Term Loan Event of Default definition

Term Loan Event of Default means an Event of Default as defined in the Term Loan Agreement.
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Term Loan Event of Default means an "Event of Default" under and as defined in the Term Loan Agreement.
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Term Loan Event of Default means, individually and collectively, a First Lien Term Loan Event of Default and an Incremental Term Loan Event of Default.
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Examples of Term Loan Event of Default in a sentence

  • A delay or omission by the Administrative Agent or the Term Lender in exercising any right or remedy accruing upon a Term Loan Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Term Loan Event of Default.

  • If the Revolving Lenders should amend or waive any provision of the Loan Documents, whether or not any Revolving Lender has knowledge that such amendment or waiver would result in a breach of any Term Loan Documents or a Term Loan Event of Default, or act, condition or event which with notice or passage of time or both would constitute a Term Loan Event of Default, in no event shall any Revolving Lender have any liability to the Term Loan Agent or any Term Loan Lender as a result of such breach.

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  • The occurrence and continuance, as applicable, of a Revolving Credit Event of Default or Term Loan Event of Default, upon the written request of the Priority Lien Agent delivered to the other Agent not less than five (5) Business Days prior to the proposed sale or disposition of any Collateral.

  • After the occurrence and during the continuance of a Term Loan Event of Default, but prior to the commencement of an Insolvency Proceeding, the written request of the Term Loan Agent delivered to the Revolving Agent requesting that the Revolving Agent release its lien on any Term Loan Primary Collateral to be sold or otherwise disposed of, such written request to be delivered to the Revolving Agent not less than five (5) days prior to the proposed sale or disposition of any Term Loan Primary Collateral.

  • Notwithstanding the foregoing, in the case of a Term Loan Event of Default as described in (h) and (i) of Section 13.1 hereof, the Term Loan will become due and payable without further action or notice.

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  • Subject to the provisions of the Revolving/Term Loan Intercreditor Agreement, if a Term Loan Event of Default occurs and is continuing, the Term Lender (or the Administrative Agent upon the direction of the Term Lender) may pursue any available remedy to collect the payment of principal, premium, if any, interest and Liquidated Damages, if any, on the Term Loan or to enforce the performance of any provision of this Agreement.

  • Subject to the provisions of Article XIV hereof, in case a Term Loan Event of Default shall occur (which shall not be cured), the Administrative Agent shall be required, in the exercise of its power, to use the degree of care of a prudent person in the conduct of its own affairs.

  • If any Term Loan Event of Default occurs and is continuing, the Term Lender may declare the Accreted Value of the Term Loan to be due and payable immediately.


More Definitions of Term Loan Event of Default

Term Loan Event of Default means any of the events or circumstances described in Section 13.1.
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Term Loan Event of Default means any "Event of Default" as defined in the Term Loan Credit Agreement.
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Term Loan Event of Default means any “Event of Default”, as defined in the Credit Agreement.
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Related to Term Loan Event of Default

  • 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.

  • 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.

  • 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).

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

  • 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.

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

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

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

  • 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)).

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

  • 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.

  • 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):

  • 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.

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

  • 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.

  • 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;

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

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

  • 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:

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

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

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

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