Definition of Possible Default

  1. Possible Default means any event or condition which, with notice or lapse of time or both, would constitute an Event of Default referred to in Section 10 hereof. -4-

Examples of Possible Default in a sentence

  1. After giving effect to this First Amendment, no event has occurred and no condition exists which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default or Possible Default.

Definition of Possible Default in Amended and Restated Credit Agreement

Possible Default means any event, act or condition which with notice or lapse of time, or both, would constitute an Event of Default.


Definition of Possible Default in Amended and Restated Guaranty

Possible Default means any event or condition which, with notice or lapse of time or both, would constitute an Event of Default referred to in Section 10 hereof. -4-