Sponsor Default definition

Sponsor Default means any of the events set out in clause 14.1;
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Sponsor Default shall have the meaning given such term in ---------------
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Sponsor Default shall have the meaning given such term in the AFI Credit --------------- Agreement.
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Examples of Sponsor Default in a sentence

  • Sponsor hereby agrees, for the benefit of Borrower and Administrative Agent (on behalf of the Secured Parties), to contribute, or cause to be contributed, to Borrower a Turbine Default Funding Payment on the date the Loans (or any portion thereof) are accelerated in accordance with the terms of the Credit Agreement (each, a "Sponsor Default Turbine Contribution").

  • Any such Sponsor Default Turbine Contribution shall be paid in immediately available funds through the deposit of such funds directly into the Cash Collateral Account, for ultimate transfer to the Secured Parties in accordance with the terms of the Credit Agreement (including Section 7.2.2 thereof).

  • Upon the occurrence of a Sponsor Default, the Brooklyn Parties shall have the right to do any one or more of the following: (i) enforce the specific remedies provided for herein, (ii) recover all damages provided by law or in equity; (iii) exercise any other right or remedy at law or in equity, including obtaining an injunction or order of specific performance and (iv) terminate this Agreement.

  • Distributor acknowledges that in the event of a Sponsor Default (as defined in the Credit Agreement), the Agent (as defined below) as assignee for security of Investors has the right to terminate this Distribution Agreement.

  • If the City terminates this Agreement prior to the Expiration Date as the result of a Naming Rights Sponsor Default, Naming Rights Sponsor shall reimburse the City for all out of pocket costs incurred in connection with the removal of its signage from the Convention Center, the Theater, the Plaza or the District.

  • With respect to any of the TEPPCO Guarantors or Marathon, a Sponsor Default Event shall also be deemed to have occurred if Parent or Marathon, as applicable, fails to comply with the provisions of either of clauses (a) or (b) of Section 12 hereof, within the time periods specified therein.

  • The Sponsor agrees to pay or reimburse each Lender and the Agent for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, including, without limitation, the reasonable fees and disbursements of counsel to the Agent and, at any time after and during the continuance of a Sponsor Default, of one counsel for all the Lenders.

  • Such designations shall be made as promptly as possible after delivery of the Sumitomo Sponsor Default Cure Notice or the Apex Sponsor Default Cure Notice, as applicable, but in no event later than 15 days thereafter.

  • From the Effective Date through the end of the Term, and as long as no Sponsor Default exists, Entity hereby agrees that it shall not grant to any Direct Competitor any right or license to market or promote any products or services within the Exclusive Category anywhere at, or in conjunction with, the Events or the Spark!Fishers 5K.

  • Use: NOTE CAGEGORY: Immigration/Sponsorship NOTE TYPE: Sponsor Default InfoSUBJECT: Sponsorship Debt Review By faxing the RFCI to the CPCM, ODSP staff advise the CPCM that an application for social assistance has been made.


More Definitions of Sponsor Default

Sponsor Default has the meaning assigned to such term in Section 6.01 hereto.
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Sponsor Default has the meaning set forth in the Sponsor Pledge Agreement.
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Sponsor Default has the meaning set forth in Section 25. “Sponsor ID” means Sponsor’s name or logo.
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Sponsor Default means (a) the failure by the Sponsor to observe or perform any covenant, condition or agreement contained herein or in the Subordination Agreement and (b) any representation or warranty of the Sponsor contained herein, in the Support Agreement or in any certificate of the Sponsor delivered in connection therewith is incorrect in any material respect as of the date on which it was made.
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Related to Sponsor Default

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Minor Default means any Event of Default that is not a Major Default.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • 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.

  • 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:

  • 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.

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • 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.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • 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).

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

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • 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.

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

  • Servicer Default means an event specified in Section 8.01.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • 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)).

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

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

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

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

  • Administrator Default has the meaning specified in Section 5.1 of the Administration Agreement.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

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

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