Common use of Potential Events of Default Clause in Contracts

Potential Events of Default. Notwithstanding any other terms of the Lombard UK Agreements, Lombard may in its absolute discretion refuse to permit any drawing on the Lombard UK Facility for so long as there exists a Potential Event of Default.

Appears in 2 contracts

Sources: Lombard Override Agreement, Lombard Override Agreement (Vanguard Car Rental Group Inc.)