Financing Event of Default definition

Financing Event of Default means occurrence of a material breach of the terms and conditions of the Financing Documents or a continuous default in Debt Service by the Concessionaire for a minimum period of 3 (three) months;
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Financing Event of Default means an "Event of Default" under any Financing Document.
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Financing Event of Default means occurrence of any of the following events:
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Examples of Financing Event of Default in a sentence

  • The Permitted Second Lien Financing Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Permitted Second Lien Financing Event of Default.

  • The Parties hereby agree that in the event of a Financing Event of Default as notified by the Lender’s Representative, the Lenders shall have the right (subject to Financing Documents) to substitute the Concessionaire under this Agreement (in accordance with the Substitution Agreement) with any Person or Entity (the “ Lenders’ Nominee”), in accordance with the Substitution Agreement.

  • The Parties hereby agree that in the event of a Financing Event of Default as notified by the Lender’s Representative, the Lenders shall have the right (subject to Financing Documents) to substitute the TMC under this Agreement (in accordance with the Substitution Agreement) with any Person or Entity (the “ Lenders’ Nominee”), in accordance with the Substitution Agreement.

  • Common Senior Secured Event of Defaultmeans an opposite of Default under the community Senior Facilities Finance Documents or an Additional Senior Secured Financing Event of Default.

  • Upon the occurrence of a Financing Event of Default, Fairfax and FCA may invoke the condition contained in Section 1(e)(iii) and shall be entitled to liquidated damages from NCO in the amount of Two Million Dollars ($2,000,000 (Cdn.)), but without any other recourse to or liability on the part of NCO.


More Definitions of Financing Event of Default

Financing Event of Default has the meaning assigned to such term in Section 5.5(b).
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Related to Financing Event of Default

  • 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).

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

  • 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.

  • 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)).

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

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

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

  • 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.

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

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

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

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

  • 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):

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

  • 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:

  • 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.

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

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

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

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

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

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • 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;

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

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

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