Definition of Potential Amortization Event

  1. Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

Examples of Potential Amortization Event in a sentence

  1. The occurrence of each Amortization Event and each Potential Amortization Event, by a statement of an Authorized Officer of such Seller Party.
  2. Compliance with Laws and Agreements; No Potential Amortization Event.
  3. No Amortization Event, Potential Amortization Event or AESOP I Operating Lease Vehicle Deficiency.

Definition of Potential Amortization Event in Indenture and Servicing Agreement

Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.


Definition of Potential Amortization Event in Receivables Purchase Agreement

Potential Amortization Event means, (i) an event set forth in Section 6.1 of the Management Agreement which, but for the lapse of time, would constitute a Manager Termination Event, (ii) an event set forth in Section 6.1 of the Servicing Agreement which, but for the lapse of time, would constitute a Servicer Event of Default, (iii) an event set forth in Section 9.1 of the Indenture occurs which, but for the lapse of time, would constitute an Event of Default, or (iv) as of a given date of determination, the Issuer has knowledge of an event or circumstance that would be reasonably expected to result within one month from such date of determination in one of the following events:


Definition of Potential Amortization Event in Indenture

Potential Amortization Event means an event which, but for the lapse of time or the giving of notice or both, would constitute an Amortization Event.