Term Loan Event of Default definition

Term Loan Event of Default means an Event of Default as defined in the Term Loan Agreement.
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Term Loan Event of Default means an “Event of Default” as defined in the Term Loan Agreement.
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Term Loan Event of Default means an "Event of Default" under and as defined in the Term Loan Agreement.
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Examples of Term Loan Event of Default in a sentence

  • Notwithstanding the foregoing, in the case of a Term Loan Event of Default as described in (h) and (i) of Section 13.1 hereof, the Term Loan will become due and payable without further action or notice.

  • Subject to the provisions of the Revolving/Term Loan Intercreditor Agreement, if a Term Loan Event of Default occurs and is continuing, the Term Lender (or the Administrative Agent upon the direction of the Term Lender) may pursue any available remedy to collect the payment of principal, premium, if any, interest and Liquidated Damages, if any, on the Term Loan or to enforce the performance of any provision of this Agreement.

  • A delay or omission by the Administrative Agent or the Term Lender in exercising any right or remedy accruing upon a Term Loan Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Term Loan Event of Default.

  • If any Term Loan Event of Default occurs and is continuing, the Term Lender may declare the Accreted Value of the Term Loan to be due and payable immediately.

  • After the occurrence and during the continuance of a Term Loan Event of Default, the Term Loan Agent shall receive for the benefit of the Revolving Credit Secured Parties any dividends paid by any Subsidiaries of the Credit Parties and pay over to the Revolving Credit Agent such dividends as provided in Section 4.1.

  • The Company shall deliver to the Term Lender annually a statement regarding compliance with this Agreement, and the Company shall upon becoming aware of any Term Loan Default or Term Loan Event of Default, deliver to the Administrative Agent a statement specifying such Term Loan Default or Term Loan Event of Default.

  • If the Revolving Lenders should amend or waive any provision of the Loan Documents, whether or not any Revolving Lender has knowledge that such amendment or waiver would result in a breach of any Term Loan Documents or a Term Loan Event of Default, or act, condition or event which with notice or passage of time or both would constitute a Term Loan Event of Default, in no event shall any Revolving Lender have any liability to the Term Loan Agent or any Term Loan Lender as a result of such breach.

  • After the occurrence and during the continuance of a Term Loan Event of Default, but prior to the commencement of an Insolvency Proceeding, the written request of the Term Loan Agent delivered to the Revolving Agent requesting that the Revolving Agent release its lien on any Term Loan Primary Collateral to be sold or otherwise disposed of, such written request to be delivered to the Revolving Agent not less than five (5) days prior to the proposed sale or disposition of any Term Loan Primary Collateral.

  • The occurrence and continuance, as applicable, of a Revolving Credit Event of Default or Term Loan Event of Default, upon the written request of the Priority Lien Agent delivered to the other Agent not less than five (5) Business Days prior to the proposed sale or disposition of any Collateral.

  • Whether or not any Insolvency Proceeding has been commenced by or against any Credit Party, the period commencing on the date of the Revolving Credit Agent’s receipt of written notice from the Term Loan Agent that a Term Loan Event of Default has occurred and is continuing and ending on the date which is ninety (90) days after receipt of such notice.


More Definitions of Term Loan Event of Default

Term Loan Event of Default means, individually and collectively, a First Lien Term Loan Event of Default and an Incremental Term Loan Event of Default.
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Term Loan Event of Default means any “Event of Default”, as defined in the Credit Agreement.
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Term Loan Event of Default means any "Event of Default" as defined in the Term Loan Credit Agreement.
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Term Loan Event of Default means any of the events or circumstances described in Section 13.1.
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Related to Term Loan 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.

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

  • 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).

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

  • 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.

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

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

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

  • 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)).

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

  • 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):

  • 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.

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

  • 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):

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Potential Issuer 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 Issuer Event of Default;

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

  • 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.

  • 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).

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

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

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

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