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 which, with notice or passage 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;

Examples of Potential Event of Default in a sentence

• No waiver by a Party of any right of such Party, or any duty, obligation, Potential Event of Default, Event of Default or liability of the other Party, under this Agreement shall be effective unless in writing signed by an authorized representative of the waiving Party and designated as a waiver, and any such waiver shall not be deemed a continuing waiver, except to the extent expressly set forth in such waiver.

• Notwithstanding any other provision hereof, if an Event of Default or a Potential Event of Default has occurred and is continuing, the Non-Defaulting Party, upon written notice to the Defaulting Party, has the right to suspend performance under this Agreement.

• No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.

More Definitions of Potential Event of Default

Potential Event of Default means a condition or event that, after notice or lapse of time or both, 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, issue of a certificate and/or fulfilment of any other requirement provided for in Condition 10 become 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 any event which, with the giving of notice or the passage of time, or both, 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.

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 any event which may become (with the passage of time, the giving of notice, the making of any determination hereunder or any combination thereof) an Event of Default;