Originator Event of Default definition

Originator Event of Default means the events indicated pursuant to Condition 12.1 (Originator Events of Default);
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Originator Event of Default means each of the following events:
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Examples of Originator Event of Default in a sentence

  • Such Early Amortisation Event would occur if, inter alia, (i) an Originator Event of Default or (ii) an Issuer Event of Default or (iii) a Servicer Termination Event has occurred.

  • Upon the Rose Notes having become due and payable in the terms set forth in this Condition 13 (Acceleration following the occurrence of an Originator Event of Default), the Intercreditor Agent will be able to exercise in its name, on its behalf and for its benefit, all rights and benefits which the Rose Notes Issuer has under the Rose Revenues Sale Agreement and the Rose Revenues Servicing Agreement.

  • The Articles with the following titles shall survive termination of this Contract: Taxes, Intellectual Property, General Indemnity, Limitation of Liability, Proprietary Information and Miscellaneous Provisions.

  • The parties hereto acknowledge and agree that: 19.1 Enforcement Notices The Rose Common Representative will not send any Enforcement Notice in case an Originator Event of Default occurs, as in such case, any notice shall be sent by the Intercreditor Agent in the terms set forth in Condition 13 (Acceleration following the occurrence of an Originator Event of Default).

  • The occurrence of an Originator Event of Default shall constitute serious cause (wichtiger Grund) for the Issuer to terminate the Receivables Purchase Agreement.

  • The Transaction Manager shall not be bound to enquire as to the occurrence of an Originator Event of Default or Rose Notes Issuer Event of Default or the performance by any other party to any of the documents that form part of the Rose Notes Documentation of their obligations thereunder.

  • The occurrence and cessation of an Originator Event of Default and the procedures applicable following the occurrence of an Originator Event of Default are governed by the applicable provisions of the Common Terms Agreement, as amended or waived from time to time.

  • Notwithstanding that the Rose Common Representative, the Rose Notes Issuer or the Rose Paying Agent is required to make a Tax Deduction in accordance with Condition 11.1 (Payments free of Tax) this shall neither constitute an Originator Event of Default nor a Rose Notes Issuer Event of Default.

  • If the Rose Notes Issuer or, after the occurrence of an Originator Event of Default or a Rose Notes Issuer Event of Default, the Rose Common Representative fails, within a reasonable period, to appoint a Successor Transaction Manager the Transaction Manager may do so.

  • General administration obligations 1.1 Transaction Manager’s general obligations The parties hereto concur in the appointment of the Transaction Manager to act as agent of the Rose Notes Issuer and, after the occurrence of a Potential Rose Notes Issuer Event of Default, an Originator Event of Default or a Rose Notes Issuer Event of Default, the Rose Common Representative in administering the Rose Notes Issuer Account in accordance with the terms of this Agreement.

Related to Originator Event of Default

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

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

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

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

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

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

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

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

  • 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.

  • 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).

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

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

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

  • 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:

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

  • 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.

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

  • 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):

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

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

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

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

  • 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)).

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

  • 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;

  • 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.