Series Enhancer Default definition

Series Enhancer Default means the occurrence and continuance of any of the following events:
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Series Enhancer Default. This term shall have the meaning set forth in the Supplement for the related Series.
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Series Enhancer Default. Has the meaning set forth in the related Supplement to the ICI Indenture.
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Examples of Series Enhancer Default in a sentence

  • On any Payment Date, the sum of (i) all interest due and payable on the ICI Notes (excluding any Step Up Warehouse Interest), plus (ii) any fees or other amounts due and payable to each Series Enhancer of the ICI Notes (so long as no Series Enhancer Default has occurred and is continuing), plus (iii) any amounts due and payable by ICI on the ICI Swap, minus (iv) any amounts due and payable to ICI on the ICI Swap, minus (v) any interest due and payable on any Lessor Notes then owned by ICI.

  • All of the rights and privileges (but not duties or obligations) granted to the Series Enhancer of a Series of Notes hereunder or under any other Related Document shall vest in the Deal Agent for such Series of Notes so long as (i) such Series of Notes does not have the benefit of an Enhancement Agreement, or (ii) if such Series of Notes has the benefit of an Enhancement Agreement, a Series Enhancer Default has occurred and is continuing.

  • With respect to Series 2005-1 Notes, either (i) so long as no Series Enhancer Default has occurred and is continuing, the Series Enhancer; or (ii) if a Series Enhancer Default has occurred and is continuing, either (x) if any principal, interest or other amounts are owing to any Series 2005-1 Noteholder, the Majority of Holders of the Series 2005-1 Notes or (y) in any other case, the Series Enhancer.Default Fee.

  • The parties hereto grant to the Series Enhancer, as long as no Series Enhancer Default shall have occurred and is continuing, the right of prior approval of amendments, waivers or supplements to the Series 2005-1 Related Documents (except any Acquisition Agreement) and of the exercise of any option, vote, right, power or the like which rights are in each such instance available to the Series 2005-1 Noteholders hereunder.

  • This Agreement will inure to the benefit of and be binding upon the parties hereto, the Certificateholders, any Series Enhancer (to the extent provided in this Agreement and the related Supplement and so long as no Series Enhancer Default shall be continuing) and their respective successors and permitted assigns.

  • During the continuation of a Series Enhancer Default, all of the rights and privileges (but none of the duties or obligations) of the Series Enhancer hereunder and under the Related Documents shall vest in the Indenture Trustee (acting at the direction of the Requisite Global Majority).

  • All of the rights and privileges (but not duties or obligations) granted to the Series Enhancer of a Series of Notes hereunder or under any other Related Document shall vest in the Control Party for such Series of Notes so long as (i) such 37 Series of Notes does not have the benefit of an Enhancement Agreement, or (ii) if such Series of Notes has the benefit of an Enhancement Agreement, a Series Enhancer Default has occurred and is continuing.

  • Army contract civilian non-rated crewmembers will maintain a current annual third-class FAA medical certificate unless the contract requires the individual to complete an Army flight physical using Army Class 3 standards.

  • Each of the Issuer and the Indenture Trustee hereby grants to the Series Enhancer, as long as no Series Enhancer Default exists, the right of prior approval of amendments, waivers or supplements to the Related Documents available to Series 2005-1 Noteholders hereunder and thereunder and of the exercise of any option, vote, right, power or the like available to the Series 2005-1 Noteholders hereunder and thereunder.


More Definitions of Series Enhancer Default

Series Enhancer Default means (i) the failure of the Series Enhancer to make a payment required under the Policy in accordance with the terms thereof (and such failure continues unremedied for two Business Days), (ii) the occurrence of an Insolvency Event with respect to the Series Enhancer or (iii) the appointment of a receiver, conservator, liquidation or similar official for the Series Enhancer or its property.
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Series Enhancer Default shall have, with respect to any Series, the meaning specified in the related Supplement, if any.
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Series Enhancer Default. With respect to any Series, this term shall have the meaning set forth in the related Supplement.
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Series Enhancer Default means the occurrence and continuance beyond any applicable notice and cure period of any of the following events:
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Series Enhancer Default means, with respect to the Series 2005-1 Notes, the occurrence and continuance of any of the following events:
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Related to Series Enhancer Default

  • Servicer Default means an event specified in Section 8.01.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

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

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

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

  • Senior Default means any Default or Event of Default under the Senior Credit Agreement or any document referred to therein.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • 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.

  • Indenture Default means, with respect to any Indenture, any Event of Default (as such term is defined in such Indenture) thereunder.

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

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

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

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

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

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

  • 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.

  • NIMs Insurer Default As defined in Section 10.13.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • 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).

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

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

  • Note Insurer Default The existence and continuance of any of the following:

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Amortization Event has the meaning specified in Article IX.

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