Waterfall Event definition

Waterfall Event means the occurrence of (a) failure by Borrowers to repay all of the Obligations as of the end of the Term or after the Obligations have been accelerated, or (b) an Event of Default and the election by the Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 11.2(b).
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Waterfall Event means the occurrence of any of the following: (i) an Event of Default under clauses (vii) or (viii) of Section 9.1; (ii) an Event of Default under clause (ii) of Section 9.1 as a result of the failure to pay in full all of the monetary Obligations on the Maturity Date; or (iii) any Event of Default under Section 9.1 and the election by Agent and the Required Lenders to declare the Obligations to be due and payable prior to their schedules maturity date or to terminate the Revolving Loan Commitment pursuant to Section 8.2.
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Waterfall Event means the occurrence of any of the following: (i) an Event of Default under Section 7.1(f) or 7.1(g); (ii) the election by the Agent, or at the request of the Required Lenders, to terminate the Term Loan Commitment of any Lender or to declare all or any portion of the Obligations to be immediately due and payable, in each case, pursuant to Section 7.2, or (iii) an Event of Default under Section 7.1(a) as a result of the failure by Borrower to pay in full all Obligations (other than contingent indemnification obligations to the extent no claim giving rise thereto has been asserted) on the Maturity Date.
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Examples of Waterfall Event in a sentence

  • No Adverse Waterfall Event shall have occurred at any time during the preceding six months with respect to any Asset Pool owned by the Subject Portfolio Entity.

  • Notwithstanding the following, during a Waterfall Event, the order of application to the Obligations shall be made pursuant to Section 11.2 rather than as is provided in this Section 2.13.

  • In the event you chose to retire five or more years after the Effective Date of the Award and prior to a Waterfall Event, you will be entitled to “put” your vested Profits Interest to the Company within 120 days of your retirement at a valuation to be determined in accordance with the process set forth in Section 2(b) of the Profits Interest Award Agreement.

  • Notwithstanding the following, during a Waterfall Event, the order of application to the Obligations shall be made pursuant to Section 11.02(b) rather than as is provided in this Section 2.07.

  • No Adverse Waterfall Event shall have occurred for six months with respect to any Asset Pool owned by the Subject PFAL Entity.

  • Notwithstanding the following, during a Waterfall Event, the order of application to the Obligations shall be made pursuant to Section 11.2 rather than as is provided in this Section 2.14.

  • Notwithstanding the following, (i) during a Waterfall Event, the order of application to the Obligations shall be made pursuant to Section 11.02(b) rather than as is provided in this Section 2.07, and (ii) in the event of a prepayment pursuant to Section 2.07(f), the net cash proceeds received from such Rights Offering shall be applied solely to the outstanding principal amount of the November 2018 Bridge Term Loan.

Related to Waterfall Event

  • Call Event means Share Call Event. "Change in Law" means that due to

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.