Credit Facility Event of Default definition

Credit Facility Event of Default means an “Event of Default” as defined in the Credit Agreement.
Credit Facility Event of Default has the meaning given to such term in the Initial Credit Facility.
Credit Facility Event of Default has the meaning specified in Section 8.03.

Examples of Credit Facility Event of Default in a sentence

  • The Administrative Agent covenants and agrees to give the FF&E Agent prompt written notice of (x) any Senior Credit Facility Event of Default, (y) any act or condition which, in the Administrative Agent's reasonable judgment could reasonably be expected to have a "MATERIAL ADVERSE EFFECT" (as such term is defined under the Senior Credit Agreement) and (y) the taking of any action described in Section 3.3 of this Agreement but only if such action is taken pursuant to a written notice or written Instrument.

  • Any modification or amendment of the Facilities Agreement or the Operative Documents which violates any material term or provision of the Senior Credit Agreement, the other Loan Documents or this Agreement or the termination or surrender of the Facilities Agreement or the Operative Documents without the prior written consent of the Administrative Agent shall constitute a Senior Credit Facility Event of Default.

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  • In the event that a Voided Payment is recovered from the Credit Facility Agent or any Credit Facility Secured Party, an Credit Facility Event of Default shall be deemed to have existed and to be continuing under the Credit Facility Loan Agreement from the date of the Credit Facility Agent’s or such Credit Facility Secured Party’s initial receipt of such Voided Payment until the full amount of such Voided Payment is restored to the Credit Facility Agent or such Credit Facility Secured Party.

  • The parties hereto agree that Section 1.2 of the Secured Loan Agreement is hereby amended to delete the definition of "Credit Facility Event of Default" and to include the following definitions: "Loan and Security Agreement Event of Default" an Event of Default under the Loan and Security Agreement, to be dated on or about May 12, 2004 (the "Loan and Security Agreement"), by and among Evergreen International Aviation, Inc.

  • The Security Trustee shall have the right, upon the occurrence and continuance of an Indenture Event of Default (if any Notes are outstanding) or a Credit Facility Event of Default (if any Loans are outstanding) and without notice to any Grantor, to transfer to or to register in the name of the Security Trustee or any of its nominees any or all of the Pledged Stock, Pledged Membership Interests and Pledged Beneficial Interests, subject only to the revocable rights specified in Section 2.12(a).

  • For the avoidance of doubt, whether or not any New Tranche A DIP Credit Facility Event of Default (defined below) or New Tranche A DIP Notes Facility Event of Default (defined below) has occurred, the DIP Liens shall attach to all proceeds of DIP Collateral (defined below).

  • For the avoidance of doubt, whether or not any DIP Credit Facility Event of Default (defined below) or DIP Notes Facility Event of Default (defined below) has occurred, the DIP Liens shall attach to all proceeds of DIP Collateral (defined below).


More Definitions of Credit Facility Event of Default

Credit Facility Event of Default means the occurrence of existence of any event of condition described in Section 10.1 of the Credit Facility Loan Agreement or any other “Event of Default” (howsoever defined) under any Credit Facility Document.
Credit Facility Event of Default means an “Event of Default“ as defined under any Credit Facility Documents. “Credit Facility Lenders“ means:
Credit Facility Event of Default an Event of Default under the Credit, Guaranty and Security Agreement, to be dated on or about May 16, 2003, by and among Evergreen International Aviation, Inc. ("Aviation") and the various Subsidiaries (direct and indirect) of Aviation whose names appear on the signature pages thereto, the financial institutions which are now or which thereafter become a party thereto ("Lenders") and PNC Bank, N.A., as agent for Lenders (as such event of default is defined therein).
Credit Facility Event of Default means an "event of default" under Section 10.1 of the Credit Facility Agreement.

Related to Credit Facility Event of Default

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Owner Event of Default has the meaning set forth in Section 20.3.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Event of Default has the meaning specified in Section 8.01.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Default Under First Lien With respect to each Second Lien Loan, the related First Lien Loan related thereto is in full force and effect, and there is no default, breach, violation or event which would permit acceleration existing under such first Mortgage or Mortgage Note, and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would permit acceleration thereunder;

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.