Examples of Revolving Event of Default in a sentence
No Revolving Default or Revolving Event of Default has occurred and is continuing.
Neither the Administrative Agent nor the Collateral Agent shall be deemed to have knowledge or notice of the occurrence of any Revolving Default or Revolving Event of Default hereunder unless the Administrative Agent has received notice from a Revolving Lender, TWTC or the Borrower referring to this Agreement, describing such Revolving Default or Revolving Event of Default and stating that such notice is a “notice of default”.
No Revolving Default or Revolving Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.
Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Revolving Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.
In addition, at all times while a Revolving Event of Default shall have occurred and be continuing, the highest rates set forth in each column above shall apply.
If the Company is required to provide an amount of cash collateral hereunder as a result of the occurrence of a Revolving Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Company within three Business Days after all Revolving Events of Default have been cured or waived.
In addition, at all times while a Revolving Event of Default shall have occurred and be continuing, the highest rate set forth in each column above for Revolving Loans shall apply.
EVENTS OF DEFAULT AND REMEDIES 179 8.01 Revolving Events of Default 179 8.02 Remedies Upon a Revolving Event of Default 182 8.03 Used Vehicle Events of Default 182 8.04 Remedies Upon Used Vehicle Event of Default 185 8.05 New Vehicle Events of Default 187 8.06 Remedies Upon New Vehicle Event of Default 189 8.07 Other Remedies Upon an Event of Default 191 8.08 Overdrawing of Loans 191 TABLE OF CONTENTS Section Page 8.09 Application of Funds 192 ARTICLE IX.
The parties hereto understand and agree, that notwithstanding anything to the contrary contained in any Loan Document, the failure to comply with this Section 10 shall constitute an immediate Revolving Event of Default and Term Loan B Event of Default.