Incipient Event of Termination definition

Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

Incipient Event of Termination means any event which, with the giving of notice or lapse of time or both, would constitute an Event of Termination.

Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination; provided, however, that an Incipient Event of Termination shall not become an Event of Termination until the grace period applicable thereto, if any, shall have passed.

Examples of Incipient Event of Termination in a sentence

• Make any Restricted Junior Payment; provided that prior to the Termination Date, the Borrower may make Restricted Junior Payments out of Collections released pursuant to Section 2.06(b)(viii) hereof and the proceeds of the Loans so long as (i) no Event of Termination or Incipient Event of Termination shall then exist or would result therefrom and (ii) such Restricted Junior Payments have been approved by all necessary action on the part of the Borrower and in compliance with all applicable laws.

• The Investor Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group (subject to the other provisions of this Article IX), but until such Investor Agent receives such directions, such Investor Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor Agent deems advisable and in the best interests of the Investors and Banks in its Group.

• The Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investor Agents (subject to the other provisions of this Article VIII), but until the Program Agent receives such directions, the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Program Agent deems advisable and in the best interests of the Investors and Banks.

• In the case of the Borrower, no event has occurred and is continuing and no condition exists, or would result from such Borrowing or Release which constitutes an Incipient Event of Termination or Event of Termination.

• Make any Restricted Junior Payment; provided, that prior to the Termination Date, the Borrower may make Restricted Junior Payments so long as (i) no Event of Termination or Incipient Event of Termination shall then exist or would result therefrom and (ii) such Restricted Junior Payments have been approved by all necessary action on the part of the Borrower and in compliance with all applicable laws.

More Definitions of Incipient Event of Termination

Incipient Event of Termination or "Facility Termination Date" under the Transfer Agreement;

Incipient Event of Termination means an event that but for the giving of notice or the lapse of time, or both, would constitute an Event of Termination.

Incipient Event of Termination means an event which would constitute an Event of Termination but for the requirement that notice be given or time elapse or both.

Incipient Event of Termination has the meaning specified in the Purchase Agreement and the Purchase and Contribution Agreement.

Incipient Event of Termination or "Facility Termination Date" (each as defined in and under any Purchase Agreement);

Incipient Event of Termination set forth in Exhibit I to the Receivables Purchase Agreement is hereby amended by deleting the phrases “the Purchase Agreement and” where it appears therein.

Incipient Event of Termination or "Facility Termination Date" under the IKON Loan Agreement;