Security Event of Default definition

Security Event of Default means, with respect to any Purchased Security, an event of default (however designated) in the Security Indenture. “Security Indenture” shall mean the indenture or other underlying instruments governing the Purchased Security.
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Security Event of Default means (i) the termination of the Procurement Agreement pursuant Article 20.B, 21.A, or 21.B thereof and the failure of Seller to repay the Deposit (or portion thereof) in the amount and within the time period specified in the Procurement Agreement, and (ii) any Obligor fails to observe, perform or comply with any of the provisions or terms contained in any Security Document or shall be in breach of any representation or warranty contained herein and such failure or breach could reasonably be expected to have a material adverse effect on the Collateral, taken as a whole, or the ability or such Obligor to perform its obligations under this Agreement, taken as a whole, or the other Security Documents and such failure or breach shall continue for a period of thirty (30) days (or, if such failure cannot be reasonably cured within such thirty (30) day period but is capable of being cured within ninety (90) days, then for a period of ninety (90) days, provided such Obligor continues to exercise diligence to effect such cure throughout such period) after written notice of such failure has been given by Purchaser to Seller.
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Security Event of Default means an Event of Default under, and as defined in, the Credit Agreement.
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Examples of Security Event of Default in a sentence

  • Under the terms of the Base Indenture, no exercise of a resolution tool or resolution power by the Relevant Resolution Authority or any action in compliance therewith shall constitute a Senior Non Preferred Debt Security Event of Default.

  • If a Senior Non Preferred Security Event of Default occurs as set forth in paragraph (i) above, then the Trustee or the holders of at least 25% in outstanding principal amount of the Notes may institute proceedings for the winding up or dissolution of Banco Santander but may take no further action in respect of such default.

  • If a Senior Non Preferred Security Event of Default occurs as set forth in paragraph (i) above, then the Trustee or the holders of at least 25% in outstanding principal amount of the 2023 Fixed Rate Notes, the 2028 Fixed Rate Notes and the 2023 Floating Rate Notes may institute proceedings for the winding up or dissolution of Banco Santander but may take no further action in respect of such default.

  • If a Senior Non Preferred Security Event of Default occurs as set forth in paragraph (i) above, then the Trustee or the holders of at least 25% in outstanding principal amount of the 2023 Floating Rate Notes may institute proceedings for the winding up or dissolution of Banco Santander but may take no further action in respect of such default.

  • Any such Security Event of Default shall be considered cured or waived for the purposes of this Agreement when it has been cured or waived in accordance with the Credit Agreement, as applicable.

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  • Notwithstanding anything herein contained to the contrary, so long as no Security Event of Default shall have occurred and be continuing, the Obligors will be permitted without restriction to use any cash Collateral (other than cash proceeds from the Insurance Policies, which shall be governed by Section 4.04(e) of this Agreement) and nothing herein shall create any obligation for an Obligor to transfer such cash Collateral to the Secured Party.

  • Security Event of Default - User Meets The Company Credit Rating 5.4.6.2 In the case where a User meets The Company Credit Rating on signing a Bilateral Connection Agreement any of the following events shall constitute an Event of Default:- (a) If the User fails to provide or procure that there is provided to The Company within the requisite time any relevant security satisfactory to The Company pursuant to Part III of Section 2 or Paragraph 5.4.6.2(c) of the CUSC.

  • Upon the occurrence and during the continuation of a Security Event of Default, any action or proceeding to enforce this Agreement may be taken by the Collateral Agent either in the Pledgor’s name or in the Collateral Agent’s name, as the Collateral Agent may deem necessary.


More Definitions of Security Event of Default

Security Event of Default means any Event of Default or Letter of Credit Event of Default or IRB Event of Default.
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Security Event of Default means (a) an Event of Default pursuant to Section 8.1(a) of the GSPA has occurred and is continuing (which shall include the failure to satisfy any payment obligations of Grantor owing to Secured Party and its Affiliates, and their respective directors, officers, partners, shareholders, employees, agents, representatives, co-venturers, successors, permitted assigns, contractors or servants pursuant to the GSPA or the Site Lease), (b) an Event of Default as defined in the Site Lease has occurred and is continuing (which shall include the failure to make any payment), and/or (c) Grantor has breached a material covenant hereunder and failed to cure within thirty (30) days after receipt of written notice from Secured Party concerning such breach.
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Security Event of Default means, with respect to any Purchased Security, an event of default (however designated) in the Security Indenture.
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Related to Security 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).

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

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

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

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

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

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

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

  • 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)).

  • 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.

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

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

  • 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):

  • 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).

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

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • 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:

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

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

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

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

  • Security Event means an immediately reportable subset of security incidents which incident would include:

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

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.