Potential Termination Event definition

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.

Potential Termination Event means any Termination Event or any event or condition that with the lapse of time or giving of notice, or both, would constitute a Termination Event.

Potential Termination Event means an event which, without remedial action and with the passage of time or the giving of notice, or both, would constitute a Termination Event.

Examples of Potential Termination Event in a sentence

• 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.

• During the continuance of a Collection Agent Default or a Termination Event or a Potential Termination Event, and at all times on and after the Termination Date, the Collection Agent shall remit daily within forty-eight hours of receipt to the Collection Account all Collections received with respect to any Receivables.

• No event has occurred and is continuing and no condition exists which constitutes a Termination Event or a Potential Termination Event.

• Upon the occurrence and during the continuance of any Termination Event or Potential Termination Event, the Administrative Agent for a Related Group shall take no action hereunder (other than ministerial actions or such actions as are specifically provided for herein) without the prior consent of the Group Majority Investors (which consent shall not be unreasonably withheld or delayed).

• If no Collection Agent Default, Termination Event or Potential Termination Event has occurred and is continuing, the Collection Agent shall remit daily within forty-eight hours of receipt to either the Concentration Account or an Intermediate Concentration Account all Collections received with respect to any Receivables in accordance with Section 5.3(h).

More Definitions of Potential Termination Event

Potential Termination Event means an event that, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

Potential Termination Event means an event which, with the passage of time or notice or both, would constitute an Event of Termination.

Potential Termination Event means an event which, with the passage --------------------------- of time or the giving of notice, or both, would constitute a Termination Event.

Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

Potential Termination Event means an event or circumstance which would, with the expiry of any permitted grace period, the giving of any notice, the lapse of time, or a determination of the Owners (or any combination of the foregoing) be a Termination Event.

Potential Termination Event means any event or circumstance specified in Clause 54 (Termination Events) which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Transaction Documents or any combination of any of the foregoing) be a Termination Event;

Potential Termination Event means an event or state of affairs which is mentioned in Clause 21.1 but which has not become a Termination Event because a period has not elapsed or a notice has not been given.