New Event of Default definition

New Event of Default shall have the meaning set forth in Section IX hereof.
Sample 1
New Event of Default shall occur herein if any one or more of the following events occur:
Sample 1
New Event of Default means any “Event of Default” under Sections 8.1(a) (payment default), 8.1(b) (representations), 8.1(f) (cross-default) (so long as any notice or grace period relating to any applicable “Material Indebtedness” or “Material Rental Obligation” has expired, and provided that in no event shall any “Event of Default” arising from or relating to any breach or violation of the Indentures constitute a “New Event of Default”), 8.1(j) (certain judgments), 8.1(k) (certain ERISA events), 8.1(l) (change of control), 8.1(m) (validity of Liens of Credit Agreement Lenders), 8.1(n) (certain uninsured losses) and/or 8.1(o) (challenge to Credit Agreement or related loan documents by Guarantors) of the Credit Agreement, except that “New Event of Default”: shall not include any Event of Default that is the subject of a Specified Forbearance Item.
Sample 1

Examples of New Event of Default in a sentence

  • Interest on the outstanding principal balance hereof shall accrue at a per annum rate of 6.00%; provided, however, that upon the occurrence and during the continuation of a New Event of Default, interest on the outstanding principal balance hereof shall accrue at a per annum rate of 9.00%.

  • Consummation of the Plan Would Create a New Event of Default Under the CCO Credit Facility Because a “Group,” Other Than the Paul Allen Group, Would Have the Power to Vote More Than 35% of the Ordinary Voting Power.

  • If a New Event of Default should occur, each Purchaser’s agreement hereunder to forbear from exercising its remedies, together with any and all of such Purchaser’s other forbearances contained herein, shall immediately terminate without further notice (whether any such New Event of Default shall occur under such Purchaser’s Purchase Documents or any other Purchaser’s Purchase Documents).

  • Interest on the Past Due Purchase Obligations shall accrue at a per annum rate of 6.00%; provided, however, that upon the occurrence and during the continuation of a New Event of Default, interest on the Past Due Purchase Obligations shall accrue at a per annum rate of 9.00%.

  • In the event of a New Event of Default, the Banks reserve the right at any time for the Required Banks to direct the Agent to terminate the Commitments and/or declare the Term Notes and all other amounts payable under the Credit Agreement and the other Loan Documents to be immediately due and payable pursuant to Section 6.01 of the Credit Agreement as a result of such New Event of Default.

  • In the event of a New Event of Default, the Banks reserve the right at any time for the Required Banks to direct the Agent to terminate the Commitments and/or declare the Notes and all other amounts payable under the Credit Agreement and the other Loan Documents to be immediately due and payable pursuant to Section 6.01 of the Credit Agreement as a result of such New Event of Default.


More Definitions of New Event of Default

New Event of Default shall not include any Event of Default that is the subject of a Specified Forbearance Item.
Sample 1

Related to New 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).

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

  • 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)).

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

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

  • 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.

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

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

  • 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).

  • 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.

  • 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):

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

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

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

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • 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;

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

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

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

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.

  • Servicer Event of Default wherever used herein, means any one of the following events:

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