Sponsor Event of Default definition

Sponsor Event of Default means one or more of the following shall have occurred and is continuing with respect to the Sponsor:

Sponsor Event of Default means any “Guarantor Event of Default” as defined in the Sponsor Guaranty.

Sponsor Event of Default has the meaning ascribed to it in Section 10.3.

Examples of Sponsor Event of Default in a sentence

• An audit not followed by a notice of a Sponsor Event of Default shall not constitute or be deemed to constitute a waiver of any Sponsor Event of Default, nor shall it constitute or be deemed to constitute an acknowledgement that there has been or will be compliance by the Sponsor with this Agreement.

• Sponsor will use commercially reasonable efforts to negotiate adequate assignment provision(s) to allow NYSERDA to assume Sponsor's rights and obligations under the Project Agreement in the event of a Sponsor Event of Default or Developer Event of Default in accordance with Article 5 of Exhibit B of this Agreement.

• In the event that a court renders a final, non-appealable judgment finding that Developer appropriately terminated the Project Agreement for Sponsor Event of Default, Sponsor shall be responsible for making an Alternate Economic Investment in accordance with Section 5.02(f).

• There is no place to plow snow and it would have to be placed on private property.

• If a Sponsor Event of Default occurs at any time, the Borrower shall immediately make a mandatory prepayment of the Loans in an amount not less than the maximum potential amount of remaining prepayments that could be required under this Section 3.04(b)(vi) as of the date such Sponsor Event of Default occurs.

More Definitions of Sponsor Event of Default

Sponsor Event of Default means the occurrence of any of the following: (a) any of the types of events described in Section 9.01(f) and (g) of the Financing Agreement with respect to Sponsor Guarantor, (b) any representation, warranty or statement made or deemed to be made by Sponsor Guarantor herein or in any statement or certificate delivered or required to be delivered pursuant hereto or thereto shall prove untrue in any material respect on the date as of which it was deemed to have been made, (c) Sponsor Guarantor shall default in the payment when due of any amounts payable by Sponsor Guarantor pursuant to this Guaranty, (d) this Guaranty or any provision hereof shall cease to be in full force and effect with respect to Sponsor Guarantor for reason other than pursuant to the occurrence of the Termination Date in accordance with this Guaranty, or Sponsor Guarantor or any Person acting by or on behalf of Sponsor Guarantor shall deny or disaffirm Sponsor Guarantor’s obligations under this Guaranty (it being understood and agreed that a bona fide dispute in good faith by Sponsor Guarantor in connection with this Guaranty shall not constitute denying or disaffirming Sponsor Guarantor’s obligations hereunder), and (e) Sponsor Guarantor shall default the due performance or observance of any term covenant or agreement: (i) contained in Section 7(a)(i) or 7(h) of this Guaranty or (ii) contained in any other Section of this Guaranty (other than those Sections specifically referred to in clause (i) above) and such default shall continue unremedied for a period of thirty (30) days after the earlier of (1) receipt by Sponsor Guarantor of written notice from the Collateral Agent of such default or (2) actual knowledge of any senior officer of Sponsor Guarantor of such default.

Sponsor Event of Default means any of the events specified in Section 8; provided that any requirement for passage of time, giving of notice or any other condition has been satisfied.

Sponsor Event of Default has the meaning ascribed therefor in the Sponsor Guaranty and Put Agreement.

Sponsor Event of Default. Has the meaning given thereto in Section 7.1. “Term” – Has the meaning given thereto in Section 2.1.

Sponsor Event of Default shall have the meaning specified therefor in the Sponsor Guarantees.

Sponsor Event of Default has the meaning assigned to that term in Section 6.1.

Sponsor Event of Default means any Event of Default under Section 10.01(p).