Unmatured Default means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default.
Unmatured Default means an event that, with the giving of notice or lapse of time, or both, would constitute an Event of Default.
Unmatured Default means an event which, but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.
Examples of Unmatured Default in a sentence
The Parent will give prompt (but in any case within ten (10) days) notice in writing to the Lenders of the occurrence of (a) any Default or Unmatured Default that is continuing and (b) subject to Section 6.1(f), any other event or development, financial or other, relating specifically to any Loan Party or any of its Subsidiaries (and not of a general economic or political nature) which would reasonably be expected to have a Material Adverse Effect.
More Definitions of Unmatured Default
Unmatured Default means an event which but for the lapse of time or the giving of notice, or both, would constitute an Event of Default
Unmatured Default means an event which, but for the lapse of time or the giving of notice, or both, would constitute a Default. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Any accounting terms used in this Agreement which are not specifically defined herein shall have the meanings customarily given them in accordance with generally accepted accounting principles in existence as of the date hereof.
Unmatured Default means any event which, but for the passage of time or notice, or both, would be a Default.
Unmatured Default means the happening of any event or occurrence which would, together with the delivery of any required notice or the passage of any required period of time, constitute an Event of Default under this Agreement or any of the other Grant Documents.
Unmatured Default means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default. “Unrestricted Cash, Cash Equivalents and Marketable Securities” means, in the aggregate, all cash, Cash Equivalents and Marketable Securities which are not pledged or otherwise restricted for the benefit of any creditor and which are owned by the Borrower or another member of the Consolidated Group, to be valued for purposes of this Agreement at 100% of its then-current book value, as determined under GAAP.
Unmatured Default. With respect to any Designated Servicing Agreement, the occurrence of any event or condition which, with notice and/or the passage of any applicable cure period, will result in a Servicer Termination Event or Subservicer Termination Event.
Unmatured Default means any event or condition that, but for the giving of any required notice by Agent and/or the passing of time, would be an Event of Default hereunder.