Credit Event Sample Clauses

Credit Event. The earliest of (i) an Event of Bankruptcy with respect to Lennox International, (ii) an Event of Bankruptcy with respect to Lennox or (iii) any event described in subsection (d) of Section 10.1 hereof.

Credit Event. In addition to any other rights of Party A herein contained and notwithstanding anything to the contrary in this Agreement, upon the expiration, cancellation or termination of the Intercompany Loan Agreement (as defined in the Master Definitions and Construction Agreement), Party A may upon giving two (2) Business Days’ notice to Party B, which shall be the Affected Party, terminate this Agreement and all Transactions thereunder in accordance with the terms and conditions hereof.

Credit Event. Promptly, and in any event not later than two (2) Business Days, after obtaining Knowledge or following receipt of notice thereof, Seller shall notify Buyer of any events, facts or circumstances that have caused or are reasonably likely to cause a Credit Event to occur with respect to any Purchased Asset.

Credit Event. (i) Pershing's Net Capital is materially reduced for any reason; (ii) BNY Mellon, or any other provider of committed or uncommitted funding facilities, terminates or materially modifies funding lines to Pershing; or (iii) an Act of Insolvency with respect to Pershing or BNY Mellon occurs.

Credit Event. On the Closing Date: (a) All legal matters incident to this Agreement, the Borrowings and extensions of credit hereunder and the other Loan Documents shall be reasonably satisfactory to the Bridge Lenders. (b) The Bridge Lenders shall have received (i) a copy of the certificate or articles of incorporation, including all amendments thereto, of each Loan Party, certified as of a recent date by the Secretary of State of the state of its organization, and a certificate as to the good standing of each Loan Party as of a recent date, from such Secretary of State; (ii) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party and, in the case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document delivered in connection therewith on behalf of such Loan Party; and (iii) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (ii) above. (c) The Administrative Agent shall have received all Fees and other amounts due and payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document. (d) The Pledge Agreement shall have been duly executed by the Loan Parties party thereto and delivered to the Bridge Lenders, and all the outstanding Capital Stock of the Subsidiaries shall have been duly and validly pledged thereunder to the Collateral Agent for the ratable benefit of the Secured Parties a...

Credit Event. Within five (5) Business Days of the occurrence thereof, each Seller Party will furnish to the Administrative Agent, on the Purchaser's behalf, notice of any Credit Event;

Credit Event. Section 4.1 (Credit Event) is modified by deleting sub-paragraph (c) in its entirety and replacing it with the following:

Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions: (a) receipt by Administrative Agent of a Borrowing Request pursuant to Section 2.03; (b) immediately after such Borrowing (i) the Revolving Credit Exposure will not exceed the Borrowing Base and (ii) with respect to each Lender, such Lender’s Applicable Percentage of the Revolving Credit Exposure will not exceed such Lender’s Commitment; (c) the representations and warranties of Borrower contained in this Agreement and the representations and warranties of Borrower and Guarantor in the other Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing both before and after giving effect to the making of such Loans; (d) at the time of and immediately after giving effect to such Borrowing, no Default shall have occurred and be continuing; (e) no law or regulation shall have been adopted, no order, judgment or decree of any Governmental Authority shall have been issued, and no litigation shall be pending or threatened, which does or, with respect to any threatened litigation, seeks to enjoin, prohibit or restrain, the making or repayment of the Loans or the consummation of the Transactions contemplated by this Agreement; (f) receipt by Administrative Agent of a completed Borrowing Base Certificate dated the date that the applicable request for Borrowing is given pursuant to Section 2.03 which shall be true and correct as of the date of such applicable Borrowing; and (g) Administrative Agent shall have received, for its and any other Lender’s account, all fees due and expenses, including the reasonable fees and expenses of ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, then due and payable pursuant to the terms of the Loan Documents. Each Borrowing shall be deemed to constitute a representation and warranty by each Credit Party on the date thereof as to the matters specified in the preceding sentence.

Credit Event. In addition to any other rights of Party A herein contained and notwithstanding anything to the contrary in this Agreement, upon the expiration, cancellation or termination of the Credit Agreement, or if Party A shall cease to be a Lender under the Credit Agreement, Party A may upon giving two (2) Business Days notice to Party B, which shall be the Affected Party, terminate this Agreement and all Transactions thereunder in accordance with the terms and conditions hereof. Notwithstanding the foregoing, in the event that the Credit Agreement is not terminated but Party A ceases to be a Lender under the Credit Agreement, within one Business Day of receiving notice of termination from Party A hereunder, Party B may notify Party A that within five Business Days it will either (A) provide security to cover all Transactions hereunder that ranks pari passu with the Security (as defined in the Credit Agreement) or (B) provide an assignment agreement under which Party A will assign the Transactions to another entity. If the Transactions are not covered by adequate security or assigned as provided herein, Party A will have the right to terminate this Agreement and all Transactions.