Definition of Potential Termination Event


Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.
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Examples of Potential Termination Event in a sentence

No event has occurred and is continuing and no condition exists which constitutes a Termination Event or a Potential Termination Event.
No Potential Termination Event that will not be cured by this Amendment becoming effective has occurred and is continuing.
After any waiver, the Seller, the Purchasers and the Agent shall be restored to their former position and rights and any Potential Termination Event waived shall be deemed to be cured and not continuing, but no such waiver shall extend to (or impair any right consequent upon) any subsequent or other Potential Termination Event.
After giving effect to this Amendment, no event has occurred and is continuing that constitutes a Termination Event or a Potential Termination Event.
As soon as possible and in any event within two (2) days (or the next Business Day thereafter if such day is not a Business Day) after the occurrence of each Termination Event or each Potential Termination Event, a statement of the chief executive officer or the senior financial officer of the Transferor setting forth details of such Termination Event or Potential Termination Event and the action which the Transferor proposes to take with respect thereto.