Definition of Potential Loan Event of Default

  1. Potential Loan Event of Default means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute a Loan Event of Default.

Examples of Potential Loan Event of Default in a sentence

  1. Promptly upon becoming aware of any Potential Amortization Event, Amortization Event, Potential Loan Event of Default, Loan Event of Default, Servicer Termination Event, Event of Default or Default under any of the Transaction Documents, the Issuer shall give the Indenture Trustee and the Rating Agencies written notice thereof, together with an Officers Certificate, setting forth the details thereof and any action with respect thereto taken or contemplated to be taken by the Issuer.

Definition of Potential Loan Event of Default in Indenture

Potential Loan Event of Default means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute a Loan Event of Default.