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 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 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;
Examples of Potential Event of Default in a sentence
We confirm that no Event of Default or Potential Event of Default has occurred or will occur as a result of the making of the Advance, we represent and warrant that the representations and warranties contained in Clause 11 of the Agreement have been complied with and would be correct in all respects if repeated today by reference to the circumstances now existing, we confirm that all the undertakings on our part contained in Clauses 12 and 13 of the Agreement have been fully performed and observed by us.
More Definitions of Potential 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 the giving of notice or the lapse of time, or both, 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 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 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 (in the case of any provision of this Agreement or any of the other Finance Documents which is made subject to the determination of the Majority Lenders) and/or the satisfaction of any other condition, would constitute an Event of Default;
Potential Event of Default means an event which, with the giving of notice and/or lapse of time and/or the forming of an opinion, would become an Event of Default.