certificates on any Regular Distribution Date (other than the Final Legal Distribution Date) will not be a PTC Event of Default.
PTC Event of Default: Has the meaning specified in the Intercreditor Agreement.