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

Payment Event of Default means any Event of Default specified in Section 11.1(a) or (b).

Payment Event of Default means any default in the payment or required prepayment of principal of (or premium, if any, on) or interest on any Specified Senior Indebtedness when due (whether at final maturity, upon scheduled installment, upon acceleration or otherwise).

Examples of Payment Event of Default in a sentence

Counterparty may conclusively rely, without investigation, on any notice, demand, or instruction from Lender about the Hedge or any Hedge Payment, Event of Default, or related matter (“Lender Direction”), with no need for Borrower’s consent, confirmation or signature.
Counterparty may conclusively rely, without investigation, on any notice, demand, or instruction from Administrative Agent about the Hedge or any Hedge Payment, Event of Default, or related matter (“Administrative Agent Direction”), with no need for Borrower’s consent, confirmation or signature.
Swap Provider may conclusively rely, without investigation, on any notice or demand from Lender about the Hedge or any Hedge Payment, Event of Default, or related matter (“Lender Direction”).

More Definitions of Payment Event of Default

Payment Event of Default any default in the payment of the Senior Obligations (whether upon maturity, mandatory prepayment, acceleration or otherwise) beyond any applicable grace period with respect thereto.

Payment Event of Default means any default in the payment of Designated Senior Indebtedness.

Payment Event of Default means a Default specified in Section 7.2.

Payment Event of Default. See §6.10.

Payment Event of Default means any Event of Default specified in Section 11.1(a) or (b). “PBGC” means the Pension Benefit Guaranty Corporation or any successor agency.

Payment Event of Default means an Event of Default under subsections (a) or (b) of Section 801 of the Mortgage Indenture, or, with respect to failures to make payment only, Section 4.01(d).

Payment Event of Default means any default in the payment of principal of or premium, if any, or interest on or fees with respect to any Senior Indebtedness beyond any applicable grace period with respect thereto.