Subject Event of Default definition

Subject Event of Default means an Event of Default described in clause (a), clause (b), subclause (ii) of clause (d), clause (g) or clause (h) of Section 7.1.
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Subject Event of Default is defined in the SECOND RECITAL.
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Subject Event of Default means either (a) an uncured “Event of Default” as such term is defined in the Revolving Credit Agreement or (b) an uncured “Event of Default” as such term is defined in the Term Loan Agreement.
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Examples of Subject Event of Default in a sentence

  • Subject to the satisfaction of the conditions set forth in Section 5 below, and in reliance on the representations and warranties contained in Section 4 below, Agent and the Lenders hereby waive the Subject Event of Default.

  • Notwithstanding any provision of this Agreement, the Forbearance Period shall terminate, and nothing contained herein shall limit any rights or remedies of Lender under the Credit Agreement or any other Loan Document, upon a Default or Event of Default which is not a Subject Event of Default (each, an “Additional Default”).

  • Upon any such resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent, subject to approval by the Borrower provided that no Subject Event of Default shall exist at such time.

  • Subject to the terms and conditions set forth herein, each Lender that executes this letter hereby agrees to waive the Subject Event of Default (the “Limited Waiver”).

  • Effective as of the Effective Date (as hereinafter defined) and subject to the conditions to effectiveness set forth in Section 5 hereof, CMII hereby waives the Subject Event of Default.

  • Notwithstanding any provision of this Agreement, nothing contained herein shall limit any rights or remedies of Lender under the Credit Agreement or any other Loan Document based on any Default or Event of Default which is not a Subject Event of Default (each an “Additional Default”).

  • On the Effective Date, the Lenders hereby waive the Subject ------ Event of Default as of and for the twelve month period ended December 31, 2001 and agree not to exercise any rights or remedies solely as a result of the occurrence of the Subject Event of Default.

  • Borrowers have requested and Lender has agreed, for the period from the date hereof through the end of the Forbearance Period (as defined below), to forbear from exercising its rights and remedies under the Loan Documents with respect to the Subject Event of Default subject to the terms and conditions set forth herein.

  • In addition, the Company acknowledges that the Purchaser has incurred reasonable attorneys’ fees in connection with the Subject Event of Default and that those costs, fees, and expenses are recoverable by the Purchaser under the Purchase Agreement.

  • Effective on (and subject to the occurrence of) the Effective Date, the Subject Event of Default is waived.


More Definitions of Subject Event of Default

Subject Event of Default defined in the second recital.
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Subject Event of Default defined in the second recital. OTHER DEFINITIONS. Unless otherwise defined or the context otherwise requires, terms used herein have the meanings provided for in the Lease Agreement.
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Related to Subject 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).

  • Owner Event of Default has the meaning set forth in Section 20.3.

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

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

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

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

  • 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.

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

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

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

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

  • 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.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • 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)).

  • 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.

  • 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;

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

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

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

  • 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):

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

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

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

  • 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;

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

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