LOAN NOTE EVENT OF DEFAULT definition

LOAN NOTE EVENT OF DEFAULT means, in relation to any Loan Note, an event of default specified in the Security Trust Deed or in the Loan Note Supplement relating to such Loan Note;
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LOAN NOTE EVENT OF DEFAULT has the meaning specified in Loan Note Condition 9.1 (Occurrence of Loan Note Events of Default).
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LOAN NOTE EVENT OF DEFAULT has the meaning specified in Loan Note Condition 10.1;
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Examples of LOAN NOTE EVENT OF DEFAULT in a sentence

  • Following the occurrence of a Loan Note Event of Default, the Series 2015-1 Ledger of the Loan Note Issuer Distribution Account shall be operated in such manner and according to such mandate as the Security Trustee shall direct (subject to any Term Series Direction of the Series 2015-1 Loan Note Holders).

  • Following the occurrence of a Loan Note Event of Default, the Series 2015-2 Ledger of the Loan Note Issuer Distribution Account shall be operated in such manner and according to such mandate as the Security Trustee shall direct (subject to any Term Series Direction of the Series 2015-2 Loan Note Holders).

  • In the event of the occurrence of a Loan Note Event of Default or if the Security Trustee considers it expedient or necessary or is requested by the Loan Note Issuer (Term) to undertake duties which the Security Trustee and the Loan Note Issuer (Term) agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Security Trustee under this Deed the Loan Note Issuer (Term) shall pay to the Security Trustee such additional remuneration as shall be agreed between them.

  • Accordingly, the occurrence of a Loan Note Event of Default under one Series does not per se constitute and nor does it trigger a Loan Note Event of Default under any other Series.

  • Notwithstanding any additional duties imposed on the Security Trustee under the Trustee Xxx 0000 or the Trustee Xxx 0000 or otherwise, if a Loan Note Event of Default has occurred and is continuing, the Security Trustee shall exercise the rights and powers and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

  • The Registrar will act solely as agent of the Loan Note Issuer (Term) and will not otherwise assume any obligation or duty or relationship of agency or trust to or with the Loan Note Holders unless a Loan Note Event of Default has occurred, when it will act as agent of the Security Trustee.

  • Following the occurrence of a Loan Note Event of Default, all such authority shall be revoked and the Originator VFN Ledger of the Loan Note Issuer Distribution Account shall be operated in such manner and according to such mandate as the Security Trustee shall direct (subject to any VFN Series Direction of the Priority Secured Creditor).


More Definitions of LOAN NOTE EVENT OF DEFAULT

LOAN NOTE EVENT OF DEFAULT means any of the events set out in Condition 9 (Loan Note Events of Default) of the Loan Note with respect to a Series;
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LOAN NOTE EVENT OF DEFAULT has the meaning specified in Condition 9.1;
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LOAN NOTE EVENT OF DEFAULT means, in relation to any Loan Note, an event of default specified in the Security Trust Deed and Cash Management Agreement or in the Loan Note Supplement relating to such Loan Note.
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Related to LOAN NOTE EVENT OF DEFAULT

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

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

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

  • 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).

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

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

  • 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):

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

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

  • 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.

  • Indenture Default means any condition, circumstance, act or event that, with the giving of notice, the lapse of time or both, would constitute an Indenture Event of Default.

  • 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):

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

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

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

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

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

  • 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.

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

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

  • 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)).

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.