Specific Event of Default definition

Specific Event of Default an Event of Default (i) described in Section 11.1(a), 11.1(c), 11.1(f), 11.1(g) or 11.1(j) or (ii) arising out of a breach or failure to perform any representation, warranty or covenant set forth in Sections 7, 8, 10.2 or 10.3.
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Specific Event of Default means an Event of Default of the type described in Sections 6.01(a), 6.01(b) (but solely in connection with representations and warranties in respect of the Borrowing Base). 6.01(d) (but solely as a result of a breach of Section 5.05 of the Credit Agreement) or 6.01(f) of the Credit Agreement.
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Specific Event of Default means (a) any Event of Default of the type described in Section 9(a), 9(b), 9(f), 9(g), 9(h), 9(l) or 9(n) or (b) the delivery by the Lender to the Borrower of a written notice of its intent to accelerate the Indebtedness arising under the Basic Documents in accordance with Section 9.
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Examples of Specific Event of Default in a sentence

  • Claims in respect of any difference between the amount of the net proceeds of the relevant Specific Security after enforcement thereof and the amount which would otherwise have been payable under the Notes and Coupons (if any) of the relevant Specific Series (a “shortfall”) shall be extinguished and failure to make any payment in respect of any such shortfall shall in no circumstances constitute a Specific Event of Default with respect to such Specific Series.

  • The Specific Security in respect of a Specific Series shall become enforceable upon the occurrence of a Specific Event of Default with respect to such Specific Series (described in Condition 9C) which is continuing, or (ii) in any other circumstances detailed in the relevant Supplemental Trust Deed and/or Specific Pledge Agreement.

  • The Specific Security in respect of a Specific Series shall become enforceable upon the occurrence of a Specific Event of Default with respect to such Specific Series (described in Condition 9B) which is continuing, or (ii) in any other circumstances detailed in the relevant Supplemental Trust Deed and/or Specific Pledge Agreement.

  • The Specific Security in respect of a Specific Series shall become enforceable upon the occurrence of a Specific Event of Default with respect to such Specific Series (describedin Condition 9C) which is continuing, or (ii) in any other circumstances detailed in the relevant Supplemental Trust Deed and/or Specific Pledge Agreement.

  • The Borrower shall provide to the Lender copies of any amendments to any Bank Agreement affecting the Specific Event of Default Provision and the Borrower and the Lender shall promptly thereafter enter into an amendment to this Agreement to include or remove the Specific Event of Default Provision in accordance with this covenant; provided that the amendments effected by this covenant shall be effective notwithstanding any failure of the parties to execute any such amendments to this Agreement.

  • The Specific Security in respect of a Specific Series shall become enforceable upon the occurrence of a Specific Event of Default with respect to such Specific Series (described in Condition 9B).

  • No delay or omission of the Indenture Trustee or of any Noteholder to exercise any right or remedy accruing upon any Series-Specific Event of Default shall impair any such right or remedy or constitute a waiver of any such Series- Specific Event of Default or an acquiescence therein.

  • Except for as set forth in the C-470 TIFIA Loan, the Borrower is not a party to any Bank Agreement that provides for a Specific Event of Default Provision.

  • Obligors further acknowledge that as a result of such Specific Event of Default, Lender has the right to immediately exercise all rights and remedies available under the Agreement, related documents and applicable law, including but not limited to the right to cease making loans and advances to Borrower, the right to demand and collect all of Obligors’ outstanding Liabilities, and the right to exercise its remedies with respect to the Collateral securing such Liabilities.

  • The occurrence of a Series 2020-1 Event of Default will not in and of itself result in the occurrence of a Series Specific Event of Default for any other Series.

Related to Specific 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).

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

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

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

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

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

  • 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.

  • 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):

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

  • 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.

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

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

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

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

  • 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)).

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

  • 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).

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

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

  • 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;

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

  • 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;

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

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

  • 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.

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