No Specified Event of Default Sample Clauses

No Specified Event of Default. On the Term Loan Closing Date, immediately before and after giving effect to the Transactions, there shall be no Specified Event of Default.
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No Specified Event of Default under specified has occurred and is continuing or would result from the Discounted Voluntary Prepayment.
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No Specified Event of Default. No Specified Event of Default shall exist at the date the Specified Acquisition is consummated.
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No Specified Event of Default. As of the Amendment No. 2 Effective Date, no Specified Event of Default shall have occurred and be continuing or would result from the transactions contemplated hereby.
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No Specified Event of Default. No Specified Event of Default shall have occurred and be continuing at the time of incurrence of the Incremental Term Loan Facility, or would otherwise occur immediately after giving effect to the incurrence thereof.
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No Specified Event of Default. On the Closing Date, immediately before and after giving effect to the Transactions, there shall be no Specified Event of Default.
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No Specified Event of Default. On and as of the Closing Date, after giving effect to the Transactions, no Event of Default has occurred pursuant to Section 9.1(a) as a result of a nonpayment of invoiced fees that are due and payable on or prior to the Closing Date or Section 9.1(e) with respect to the Borrower.
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Related to No Specified Event of Default

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

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