Unmatured Termination Event definition
Examples of Unmatured Termination Event in a sentence
Furthermore, the SPEs shall not pay, make or declare: (A) any dividend if, after giving effect thereto, the Tangible Net Worth of the SPEs would be less than the Required Capital Amount, or (B) any Restricted Payment (including any dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event shall have occurred and be continuing.
A statement of the chief financial officer or chief accounting officer of each SPE setting forth details of any Termination Event or Unmatured Termination Event and the action which the SPEs propose to take with respect thereto.
Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Termination Event or Unmatured Termination Event, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Termination Event or Unmatured Termination Event at the time.
Neither any Purchaser Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination Event or Unmatured Termination Event unless such Administrator has received notice from any Purchaser, Purchaser Agent, any Servicer or any SPE stating that a Termination Event or an Unmatured Termination Event has occurred hereunder and describing such Termination Event or Unmatured Termination Event.
A statement of the chief financial officer or chief accounting officer of such Servicer setting forth details of any Termination Event or Unmatured Termination Event and the action which such Servicer proposes to take with respect thereto.