Subordinated Note Event of Default definition

Subordinated Note Event of Default means an event of default under the Indenture.
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Subordinated Note Event of Default means an "Event of Default" as defined in the Indenture.
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Subordinated Note Event of Default shall have the meaning set forth in Section 5.5.
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Examples of Subordinated Note Event of Default in a sentence

  • If the Depositor does not join in such appointment within 15 days after the receipt by it of a request so to do, or in case a Subordinated Note Event of Default has occurred and is continuing, the Property Trustee alone shall have power to make such appointment.

  • Upon any such waiver, such Subordinated Note Default shall cease to exist and be deemed to have been cured and not to have occurred, and any Subordinated Note Event of Default arising therefrom shall be deemed to have been cured and not to have occurred, for every purpose of the Subordinated Notes and this Agreement; but no such waiver shall extend to any subsequent or other Subordinated Note Default or Subordinated Note Event of Default or impair any right consequent thereto.

  • Prior to the declaration of the acceleration of the maturity of the Senior Notes as provided above, Subordinated Noteholders holding not less than a majority of the Outstanding Amount of the Subordinated Notes may waive any past Subordinated Note Default or Subordinated Note Event of Default and its consequences except a Subordinated Note Default in payment of principal of or interest on any of the Subordinated Notes.

  • The Company hereby agrees, for the benefit of the Trustee on behalf of the Holders, to provide written notice to the Trustee within 10 Business Days after obtaining actual knowledge of the occurrence or assertion of a Subordinated Note Event of Default.

  • The delivery by the Junior Creditor or the Company to the Trustee of the notice of a Subordinated Note Event of Default referred to in SECTION 7.1 with respect to the occurrence of a Subordinated Note Event of Default, which notice references the commencement of the Standstill Period, shall commence a Standstill Period of 180 days ("STANDSTILL PERIOD").

  • The Holder of the Common Securities will be entitled to receive Liquidation Distributions upon any such dissolution, winding-up or termination pro rata (determined as aforesaid) with Holders of Preferred Securities, except that, if a Subordinated Note Event of Default has occurred and is continuing, the Preferred Securities shall have a priority over the Common Securities.

  • No such rescission shall affect any subsequent Default or Subordinated Note Event of Default or impair any right consequent thereon.

  • The Property Trustee shall notify all Holders of Capital Securities of any notice of Default or Subordinated Note Event of Default received by the Property Trustee under the Subordinated Loan Agreement.

  • The Holder of Common Trust Securities will be entitled to receive Liquidation Distributions upon any such winding-up Pro Rata (determined as aforesaid) with Holders of Preferred Trust Securities, except that, if a Subordinated Note Event of Default (or event that with the lapse of time or giving of notice would become an Event of Default) has occurred and is continuing, the Preferred Trust Securities shall have a priority over the Common Trust Securities.

  • If the Company fails because of this Agreement to pay principal of, premium or interest or any other amounts on the Subordinated Note on the due date, the failure is still a Subordinated Note Event of Default under the Subordinated Note (subject to the expiration of any applicable grace period, in accordance with the terms of the Subordinated Note Financing Agreements).


More Definitions of Subordinated Note Event of Default

Subordinated Note Event of Default means an "Event of Default" as defined in the Subordinated Loan Agreement.
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Subordinated Note Event of Default means an "Event of Default", as such term is defined in the Dry Creek Security Agreement, or the failure of the Subordinated Note Holder for 30 days after notice thereof to perform or comply with any of its obligations under this Agreement.
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Subordinated Note Event of Default means an "Event of Default", as such term is defined in the Investment Agreement. "SUBORDINATED NOTE FINANCING AGREEMENTS" means the Subordinated Note, the Investment Agreement and the related documents executed in connection therewith. "SUBORDINATED NOTE FINANCING AGREEMENTS" shall also include all amendments and modifications of the foregoing permitted under SECTION 3.5. "SUBORDINATED NOTE FINANCING EXECUTION VERSION 4 AGREEMENTS" shall not include the License Agreement, the Hard Rock Leases (as defined the License Agreement) and the Memorabilia Lease (as defined the License Agreement).
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Related to Subordinated Note Event of Default

  • 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.

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

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • 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)).

  • Senior Event of Default means an Event of Default under a Senior Financing 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.

  • Specified Event of Default means any Event of Default under Section 8.01(a), Section 8.01(f) or Section 8.01(g).

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

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

  • Event of Default has the meaning specified in Section 8.01.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

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

  • Indenture Default means, with respect to any Indenture, any Event of Default (as such term is defined in such Indenture) thereunder.

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

  • 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;

  • 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:

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

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

  • 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.

  • Senior Payment Default means any default in the payment of principal of (or premium, if any) or interest on any Senior Debt of the Company when due, whether at the Stated Maturity of any such payment or by declaration of acceleration, call for redemption or otherwise. In the event that any Senior Nonmonetary Default (as defined below) shall have occurred and be continuing, then, upon the receipt by the Company, the Subsidiary Guarantors and the Trustee of written notice of such Senior Nonmonetary Default from the agent for the Designated Senior Debt which is the subject of such Senior Nonmonetary Default, no Securities Payment shall be made during the period (the “Payment Blockage Period”) commencing on the date of such receipt of such written notice and ending on the earlier of (i) the date on which such Senior Nonmonetary Default shall have been cured or waived or shall have ceased to exist or all Designated Senior Debt the subject of such Senior Nonmonetary Default shall have been discharged; (ii) the 179th day after the date of such receipt of such written notice; or (iii) the date on which the Payment Blockage Period shall have been terminated by written notice to the Company, any Subsidiary Guarantor or the Trustee from the agent for the Designated Senior Debt initiating the Payment Blockage Period; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Sixteen by delivering and crediting pursuant to Section 1602 Securities which have been acquired (upon redemption or otherwise) prior to the date of such receipt of such written notice. No more than one Payment Blockage Period may be commenced with respect to the Securities of a particular series during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all purposes of this paragraph, no Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360 consecutive days, unless such Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days.

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.