Fixed Asset Default definition

Fixed Asset Default means an “Event of Default” or equivalent term (as defined in any of the Fixed Asset Documents).
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Fixed Asset Default means an “Event of Default” as defined in the Fixed Asset Credit Agreement or any similar event or condition set forth in any other Fixed Asset Loan Document which causes, or permits holders of the applicable Fixed Asset Obligations outstanding thereunder to cause, the Fixed Asset Obligations outstanding thereunder to become immediately due and payable.
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Fixed Asset Default means an “Event of Default” or equivalent term under any Fixed Asset Security Documents governing Fixed Asset Obligations. “Fixed Asset Documents” means, collectively, the Term Loan Documents and the Notes Documents.
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Examples of Fixed Asset Default in a sentence

  • The Fixed Asset Liens on the Revolving Priority Collateral that otherwise would have been released pursuant to the first sentence of this paragraph (c) but for the application of subclause (ii) in such sentence will be automatically, unconditionally and simultaneously released when such Fixed Asset Default and all other Fixed Asset Defaults cease to exist.

Related to Fixed Asset Default

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

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

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