Examples of Series Event of Default in a sentence
No Series Event of Default has occurred and is continuing, nor does any situation exist which, with the giving of notice and/or the passage of time, would result in the occurrence of a Series Event of Default.
Fees receivable, less any scholarships, bursaries or other allowances granted from the College unrestricted funds, Office for Students support and charges for services and use of the premises are recognised in the period in which the related service is provided.
If a Series Event of Default occurs and the security interest granted under the Series General Security Deed is enforced prior to the Final Maturity Date, the amounts available to the Holders of the Offered Notes will be limited to the Series Assets.
Upon the occurrence of a Series Event of Default which is continuing, the relevant Series Masse Meeting may declare the outstanding Notes of the concerned Series immediately due and payable.
Upon the occurrence of a Series Event of Default, the Series Security Trustee will be entitled to enforce the Series Charge and apply the Series Assets which are charged in favour of the Series Security Trustee for the benefit of the Series Secured Creditors of the Series (which term includes the Holders of the Offered Notes).
Similarly, upon the occurrence of a Series Event of Default and enforcement of the Security, holders of Registered Global Notes will be restricted to acting through Euroclear and Clearstream, Luxembourg unless and until Definitive Class A1c Notes are issued in accordance with the relevant provisions described in Section 14 (“Descriptions of the Class A1c Notes”) of this Offering Circular.
A Series 2017-VFN Event of Default shall constitute a Series Event of Default (and therefore an Event of Default) for purposes of the Indenture.
The Trustee and the Master Servicer shall each notify the other such party, the Certificateholders, the Controlling Class Representative and the Rating Agencies of any [Other CMBS Series] Event of Default known to a Responsible Officer of the Trustee or a Servicing Officer of the Master Servicer, as the case may be, in the same manner as it would notify such parties of an Event of Default hereunder.
By June 2021, the Commission will complement the recently adopted Taxonomy Regulation with a Delegated Act setting forth requirements for undertakings subject to the NFRD (i.e. large listed undertakings, large banks and large insurance undertakings with more than 500 employees).
Nothing in this Section 2.9(a) shall be deemed to limit or restrict the rights and remedies available to the Lender as a result of the occurrence of a Loan Series Default or a Loan Series Event of Default under this Agreement.