Covenant Event of Default definition

Covenant Event of Default is defined in the Senior Security Instrument.

Covenant Event of Default means a Covenant Breach for which a Letter of Credit is not issued in accordance with the provisions of Paragraph 29(e).

Covenant Event of Default has the meaning set forth in the Senior Security Instrument. 83

Examples of Covenant Event of Default in a sentence

• Subordinate Lender shall have the opportunity to cure a Covenant Event of Default during such period described above so long as there is no Monetary Event of Default under the Senior Loan Documents.

• Xxxxxxxx agrees that Subordinate Xxxxxx shall have the opportunity, but not the obligation, to cure either a Monetary Event of Default or a Covenant Event of Default within 30 days following the date of such notice, or any time prior to an assignment of the Senior Security Instrument from Senior Lender to HUD, whichever date is later.

• Following a Covenant Event of Default, Lender, at Lender’s option, but so long as the Loan is insured or held by HUD, only after receipt of the prior written approval of HUD, may declare the Indebtedness to be immediately due and payable without further demand, and may invoke the power of sale and any other remedies permitted by applicable law or provided in this Security Instrument or in the Note, or seek the appointment of a receiver for the Healthcare Facility.

• Following a Covenant Event of Default, Lender, at Lender's option, but so long as the Loan is insured or held by HUD, only after receipt of the prior written approval of HUD, may declare the Indebtedness to be immediately due and payable without further demand, and may invoke the power of sale and any other remedies permitted by applicable law or provided in this Security Instrument or in the Note.

• The submission of false or incomplete information shall be a Covenant Event of Default.

• Lender shall deliver to the Principal(s) of Borrower, Notice, as provided in Section 31, within five (5) Business Days in each case where Lender has delivered Notice to Borrower of an Event of Default, in order to provide the Principal(s) an opportunity to cure either a Monetary Event of Default or a Covenant Event of Default.

• Following a Covenant Event of Default, Lender, at Lender’s option, but so long as the Loan is insured or held by HUD, only after receipt of the prior written approval of HUD, may declare the Indebtedness to be immediately due and payable without further demand, and may invoke the power of sale and any other remedies permitted by applicable law or provided in this Security Instrument or in the Note.

• If a Covenant Event of Default occurs and the Indebtedness is accelerated as set forth in the Security Instrument, the entire unpaid principal balance, any accrued interest, and all other amounts payable to Lender under this Note and any other Loan Document shall at once become due and payable.

• If a Covenant Event of Default occurs and the Indebtedness is accelerated as set forth in the Borrower’s Security Instrument, the entire unpaid principal balance, any accrued interest, and all other amounts payable to Lender under this Note and any of the other Loan Documents shall at once become due and payable.

• Xxxxxxxx agrees that Subordinate Xxxxxx shall have the opportunity, but not the obligation, to cure either a Monetary Event of Default or a Covenant Event of Default within thirty (30) days following the date of such notice, or any time prior to an assignment of the Senior Security Instrument from Senior Lender to HUD, whichever date is later.

More Definitions of Covenant Event of Default

Covenant Event of Default means, with respect to Debt Securities of a particular series, any event specified in clause (7) of Section 6.01, continued for the period of time therein designated.

Covenant Event of Default means an Event of Default under Section 8.1 other than an Event of Default arising under any of Sections 8.1(a), 8.1(b), 8.1(e), 8.1(g), 8.1(h), 8.1(j) or 8.1(k), or under Section 8.1(d) to the extent the same relates to a failure by SAI or any Subsidiary to comply in all material respects with a Non-Waiveable Covenant.

Covenant Event of Default means, with respect to Debt Securities of a particular series, any event specified in clause (7) of Section 6.01,

Covenant Event of Default means a default in the performance, or breach, of any covenant or warranty of the Trustees in this Amended and Restated Declaration of Trust (other than a covenant or warranty a default in whose performance or breach is dealt with in clause (ii) or (iii) of the definition of Acceleration Event of Default) and continuation of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Property Trustee by the Holders of at least 10% in Liquidation Amount of the Outstanding Preferred Securities, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a "Notice of Default" hereunder.

Covenant Event of Default means, with respect to an APAC Debtor, a failure for ten (10) or more calendar days after receipt by such APAC Debtor of written notice given by NNL or NNI to comply with its agreements set forth in Sections 10 and 11L

Covenant Event of Default has the meaning specified in Section 8.01(b). “Credit Extension” means a Borrowing.