Revolving Event of Default definition

Revolving Event of Default has the meaning specified for the term “Event of Default” in the Revolving Credit Agreement.
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Revolving Event of Default has the meaning specified in Section 8.01.
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Revolving Event of Default any of the events specified in Section 8, provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied.
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Examples of Revolving Event of Default in a sentence

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

  • Neither the Administrative Agent nor the Collateral Agent shall be deemed to have knowledge or notice of the occurrence of any Revolving Default or Revolving Event of Default hereunder unless the Administrative Agent has received notice from a Revolving Lender, TWTC or the Borrower referring to this Agreement, describing such Revolving Default or Revolving Event of Default and stating that such notice is a “notice of default”.

  • No Revolving Default or Revolving Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.

  • Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Revolving Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

  • In addition, at all times while a Revolving Event of Default shall have occurred and be continuing, the highest rates set forth in each column above shall apply.

  • If the Company is required to provide an amount of cash collateral hereunder as a result of the occurrence of a Revolving Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Company within three Business Days after all Revolving Events of Default have been cured or waived.

  • In addition, at all times while a Revolving Event of Default shall have occurred and be continuing, the highest rate set forth in each column above for Revolving Loans shall apply.

  • EVENTS OF DEFAULT AND REMEDIES 179 8.01 Revolving Events of Default 179 8.02 Remedies Upon a Revolving Event of Default 182 8.03 Used Vehicle Events of Default 182 8.04 Remedies Upon Used Vehicle Event of Default 185 8.05 New Vehicle Events of Default 187 8.06 Remedies Upon New Vehicle Event of Default 189 8.07 Other Remedies Upon an Event of Default 191 8.08 Overdrawing of Loans 191 TABLE OF CONTENTS Section Page 8.09 Application of Funds 192 ARTICLE IX.

  • The parties hereto understand and agree, that notwithstanding anything to the contrary contained in any Loan Document, the failure to comply with this Section 10 shall constitute an immediate Revolving Event of Default and Term Loan B Event of Default.


More Definitions of Revolving Event of Default

Revolving Event of Default means an "Event of Default" under and as defined in the Revolving Loan Agreement.
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Revolving Event of Default means an event of default (howsoever described) under a Revolving Finance Document.
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Related to Revolving Event of Default

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

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

  • 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.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

  • 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.