Event of Default means any event or circumstance specified as such in Article 7. 1.12 “Facility” has the meaning set forth in Article 2.1. 1.13 “Final Repayment Date” means the date on which the Maturity Period expires.
Examples of Event of Default in a sentence
KfW may exercise the rights set forth under Article 11.2 (Legal consequences of an Event of Default) if an event occurs which constitutes a material reason.
Each of the events or circumstances set out in Clause 18 is an Event of Default (save for Clause 18.15 (Acceleration)).
Each of the events or circumstances set out in this Clause 20 is an Event of Default (save for Clause 20.16 (Acceleration)).
Consent of the Borrower to the assignment by the Lender shall not be required upon occurrence of the Potential Event of Default or Event of Default.
KfW may exercise the rights set forth under Article 12.2 (Legal consequences of an Event of Default) if an event occurs which con- stitutes a material reason (wichtiger Grund).