Specified Events means loss or damage directly caused by the following events (a) to (r):
Specified Events means the occurrence of any of the following events, within the meaning of the Rule, with respect to the Bonds, as applicable: principal and interest payment delinquencies; non-payment related defaults; unscheduled draws on debt service reserves reflecting financial difficulties; unscheduled draws on credit enhancements reflecting financial difficulties; substitution of credit or liquidity providers, or their failure to perform; adverse tax opinions or events affecting the tax-exempt status of the Bonds; modifications to rights of holders or beneficial owners of the Bonds; Bond calls; defeasances; release, substitution, or sale of property securing repayment of the Bonds; and rating changes. The repayment of the Bonds is not secured by a lien on any property capable of release or sale or for which other property may be substituted.
Specified Events means the occurrence of any of the following events, within the
Examples of Specified Events in a sentence
Nothing contained in this Amendment or any other communication prior to the date hereof between Agent, any Lender and any Loan Party shall be a waiver of any past, present or future violation, Default or Event of Default (other than the Specified Events of Default) of any Loan Party under the Credit Agreement or any Other Document.
Subject to the satisfaction of each of the conditions precedent to the effectiveness of this Amendment set forth in Article III hereof, the Agent and the Required Lenders hereby waive the Specified Events of Default.
The Bank hereby waives and elects to forego exercising rights and remedies in respect of the Specified Events of Default.
Subject to the compliance by the Loan Parties with the terms and conditions set forth in this Second Amendment, the Administrative Agent and the Lenders hereby agree to waive the Specified Events of Default.
More Definitions of Specified Events
Specified Events means any of the events specified in SEC Rule Section (b)(5)(i)(C), as in effect and applicable to the Water Improvement Notes at the time of the primary offering of the Water Improvement Notes.
Specified Events means any of the following, within the meaning of the Rule, with respect to the Series 2022A Bonds as applicable: principal and Interest payment delinquencies; non- payment related defaults, if material; unscheduled draws on debt service reserves or on credit enhancements (Credit Enhancement Facility) reflecting financial difficulties; substitution of credit or liquidity providers (Credit Enhancement Facility providers), or their failure to perform; adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Series 2022A Bonds, or other material events affecting the tax status of the Series 2022A Bonds; modifications to rights of Series 2022A Registered Owners or beneficial owners, if material; Series 2022A Bond calls, if material, and tender offers; defeasances; release, substitution or sale of property securing repayment of the Series 2022A Bonds, if material; rating changes; bankruptcy, insolvency, receivership or similar event of the Obligated Person; consummation of a merger, consolidation or acquisition involving an Obligated Person or the sale of all or substantially all of the assets of the Obligated Person, other than in the ordinary course of business, or the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; appointment of a successor or additional trustee or the change of name of a trustee, if material; incurrence of a Financial Obligation of the Obligated Person, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Obligated Person, any of which affect Series 2022A Bond holders, if material; and default, event of acceleration, termination event, modification of terms, or other similar events under the terms of the Financial Obligation of the Obligated Person, any of which reflect financial difficulties. There are initially no credit or liquidity providers or debt service reserves applicable to the Series 2022A Bonds, or any property (except the Special Funds) securing repayment of those Bonds, and there is no trustee for the Series 2022A Bonds.
Specified Events means any of the events specified in SEC Rule Section (b)(5)(i)(C), as in effect and applicable to the Street Resurfacing Notes at the time of the primary offering of the Street Resurfacing Notes.
Specified Events means any corporate actions, legal proceedings or other procedures or steps being taken in relation to:
Specified Events means an event, occurrence or matter that:
Specified Events means the occurrence of any of the following events, within the meaning of the Rule, with respect to the Series 2007 Bonds: (a) principal and interest payment delinquencies; (b) non-payment related defaults; (c) unscheduled draws on any debt service reserve account reflecting financial difficulties; (d) unscheduled draws on credit enhancements reflecting financial difficulties; (e) substitution of credit or liquidity providers, or their failure to perform; (f) adverse tax opinions or events affecting the tax-exempt status of the Series 2007 Bonds; (g) modifications to rights of Holders or beneficial owners; (h) bond calls; (i) defeasances; (j) release, substitution, or sale of property securing repayment of the Series 2007 Bonds; and (k) rating changes.