Definition of Post-Effective Default

  1. 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.

Definition of Post-Effective Default in Reimbursement Agreement

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.