Definition of Post-Effective Default


Post-Effective Default means any condition or event which, with notice or lapse of time, determination of materiality or any combination of the foregoing, would become a Post-Effective Event of Default.

Examples of Post-Effective Default in a sentence

No Post-Effective Event of Default or Post-Effective Default has occurred and is continuing.
The Priority Agent shall not be deemed to have knowledge or notice of the occurrence of any Post-Effective Default or Post-Effective Event of Default unless the Priority Agent has received written notice from a Priority Lender, the Company or the Owner referring to this Agreement and the Collateral Agency and Intercreditor Agreement, describing such Post-Effective Default or Post-Effective Event of Default and stating that such notice is a "notice of default".