Underlying Securities Event of Default definition

Underlying Securities Event of Default means any "Event of Default" under the Underlying Securities Indenture.
Sample 1Sample 2Sample 3
Underlying Securities Event of Default means the occurrence of an event of default under the Underlying Securities Indenture, and the failure of the Underlying Securities Issuer to pay the Whole Amount Due after demand by the Trustee made pursuant to Section 7.16(a) or otherwise to cure such default in accordance with the provisions of the Underlying Securities Indenture.
Sample 1Sample 2
Underlying Securities Event of Default. An event of default under the indenture or other similar document pursuant to which the Underlying Securities were issued.
Sample 1Sample 2

Examples of Underlying Securities Event of Default in a sentence

  • As promptly as practicable after, and in any event within 30 days after, the occurrence of any Swap Agreement Termination Event or Underlying Securities Event of Default actually known to the Trustee, the Trustee shall give notice of such Swap Agreement Termination Event or Underlying Securities Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates.

  • Between 1997 and 2002, Costa Rica received a total of $2.892 billion in foreign investment, according to Azofras, which cited the Central Bank’s fifth report on foreign direct investment.

  • After the Closing Date, and subject to Sections 5.2 and 5.3 below, the Trust shall not purchase or otherwise acquire any assets except as provided by Section 2.14, or, subject to Section 7.15 and, in the case of an Underlying Securities Event of Default, Section 7.16, agree to any modification of the terms of the Underlying Securities.

  • If any Underlying Securities Event of Default (other than of the type described in clauses (i) and (ii) above) occurs and is continuing, then, subject to Section 7.1(f), the Trustee may proceed against the Underlying Securities Issuer on behalf of the Certificateholders.

  • As promptly as practicable after, and in any event within 30 days after, the occurrence of any Swap Agreement Termination Event or Underlying Securities Event of Default actually known to the Trustee, the Trustee shall give notice of such Swap Agreement Termination Event or Underlying Securities Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent.

  • Trustee's Enforcement and Voting of Underlying Securities Upon an Underlying Securities Event of Default............................................................

  • Voting of the Underlying Securities Other than in the Case of an Underlying Securities Event of Default.......................................................................

  • Mission Statement Grow employment and business opportunities to sustain the economic health of Loveland and the Northern Colorado region.

  • Voting of the Underlying Securities Other than in the Case of an Underlying Securities Event of Default.............


More Definitions of Underlying Securities Event of Default

Underlying Securities Event of Default means any "Event of Default" under the Underlying Securities Trust Agreement.
Sample 1Sample 2

Related to Underlying Securities Event of Default

  • 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).

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

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

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

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

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

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

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

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

  • 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.

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

  • 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)).

  • 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.

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

  • 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.

  • 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;

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

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

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

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

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

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

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

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

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

  • 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.