Common use of Qualifying Events Clause in Contracts

Qualifying Events. Effective as of the Closing, notwithstanding any provision contained in either SPV LLC Agreement to the contrary, the following events shall also constitute a “Qualifying Event” with respect to each SPV under its SPV LLC Agreement: (a) subject to Section 7.10, the receipt by such SPV of any payment in respect of its SPV Intercompany Loan,

Appears in 5 contracts

Sources: Frbny Master Transaction Agreement, Master Transaction Agreement, Master Transaction Agreement