Potential Event of Default definition

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.

Potential Event of Default means a condition or event which, after notice or lapse of time or both, would constitute an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period.

Potential Event of Default means an event or circumstance that could with the giving of notice, lapse of time, issue of a certificate and/or fulfilment of any other requirement provided for in Condition 10 become an Event of Default;

Examples of Potential Event of Default in a sentence

• No Event of Default or Potential Event of Default has occurred and is continuing.

• A Potential Event of Default and/or an Event of Default are “continuing” if either of them has not been remedied or waived in writing.

• The Agent may, following the occurrence of an Event of Default or a Potential Event of Default which is continuing, with the authorisation of the Majority Lenders by notice to the Borrowers, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

• The Agent may, following the occurrence of an Event of Default or a Potential Event of Default which is continuing, with the authorisation of the Majority Lenders by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

• To the knowledge of the Guarantor, no Event of Default or Potential Event of Default has occurred and is continuing.

More Definitions of Potential Event of Default

Potential Event of Default means an event or circumstance that could, with the giving of notice, lapse of time and/or issue of a certificate become an Event of Default.

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

Potential Event of Default means any event or circumstance specified in Clause 26 (Events of Default) which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Finance Documents or any combination of any of the foregoing) be an Event of Default.

Potential Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Event of Default.

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

Potential Event of Default means an event or circumstance which, with the giving of any notice, the lapse of time, a determination of the Majority Lenders (in the case of any provision of this Agreement or any of the other Finance Documents which is made subject to the determination of the Majority Lenders) and/or the satisfaction of any other condition, would constitute an Event of Default;

Potential Event of Default means an event which, with the giving of notice and/or lapse of time and/or the forming of an opinion, would become an Event of Default.