Underlying Securities Bankruptcy Default definition

Underlying Securities Bankruptcy Default means the occurrence of any event of bankruptcy, insolvency or reorganization that would be an event of default under the Underlying Securities Indenture.
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Underlying Securities Bankruptcy Default. Not Applicable. Applicable.
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Underlying Securities Bankruptcy Default has the meaning specified in the Trust Agreement.
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Examples of Underlying Securities Bankruptcy Default in a sentence

  • An Underlying Securities Bankruptcy Default shall have occurred and be continuing.


More Definitions of Underlying Securities Bankruptcy Default

Underlying Securities Bankruptcy Default means the occurrence of a Debenture Event of Default relating to a bankruptcy, insolvency or reorganization of the Junior Subordinated Debenture Issuer or the Junior Subordinated Debenture Issuer's failure to pay interest, principal or premium on the Junior Subordinated Debentures.
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Underlying Securities Bankruptcy Default means the occurrence of any Debenture Event of Default relating to bankruptcy, insolvency or reorganization that would be an event of default under the Indenture, dated February 20, 2004, with respect to the 6.345% Junior Subordinated Debentures issued by The Goldman Sachs Group (the "Junior Subordinated Debentures") or Thx Xxxxxax Xxxhs Group's failure to pay interest, principal or any xxxxxxx xx xxe Junior Subordinated Debentures.
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Related to Underlying Securities Bankruptcy Default

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

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

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

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

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

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

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

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

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

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

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

  • Bankruptcy Event means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.

  • 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).

  • 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):

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

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

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

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Administrative Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).