Event of definition

Event of. Default As defined in Section 7.01.
Event of. Loss shall mean any of the following events: (a) a Final Shutdown, (b) a Requisition of Title, (c) a Requisition of Use or (d) a failure by the Lessee to satisfy any of its obligations under Sections 5.01, 5.02, 5.03 or 5.04 of the Assignment and Assumption Agreement within the time periods prescribed therein. Excepted Payments shall mean (i) all indemnity payments (including, without limitation, payments under the Tax Indemnification Agreement) to which the Owner Trustee or the Owner Participant, or any of their respective Affiliates (or the respective successors, assigns, agents, officers, directors or employees of the Owner Trustee (in their individual capacities or otherwise), the Owner Participant, or any of their respective Affiliates), is entitled, (ii) any amounts payable under any Transaction Document to reimburse the Lessor or the Owner Participant, or any of their respective Affiliates (including the reasonable expenses of the Lessor or the Owner Participant incurred in connection with any such payment), for performing or complying with any of the obligations of the Lessee under and as permitted by any Transaction Document, (iii) any amount payable to or upon the order of the Owner Participant or the Original Owner Participant as the purchase price of the Owner Participant’s or the Original Owner Participant’s interest in the Trust Estate, (iv) any insurance proceeds or other payments received from any Governmental Authority or other Person (except the Lessee) with respect to an Event of Loss in excess of amounts then due and owing to reimburse the Indenture Trustee for any Trustee’s Expenses and to pay the reasonable remuneration of the Indenture Trustee plus amounts then due and owing in respect of the principal of, and premium, if any, and interest on all Notes Outstanding, (v) any insurance proceeds (or payments with respect to risks self-insured) under liability policies and any insurance proceeds in respect of insurance maintained pursuant to Section 10(b) of the Facility Lease, (vi) all payments of Secured Obligations by the Lessee, (vii) if the Letter of Credit has been terminated or has expired, the portion, if any, of Casualty Value or Special Casualty Value as of any date (before taking into account the effect of Section 3(i) of the Facility Lease) equal to the amount by which Net Casualty Value as of such date exceeds the sum of all amounts drawn under the Letter of Credit and not reinstated and (viii) any payments in respect of inte...

Examples of Event of in a sentence

  • No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.

  • Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

  • A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.

  • No such rescission or annulment shall affect any subsequent Event of Default or impair any right consequent thereon.

  • A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.


More Definitions of Event of

Event of. Option shall mean the occurrence of one or more of the following events:
Event of. Abandonment shall mean (a) the written announcement by Borrower of a decision to abandon or indefinitely defer, or the abandonment of, the construction or completion or operation of all or any material part of the Storage Improvements for any reason, or (b) the total suspension for more than 30 consecutive days or abandonment of the construction of the Storage Improvements. Event of Default shall have the meaning assigned to it in Section 7.0.
Event of. Loss With Respect to Aircraft 18 9.2 Event of Loss With Respect to an Engine 19 9.3 Application of Payments 21 9.4 Application of Payments During Existence of Default 21 SECTION 10 INSURANCE 21 10.1 Lessee's Obligation to Insure 21 10.2 Lessor's Right to Maintain Insurance 22 10.3 Insurance for Own Account 22 10.4 Application of Insurance Proceeds 22 10.5 Application of Payments During Existence of Default 22 SECTION 11. INSPECTION 22 SECTION 12. ASSIGNMENT; MERGER 23 12.1 In General 23 12.2 Merger of Lessee 25 12.3 Covenants of Lessee 26 SECTION 13. EVENTS OF DEFAULT 27 13.1 Payments 27 13.2 Insurance 27 13.3 Corporate Existence 28 13.4 Certain Covenants 28 13.5 Other Covenants 28 13.6 Representations and Warranties 28 13.7 Bankruptcy and Insolvency 28 13.8 Other Agreements with Lessor 29 13.9 Deregistration 29 13.10 Transfer 29 13.11 Judgments 29 13.12 Materially Adverse Effect 29 13.13 Indebtedness 29 13.14 Operative Agreements 30 13.15 Security Deposit 30 SECTION 14. REMEDIES AND WAIVERS 30 14.1 Remedies 30 14.2 Right to Perform for Lessee 33 14.3 Determination of Fair Market Rental Value 33 14.4 Lessor Appointed Attorney-in-Fact 33 14.5 Remedies Cumulative 34 SECTION 15. LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. 34
Event of. Default shall mean any of the events specified in Section 7.1 of this Amended and Restated Agreement, and Default shall mean any event, which together with any lapse of time or giving of any notice, or both, would constitute an Event of Default.
Event of. DEFAULT shall mean any of the events described in Section 8.1 and referred to therein as an "Event of Default." EXCLUDED SUBSIDIARIES shall mean, collectively, AWAC, Arch Western and the Subsidiaries of Arch Western.
Event of. Default" see Section 6.01.