Financial Covenant Event of Default has the meaning specified in Section 8.01(b).
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.
Significant Event means any Amortization Event or Event of Default.
Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;
Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.
Payment Event of Default means an Event of Default specified in Section 7.1(a).
Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.
Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.
Replacement Event shall have the meaning specified in Section 11.16.
Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).
ii) Event means any event described in Section 11(a)(ii) hereof.
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;
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.
Trigger Event shall have the meaning specified in Section 14.04(c).
Covenant Suspension Event has the meaning set forth in Section 4.18.
Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.
Servicer Event of Default wherever used herein, means any one of the following events:
Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”
Put Event means the occurrence of any of the following:
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)).
Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.
Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.
Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.
Issuer Event of Default means the occurrence of any of the following events: