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 has the meaning set forth in 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.

  • ITEM 9: REPORTING OBLIGATIONS 9.1 Reporting to Bondholders We are not required to provide you with any documents on an annual or ongoing basis.

  • 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.

  • 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 receive the distributions which it would otherwise be authorized to receive and retain 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 receive and hold as Collateral such distributions.

  • 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 Amended 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.

  • Anything to the contrary in this paragraph notwithstanding, if such event is a Reimbursement Event of Default specified in clause (f) above that relates to the Company, such Reimbursement Obligations shall immediately and automatically become due and payable.

  • If a Reimbursement Event of Default occurs and is continuing, the Required Banks may, in their sole discretion, by notice to the Issuer and the Collateral Agent cause the Funding Bank to terminate the Letter of Credit as provided therein.

  • Notwithstanding the foregoing, if a Reimbursement Event of Default referred to in paragraph (f) or (g) of Section 14 of the Facility Lease shall occur with respect to the Partnership, the General Partner, the Limited Partner, Panda or Holdings, automatically and without notice the actions described in clause (i) above shall be deemed to have occurred.

  • A start- up team with more formal education may possess greater entrepreneurial and managerial expertise, including technical expertise that informs innovative activity.

  • At all Director Election Meetings, the Company shall, subject to applicable law, ensure that holders of Common Shares will only be able to vote “for” the election of a director or in the alternative, have the option to “withhold” their vote.


More Definitions of Reimbursement Event of Default

Reimbursement Event of Default means any Event of Default (as defined in the Reimbursement Agreement) under 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 any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

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

  • 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.

  • 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.

  • 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 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:

  • 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.

  • 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.

  • 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 any Event of Default under Section 8.01(a), Section 8.01(f) or Section 8.01(g).

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

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

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

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

Most Referenced Clauses

Most Referenced Definitions