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

Examples of Unmatured Event of Default in a sentence

• Any such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary, and such designation will only be permitted if (a) such Indebtedness is permitted by Section 4.08 calculated on a pro forma basis; and (b) no Event of Default or Unmatured Event of Default would be in existence following such designation.

• So long as an Unmatured Event of Default or an Event of Default has occurred and is Continuing, the reasonable fees and documented expenses of such persons will be for the account of the Obligors.

• If an Unmatured Event of Default or Event of Default occurs and is Continuing and if a Responsible Officer of the Trustee has written notice thereof, the Trustee will mail to Holders a notice of the Unmatured Event of Default or Event of Default within 90 days after it occurs.

• Except in the case of an Unmatured Event of Default or Event of Default in payment of principal of, premium or interest on, any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders.

• Any notice delivered in respect of any such waiver or rescission shall be referred to as a “Cessation Notice.” Upon any such waiver, such Unmatured Event of Default, Event of Default or Declared Event of Default shall cease to exist, and any Unmatured Event of Default, Event of Default or Declared Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture.

More Definitions of Unmatured 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 any condition or event that with notice, passage of time, or both would, if not cured within the time periods (if any) permitted pursuant to the Loan Documents, be 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 any event specified in Section 7.01 of this Agreement, which is not initially an Event of Default, but which would, if uncured, become an Event of Default with the giving of notice or the passage of time or both.

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 an event, act, or occurrence which, with the giving of notice or the passage of time, would become an Event of Default.

Unmatured Event of Default means an event or condition which constitutes, or which with the lapse of any applicable grace period or the giving of notice or both would constitute, an Event of Default and which has not been waived by the Majority Banks in writing.