Unmatured Event of Default definition

Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

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.

Unmatured Event of Default means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

Examples of Unmatured Event of Default in a sentence

• Neither any Group Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Event of Default or Unmatured Event of Default unless such Administrator has received notice from any Lender, Group Agent, the Servicer or the Borrower stating that an Event of Default or an Unmatured Event of Default has occurred hereunder and describing such Event of Default or Unmatured Event of Default.

• The Administrator shall take such action concerning an Event of Default or an Unmatured Event of Default as may be directed by the Majority Group Agents (unless such action otherwise requires the consent of all Lenders), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Lenders and the Group Agents.

• In the event of any Event of Default or Unmatured Event of Default which requires action by Xxxxxx in accordance with the terms of the Loan Documents, Borrower shall pay all reasonable expenses incurred by Lender on demand relating to the enforcement, protection and defense of the rights of Lender in and to the Collateral or otherwise hereunder.

• Unless an Event of Default or Unmatured Event of Default shall have occurred and be continuing, Borrower is authorized to directly receive all proceeds related to Borrower’s Farm Products, if any, provided that such proceeds are transferred into a deposit account as required by this Agreement and the Security Agreement.

More Definitions of Unmatured Event of Default

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

Unmatured Event of Default means an event that but for notice or lapse of time or both would constitute an Event of Default.

Unmatured Event of Default means an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default.

Unmatured Event of Default means an event, act, or occurrence which with the giving of notice or the lapse of time, or both, would become an Event of Default.

Unmatured Event of Default means any event which (if it continues uncured) will, with lapse of time or notice or both, become an Event of Default.

Unmatured Event of Default means an event which with the passage of time, giving of notice or both, would become an Event of Default.

Unmatured Event of Default means the occurrence of an event or the existence of a condition which, with the giving of notice or the passage of time would constitute an Event of Default.