Potential Event of Default Sample Clauses

Potential Event of Default. Subject to Section 2(a)(iii) of the Agreement, if an Event of Default or Potential Event of Default has occurred and is continuing, and an Early Termination Date has not been designated by the Non-defaulting Party, the Non-defaulting Party may, by written notice, specify that any or all Currency Options being settled while such Event of Default or Potential Event of Default is continuing shall be settled in accordance with Article 3, Section 3.7 of the FX Definitions and upon such notice becoming effective, the parties shall be deemed to have elected to have the specified Currency Options settle at the In-the-Money Amount unless and until the Event of Default or Potential Event of Default is no longer continuing.
Potential Event of Default. A condition or event which, after notice or lapse of time or both, will constitute an Event of Default. Exhibit 10.1
Potential Event of Default. The Borrower will promptly notify the Lender of the occurrence of an Event of Default or a Potential Event of Default, and provide the Lender with full details of any steps which it is taking, or is considering taking, in order to remedy or mitigate the effect of the Event of Default, without limiting the provisions of Section 7 hereof.
Potential Event of Default. The term "Potential Event of Default" shall mean the occurrence of any breach of or failure to perform in accordance with any of the covenants set forth in this Agreement which, if not timely cured by Debtor within the specified cure or grace periods, would become an Event of Default. 1.25
Potential Event of Default. The Agent shall use reasonable endeavours to provide that notice before enforcing its rights in connection with that Event of Default or Potential Event of Default under any Transaction Document.
Potential Event of Default. The references to "Potential Event of Default" in Sections 2(a)(iii) and 3(b) of this Agreement shall be disregarded.
Potential Event of Default. An event which, but for the passage of time or the giving of notice or both, would constitute an Event of Default.
Potential Event of Default. If an Event of Default or a Potential Event of Default has occurred and is continuing and an Early Termination Date has not been designated by the Non-defaulting Party, the Non-defaulting Party may, by written notice, specify that any or all Deliverable Currency Option Transactions being settled while such an Event of Default or Potential Event of Default is continuing shall be settled as Non-Deliverable Currency Option Transaction in accordance with Section 3.7(b) unless and until the Event of Default or Potential Event of Default is no longer continuing."
Potential Event of Default. The term "Potential Event of Default" shall mean the occurrence of any event or the existence of any condition set forth in Section 7.1 hereof that with the lapse of time of any applicable grace period or the giving of notice, or both, would become an Event of Default.