Potential Loan Event of Default definition

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.
Potential Loan Event of Default means any event which, with the lapse of time and/or the giving of any notice and/or the making of any determination (in each case where the lapse of time and/or giving of notice and/or determination is provided for in the terms of such Loan Event of Default, and assuming no intervening remedy), will become a Loan Event of Default.
Potential Loan Event of Default means any event which would become (with the passage of time, the giving of notice, the making of any determination under the Borrower Transaction Documents or any combination thereof) a Loan Event of Default;

Examples of Potential Loan Event of Default in a sentence

  • Each Obligor expressly acknowledges that no failure or delay by a Borrower Secured Creditor in exercising any of its rights in relation to a Trigger Event, Potential Loan Event of Default, Loan Event of Default or other default as a result of the provisions of this Deed shall operate as a waiver or variation of its rights with respect thereto.

  • 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 Officer’s Certificate, setting forth the details thereof and any action with respect thereto taken or contemplated to be taken by the Issuer.

  • The Borrower Security Trustee will not itself monitor whether any such event has occurred but will (unless expressly informed to the contrary by a Borrower) rely on the investor reports and compliance certificates to determine whether a Loan Event of Default or Potential Loan Event of Default has occurred.

  • No Loan Event of Default or Potential Loan Event of Default exists or has occurred which has not been remedied or waived or otherwise ceased to be continuing.

  • If on any day a Potential Loan Event of Default, a Loan Event of Default, a Loan Payment Suspension Event, a Special Event or a Note Event of Default has occurred and is continuing (if the Springing Assignments have been imple- mented), this shall constitute a ‘‘Holding Event.’’ Collection Account Gazprom, Gazexport, the Issuer and the Trustee will, pursu- ant to the FAAFAs, instruct the Fiduciary to open a U.S. dollar-denominated Collection Account in the name of the Fiduciary with the Accounts Bank.

  • The Shareholders will also agree that the appointment of the General Manager may be terminated by the Issuer (with the consent of the Issuer Security Trustee) pursuant to the General Management Agreement upon the occurrence of a Loan Event of Default or a Potential Loan Event of Default and that the Issuer (with the consent of the Issuer Security Trustee) may appoint a new general manager in respect of the Borrower.

  • The ability of the Issuer and Issuer Security Trustee to take control of the Borrower upon a Loan Event of Default or Potential Loan Event of Default means that the Issuer and Issuer Security Trustee will have the ability to exercise control over the Borrower and to provide for the Borrower to enter into such documents and undertake such obligations as the Issuer and the Issuer Security Trustee require.

  • Promptly upon becoming aware of any Potential Amortization Event, Potential Loan Event of Default, Loan Event of Default or Amortization Event, NFC shall give the Liquidity Agent, the Dealers and each Rating Agency notice thereof, together with a certificate of the President, vice President or the principal financial officer of NFC setting forth the details thereof and any action with respect thereto taken or contemplated to be taken by NFC.

  • The General Management Agreement will provide that upon the occurrence of a Loan Event of Default or a Potential Loan Event of Default the Issuer (with the consent of the Issuer Security Trustee) will have the ability to terminate the appointment of general manager in respect of the Borrower (the General Manager) and appoint a new general manager in respect of the Borrower and to terminate the appointment of the directors of the Borrower and appoint new directors.

  • Pursuant to the General Management Agreement, the Issuer and the Issuer Security Trustee will have the ability, upon the occurrence of a Loan Event of Default or Potential Loan Event of Default to terminate the appointment of the directors and the general manager of the Borrower and to appoint such directors and general manager as the Issuer and Issuer Security Trustee directs or sees fit.


More Definitions of Potential Loan Event of Default

Potential Loan Event of Default means any condition, event or act which, with the giving of notice and/or the lapse of time and/or the issue of a certificate, would constitute a Loan Event of Default.
Potential Loan Event of Default means an event which, with the giving of notice, the passage of time or both, would constitute a Loan Event of Default.

Related to Potential Loan Event of Default

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • 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.

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

  • Potential Issuer 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 Issuer Event of Default;

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Owner Event of Default has the meaning set forth in Section 20.3.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Event of Default has the meaning specified in Section 8.01.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Issuer Event of Default means the occurrence of any of the following events:

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

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

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.