Asset Event definition

Asset Event means an event by which any of the Initial Assets becomes a Defaulted Asset, or is redeemed or repaid or prepaid for any reason on or before the 10th Business Day prior to the Maturity Date.
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Asset Event means, in relation to any Asset (but excluding any Credit Support Asset), an event by which any of the Assets becomes a Defaulted Asset, or is redeemed or repaid or prepaid for any reason on or before the 10th Business Day prior to the Maturity Date.
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Asset Event means, in relation to any Asset, an event by which any of the Assets becomes a Defaulted Asset or in relation to which there is an Asset Issuer Call.
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Examples of Asset Event in a sentence

  • Seller shall promptly, and in any event not later than two (2) Business Days following receipt of notice thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default.

  • Seller shall promptly, and in any event not later than two (2) Business Days following receipt thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default.

  • Seller shall promptly, and in any event not later than three (3) Business Days following receipt thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default.

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.

  • Seller shall promptly, and in any event not later than two (2) Business Days following receipt of notice thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default or the occurrence of any default under any Purchased Asset Documents.

  • If the Plan Asset Event is a result of a breach of a representation, warranty or covenant made by one or more Benefit Plan Investors, the General Partner shall have the authority, in its sole discretion and considering the best interests of the Fund, to redeem interests in the Fund in a disproportionate manner.

  • Each Seller Counterparty shall promptly, and in any event not later than two (2) Business Days following receipt thereof, deliver to Purchaser any notice of the occurrence of any Purchased Asset Event of Default or Contributed Swingline Loan Event of Default.

  • Seller shall promptly, and in any event not later than two (2) Business Days following receipt thereof, deliver to Purchaser any notice of the occurrence of any Purchased Asset Event of Default.

  • Thereafter, the General Partner shall take reasonable steps to correct or cure the Plan Asset Event and, if the General Partner determines that it is not reasonably likely that the Fund’s Plan Asset Event can be reasonably corrected or cured, taking into account the overall interest of the Fund, the General Partner shall terminate the Fund and wind up its affairs in accordance with Article IX.

  • Seller shall promptly, and in any event not later than five (5)Business Days following receipt of notice thereof, deliver to Buyer any notice of the occurrence of any Purchased Asset Event of Default or the occurrence of any default under any Purchased Asset Documents.


More Definitions of Asset Event

Asset Event means an event by which either Asset 1 or Asset 2 becomes a Defaulted Asset, or, in the case of Asset 1 only, is redeemed or repaid or prepaid for any reason on or before the 10th Business Day prior to the Maturity Date.
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Related to Asset Event

  • Put Event means the occurrence of:

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

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

  • ▇▇▇▇ Event means if there are any Mortgaged Properties at such time, any increase, extension or renewal of any of the Commitments or Loans (but excluding (i) any continuation or conversion of borrowings, (ii) the making of any Loan or (iii) the issuance, renewal or extension of Letters of Credit).

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.