Unmatured Significant Event definition

Unmatured Significant Event means any event that, if it continues uncured, will, with lapse of time or notice or lapse of time and notice, constitute a Significant Event.
Sample 1Sample 2Sample 3
Unmatured Significant Event means any event that, if it continues uncured, will, with lapse of time or notice, constitute a Significant Event.
Sample 1Sample 2Sample 3

Examples of Unmatured Significant Event in a sentence

  • In order to induce the Administrator and the Lender to enter into this Amendment, the Borrower hereby represents and warrants to the Administrator and the Lender that, after giving effect to the amendments in Section 1 above, no Significant Event or Unmatured Significant Event exists and is continuing as of the date hereof.

  • None of the Agents shall be deemed to have knowledge or notice of the occurrence of anySignificant Event or Unmatured Significant Event unless such Agent has received notice from another Agent, a Lender or a Loan Party referring to thisAgreement, stating that a Significant Event or Unmatured Significant Event has occurred hereunder and describing such Significant Event or Unmatured Significant Event.

  • As soon as possible but in any event within one (1) Business Day after any officer of Borrower or either Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, Borrower or such Servicer, as the case may be, will deliver to Administrator and Lender an officer's certificate of Borrower or Servicer, as the case may be, setting forth details of such event and the action that Borrower or Servicer, as the case may be, proposes to take with respect thereto.

  • However, MARAD’s policy does not cover this portion of the requirement or the section’s prohibition of the sale of loan collateral before the loan is repaid.The policy also does not cover § 298.24’s requirements on guarantees for older vessels.

  • As of the date hereof and the date of making of such Loan, each of the representations and warranties contained in Article VIII of the Agreement shall be true and correct on and as of the date hereof and, if applicable, the date of such Loan, and no Significant Event or Unmatured Significant Event has occurred and is continuing or shall exist after giving effect to the Loan requested hereby.

  • Equity and debt finance (beyond traditional bank lending) can greatly enhance the potential development and resilience of creative enterprises and organisations.

  • In order to induce the Administrator and the Lender to enter into this Amendment, the Borrower hereby represents and warrants to the Administrator and the Lender that, after giving effect to the amendments in Section 1 above, no Significant Event or Unmatured Significant Event exists and is continuing as of the date hereof.3. Effectiveness.

  • As soon as possible but in any event within two (2) Business Days after any Authorized Officer of Borrower or Collection Agent becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, Borrower or Collection Agent, as the case may be, will deliver to the Agents for distribution to the Lenders an officer’s certificate of Borrower setting forth details of such event and the action that Borrower or Collection Agent, as the case may be, proposes to take with respect thereto.

  • The Administrative Agent shall take such action with respect to such Significant Event or Unmatured Significant Event as shall be directed by any of the Co-Agents provided that the Administrative Agent is indemnified to its satisfaction by such Co-Agent and its Constituent Liquidity Banks against any and all liability, cost and expense which may be incurred by it by reason of taking any such action.Section 12.6 Non-Reliance on Other Agents and Lenders.

Related to Unmatured Significant Event

  • Significant Event means any Amortization Event or Event of Default.

  • 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 Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Unmatured Default means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default.

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Book-Down Event means an event that triggers a negative adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Put Event means the occurrence of any of the following:

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

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

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Mandatory Prepayment Event has the meaning specified in Section 2.03(b)(i).

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

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Redemption Event has the meaning set forth in Section 3.4.

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

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • Reduction Event means any of the following:

  • 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.