Program Event of Default definition

Program Event of Default has the meaning set forth in Section 6.01.
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Program Event of Default shall have the meaning set forth in the Program Security Agreement.
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Program Event of Default means any event of default under the Program Documents.
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Examples of Program Event of Default in a sentence

  • No delay or omission of the Lenders or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Program Event of Default or an acquiescence therein.

  • The consent of the Agent and, so long as no Program Event of Default is pending, the Company shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof.

  • The Borrower agrees that upon the occurrence and during the continuance of any Program Event of Default or Borrower Event of Repayment, upon the request of the Agent and in exchange for this single master Note, the Borrower will execute and deliver substitute multiple notes (in substantially the form hereof) (each a "Replacement Note"), one for each Lender in the principal amount of such Lender's Pro-rata share of the Loan evidenced hereby.

  • No delay or omission of the Lenders or the Agent to exercise any right under this Note shall impair such right or be construed to be a waiver of any Program Event of Default or Borrower Event of Repayment or an acquiescence therein.

  • The Agent shall not be deemed to have knowledge or notice of the occurrence of any Program Event of Default, Unmatured Default or Borrower Event of Repayment unless the Agent has received written notice from a Lender or the Company referring to this Agreement describing such Program Event of Default, Unmatured Default or Borrower Event of Repayment and stating that such notice is a "notice of default".

  • If (i) any manager shall become insolvent or (ii) a Program Event of Default shall occur and be continuing, then the Agent and the Required Lenders, at their option, may require the Company to engage a bona-fide, independent third party management agent approved by the Agent and the Required Lenders in their sole discretion (the "New Manager") to manage the Real Property Assets.

  • A waiver of one Program Default or Program Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent Program Default or Program Event of Default by Borrower or to impair any remedy, right or power consequent thereon.

  • Provided that no Program Event of Default has occurred and is continuing, such inspections shall be made no more frequently than four (4) times in any consecutive twelve (12) month period.

  • Notwithstanding the terms of any Note, the Lenders shall not accelerate such Note except after five (5) days' notice of the applicable Borrower Event of Repayment to the Guarantors (during which time the Guarantors shall have the right to cure such Borrower Event of Repayment, if curable, and the Company shall have the right, so long as no Program Event of Default has occurred and is continuing, to execute and deliver a Novation Agreement pursuant to Section 12.02).

  • If any Program Event of Default occurs and is continuing, the Agent, at the direction or with the consent of the Required Lenders, may, by notice to the Guarantors and the Borrowers, declare the Notes, all interest thereon and all Obligations to be forthwith due and payable, whereupon the Notes, all such interest and all Obligations shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind.

Related to Program Event of Default

  • 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).

  • 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.

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

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

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

  • 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)).

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

  • 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.

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

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

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

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

  • 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.

  • 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):

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

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

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

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

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

  • 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;