Potential Events of Default Sample Clauses

Potential Events of Default. Section 2(a)(iii) is amended by the deletion of the words “or Potential Event of Default”.
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Potential Events of Default. In consideration of the foregoing waiver, the Borrower hereby agrees that concurrently with its execution hereof, the Borrower will repay the outstanding Revolving Loans, together with accrued and unpaid interest thereon and all amounts owing in connection therewith pursuant to Section 2.09(d) of the Credit Agreement, in an amount sufficient to reduce the aggregate Revolving Credit Exposures (other than the LC Exposures) to zero.
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Potential Events of Default. Section 2(a)(iii) is amended by the deletion of the words "or Potential Event of Default".
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Potential Events of Default. Notwithstanding any other terms of the XxX, no Utilisation may be made without Lombard’s prior written consent for so long as there exists a Default.
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Potential Events of Default. For the purposes of this Agreement, each of the following shall constitute a Potential Event of Default provided the same would have a Material Adverse Effect;
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Potential Events of Default. The Borrower has informed the Administrative Agent and the Lenders that certain Events of Default may occur as a result of: (a) the Borrower’s failure to comply with the Consolidated Leverage Ratio set forth in Section 7.11(a) of the Credit Agreement for the Fiscal Quarter ended on or about March 31, 2020; (b) the Borrower’s failure to comply with the Consolidated Pre-Distribution Fixed Charge Coverage Ratio set forth in Section 7.11(b) of the Credit Agreement for the Fiscal Quarter ended on or about March 31, 2020; and (c) the Borrower’s failure to comply with the Consolidated Post-Distribution Fixed Charge Coverage Ratio set forth in Section 7.11(c) of the Credit Agreement for the Fiscal Quarter ended on or about March 31, 2020 (collectively, the “Potential Events of Default”).
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Potential Events of Default. (1) Defaults and Events of Default arising under Section 7.01(d) of the Credit Agreement as a result of the Borrower’s potential failure to comply with the financial covenants set forth in Section 6.10(a) and/or Section 6.10(b) of the Credit Agreement for the fiscal quarter ending March 31, 2020.
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Potential Events of Default. Notwithstanding any other terms of the Lombard UK Agreements, Lombard may in its absolute discretion refuse to permit any drawing on the Lombard UK Facility for so long as there exists a Potential Event of Default.
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Related to Potential Events of Default

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • No Events of Default No Event of Default has occurred and is continuing nor has any event occurred which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

  • Events of Default If any of the following events (“Events of Default”) shall occur:

  • Events of Default and Termination Events (i) The following provisions of Section 5 will not apply to either Party A or Party B: Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v) Section 5(a)(vi) Section 5(b)(iii) Section 5(b)(iv)

  • Lease Events of Default If any one (1) or more of the following events (each a "Lease Event of Default") shall occur:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

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