Loan Event of Default definition

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

Loan Event of Default. An Event of Default as defined under the Loan Documents.

Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

Examples of Loan Event of Default in a sentence

• Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default, Senior Mezzanine Loan Default, Mortgage Loan Event of Default or Senior Mezzanine Loan Event of Default or satisfying any Liens, claims or judgments against any of the Properties or the Senior Mezzanine Collateral.

• Borrower shall promptly advise Lender of any material Default or Event of Default of which Borrower has knowledge, including any Mortgage Loan Default, Senior Mezzanine Loan Default, Senior Mezzanine Loan Event of Default or Mortgage Loan Event of Default.

• If the Borrower Related Parties do not make the necessary payments and/or a Mortgage Loan Event of Default has occurred and amounts in the applicable Reserve Account are insufficient to make such payments, the Servicer shall make a Property Protection Advance, subject to the determination of non-recoverability provided in Section 3.23, from its own funds for amounts payable with respect to all such items related to the Property when and as the same shall become due and payable.

• If the Borrower does not make the necessary payments and/or a Loan Event of Default has occurred and amounts in the applicable Reserve Account are insufficient to make such payments, the Servicer shall make a Property Protection Advance, subject to the determination of non-recoverability provided in Section 3.23, from its own funds for amounts payable with respect to all such items related to the Property when and as the same shall become due and payable.

• Borrower shall give notice, or cause notice to be given, to Lender promptly upon the occurrence of any Mortgage Loan Event of Default.

More Definitions of Loan Event of Default

Loan Event of Default means any of the events specified in Section 5.1 of --------------------- the Loan Agreement, provided that any requirement for the giving of notice, the -------- lapse of time, or both, or any other condition, event or act has been satisfied.

Loan Event of Default means any event, condition or failure designated as a "Loan Event of Default" in Section 6.1 of the Loan Agreement.

Loan Event of Default means any of the events specified as such in clause 8 (Eventi Rilevanti - Decadenza dal Beneficio del Termine) of the Subordinated Loan Agreement.

Loan Event of Default has the meaning set forth in section 5.10 of the Participation Agreement.

Loan Event of Default means for any Purchased Loan, an “Event of Default” as defined in the Loan Documents for such Purchased Loan (or such other term as is used in such documents to describe events the occurrence of which gives the lender the right to accelerate (or causes the automatic acceleration of) such Purchased Loan); provided, however, that no default under the Loan Documents for any Purchased Loan shall become a Loan Event of Default hereunder unless such default is not cured within any applicable grace and cure periods (if any) under the applicable Loan Documents or is waived by applicable Seller, as lender thereunder, with Buyer’s written consent.

Loan Event of Default. ’ means, in relation to a Loan Facility, an event of default as set out in the related Loan Facility Agreement;

Loan Event of Default means an event specified as such in Schedule 4 (Loan Events of Default) to the Common Terms Agreement.