Unmatured Default definition
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 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
Examples of Unmatured Default in a sentence
The Borrower will give notice in writing to the Lenders of the occurrence of any Default or Unmatured Default promptly after any Authorized Officer of the Borrower obtains knowledge thereof.
No delay or omission of the Lenders or Agents to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Loan notwithstanding the existence of a Default or Unmatured Default or the inability of the Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence.
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 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 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 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 Agreement Accounting Principles.
Unmatured Default means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default. “Unused Commitment Fee” is defined in Section 2.10(a).
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 any event or condition which, with the passage of time or the giving of notice or both, would constitute an Event of Default hereunder.
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.