Potential Event of Default definition
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.
Potential Event of Default means an event or circumstance which, with the giving of any notice, the lapse of time, a determination of the Majority Lenders and/or the satisfaction of any other condition, would constitute an Event of Default;
Potential Event of Default means a condition or event which, after notice or lapse of time or both, would constitute an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period.
Examples of Potential Event of Default in a sentence
Any Syndicate Member shall not be obligated to take any measure under Clause 12.1 (Mitigation of Loss) if an Event of Default or a Potential Event of Default has occurred, or if such Syndicate Member, in its reasonable judgment, considers that taking any measure in accordance with the provisions of Clause 12.1 (Mitigation of Loss) of this Agreement would be prejudicial to its business, operations or financial condition.
More Definitions of Potential Event of Default
Potential Event of Default means an event or circumstance which could with the giving of notice, lapse of time, issue of a certificate and/or fulfilment of any other requirement provided for in Condition 9 become an Event of Default;
Potential Event of Default means an event or circumstance which, with the giving of any notice, the lapse of time, a determination of the Lender and/or the satisfaction of any other condition, would constitute an Event of Default;
Potential Event of Default means any event or circumstance specified in Clause 26 (Events of Default) which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Finance Documents or any combination of any of the foregoing) be an Event of Default.
Potential Event of Default means an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default.
Potential 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 Event of Default.
Potential Event of Default means an event or circumstance that could with the giving of notice, lapse of time and/or issue of a certificate become an Event of Default.
Potential Event of Default means an event which, with Notice or passage of time or both, would constitute an Event of Default.