Finance Event of Default definition

Finance Event of Default means any event which constitutes an “Event of Default” under the Facility Agreement.
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Finance Event of Default has the meaning given to the term ‘Event of Default’ in the Facility Agreement;
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Finance Event of Default means a non-technical and continuing default has occurred under any document in respect of any indebtedness of the Holdco Group, the acceleration or repayment of which would have a materially adverse effect on the Holdco Group;
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Examples of Finance Event of Default in a sentence

  • Any notice in writing by the Financier to the Buyer (with a copy to the Seller) that a Finance Event of Default is continuing is taken to be conclusive evidence for the purposes of this deed and the Buyer only that a Finance Event of Default is continuing.

  • No such consent will be required (including under the Funding Agreement): whilst a Finance Event of Default, Potential Finance Event of Default or a Review Event has occurred and is continuing; if an Enforcing Party has been appointed, and continues to be appointed, in accordance with the Finance Documents; and/or if an Enforcing Party has exercised, and continues to exercise, any of its Step-in Rights in accordance with this deed.

  • Finance Event of Default Any notice in writing by the Financier to the Buyer (with a copy to the Seller) that a Finance Event of Default is continuing is taken to be conclusive evidence for the purposes of this deed and the Buyer only that a Finance Event of Default is continuing.

  • The Buyer acknowledges and agrees that the Financier may, upon the occurrence of a Finance Event of Default of which the Buyer receives notice in accordance with clause 2.10 (“Finance Event of Default”), and for so long as that notice is not revoked by the Financier by notice given by it to the Buyer, directly exercise the rights, remedies and powers of the Seller under the Contract subject to clause 4.3(d) (“Buyer consents, acknowledgments and confirmations”).

  • For Customers who are granted Home Finance by the Policyholder after the Commencement Date, this date will be the date they enter into such Home Finance; Event of Default: means any event or circumstances specified in Clause15; Exclusion: means exclusions to cover provided by this Policy; Fatwa & Sharia Supervisory Board: means a committee of renowned independent Sharia scholars appointed by the Company to advise and provide guidance on Sharia related matters.

  • The Security Trustee also undertakes to give NSW Health notice of any Finance Event of Default and whether the Security Trustee intends to exercise its rights under the Financing Documents with respect to that default.


More Definitions of Finance Event of Default

Finance Event of Default means the occurrence of any of the following events:
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Related to Finance Event of Default

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Issuer Event of Default means the occurrence of any of the following events:

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.