US Default definition

US Default means any event, occurrence or condition which is, or upon notice, lapse of time or both, would constitute a US Event of Default.
Sample 1Sample 2Sample 3
US Default means a “default” or an “event of default” as those terms are defined under the U.S. Credit Agreement.
Sample 1
US Default the meaning ascribed to the term "Default" in the ------------ U.S. Credit Agreement.
Sample 1

Examples of US Default in a sentence

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

  • If the U.S. Credit Agreement is terminated for any reason other than as a result of the occurrence of a U.S. Default, enter into a new credit agreement with the Administrative Agent and the Lenders, on terms and conditions satisfactory to the Administrative Agent and the Lenders, acting reasonably within 60 days of the date of such termination.

  • Promptly notify the Administrative Agent of any Event of Default, Pending Event of Default or U.S. Default (as applicable) under this Agreement or the U.S. Credit Agreement that would apply to it of which it becomes aware, using reasonable diligence.

  • Each US Loan Party shall be in compliance in all material respects with all the terms and provisions set forth herein and in each other Loan Document to which it is a party on its part to be observed or performed, and, at the time of and immediately after giving effect to such US Loan and the application of the proceeds thereof, no US Default or US Event of Default shall have occurred and be continuing on such date.

  • Neither Agent shall be deemed to have ----------------- knowledge or notice of the occurrence of any Default or Event of Default hereunder or of a U.S. Default or a U.S. Event of Default under the U.S. Credit Agreement unless such Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default or U.S. Default or U.S. Event of Default and stating that such notice is a "notice of default".

  • No Event of Default, Pending Event of Default or U.S. Default have occurred and no events have occurred that (with the giving of notice, the lapse of time or both) would constitute an Event of Default, Pending Event of Default or U.S. Default.

Related to US Default

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

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having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.

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

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

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • 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).

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

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

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

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

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

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

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

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

  • Indenture Default With respect to any Indenture, means any Event of Default (as such term is defined in such Indenture).

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

  • 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):

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Default means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

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

  • 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.

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.