Material Event of Default definition

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:

Material Event of Default means an Event of Default under the Senior Facilities Agreement in respect of clauses 26.3 (Breach of other obligations) (but only to the extent that the Senior Agent, acting on the instructions of the Majority Senior Lenders (acting reasonably), determines that the Event of Default has a Material Adverse Effect), 26.6 (Insolvency), 26.7 (Insolvency proceedings), 26.9 (Execution or distress), 26.10 (Similar events), 26.11 (Unlawfulness) or 26.18 (Acceleration Following Financial Ratio Breach) of the Senior Facilities Agreement and/or any equivalent Pari Passu Debt Event of Default and/or any equivalent Senior Secured Notes Event of Default.

Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

Examples of Material Event of Default in a sentence

• It may be that even if a Material Event of Default has occurred, it may be cured or does not negatively affect the ability of the Lending Company to comply with its obligations under the Cooperation Agreement, or there are other legitimate reasons why Mintos should not exercise the said rights, and thus none of the said rights are exercised.

• Occurrence of a Material Event of Default under the Cooperation Agreement triggers the obligation to repurchase all the Loan Receivables.

• Failure to meet this deadline is a Material Event of Default as defined in this Agreement.

• Upon any Material Event of Default and regardless of any other notices previously provided, the non-defaulting party shall send a Final Notice of Material Default to the defaulting party describing the Material Event of Default and requiring cure within thirty (30) days from the date of the mailing or delivery of the Notice.

• If any legal action is brought to enforce the cure of a Material Event of Default after applicable notice and cure, the prevailing party shall be entitled to recover its reasonable, actual, out-of-pocket attorney fees and expenses incurred in such action.

More Definitions of Material Event of Default

Material Event of Default means any Event of Default arising under Sections 8.1(a) or (b), or arising under Section 8.1(d) as a result of the Borrower failing to observe or perform any covenant or agreement contained in Articles VI or VII.

Material Event of Default means an Event of Default that materially adversely affects the health, welfare and/or safety of the tenants of the development that is continuing after the Extraordinary Additional Cure Period has passed.

Material Event of Default means an Event of Default under Section 7.01(b), (c), (h) or (i)(i), (ii), (iii) or (iv).

Material Event of Default means any Event of Default described in subsections (a), (b), (f), (h), and (i) of Section 8.1 and any Event of Default resulting from a default in the performance of Sections 6.1, 6.18, 7.2, or 7.15.

Material Event of Default means any of the following events occurring or existing at any time on or after the Effective Date: (a) any Events of Default of the kind described in any of Sections 9.1.1, 9.1.2, 9.1.5, 9.1.10 and 9.1.13 shall occur and shall be continuing for more than seven (7) days; or (b) any Events of Default of the kind described in any of Sections 9.1.6, 9.1.7, 9.1.9, 9.1.11 and 9.1.12 shall at any time occur, arise or (as the case may be) develop.

Material Event of Default means (i) an Event of Default described in clause (i), (iii), (iv), (v) and (vi) of the definition thereof or (ii) an Event of Default described in clause (ii) of the definition thereof if the effect thereof has resulted, or is reasonably likely to result, in a material adverse effect on the value or utility of the Leased Premises or on Landlord’s title in the Leased Premises or in the Basic Rent or Additional Rent, or in any material liability on the part of Landlord, or in the unavailability of any insurance coverage required under this Lease.

Material Event of Default means an Event of Default described in Xxxxxxx 00.0(x), (x)(x), (x), (x), (x), (x), (x), (x) or (m).