Reimbursement Event of Default definition

Reimbursement Event of Default has the meaning set forth in Section 13 hereof.
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Reimbursement Event of Default has the meaning set forth in Section 9.
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Reimbursement Event of Default means any Event of Default (as defined in the Reimbursement Agreement) under the Reimbursement Agreement.
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Examples of Reimbursement Event of Default in a sentence

  • Upon the occurrence and during the continuance of a Reimbursement Event of Default or a Lease Event of Default, the Security Agent shall have the right, at any time in its discretion and without notice to the Pledgor, to transfer to or to register in the name of the Security Agent, the Owner Trustee or GE Capital or any of their respective nominees any or all of the Collateral.

  • Each Bank acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of the Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of the Letter of Credit or the occurrence and continuance of a Reimbursement Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

  • At such time that a Reimbursement Event of Default or a Lease Event of Default shall have occurred and be continuing, the Partnership promptly shall deliver all Instruments to the Security Agent, appropriately en dorsed to the order of the Security Agent as further security hereunder.

  • Upon the occurrence and during the continuance of a Reimbursement Event of Default or a Lease Event of Default all rights of the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to the preceding sentence shall cease, and all such rights shall thereupon become vested in the Security Agent, which shall thereupon have the sole right to exercise such voting and other consensual rights.

  • No Reimbursement Default or Reimbursement Event of Default has occurred and is continuing.

  • The Company hereby constitutes the Administrating Bank its true and lawful attorney, irrevocably, with full power (in such attorney's name or otherwise), at any time when a Reimbursement Event of Default or Prepayment Event under the Reimbursement Agreement has occurred and is continuing, to enforce any of the obligations contained herein or to take any action or institute any proceedings which to the Administrating Bank may seem necessary or advisable in the premises.

  • At such time that a Reimbursement Event of Default or a Lease Event of Default shall have occurred and be continuing, the Steam Lessee promptly shall deliver all Instruments to the Security Agent, appropriately en dorsed to the order of the Security Agent as further security hereunder.

  • The Partnership warrants and forever shall defend its title to the Contract Rights against the claims and demands of any Person and hereby grants the Security Agent full power and authority, upon the occurrence or during the continuance of a Reimbursement Event of Default or a Lease Event of Default to take all actions as the Security Agent reasonably deems necessary or advisable to effectuate the provisions set forth in this sentence.

  • The Steam Lessee warrants and forever shall defend its title to the Contract Rights against the claims and demands of any Person and hereby grants the Security Agent full power and authority, upon the occurrence or during the continuance of a Reimbursement Event of Default or a Lease Event of Default to take all actions as the Security Agent reasonably deems necessary or advisable to effectuate the provisions set forth in this sentence.

  • Virginia Electric and Power Company has received notice from Bayerische Vereinsbank AG that a "Reimbursement Event of Default" has occurred under the Reimbursement Agreement, dated as of July 31, 1996, between Panda-Rosemary, L.P. and Bayerische Vereinsbank AG, which notice instructed Virginia Electric and Power Company to draw the full amount remaining under the Letter of Credit; or C.


More Definitions of Reimbursement Event of Default

Reimbursement Event of Default has the meaning set forth in the Reimbursement Agreement.
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Related to Reimbursement Event of Default

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

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

  • 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).

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • 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.

  • 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.

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

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

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

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

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

  • 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)).

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

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

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • 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;

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

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

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

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

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

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

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.