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.

  • 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.

  • At Paragraph 5.4.7 (Specific Event of Default Disconnection) amend the last Paragraph in 5.4.7(b) as follows.

  • In the event of any re-occurrence of a Specific Event of Default or any breach of the Conditions Precedent, the Conditions Subsequent or the Additional Agreements set forth in this Second Forbearance Agreement, then, to the extent that Buyer establishes before a court of appropriate jurisdiction that any of the foregoing has occurred, the Seller consents to injunctive relief for the benefit of Buyer in order to enforce the terms of this Second Forbearance Agreement and the Purchase Agreement.

  • 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.

  • Similarly, the proportion of foreign companies that are medium, large, and very large are 44.2%, 17.0%, and 13.0% respectively (see Table 7).

  • The Borrower will not, nor will it permit any of its Subsidiaries to, declare or make any Dividend Payment (i) at any time that a Specific Event of Default shall have occurred and be continuing or at any time that the Borrower shall fail to comply with Section 8.15 and (ii) unless the Borrower, prior to such Dividend Payment, has reserved sufficient Property NOI to pay the amount of interest due on the next succeeding Interest Payment Date.

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

  • In the event of any re-occurrence of a Specific Event of Default or any breach of the Conditions Precedent, the Conditions Subsequent or the Additional Agreements set forth in this Forbearance Agreement, then, to the extent that Buyer establishes before a court of appropriate jurisdiction that any of the foregoing has occurred, the Seller consents to injunctive relief for the benefit of Buyer in order to enforce the terms of this Forbearance Agreement and the Purchase Agreement.

  • Upon the occurrence and during the continuance of a Specific Event of Default or at any time when the Borrower shall fail to comply with Section 8.15 the Borrower shall prepay the Mortgage Loans in an aggregate principal amount equal to 100% of Excess Cash Flow on the next Interest Payment Date and on each Interest Payment Date thereafter until all Mortgage Loans and all other amounts due under the Basic Documents shall have been paid in full.

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 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.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • 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.

  • 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 the Senior Loan Documents.

  • 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 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:

  • 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).

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

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

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

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

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

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