Payment or Bankruptcy Default definition

Payment or Bankruptcy Default means an Event of Default under Section 8.01(a), (f) or (g).
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Payment or Bankruptcy Default means an Event of Default under Section 7.1, 7.4 or 7.5.
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Payment or Bankruptcy Default means an Event of Default under Section 8.01(a), (f) or (g). “PBGC” means the Pension Benefit Guaranty Corporation. “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or any ERISA Affiliate or to which any Loan Party or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five (5) plan years. “Perfection Certificate” means a certificate in the form of Exhibit G hereto or any other form reasonably approved by the Blackstone Representative and the Collateral Agent, as the same shall be supplemented from time to time. “Permit” means any permit, approval, consent, filing, notice, waiver, exemption, certification, registration, license, approval or other authorization required or issued under any Law. “Permitted Acquisition” means any acquisition of (a) an Eligible Project Company or (b) any Project that satisfies the Eligibility Criteria; provided that, (1) such acquisition is governed by a Project MIPA, (2) no Default, Event of Default or Early Amortization Event has occurred and is continuing or would result therefrom, (3) prior to effectiveness of such Permitted Acquisition, appropriate documentation (including, without limitation, payoff letters and related documents) is provided to the Blackstone Representative (which documentation is reasonably acceptable to the Blackstone Representative in its reasonable discretion) evidencing the repayment of all Indebtedness of such acquired Person (other than Permitted Indebtedness), if any, (4) with respect to any new Project, Borrower shall have delivered a Notice of New Project, the Project MIPA and the Material Project Documents, (5) if the acquisition cost for such Permitted Acquisition is more than the present value of the Forward Project Collections for such Project (using a discount rate of 6.0%), the Blackstone Representative shall have consented thereto (which consent it may withhold in its sole discretion) and (6) the Borrower shall have notified the Rating Agency thereof; provided further that the Administrative Agent and the Blackstone Representative shall have received a certificate from a Responsible Officer of the Borrower certifying to the satisfaction of ...
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Examples of Payment or Bankruptcy Default in a sentence

  • Special Condition Precedent to Incurrence of Loans on the Redemption Date 51 6C.01 No Payment or Bankruptcy Default or Event of Default 51 SECTION 7.

  • At such time as no Event of Default, Payment or Bankruptcy Default or failure to perform shall be continuing, such amounts, net of any amounts previously applied to Lessee's obligations hereunder or under the Participation Agreement, shall be paid to Lessee or such sublessee or transferee, as the case may be.

  • The Agent may resign at any time by giving written notice thereof to the Participants and the Lessee, such resignation to be effective upon the appointment of a successor Agent or, if no successor Agent has been appointed, forty-five days after the retiring Agent gives notice of its intention to resign (subject, during the Construction Period, to the consent of the Lessee unless a Lease Event of Default or Payment or Bankruptcy Default shall have occurred and be continuing).


More Definitions of Payment or Bankruptcy Default

Payment or Bankruptcy Default means an Event of Default under Section 8.01(a), (f) or(g). “PBGC” means the Pension Benefit Guaranty Corporation. “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five (5) plan years if liability to the Borrower remains. “Permit” means any and all licenses, permits, approvals, notifications, certifications, registrations, authorizations, exemptions, qualifications, Liens and other rights, privileges and approvals required to be obtained from a Governmental Authority under any Laws. “Permitted Debt” means, with respect to the Borrower or the Double E Joint Venture, as applicable: (a) Indebtedness of the Borrower under the Loan Documents; (b) Indebtedness outstanding on the Closing Date and listed on Schedule 7.02 and any Permitted Refinancing thereof; 187 KE 73718588.20 US-DOCS\142539518.2141222994.8
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Related to Payment or Bankruptcy Default

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

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

  • Authority Default shall have the meaning set forth in Clause 23.2;

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

  • Bankruptcy Event means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person 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 such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.

  • Monetary Default shall have the meaning assigned to such term in Section 11(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).

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Administrative Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Event of Bankruptcy shall be deemed to have occurred with respect to a Person if either:

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • 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.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

  • 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).

  • 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.

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

  • Event of Insolvency means, for any Person:

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

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

  • 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)).

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

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