Underlying Loan Event of Default definition

Underlying Loan Event of Default means an “Event of Default” (or any similar term) as defined in the Underlying Whole Loan Documents for the Underlying Whole Loan.
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Underlying Loan Event of Default means any event of default that occurs under any Underlying Loan Document that remains in existence beyond any applicable notice or cure period.
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Examples of Underlying Loan Event of Default in a sentence

  • In the event that Borrower intends to commence any foreclosure upon or comparable conversion of the ownership of the Mortgaged Property or other exercise of any remedies under any Underlying Loan Documents, or grant its consent or approval to any such action, in connection with any Underlying Loan Event of Default as applicable, Borrower shall give Lender at least ten (10) Business Days’ notice prior to commencing such action or consenting or approving any such action.

  • Except as otherwise provided in this Agreement, Borrower shall not be responsible for the cost of such Appraisal[s] unless an Underlying Loan Event of Default or Event of Default is in existence at the time such Appraisal is requested or if a Lender is required to obtain such Appraisals under Requirements of Law.

  • During any period of time commencing after Class A Lender notifies Borrower that Class A Lender or an Affiliate of Class A Lender is no longer a lender under the Underlying Loan Agreement, Borrower shall deliver Class A Lender any all notices and documents received with respect to any Underlying Loan Event of Default and/or Foreclosure Event.

  • During any period of time commencing after Class A Lender notifies Borrower that Class A Lender or an Affiliate of Class A Lender is no longer a lender under the Underlying Loan Agreement, Borrower shall promptly, and in any event not later than five (5) Business Days following receipt thereof, deliver to Lender any written notice of the occurrence of any Underlying Loan Event of Default.

  • During any period of time commencing after Class A Lender notifies Borrower in writing that Class A Lender (together with its Affiliates) no longer has any direct economic interest in the Underlying Whole Loan, Borrower shall promptly, and in any case within two (2) Business Days after obtaining Knowledge thereof, deliver to Lender any written notice of the occurrence of any Underlying Loan Event of Default.

  • During any period of time commencing after Class A Lender notifies Borrower in writing that Xxxxxxxx must provide notices pursuant to this Article 11(a)(iii), Borrower shall, within five (5) Business Days following receipt thereof, deliver to Lender any written notice of the occurrence of any Underlying Loan Event of Default.

Related to Underlying Loan Event of Default

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

  • 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.

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

  • 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).

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

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

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

  • 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):

  • 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.

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

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

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

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

  • 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)).

  • 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;

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

  • 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.

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

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

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.

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

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