Trust Agreement Event of Default definition

Trust Agreement Event of Default means any one of the following events (whatever the reason for such Trust Agreement 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):
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Trust Agreement Event of Default means an Event of Default as defined in Section 101 of the Trust Agreement.
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Trust Agreement Event of Default shall have the meaning specified in SECTION 5.01 of the Trust Agreement.
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Examples of Trust Agreement Event of Default in a sentence

  • To the extent that any notice from LTV Steel or any of its Affiliates is required in connection with any Trust Agreement Event of Default, Purchase Termination Event or Servicer Termination Event, LTV Steel agrees to provide such notice within one Business Day after receiving any written direction or request from the Required Financing Parties that such notice be provided.

  • The foregoing will continue until the earlier of (i) the occurrence of a Distribution Payment Date at least one Business Day prior to which the Trust Agreement Event of Default has been cured or waived in which case Auctions will resume as described herein for the Distribution Period commencing with such Distribution Payment Date or (ii) the Preferred Securities are redeemed.

  • Each Seller acknowledges that the Purchaser shall assign all of its rights hereunder to the Collateral Agent and acknowledges that pursuant to the Trust Agreement, the Collateral Agent shall have certain rights to transfer certain of its rights upon a Trust Agreement Event of Default to the holders of the related Notes (each, a "Subsequent Party").

  • The Servicer shall also prepare and deliver Sales and Valuation Reports as the Collateral Agent may direct after the occurrence of a Trust Agreement Event of Default.

  • Upon the occurrence of a Trust Agreement Event of Default, if a Noteholder requests issuance of a Definitive Note in its name or in the name of a nominee, then the Collateral Agent shall issue a Definitive Note or Notes pursuant to such instructions and shall notify the Note Registrar and all Noteholders of the occurrence of any such event and of the availability of Definitive Notes to Noteholders requesting the same.

  • When the Collateral Agent incurs expenses after the occurrence of a Trust Agreement Event of Default specified in Section 5.01(vi), the expenses are intended to constitute expenses of administration under Title 11 of the United States Code or any other applicable federal or state bankruptcy, insolvency or similar law.

  • Except in the event of (i) the failure to hold an Auction for any reason (other than because a Trust Agreement Event of Default exists) on the Auction Date scheduled to occur at the end of the preceding Distribution Period or (ii) the occurrence of a Trust Agreement Event of Default, the Distribution Rate for each subsequent Distribution Period will be the Applicable Rate.

  • Upon the occurrence of a Trust Agreement Event of Default, the Servicer shall remit to the Collateral Agent the remaining balance in the Inventory Purchase Account.

  • In the case of any waiver of a Trust Agreement Event of Default, the Issuer, the Collateral Agent and the Secured Parties shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other Trust Agreement Event of Default or impair any right consequent thereto.

  • If the Final Distribution Period is selected and Sufficient Clearing Bids are received at the Auction immediately prior to the commencement of such Distribution Period: (i) such Auction will be the final Auction; (ii) the services of the Auction Agent and of the Broker-Dealers will end and (iii) there will be no adjustment to the Distribution Rate following the commencement of such Final Distribution Period, except upon an Trust Agreement Event of Default or during an Extension Period.


More Definitions of Trust Agreement Event of Default

Trust Agreement Event of Default wherever used herein, means any one of the following events (whatever the reason for such Trust Agreement 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):
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Related to Trust Agreement Event of Default

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

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

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

  • Issuer Event of Default means the occurrence of any of the following events:

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • 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).

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

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

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • 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.

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

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • 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)).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

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

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

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

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

  • 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.

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

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

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Subordination Event means any one of the following events:

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

  • 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;