Fund Group Potential Default definition

Fund Group Potential Default means, with respect to a Fund Group, any condition, act or event which, with the giving of notice or lapse of time or both, would become a Fund Group Event of Default.
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Fund Group Potential Default means any condition, act or event that, with the giving of notice or lapse of time or both, would become a Fund Group Event of Default.
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Examples of Fund Group Potential Default in a sentence

  • Provided there exists no Fund Group Event of Default or Fund Group Potential Default, and subject to compliance with the terms of this Section 2.15, with the written consent of the Administrative Agent, such consent to be given in its sole and absolute discretion, the Borrowers may increase the Maximum Commitment to an agreed upon amount.

  • No event has occurred and is continuing which constitutes a Fund Group Event of Default or, to the knowledge of the Responsible Officers of such Credit Party, a Fund Group Potential Default with respect to such Credit Party’s Fund Group.

  • A request of the Borrowers in a Fund Group for a Conversion of a Reference Rate Loan to a SOFR Loan is subject to the condition that no Fund Group Event of Default or Fund Group Potential Default in respect of such Fund Group exists at the time of such request or after giving effect to such Conversion.

  • CSG (11R), CSS (23R) , Commerzbank (12R), and BANA (21R) dispute subject matter jurisdiction but not personal jurisdiction.

Related to Fund Group Potential Default

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

  • 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.

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

  • 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)).

  • 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.